FY20 Infra Outlook: Stable economic growth underpins traffic volumes

摘要

India Ratings and Research (Ind-Ra) has maintained a stable outlook on the infrastructure sector, except thermal power, for FY20 on the back of stable economic growth, which underpins road and airport traffic volumes. Despite reasonable energy demand, fuel supply-related issues and constricted demand restrain plant load factor (PLF) of thermal plants (around 62%).