Road projects to see 2-5 per cent hike in inflation-linked toll rates in FY24: Report

Rating agency Icra has revised down the outlook on the toll road sector to stable from positive for FY24, citing the easing wholesale price inflation which fell to 4.95 per cent in December 2022. The wholesale price index (WPI) based inflation is expected to fall further and is likely to settle at sub-2 per cent in March 2023.

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