Mr Alok Deora, Sr Research Analyst – Institutional Equities, YES SECURITIES


The budget is extremely positive for the infrastructure sector. There has been a sharp jump in overall Budgeted Capex for FY22 to Rs.5.5 trn (26% yoy over FY21). Key segments like Railways and Roads have seen strong allocations. Around 8500 kms of projects would be awarded under Bharatmala program by March 2022 which would provide strong opportunities to Road contractors.

For infra projects, Development financial Institution would be set up which would help fund projects. Asset Monetization to be key focus across segments. NHAI and PGCIL to see assets being transferred of Rs.5000 cr and Rs.7000 cr respectively. The measures are better than expectations and would be significantly positive for Companies across sector.”


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