PNC Infratech -- On the growth path: Buy
The Centre’s focus on infrastructure should benefit this road construction player
The Centre, in the Budget, has continued to increase expenditure allocation for road and railway projects. The pure construction contract format (EPC - engineering, procurement and construction) and hybrid annuity model (a mix of EPC and long-term leasing contract under the annuity scheme) are the main modes of awarding road project construction contracts. This should benefit playerssuch as PNC I...
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