Permitting tax free bonds positive for infra: Ramky Infra

Post budget reaction by Goutham Reddy- Executive Director, Ramky Group.

Talking Points:

• Increase in infra spending
• Increase in FII limit for infra bonds
• Permitting tax free bonds through Railways, NHAI and other step very positive for Infra
• Poor allocation for environment will make them continue as regulators and not benefit environment protection
• Social scheme like NAREGA to be continued as a burden on country and should be appropriately substituted with rural infra
• Fiscal deficit is a great improvement despite being a misnomer as we are comparing budget with GDP
• While the bold step of nutrient based subsidy is encouraging and will help compost
• Substantial delay on implementation is a concern.

About Ramky Infrastructure:

Ramky Infrastructure Ltd (RIL), the flagship company of Ramky Group is an integrated construction and infrastructure development, and management company. The Company operates in the field of construction and infrastructure projects in sectors such as water and waste water, transportation, irrigation, industrial parks, SEZs, power transmission and distribution, residential, commercial and retail property more than a decade.

RIL is currently executing over 200 projects in various segments viz. Water and Waste Water, Buildings, Irrigation, Power Transmission and Distribution, Roads and Bridges, and Industrial Construction projects valued over Rs 16,500 crore, across 22 States and two Union Territories in India making it a diversified national player.

Core competence of RIL comes from its deep technical knowledge, management bandwidth, skilled workforce, early entrant advantage and value engineering the Company provides.