Govt Needs To Make Concession Agreement More Lucrative believes that transport and highways minister Nitin Gadkari's ambitious plan developing 25 kilometers of road per day is doable.
Banks should evaluate SPVs of road projects to evaluate financial health
S Ramachandran
Director (Biz Dvpt)
IVRCL
In an interview to CNBC-TV18, S Ramachandran, director - Business Development at IVRCL said that ground reality for entire infrastructure sector looks grim and companies are struggling against macro and financial challenges.
In order to make road projects lucrative, 15-17 percent average returns are needed and softening interest rates could improve returns on these projects, he added.
He suggested that the new government should make a 100-day plan to revive infra sector. Further, it needs to make concession agreement more lucrative towards developer.
Meanwhile, he believes that transport and highways minister Nitin Gadkari's ambitious plan developing 25 kilometers of road per day is doable, but the caveat remains conducive environment.
Transcript to follow shortly
IVRCL stock price
On June 16, 2014, IVRCL closed at Rs 24.05, down Rs 1.25, or 4.94 percent. The 52-week high of the share was Rs 30.75 and the 52-week low was Rs 9.80.
The latest book value of the company is Rs 47.33 per share. At current value, the price-to-book value of the company was 0.51.
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