Construction execution picks up, rich order inflows to aid recovery April 06, 2021 × Projecting a pick up in the country’s engineering, procurement and construction (EPC) sector in FY 2022, India Ratings expects that the rich order inflows into the sector will aid recovery of the sector hit by the panedemic. Order book revenue visibility increased 3.1x the revenue on trailing twelve-month due to higher order allocations in almost all segments. It expects roads, buildings, railways and irrigation related segments to see major order inflows in FY22, backed by rich budgetary allocations. Ind-Ra in its FY22 construction outlook has revised the sector outlook to improving from negative, based on the rich budgetary allocations which would result in huge order inflows coupled with better execution rates.