Credit risks rising for infrastructure sector in India

25 Nov 2020 CW Team

India’s infrastructure sector will not cease to suffer from the post-Covid heat in 2021 due to increasing debt, difficulty in refinancing and weakening of counterparties, as reported by global credit rating agency Standard & Poor’s. In a presentation titled “India’s infrastructure recovery won’t be quick”, they stated that refinancing for speculative grade-rated issuers will remain strenuous.

Thanks to the quick recovery in the roads segment post the steep fall, road projects are expected to be safeguarded from traffic risk. However, the airports segment’s recovery seems improbable before 2024. The refinancing risks in this sector are cause by excess capital expenditure and regulatory delays. According to the report, with high fixed costs as well as limited operating levers, the profitability will come under pressure.

With three consecutive months of demand growth, the demand recovery in the power segment appears to be sustainable. Despite heavy overdue receivables, the segment will be operationally resilient..

The weak companies in the distribution sector(discoms) have been adversely affected by the massive increase in overdue receivables post-March. The structural issues faced by the sector cannot be overcome despite the provision of the liquidity relief loan. The report also said that the States’ inadequate support to these discoms adds to the strain.

Gradual recovery is expected for ports, in tandem with the gross domestic product.

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..