Institutional Equities - Online Share Trading
Institutional Equities - Online Share Trading
Institutional Equities - Online Share Trading
Create successful ePaper yourself
Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.
<strong>Institutional</strong> <strong>Equities</strong><br />
Management commentary on delay in project execution:<br />
IRB Infrastructure<br />
Competitive bidding due to slowdown in NHAI project award activity.<br />
Land acquisition delayed Goa-Karnataka project.<br />
Reliance Infrastructure<br />
Not accruing any regulatory asset from the third quarter in Mumbai electric supply operations<br />
EPC business reached inflection point and starting 1QFY12, there will be significant increase in the topline<br />
and profits of EPC projects.<br />
Three road projects were delayed due to NHAI land clearance issue.<br />
GMR Infrastructure<br />
Issues regarding determination of aeronautical charges and collection of airport development fee to<br />
recover Delhi airport costs.<br />
Lower plant load factor due to shortage of natural gas.<br />
Realty demand slowdown impacting further monetisation of Delhi land parcel.<br />
HCC<br />
Environment clearance delay for hydro-power projects hit EPC projects.<br />
Irrigation projects in Andhra Pradesh slowed down due to delayed payment.<br />
IVRCL Infrastructure<br />
Projects delayed due to problems in land clearance.<br />
Delayed payment issue in the Andhra Pradesh region.<br />
Slower execution during state assembly elections.<br />
Projects which witnessed major delays are Goa-Maharashtra and Panvel-Sion road projects, Andhra<br />
Pradesh irrigation project, and Hogenakkal and Koyna hydro-power projects. These are the key projects<br />
where substantial revenue was lost, amounting to almost Rs25bn.<br />
25 Infrastructure Sector
Change language