INFRASTRUCTURE: PROJECTS WORTH ₹3.3 LAKH CRORE GET GREEN LIGHT
News: The government has approved projects worth ₹3.3 lakh crore in the last 3 months. The outlay for Ports is ₹76,000 crore, 11 Railways projects worth ₹31133 crore have been approved and 4 Metro rail projects with cost of ₹30766 crore have also been approved along with Airports outlay at ₹5000-6000 crore. The EPC entities present in irrigation space are seen to benefit from ₹ 12,157 crore outlay for Polavaram project. the outlay for Road/Highways is ₹51000 crore (8 access controlled highways) For highways, ₹ 2 lakh crore of additional approvals would come ahead.
Views: The above approvals would translate into strong ordering across segments ahead.
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