Friday, October 7th, 2022
CECR

EPC Sector To Recover With Plenty Order Inflows And Execution Picking Up, Says Ind-Ra

In the 9MFY21 edition of its credit news digest published by India Ratings and Research says that pick up in execution and rich order inflows will aid recovery in the EPC (engineering, procurement and construction) sector.

“Ind-Ra expects roads, buildings, railways and irrigation related segments to see major order inflows in FY22, backed by rich budgetary allocations,” it said in a statement. With the increasing execution rates in the fourth quarter of the just-concluded fiscal, Ind-Ra said it believes the overall revenue would decline by 4 per cent in FY21, followed by growth of 15-20 per cent y-o-y (year over year) in FY22.

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