India Inc reaps gains from higher infra spend: Deutsche Bank

Deutsche Bank said increasing infrastructure spending through revival of targeted public spends has been an important part of the government’s economic strategy. Though there was an initial scepticism on the success of this strategy, the progress — particularly in the power, coal, road, and railways sectors — is now becoming visible, and has also started showing tangible results.

The brokerage said one may witness corporate style system of target setting, and more importantly intense and regular review of progress on key targets in some of the infrastructure-related ministries.

According to the investment house, the stock beneficiaries from the government’s thrust on infrastructure space are — NTPC, UltraTech, Shree Cement, Ashok Leyland, M&M, HPCL, BPCL, Hindalco, BHEL, Cummins India and SKF India.

(Additional inputs by Ramanatha Pai)