Construction Sector Will Face Significant Near-term Cash Flow Stress Due To Covid-19 impact: ICRA

Mumbaim NFAPost: The Indian construction industry is facing new challenges due to the growing threat of Covid-19. As the government announced the lockdown till April 14, construction-related companies rated in non-investment grade (BB category and lower) are likely to face liquidity pressure over the next few months. The Covid-19 pandemic impact has resulted in stalling of activity and this…
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