India's infrastructure stocks rise as govt unveils $1.4 trln investment plan

Reliance Infrastructure

01/01/2020 05:13

** Indian infrastructure stocks rise after Finance Minister
Nirmala Sitharaman unveiled plans for major investments in the
sector in an attempt to revive economic growth
    ** Under the National Infrastructure Pipeline, a total
expenditure of 100 trillion rupees ($1.4 trillion) is projected
over the next five years for various projects
    ** "Availability of funds may turn out to be a key limiting
factor for such an ambitious plan," Motilal Oswal says in a
research note
    ** The federal government and states are expected to bear an
equal share of 39% each of capital expenditure undertaken while
the remaining 22% will be from the private sector 
    ** Ashoka Buildcon Ltd  ABDL.NS , Bharti Infratel Ltd
 BHRI.NS  and Reliance Infrastructure Ltd  RLIN.NS  up 1.12%,
1.50% and 4.93%, respectively
    ** The Nifty Infrastructure index  .NIFTYINFR  up 0.54%
   ($1 = 71.3000 Indian rupees)

 (Reporting by Philip  George in Bengaluru)
 ((P.George@thomsonreuters.com; within U.S. +1 646 223 8780,
outside U.S. +91 80 6749 1609; Reuters Messaging:
p.george@thomsonreuters.net))