Slowdown in tendering activity by Centre, states

Tenders above Rs 2,500 crore, floated across all divisions in the engineering, procurement and construction (EPC) space, grew just at 2.2 per cent in the second quarter of FY24 to Rs 3,47,900 crore, signifying a slowdown in tendering activity by the central and state governments.
There were tenders worth Rs 3,40,400 crore in the same period a year ago and Rs 3,38,400 crore in the first quarter of FY24.
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