Revenue growth to halve for EPC road cos through FY21
Road developers in the engineering, procurement and construction (EPC) segment could see revenue growth halve in fiscals 2020 and 2021 to ~15%, compared with 30% in fiscal 2019, a CRISIL study of 75 companies it rates in this sector indicates.
Between 2018 and 2020, nearly 19 million tonne of capacity addition in ethylene is expected, compared with demand growth of 15-16 million tonne. This should lead to a net surplus of 3-4 million tonne over the next two years.
Analytica