Revenue growth of road developers in EPC segment may be halved in FY’20, FY’21: Crisil

New Delhi: Road developers in the engineering, procurement and construction (EPC) segment could see their revenue growth halve in the ongoing fiscal and the next, Crisil Ratings said on Wednesday. The decline would be largely due to slower awarding of projects and delayed receipt of ‘appointed date’ – which is the kickoff date for start of a project – from the National Highways Authority of India (NHAI), Crisil said in a statement.

“Road developers…could see revenue growth halve in fiscals 2020 and 2021 to 15 per cent, compared with 30 per cent in fiscal 2019,” it said.