India Ratings maintains negative outlook on infra sector in FY-18

Toll roads, thermal and wind power drag down overall outlook for the sector

Fitch Group's India Ratings and Research agency maintained a negative outlook on the infrastructure sector for the financial year 2017-18 (FY-18) with varied outlooks on the individual sectors.

Toll roads, thermal and wind power continued to pull the overall sector outlook down with the ratings agency predicting a further two per cent fall in plant load factor of thermal power capacity. Also, the agency sees an absence of capacity addition in wind power going forward, owing to the grid parity in pricing being achieved by the solar sector and the surplus power situation in major states.

The ratings agency on Tuesday released