Rating agency Crisil on Wednesday upgraded Shriram Transport’s long-term debt facilities. The company's managing director, Umesh Revankar expects non performing loans (NPLs) to decline by the second half of this year.
As the economy grows, rural and urban transport demand will also pick-up, which will improve the company's operational efficiency, Revankar told CNBC-TV18.
The company sees higher rural demand for commercial vehicles than tractors, he said, adding that the cement and steel segments are yet to show any activity on the ground level.
Recent schemes of the government like Smart Cities mission will lead to growth in the infrastructure sector in 2015-16, he said.