Small road firms to face EPC hurdle as hybrid-annuity model takes back seat – Business Standard

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With road construction under the hybrid-annuity model expected to take a back seat next year, mid-sized companies such as Gawar Construction, Dilip Buildcon and Ashoka Buildcon, may lose the top positions in the sector.

These companies emerged winners, as the focus shifted to hybrid-annuity — in which a majority of the financial risk is borne by the Union government. “Hybrid-annuity would be dormant in the next fiscal as the sector’s ability to absorb more of it is restrained,” Ankur Agarwal, senior analyst, India Ratings and Research, …

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