The roads and highways sector has demonstrated strong resilience to the Covid-19 disruptions with robust ordering activities (NHAI awarded 1,330 km in H1FY21; up 1.6x YoY) and improving construction pace. Additionally, measures such as a) shifting from milestone-based billing to monthly billing, b) releasing of retention money/performance security in proportion to execution, c) faster resolution of disputes through reconciliation and d) revision of model concession agreement (MCA) for HAM and BOT projects ensured continuance of gained momentum and safeguarded contractor's...