ADVERTISEMENT

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

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)
A construction worker stands on the construction site of a housing block in Noida, Uttar Pradesh. (Photographer: Sanjit Das/Bloomberg)

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

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

DISCLAIMER

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 author entity and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.