BRO workers repair the road surface with tarmac on a section of the Leh Manali highway in Ladakh. (Photographer: Prashanth Vishwanathan/Bloomberg)
India’s infrastructure sector has witnessed a steady increase in investor interest over the recent past, especially in operational renewables and road projects. To put things into perspective, 35 percent of all private equity and venture capital investments in the first eight months of 2019—which has already surpassed the all-time high recorded in 2018—is focused on large infrastructure projects. Road deals worth an estimated Rs 13,0...