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Green shoots in infra: Road builders' credit demand switches to fast lane

The first of a three-part series on credit pick-up looks at the road construction sector, which seems to be recovering

Megha Manchanda  |  New Delhi 

There seems to be light at the end of the tunnel for the highway sector, according to top bankers in the country. There has been a recent pick-up in credit demand, and the road to recovery does not seem too bumpy. “No one wanted loans.

Now, they (infrastructure companies) are applying for credit, they are indicating they may need money for this project or that,” said State Bank of India (SBI) Chairman Rajnish Kumar. He said credit demand from the road sector was firming up. Credit demand from solar power projects and the oil and gas sector, especially city gas projects, ...

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First Published: Mon, December 16 2019. 00:38 IST
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