Construction and Infrastructure- Mar’21 VP Research: Shravan Shah Associate: Maulik Shah/Parth Bhavsar Tel: +91 22 40969749 Tel: +91 22 40969775 E-mail:
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[email protected] April 09, 2021 April 09, 2021 2 Monthly Update - Mar 2021 Announcement of New Investments . New investments announced up by 75.4% YoY to Rs1,722 bn (up 60.3% MoM) ACIL in Mar’21, primarily due to increase in Roads/ Power which was partially offset CMP / Target by fall in Others/ Railway. New investments announced in FY21 decreased Rs293/Rs326 13.4% YoY to Rs10,595.1 bn owing to the fall in Others/ Railways which was 3 partially offset by rise in Manufacturing/ Roads. DBL . Manufacturing segment saw a major portion of new investments with 35.5% CMP / Target Rs 575 / Rs 569 share followed by Roads/ Power at 20.6%/ 15.0% in Mar’21 HG Infra . Higher concentration of new investments announced was seen in Odisha with 30.8% share followed by Uttar Pradesh with 14.2% share. CMP / Target Rs 2 83 / Rs 410 . Major Projects announced in Mar’21 includes Integrated Steel Plant (Kendrapada) (Rs500 bn), Ganga Expressway (Ubariya Khurd-Sarso) Project J Kumar (Group-III) (Rs58.1 bn) and Pumped Storage Hydel Power (Shahpur) Project CMP/ Target Rs 1 93 / Rs 267 (Rs118.8 bn) KNR Tenders Published CMP / Target Rs 218 / Rs 240 . Tenders issued increased 82.4% YoY to Rs835.7 bn in Mar’21 led by Roads/ Irrigation. Tenders published in FY21 increased 44.4% YoY to Rs7,981.7 bn, led NCC by rise in Roads/ Mining/ Water.