Yes earlier projects have been stalled. But recently government’s push for infra in border areas due to hostile neighbours have seen completion of projects in break neck speed. You can also refer to there RHP in page 196 where they have clearly mentioned all the on-going projects as well as, at what stage each projects are. Most of the projects have been completed by the company on time.
Plus geography is an advantage for the company as most of the revenue comes from maintenance and upgradation of road and slope stabilization projects. And in hilly area due to landslide, snowfall, etc. Requirement of constant maintenance and upgradation of existing infrastructures is higher than in plains.
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