Construction Sector: Execution To Improve In Q3, Previews Nirmal Bang
A construction worker stands on the construction site of a housing block in Noida, Uttar Pradesh. (Photographer: Sanjit Das/Bloomberg)

Construction Sector: Execution To Improve In Q3, Previews Nirmal Bang

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Nirmal Bang Report

With shortage of labour and monsoon behind us along with government’s focus on infrastructure spending, we expect Q3 FY21 to be a good quarter for all our covered construction companies.

During FY21 (till November 2020), the length awarded and constructed by Ministry of Road Transport and Highways was 6,764 kilometres and 6,207 km, respectively, whereas in FY20 the same was 8,948 km and 10,237 km, respectively.

So, despite the Covid-19 pandemic, the authority has been able to perform better on both awarding as well as construction activities.

Click on the attachment to read the full report:

Nirmal Bang Construction Sector-Sector Update and Q3FY21 Preview - 6 January 2021.pdf

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