Dear Stakeholders,
It is our privilege to present to you a brief update on the operating
environment of your Company and its future prospects.
Despite the challenges posed by geopolitical conflicts, high energy
costs, and commodity price volatility, India has emerged as one of the fastest-growing
economies in FY 2023-24. As it heads towards finding a place amongst the top three
economies of the world in the future, the spotlight shines brightly on infrastructure
development.
The National Highways Authority of India (NHAI) has set new benchmarks,
spending a record ' 2.07 lakh crores on national highway construction in 2023-24, a
remarkable 20% increase from the previous year. This unprecedented investment has resulted
in the construction of ~12,300 km of roads, surpassing the previous record by a
significant margin. Moreover, NHAI's monetization receipts reached an all-time high
of ' 40,314 crores in 2023-24, a 70% increase from the previous year, showcasing
the trust placed in the nation's infrastructure. These developments widen the scope
for new business for your Company.
As your Company embarks on its second year of operations postlisting,
we have remained steadfast in our commitment to building a robust and sustainable
business.
Our focus on care, safety, and sustainability, intertwined with
technology, has been the cornerstone of our approach. We have proactively invested in our
assets to develop preventive measures against accidents, ensuring the longevity and
resilience of our road network.
The key to our approach to business lies in our detailed asset
management strategies, designed to maximize returns for our unit holders. We have
implemented advanced tools such as intelligent traffic management systems, smart
infrastructure, and real-time data analytics. Proactive maintenance, enabled by these
innovations, ensured timely repairs and upgrades, thus improving the durability and
quality of the roads we manage. Our efficient approach ensures that the roads we manage go
beyond their primary function as transportation routes, becoming valuable national assets.
We remain steadfast in our vision to cultivate a far-sighted approach
to transportation and infrastructure. By staying one step ahead, foreseeing future
requirements, trends, and technological shifts, we ensure that our road management
strategies remain resilient and adaptable, poised to meet the evolving needs of our
nation.
In closing, I would like to express my heartfelt gratitude to each and
every one of you for your unwavering trust and confidence in the Trust. Your support is
the cornerstone of our success, and together, we hope to shape a brighter future for the
Company.
Thanking you