Infra Sector Check - Upbeat Ending To FY21; In FY22, Second Covid-19-Wave To Set The Course: Anand Rathi
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Anand Rathi Report
Key and timely policy support and the continuing focus on tendering and awarding are well-appreciated efforts of the government.
They not only helped industry participants better manage the uncertain times in FY21 but also ensued that infrastructure development remained the key focus.
With execution efficiencies largely back from the initial Covid-19 wave and sturdy order books awaiting execution, the sector seemed set for strong growth ahead.
The recent surge in Covid-19 cases, though, (and consequent restrictions to contain the spread) appear to have potential to, if not disrupt, then delay the scale-up.
Nevertheless, the disruption, owing to efforts underway, is unlikely to be of the magnitude last time.
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