Photo: Indranil Bhoumik/MintMumbai: Infrastructure firms have returned to the fundraising market after a gap of almost a year as orders surge and the outlook for the sector improves. Four infrastructure developers—NCC Ltd, Gayatri Projects Ltd, ITD Cementation Ltd and MEP Infrastructure Developers Ltd—have raised more than Rs1,200 crore by selling shares to institutional investors this year. In 2017, 43 companies raised Rs56,152 crore through QIPs, according to data from primary market tracker Prime Database. There is a strong order flow. This activity has been building up for the past one-and-a-half years and so today we see firms with strong order books,” said Girish Nadkarni, managing director at investment banking firm Motilal Oswal Investment Advisors.

Source: Mint April 01, 2018 21:33 UTC