
Says Mohit Makhija, Senior Director, CRISIL Ratings, “Total equity commitment towards under- construction public private partnership (PPP) projects is estimated at over Rs 21,000 crore by fiscal 2025. Further, the working capital requirements are expected to increase with expected strong revenue growth of 10-15% over the next two fiscals and rollback of liquidity support provisions under the Atmanirbhar Bharat package. Accruals will fund ~45% of these incremental outflows, while the balance is expected to be funded through asset monetisation and debt. Consequently, debt of the sample set is expected to inch up to ~Rs 30,000 crore as of March 2025 from ~Rs 17,000 crore as of March 2022.” (Annexure)
This is a premium article available exclusively for our subscribers.
If you are already a subscriber, please Login
If not, subscribe now and get access to well researched articles & reports on infrastructure construction, equipment & machinery, innovations & technology, project reports, case studies, and more. All this by simply paying just ₹200/- for a month of complete portal access, or a discounted rate of ₹1000/- for a full year of access.