Awarding activity up ~15% y-o-y in August

By: |
October 5, 2020 2:45 AM

New tenders worth Rs 439 bn were floated in the month; while down ~20% y-o-y, this was higher than the FY20 average of ~Rs 432 bn.

Of these, the private sector accounted for announcements worth ~Rs 296 bn.Of these, the private sector accounted for announcements worth ~Rs 296 bn.

Investments worth ~Rs 581 bn were announced in the infrastructure sector in Aug’20 (down ~26% y-o-y).

Of these, the private sector accounted for announcements worth ~Rs 296 bn. New tenders worth Rs 439 bn were floated in the month; while down ~20% y-o-y, this was higher than the FY20 average of ~Rs 432 bn.

At ~Rs 180 bn, Aug’20 awards were ~15% higher y-o-y and ahead of the past 24 months’ average awarding of ~Rs 175 bn.

Get live Stock Prices from BSE, NSE, US Market and latest NAV, portfolio of Mutual Funds, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.

Next Stories
1Digital 2.0: Shaping business success in new normal; why compassion is more important now
2SpiceJet dues: Maran moves Delhi HC against non-payment of Rs 243 crore by Ajay Singh
3Bajaj Auto net profit dips 19% to Rs 1,138 crore in Q2