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Rratings agency CRISIL said that the debt burden of road developers will increase due to sizeable equity commitments in under-construction projects and rising working capital requirements.
Revenue in the major states is likely to grow at a moderate rate of 7-9% this fiscal year.
The COVID-19 easing projects such as the restructuring dispensation and the Emergency Credit Line Guarantee Scheme (ECLGS) will help curb the rise.