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[부동산] Covid-19의 두 번째 물결은 대형 건설 회사의 신용 프로필에 영향을 미치지 않을 것입니다 : ICRA
[INDIA REAL ESTATE NEWS] Good morning everyone I am Rumi Dhar from Kama Group.
Here I have important INDIA real estate news to share with you which is as mention under.

The ongoing second wave of Covid-19 may cause some disruptions in the overall construction
activity in the country, the performance of most mid and large-sized construction companies is
not expected to be materially impacted due to this, said ratings agency ICRA

The credit profile of construction companies expected to remain resilient to short-term
disruptions supported by their ability to ramp-up execution. However, continued deterioration
of Covid situation resulting in widespread lockdowns remains a risk.

Furthermore, unlike the first wave, there is no nationwide lockdown and only localised
lockdown/restrictions with exemption for construction activities. Nevertheless, projects which
are located within the urban areas such as metro-rail projects, building construction etc are
likely to feel a greater impact due to localised restrictions and reverse migration of labour.

Prior to the second wave of Covid-19, the construction sector had started witnessing strong
recovery and pace of execution had crossed the pre-Covid levels as reflected in the
construction GVA growth of 6.2 per cent in Q3 FY2021, and estimated growth of 8.4 per
cent in Q4 FY2021.

Abhishek Gupta, Assistant Vice-President and Sector Head, ICRA, said: “the Government is
not considering nation-wide lock down yet, given the severe economic fallout of disrupting
major economic activities. With this, the reverse migration of labour has also been significantly
lower thus far, compared to that witnessed during the first wave.”

The recent sharp spike in the Covid-19 cases does increase the risk of restrictions on
construction activities at the localised level and curtail labour availability at project sites,
which could cause short-term disruptions in construction activities.

ICRA expects recent disruptions to be limited and short-tenured, and hence has not revised
its revenue growth estimates of 15-20 per cent for FY2022.




Read more at:
https://economictimes.indiatimes.com/industry/indl-goods/svs/construction/second-wave-of-covid-19-unlikely-to-impact-large-construction-companies-credit-profile-icra/articleshow/82256751.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

KAMA GROUP
New Delhi
Have a nice day

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