Order book position of road EPC firms to get better, says CRISIL

The order book position of road engineering, procurement and construction (EPC) companies, which currently stands at over three times revenue at present, is expected to improve further supported by new project awarding momentum.

 

The sale of operational road assets through monetisation will further add to their growth.

 

Asset monetisation in the roads sector will see an acceleration as EPC companies in this space pursue growth and is also aided by various government initiatives, according to domestic rating agency Crisil.