17.1 C
New York
Thursday, September 29, 2022

Buy now


Infra Sector Update – Strong Guidance For FY23: Yes Securities

BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

In our view, measures from government such as-

  1. pickup in awarding activity,

  2. reducing the bank guarantee as performance security,

  3. shifting of payment from milestone billing to monthly billing and

  4. faster resolution of disputes has helped infrastructure companies during tough times of pandemic.

With ease of commodity inflation and government’s thrust on infrastructure spending (Rs 2 trillion road budgetary allocation) we expect the awarding to remain robust in FY23.

For Roads, we have witnessed awarding activity of 101 kms awarded in year-to-date-FY23 versus (303 kms awarded in YTD22).

Further we were excited to see the live upcoming bid pipeline of Rs 254 billion plus from National Authority of India spread across various segments such as engineering, procurement and construction (Rs 165 billion), hybrid-annuity-model (Rs 66 billion) and built-operate-transfer (Rs 23 billion).

Click on the attachment to read the full report:


This report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Source link

Related Articles

Stay Connected

- Advertisement -spot_img

Latest Articles