In the spotlight: Growth signs visible for road infrastructure players

Analysts expect better order flows, improving labour availability and rising construction activities to boost second half performance

Road infrastructure players are in the spotlight with improving order flows, better labour availability, and construction activities gaining pace as the monsoon season comes to an end. For toll road operators, the improving traffic, too, bodes well.  Overall, analysts expect a much better second half of FY21 after a significant impact from the lockdown during the first half.

Alok Deora of YES Securities says there is a significant improvement in the outlook each passing day with improving labour availability (70-80 per cent now); toll collections, too, have improved to about 80 per cent (of pre-Covid levels). As Deora expects further improvement