Enhanced budgetary allocation of Rs 3.96 lakh crore to the infrastructure sector would boost order inflows and is positive for companies in the segment, ratings agency Icra said today.
“Budget focus on infrastructure sees increase in allocation to most schemes; high execution targets is credit positive,” it said.
It said the Central government has retained its focus on infrastructure development by increasing allocation towards the sector with focus on key segments like roads, railways, metro and irrigation.
“This, along with, promotion of affordable housing segment by granting the infrastructure status to such projects, will help the construction sector in further enhancing order inflows,” it said. Read More…