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We have a lower cost structure than IndiGo: Ben Baldanza of Go First


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Budget 2021: Govt lays out Rs 5.54 trn for capital creation in infra sector


Infrastructure companies are enthused by the announcements made by the finance minister in the Budget on Monday as the government laid out Rs 5.54 trillion for capital creation in the sector. This, according to the sector’s chief executive officers (CEOs), will result in more orders.
It also brought cheer to the auto sector, given that the scrappage policy will help revive demand for new cars and trucks, felt corporate leaders from the sector.
The government allocated Rs 1.18 trillion for the roads and highways sector and another Rs 18,000 crore to public transport.
About 8,500 km of road and highway projects are being planned to be awarded by March 2022. These include the new road corridor projects. The corporate leaders said this will help companies like L&T-IDPL and IRB Infra­structure, which are bidding for new road projects. The orders from road and railway projects will also increase demand for cement and steel companies like Ultratech and Holcim. ....

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