The festive season has begun on a positive note. Larsen & Toubro (L&T) was not only named the ‘Largest & Most Profitable Construction Company’, its SPV, L&T Metro Rail’s Managing Director KVB Reddy was also named ‘Construction World Person of the Year (Private Sector)’ at the 18th Construction World Annual Awards, and it emerged the lowest bidder at Rs 249.85 billion for the design and construction of 237-km length of viaduct for the 508-km Mumbai-Ahmedabad bullet train project
Pratap Padode, Founder & President, FIRST Construction Council lauded the authorities on the decision to defer the implementation of the emission norms for construction equipment to 1st April 2021. He further urged the authorities to advocate a land pooling method by stating, "As part of the National Infrastructure Pipeline, the roads sector would elicit an expenditure of Rs. 3.24 trillion in FY 2020 alone apart from its total allocation of nearly Rs. 19 trillion over five years until 2025. With land costs constituting 40 per cent of the cost of roads from only 10-15 per cent barely seven years ago, the failing of the Land Acquisition Act is hurting the stability of this model. I have been constantly recommending abandoning the purchase of land for road construction and deploying innovative land pooling instead, which will save the country over Rs. 2 trillion."
The Noida International Airport and Zurich Airport International AG on October 7, 2020, signed a concession agreement that would allow the Switzerland headquartered company to build and operate the Noida International Airport at Jewar for 40 years.
It is true that the impact of COVID-19 impact on India Inc in FY2020 was only for a few days – the last two weeks of March. But many would agree that the Indian economy was already in trouble and COVID-19 only exposed the fault lines.
India Ratings and Research (Ind-Ra) has maintained a negative outlook on energy and transport infrastructure for 2HFY21, stemming from a likely low demand, driven by low thermal plant load factor and subdued wind generations, and the resultant impact on coverage metrics. The agency has also maintained a negative outlook on the roads and airport sectors.