Roads & Highways stocks were trading higher as in order to further improve the ease of doing business, the National Highways Authority of India (NHAI) has agreed to most of the suggestions made by industry body, the Consulting Engineers Association of India (CEAI).
PNC Infratech is currently trading at Rs. 156.50, up by 1.25 points or 0.81 % from its previous closing of Rs. 155.25 on the BSE. The scrip opened at Rs. 155.50 and has touched a high and low of Rs. 157.30 and Rs. 155.50 respectively.
IRB Infrastructure Developers is currently trading at Rs. 113.35, up by 1.60 points or 1.43% from its previous closing of Rs. 111.75 on the BSE. The scrip opened at Rs. 116.00 and has touched a high and low of Rs. 116.00 and Rs. 112.40 respectively.
Ashoka Buildcon is currently trading at Rs. 64.80, up by 0.45 points or 0.70% from its previous closing of Rs. 64.35 on the BSE. The scrip opened at Rs. 64.20 and has touched a high and low of Rs. 65.10 and Rs. 63.95 respectively.
CEAI had made suggestions pertaining to areas that include Omnibus Bank Guarantee, Performance Parameters of Consultants, Approval of DPR, Value Engineering, Technical Capacity Provisions, Evaluation of Bids etc. NHAI agreed with most of the suggestions made by them. Suggestions which were outside the purview of NHAI have been sent to the related authorities for consideration.
Further, NHAI assured the body that all good suggestions facilitating smooth working with the Consultants shall be positively considered in the future as well. NHAI also said that it is committed to improve ease of doing business and facilitate better working relationship with all its stakeholders.
