Road stocks climb after Finance Minister Nirmala Sitharaman signals restructuring of highways

NEW DELHI: Road stocks such as IL&FS Transportation Networks (up 4.71 per cent), Bharat Road Network (up 1.56 per cent), IRB Infrastructure Developers (up 1.25 per cent) and Dilip Buildco (up 0.93 per cent) traded with decent gains in Friday's session.

The road and highway stocks got traction after the Finance Minister Nirmala Sitharaman said a comprehensive restructuring of National Highways Programme will be done to ensure the creation of National Highways Grid of desirable capacity.

In her Budget speech, the FM said that 1.25 lakh kilometers of roads will be upgraded and all-weather road connectivity provided to more than 97 per cent of eligible and feasible habitations, made possible by a high pace of road construction.


The FM said that phase 3 envisaged to upgrade 1.25 lakh km of road length at an estimated cost of Rs 80,250 crore.