After a few years of a slow economy and declining revenues, India Inc now appears to be keen to pursue multiple modes of raising capital for debt-ridden infrastructure and construction companies. According to a recent report by Credit Suisse Securities
Downward pressure on margins, availability of funds and slow moving order books - these summarise the performance of the construction and building sector in 2013. Going forward, faster execution of projects and seamless flow of funds into the sector hold the key to a positive outlook of this sector.
The quarter ending September 2011, which also happened to be lean for construction activity, witnessed modest topline growth, but net profit took a severe beating amidst rising costs and hard-to-come new projects, according to Nitin Madkaikar, Economist, FIRST Infocentre.
It's a product of a shared dream - one that has been transformed into reality. Conceived by Chairman Alla Ayodhya Rami Reddy and Managing Director YR Nagaraja, Ramky Infrastructure, the flagship company of the Ramky Group, is a major player in the Indian infrastructure industry today.
Will 2013 see renewed acceleration in projects becoming available for bidding? Will projects stuck in the web of permission get the green signal? Will the RBI finally reduce interest rates? Will the UPA government continue its drive towards policy reform? Let us first look at the reasons why 2013 can be a better year than 2012. We have P Chidambaram in the finance ministry, quite determined to reduce fiscal deficit.