The Infrastructure sector is a key driver for the Indian economy. Most of the major construction spending categories increased from July to September with indemnification of construction contracts but activity was mixed compared to spending levels a year earlier, according to an analysis of new government data by the Associated General Contractors of India. This sector is highly responsible for overall development and intensive GDP growth for initiating policies that would ensure the time-bound creation of world-class infrastructure in the country.
Construction spending in September 2016 totalled $24.3 billion at a seasonally adjusted annual rate, an increase of 0.5 percent from the August 2017 total and up 2.5 percent from a year earlier, Nitin Jairam Gadkari said. He noted that all major categories had gained for the month but private nonresidential and public construction totals were lower than a year ago, here are some key Investments in this sector that are listed below:
- With the majority of deals led by the power, roads and renewable sectors the infrastructure sector in India witnessed 33 deals in FY 2016-17 involving US$ 3.49 billion as against US$ 2.98 billion raised across 31 deals in FY 2015-16 as per the statement by investment bank Equirus Capital.
- To meet the next wave of India’s urban development needs and overall country’s infrastructure development needs, Meinhardt Group, an engineering company based in Singapore, plans to establish its position in India.
- Mr. Sultan Ahmed bin Sulayem, Chief Executive Officer (CEO), DP World, a UAE-based firm stated that having previously invested US$ 1 billion in India, they are again planning to invest another US$ 1 billion in India's infrastructure sector along with logistics and container terminals.
- To invest in infrastructure assets in India and across the globe I Squared Capital, a global infrastructure investment company, is planning to raise up to US$ 4 billion through its second infrastructure fund.
- To scale up its presence in India, Abertis Infraestructuras SA, a Spanish infrastructure firm, has agreed to buy two toll road assets in operation in South India from Macquarie Group for Rs 1,000 crore (US$ 151 million).
- GVK Power & Infrastructure Ltd won the bid to develop Mumbai’s second airport in Navi Mumbai for Rs 16,000 crore (US$ 2.39 billion).
- UAE-based Gamma Group has outlined plans to invest around Rs 3,000 crore (US$ 453 million) in infrastructure, health and education sectors in Kerala.
- To invest in stressed infrastructure projects in India. Infrastructure Leasing and Financial Services Ltd (IL&FS) and global private equity (PE) firm Lone Star have plans to jointly invest US$ 550 million.
Top 5 construction contracts for construction spending increases were based on a comprehensive quantitative and qualitative analysis of the overall business performance of every company. It comprised peer comparison, order book analysis, assessment of the diversity of projects as well as execution capabilities of these companies Private residential construction spending increased 0.4 percent between August and September 11.6 percent over the year. Spending on multifamily residential construction grew 0.9 percent in August and 2.3 percent from a year ago, while single-family was up 0.3 percent for the month and 11.1 percent from the August 2016 rate.
- Larsen & Toubro
- Jaiprakash Associates Limited
- Lanco Infratech
- Reliance infrastructure limited
- GMR infrastructure
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