Infrastructure stocks fall even as Budget offers sops
Shares of infrastructure companies remained indifferent to budgetary sops announced by the acting Finance Minister Pranab Mukherjee.
By ET Bureau |
MUMBAI: Shares of infrastructure companies remained indifferent to budgetary sops announced by the acting Finance Minister Pranab Mukherjee.
The UPA Government, in its last budget proposal before elections, has announced a slew of programmes to give a leg up to the cash-strapped infrastructure sector.
Amongst several 'sector boosting measures' are allowing IIFCL (India Infrastructure Finance Company Ltd) to raise Rs 40,000 crore (in several phases) to strengthen the nation-building process. The government has cleared 54 new infrastructure projects under public private partnership with an investment of Rs 67,700 crore
At 11.49 AM, Gammon Infra (up 0.6% at Rs 58), Reliance Infrastructure (down 5.1% at Rs 539.90), BL Kashyap (down 0.8% at Rs 152), IDFC (down 2% at Rs 56.8), GVK Power & Infras (down 5.4% at Rs 20.86) and L&T (down 2.1% at Rs 686.35) were witnessing some selling pressure.
The UPA Government, in its last budget proposal before elections, has announced a slew of programmes to give a leg up to the cash-strapped infrastructure sector.
Amongst several 'sector boosting measures' are allowing IIFCL (India Infrastructure Finance Company Ltd) to raise Rs 40,000 crore (in several phases) to strengthen the nation-building process. The government has cleared 54 new infrastructure projects under public private partnership with an investment of Rs 67,700 crore
At 11.49 AM, Gammon Infra (up 0.6% at Rs 58), Reliance Infrastructure (down 5.1% at Rs 539.90), BL Kashyap (down 0.8% at Rs 152), IDFC (down 2% at Rs 56.8), GVK Power & Infras (down 5.4% at Rs 20.86) and L&T (down 2.1% at Rs 686.35) were witnessing some selling pressure.
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