Infra offers Rs. 56,000-cr biz avenues

Infrastructure Project
According to the India Ratings and Research estimates, the country commands potential to the tune of Rs.56,000 crore of the total debt of Rs.1,73,000 crore across infra sub-sectors. In a recent report on Infrastructure Project and Finance, the Fitch Group company concluded that the highways sector has potential of 27% and the solar sector is expected to be in the forefront in terms of number of deals, with refinancing avenues of about 33%. The findings also mentioned the possibility of a shift in the type of instruments issued for raising capital. They could largely be capital market instruments, such as bonds from the conventional term loans. With four Investment Trusts likely to hit primary markets in FY 2018, the rating firm estimates that Rs.6,000 crore could be refinanced. The refinance move is particularly seen to benefit the toll roads and solar projects as most of them are in a ramp up mode.

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