Page 10 - Construction Sector
Rural India can't recover until NBFCs do
An intricate web of links between rural incomes, construction activity and shadow banks are fuelling the economic slowdown
 "Rural India can't recover until NBFCs do")
Rs 25k-cr booster dose will revive stalled realty projects, say analysts
The Mumbai Metropolitan Region and the NCR are two of the worst-hit property markets in the country, with 95,000 and 195,000 stuck projects, respectively
 "Rs 25k-cr booster dose will revive stalled realty projects, say analysts")
More pain for Andhra Pradesh construction sector as sand shortage persists
With flooding of major rivers extending the shortage, the price of a truck-load of sand (10-12 tonnes) has risen to over Rs 50,000 in the black market
 "More pain for Andhra Pradesh construction sector as sand shortage persists")
Ind-Ra maintains stable outlook for construction sector on existing orders
Most construction companies are likely to experience healthy revenue growth and stable credit metrics over H2 FY20, underpinned by the strength of their existing order books, Ind -Ra said
 "Ind-Ra maintains stable outlook for construction sector on existing orders")
Funding constraints to slow pace of construction in FY20: CARE Ratings
Four out of the top 10 states are coastal states with more than two large ports being situated in each of them
 "Funding constraints to slow pace of construction in FY20: CARE Ratings")
ICICI bank and Union bank benefit from construction sector package
Gross non-performing loans of the sector stood at 12.2 per cent at the end of the first quarter of the financial year
 "ICICI bank and Union bank benefit from construction sector package")
Cabinet clears clutch of moves to revive construction sector
Measures have been approved to allow contractors to help quickly resolve disputes, pump in liquidity and deal with stressed assets
 "Cabinet clears clutch of moves to revive construction sector")