| The need for scaling up infrastructure investments for sustained economic growth and the role of the private sector in the same is now well established. With established census on stepping up infrastructure development to sustain high economic growth rates, Rs 17.3 tn is expected to go into infrastructure creation over the next five years. Indian Private sectors infrastructure developers have demonstrated strong risk mitigation capabilities and financial acumen and have successfully executed a number of challenging projects across sectors. With the huge infrastructure development potential over the next five years, an unprecedented opportunity exist for private infrastructure developers with the scope to substantially create further shareholder value. The large opportunity canvas and the development capability of developers make us extremely positive on the private infrastructure development Space. Traffic growth and therefore revenue growth in BOT road projects is fairly predictable. With relatively fixed operating cost and a fair degree of certainty of rise in toll rates in line with inflation, makes road projects extremely attractive. Going forward, Telecom and Power Transmission sector, Water Sewerage & Sanitation, Commercial Buildings and Roads are expected to receive the largest chunk of infrastructure investment over the next five years. The company is uniquely poised to take advantage of the investment spend in these areas. |