Nirmal Bang: Key Takeaways From Meeting With NHAI

Nirmal Bang: Key Takeaways From Meeting With NHAI

Workers prepare bracing while working at the National Highway 24 road widening and bypass project near the Indirapuram township in Ghaziabad, Uttar Pradesh, India (Photographer T. Narayan/Bloomberg)

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Nirmal Bang Report

We recently hosted the National Highway Authority of India (NHAI)’s Chief General Manager (CGM) of Finance, Siba Narayan Nayak to take stock of the recent developments in the Indian road sector and their possible impact on the construction companies.

Nayak talked about steps taken by the NHAI during the pandemic, new BOT (build-operate transfer) toll model, project preparedness, ordering activity, funding plans and arbitration status.

We believe that despite the slowdown in government spending, ordering as well as construction activity from the NHAI are likely to be robust, resulting in better revenue visibility for the construction companies.

Click on the attachment to read the full report:

Nirmal Bang Construction Sector- Infra Day Update -24 September 2020.pdf
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This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the brokerage and do not represent the views of BloombergQuint.

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