Beginnings of an upturn in Infra Firms: ICRA Report points to an improving trend in financials of infra cos. 12% decline in consolidated debt levels, and order books (largely from public expenditure in infra) shoring up order books to 3X level of last yrs revenue
• Green shoots of infra recovery Given the govtfs urban infra focus, firms with projects in the airport/highways segments saw improved performance, with order books looking encouraging. Consolidated debt levels of infra firms fell because of divesting stake in subsidiaries, etc.
The UDAN regional air connectivity scheme appears to be getting an overwhelming response. 141 responses for 502 routes (fixed wing + helicopter) by 17 operators for Round 2 of bidding. Could radically transform the aviation scene for India in a short span of time
• UDAN flying high Airlines could connect 116 airports and helipads, including 49 un-served and 15 under-served airports and 24 helipads, on these 502 routes. Read More…