Analysts bet on EPC firms in road infra

Players with a strong balance sheet, execution track record, and robust asset portfolio would be key beneficiaries

The infrastructure sector remains in a sweet spot given the government’s focus on awarding new projects and ramping up execution of existing ones, especially in the roads segment. The announcement on the Bharatmala scheme in October-end has only provided fresh triggers. Analysts at Motilal Oswal Securities (MOSL) say for the past three years, the government has been ironing out issues, which have been hampering the roads sector. It has cleared bottlenecks through suitable policy changes and there are early signs of revival in the sector for some time now. Players with a strong balance sheet, execution track record, and robust