Infrastructure sector needs investment up to USD 1 tln in 2-3 yrs: NIIF chief

Infra investments declining since 2012-13

by Natasha Nadkar

The infrastructure sector needs an investment of USD 800 billion to USD 1 trillion in the next two to three years, according to the National Investment & Infrastructure Fund (NIIF) chief executive Sujoy Bose. He said that resources are required both in tangible infrastructure assets as well as de-leveraging by companies saddled with high debt. There was hubris from 2004-05 to 2011-12 which witnessed poor underwriting that hurt banks later through bad assets on books and companies getting leveraged a lot higher. The NIIF chief added that there has been a decline in the infrastructure sector investments from 2012-13 onward. He urged the private sector to do more, stating that the government is currently leading the investments. The NIIF is planning to raise a 25-year money, given the long term gestation of the infrastructure projects it invests in.

References
1. https://www.business-standard.com/article/economy-policy/infra-needs-up-to-usd-1-trillion-investment-in-2-3-years-niif-118061101129_1.html
CMIE STATISTICS
Unemployment Rate
Per cent
6.2 -0.0
Consumer Sentiments Index
Base September-December 2015
102.0 +0.6
Consumer Expectations Index
Base September-December 2015
101.2 +0.5
Current Economic Conditions Index
Base September-December 2015
100.0 +0.5
Quarterly CapeEx Aggregates
(Rs.trillion) Sep 17 Dec 17 Mar 18 Jun 18
New projects 1.31 1.51 3.41 2.32
Completed projects 1.26 1.16 1.57 0.91
Stalled projects 0.69 0.88 3.44 0.30
Revived projects 0.34 0.24 0.26 0.22
Implementation stalled projects 0.78 0.71 1.92 0.04
Updated on: 19 Aug 2018 8:20PM
Quarterly Financials of Listed Companies
(% change) Sep 17 Dec 17 Mar 18 Jun 18
All listed Companies
 Income 7.9 12.0 9.7 16.3
 Expenses 9.0 13.0 16.2 19.4
 Net profit -18.0 -14.3 -80.1 3.7
 PAT margin (%) 5.5 4.8 1.2 5.5
 Count of Cos. 4,508 4,503 4,360 4,026
Non-financial Companies
 Income 8.2 13.3 11.1 18.5
 Expenses 8.2 12.4 11.7 20.3
 Net profit -6.0 13.2 1.8 33.5
 PAT margin (%) 6.2 6.4 6.6 7.2
 Net fixed assets 9.2 11.8
 Current assets 2.9 7.2
 Current liabilities 11.0 10.4
 Borrowings 3.4 1.9
 Reserves & surplus 7.9 7.2
 Count of Cos. 3,464 3,471 3,372 3,173
Numbers are net of P&E
Updated on: 19 Aug 2018 8:20PM
Annual Financials of All Companies
(% change) FY15 FY16 FY17 FY18
All Companies
 Income 5.6 1.9 6.0 10.3
 Expenses 5.7 2.0 6.0 12.3
 Net profit 0.0 -9.7 25.0 -29.9
 PAT margin (%) 3.0 2.8 3.4 4.4
 Assets 9.5 10.2 7.6 13.2
 Net worth 8.5 11.3 7.9 12.8
 RONW (%) 5.8 4.9 5.8 6.8
 Count of Cos. 26,186 24,491 22,087 922
Non-financial Companies
 Income 4.9 1.1 5.8 9.7
 Expenses 5.1 0.5 6.1 8.6
 Net profit -9.4 19.9 19.8 6.0
 PAT margin (%) 2.0 2.4 2.9 7.7
 Net fixed assets 13.3 22.1 7.3 23.5
 Net worth 7.0 12.0 7.0 10.5
 RONW (%) 4.6 5.1 5.9 13.8
 Debt / Equity (times) 1.1 1.1 1.0 0.4
 Interest cover (times) 1.9 1.9 2.1 6.5
 Net working capital cycle (days) 66 65 62 28
 Count of Cos. 21,360 20,505 18,408 712
Numbers are net of P&E
Updated on: 19 Aug 2018 12:26PM