The continuing impact of the COVID-19 pandemic.
Since the projects are capital-intensive, the company has significant amounts of long-term loans.
Dependence on the company’s ability to bid for and be awarded EPC and BOT projects.
The majority of revenues of the company are derived from road projects undertaken or awarded by governmental authorities and other entities funded by the GoI or state governments.
Projects are awarded basis a bidding process which may not always work in the favor of the company.
Sudden termination of a project for any reason.
Outstanding legal proceedings involving the Company, Subsidiaries, Directors, and Promoters.
The requirement to maintain the roads constructed by the company as per the terms of the project.
An unanticipated increase in the costs of construction materials, fuel, labor, or other inputs.
Dependence on its ability to accurately carry out the pre-bidding engineering studies for bidding on projects.
Underutilization of workforce or equipment bank.
Increases in the prices of construction materials, fuel, labor, and/or equipment.
Unforeseen engineering problems, disputes with workers, force majeure events, and unanticipated costs due to defective plans and specifications.
Geological, construction, excavation, regulatory and equipment problems with respect to operating projects and projects under construction.