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Construction Firms May Be Better Placed To Weather This Slowdown
But a quick recovery from the coronavirus impact is crucial for the construction sector as they employ 49 million people in India.
24 Apr 2020, 12:23 PM IST
Construction companies, preparing to resume work after the government eased some lockdown restrictions, may be bracing for a hit on their finances in the ongoing fiscal. Yet, they may be in a better position to weather the challenges than in the past.The sector, already grappling with lower capex amid rising fiscal stress, could face first contraction in operating margins since 2013-14 because of the Covid-19, Edelweiss Securities sa...
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