Diversifying for Growth
In a move to broaden their market presence, many leading companies are entering into the other Infrastructure Sector, which is currently the prime focus of the government.
A trend that is being noticed in the last one year, is that of companies diversifying from their core business to the Infrastructure Sector, where they are seeing a good potential for expanding their business footprint. Prospective segments are roads and highways, industries and real estate. Many companies are collaborating with global players to bring superior quality, efficiency and expertise in developing the projects. Here's a look at some of the companies and their ventures.
Adani forays into road construction
Adani Enterprises (AEL), the flagship entity of the Adani Group, which has a presence in the power, coal and maritime sectors, has won a contract for a four-lane road project under the hybrid annuity model (HAM) in Chhattisgarh, worth ₹1,140 crore. Adani was the lead partner in a consortium that bid for the project.
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NBM&CW July 2018
