See a lot of groundwork regarding river linking project: Sadbhav Engineering

A recent note by PhillipCapital reveals that water infrastructure can be the next big theme given the eleven lakh crore national river linking project that envisions connecting 37 rivers through 30 links comprising of a network of over 50 dams and more than 15,000 kilometres of canals.

But how soon and by how much can it move the needle for infrastructure companies and which players are best suited to make use of this opportunity?

In an interview to CNBC-TV18, Nitin Patel, ED of Sadbhav Engineering and Vibhor Singhal, Analyst at PhillipCapital shared their views and readings on the same.

Singhal said river linking concept was first envisaged in 1977. The government (BJP) realised that they need to do something to increase the irrigation area in the country as well as control the floods and droughts which occur every year.

He further said that ever since the government came into power from 2014, a lot of background work has been done. No project has been awarded as yet.

Nitin Patel of Sadbhav Engineering sees a lot of work on the ground regarding river linking project.

According to him, irrigation projects will also get a fillip as part of this project.

Talking about margin, he said margins on water infrastructure business to improve going ahead.

Watch accompanying video for more details.