After strong increase in the previous two fiscal years, construction equipment sales were unchanged in the first quarter. Road building project awards slowed and elections lowered demand, causing this stalemate.

Dilip Buildcon won a Rs 976 billion road contract in Jharkhand. The National Highways Authority of India has given the project a letter of acceptance (LoA) to develop a four-lane highway on the Mehgama-Hansdila section of NH-133 utilising the hybrid annuity model (HAM).