Rating agency ICRA says opportunity for construction sector as Metro Rail network grows
DSIJ Intelligence / 18 Jul 2017
The metro rail network is operational or partly operational across nine Indian cities and another five cities have under-implementation metro projects.
and Robust order inflows for the construction companies are likely to consolidate the construction industry in the coming few years as Metro Rail projects in India have gained momentum, rating agency ICRA said.
Currently, the metro rail network is operational or partly operational across nine Indian cities and another five cities have under-implementation metro projects. There are plans to develop metro rail projects in over 30 Indian cities.
K. Ravichandran, Senior Vice-President and Group-Head, Corporate Ratings, ICRA, said,“Roads and urban infrastructure, including Metro Rails are two key segments which have witnessed robust order inflows for the construction companies. Further, with sizeable pipeline of projects in these segments, the construction sector is expected to have sufficient order inflows and companies with strong track record and healthy balance sheet are expected to exhibit strong growth going forward.
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