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Road EPC companies’ revenue to contract 8-10% in FY21 due to COVID-19: CRISIL Ratings

Revenue of road building engineering, procurement and construction (EPC) companies is expected to contract 8-10 per cent this fiscal as the COVID-19 pandemic-driven lockdowns severely curtailed their activity, CRISIL Ratings said on Tuesday.

There was a 17 per cent growth between fiscals 2017 and 2020 based on an analysis of over 300 CRISIL-rated EPC companies with rated debt of Rs 51,000 crore, CRISIL Ratings said in a statement.

Source
financial express
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