Infra, Cement Sector Conference Takeaways: Dolat Capital
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Dolat Capital Report
We hosted eight corporates and seven experts in our India Virtual Conference Series 2021 for the Cement and Infrastructure sectors. Key takeaways from the discussion-
National Highways Authority of India has awarded 20,000 kms under Bharatmala Phase one out of 30,000 kms and balance 10,000 kms to be awarded in the next two years.
Infrastructure sector going through an interesting phase. Infra sector is blessed with good pipeline of projects coupled with sufficient liquidity at a reasonable cost. Increase in prices of commodity is a concern which is setting off the gain arising due to lower interest rate thus impacting overall working capital cycle.
In FY21 there was a dip in cement demand of 10% and is envisaged to grow at 9%-10% in FY22 and FY23 and grow at 5%-6% thereafter.
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