Infra Construction - Positives Outweigh Negatives

Demand for construction equipment in India stems from the various infrastructure activities in roads, airports, ports, railways and metros.

Pavethra Ponniah, Vice President and Sector Head - Corporate Sector Ratings, ICRA Ltd.

For a large part of the current up-cycle which started in CY2016, road work has largely been the biggest demand driver, followed by railways/metro.Notwithstanding the general slowdown in public/private infrastructure work during the election period, the road sector has an adequate pipeline of projects for development/upgradation in national highways and state highways which can keep execution high during CY2019. While real estate and power have also been strong demand drivers in the past, the current outlook on demand from both the sectors is relatively muted.

🔒 This article is for subscribers only. Log in to read.

Subscribe for a Month @ ₹200/- Subscribe for a Year @ ₹1000/-