Today news
The same in other media
Lockdown hits infra firms as execution stalls, toll revenue dips
Reading now: 666
The lockdown has dealt a big blow to infrastructure firms that were already facing dwindling order flows since FY18. Stalled project execution and toll collections in roads put steady revenue growth seen in last few quarters at risk.
Brokerage firms estimate a flat or marginal drop in infra developers’ revenue in Q4 because only the last week was affected by the lockdown.
But the pain will worsen in FY21. Even if the lockdown is eased or completely lifted by 3 May, it would take time for economic activity to resume, traffic to ply to pre-lockdown levels and tolling to ramp up.
A study by Crisil Ratings estimates a 12.5% drop in traffic and 8.5% fall in toll revenue for FY21. This is even after assuming a 4% rise in toll rates and improved
The website covid-19.rehab is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
COVID-19
United States
|
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
|
India
|
Cases: 34 321 025
Deaths: 459 652
Recovered: 0
|
Brazil
|
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
|
United Kingdom
|
Cases: 9 215 683
Deaths: 141 607
Recovered: 0
|
Russia
|
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
|