Road Construction players – Who will win the race along the upcoming freeways?

Nitya thanks for your comments. Please see below management highlighiting that they are working on POC (proof of completion) method.

Another point is they mentioned unbilled revenue is mainly from IHCML and DPR project. However, both of these projects are only 30% of revenues while unbilled revenue is over 50% of revenues. Also if i add receivables then over 60% of revenue is in receivables and unbilled revenues.

Please help provide color on same.

Thanks in advance.