KNR Construction - A Beneficiary Of Renewed Capex Cycle: ICICI Direct
A crane operates on a residential building under construction in Noida, Uttar Pradesh, India. (Photographer: Anindito Mukherjee/Bloomberg)

KNR Construction - A Beneficiary Of Renewed Capex Cycle: ICICI Direct

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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.

ICICI Direct Report

Infrastructure was one of the key areas of focus in Union Budget 2021-22. Within the same, road remained in a sweet spot with capital allocation for Ministry of Road Transport and Highways pegged at Rs 1,08,230 crore, up approximately 18% YoY, the highest ever for the ministry.

Most importantly, we are also enthused by the clear intent on monetisation of road assets by National Highways Authority of India, which we believe could drive an overall expansion in opportunities in the engineering, procurement, and construction space, given the ease in financing for NHAI.

KNR Construction Ltd. is likely to remain a key beneficiary of thriving road segment.

Click on the attachment to read the full report:

ICICI Direct KNR Construction Company Update.pdf

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