Roads play a key role in the social and economic growth of any country. Roads influence the pace, structure and pattern of development. Development and maintenance of the road infrastructure sector is a priority of the government. The sector has received strong budgetary support over the years as road infrastructure has been a key government priority.
Recognizing the significance of a reliable and swift road network in the country and the role it plays in influencing its economic development, the Ministry of Road Transport and Highways (MORTH) has taken up the responsibility of building quality roads and highways across the country.
Between 2009 to 2019 the budgets outlay for road and highway construction has increased at a robust CAGR of 16.82%. Bharatmala, a centrally sponsored road and highway project with a target of completing 83,667 kms of new highways at an estimated cost of H5.35 trillion crores, had started in 2017.
MBL in past has executed and commenced a number of praiseworthy projects in the states of West Bengal, Madhya Pradesh, Maharashtra, Assam, Uttar Pradesh, Delhi, Rajasthan, Karnataka, Haryana, Odisha, Andhra Pradesh, Bihar and Uttarakhand.
The Company has an early mover advantage into this segment. The Company has successfully executed the work of comprehensive maintenance of Ring Road & Outer Ring Road in NCT, New Delhi and was awarded some out of the first batch of such contracts awarded by NHAI.
Immense opportunities are available to Company in its core competence area of civil engineering projects particularly in the roads and highways sector.