R-Infra gains as construction biz get a boost, EPC order book triples

Analysts call it a small positive step, say defence order visibility is key

For the year 2018, Anil Ambani-led Reliance Infrastructure (RInfra) so far has reported order wins worth more than Rs 60 billion for its engineering, procurement and construction segment. Analysts believe the orders may be a good step but visibility on larger investments made in defence and roads is key.

Last week, RInfra informed the exchanges it has won an EPC contract for Rs 36.47 billion from Tamil Nadu Generation and Distribution Corporation Limited for balance of plant package and allied civil works for the 2x800 Mw supercritical coal-based Uppur Thermal Power Project. In the last two months, the company has