Contractors work towards revival
01 Jul 2020
In Part 2 of this article, CW speaks to construction contractors to understand their challenges and expectations going forward.
In general, the pandemic and subsequent nationwide lockdown disrupted the growth of infrastructure companies for FY2020. It is estimated that 85 per cent of infra companies expect a substantial hit to revenues of about 55-65 per cent in the April-June quarter.
With the entire country in a lockdown, all construction work across most of Larsen & Toubro’s (L&T) projects came to a grinding halt. Only a few projects continued, providing essential services like its O&M commitments to keep water infrastructure facilities functioning; at a few other projects, at the behest of the clients involved, India’s largest construction c