Ind-Ra maintains stable outlook on infra sector in FY20

MUMBAI: India Ratings and Research has maintained a stable outlook on the infrastructure sector, except thermal power, for financial year 2020. According to the rating agency, despite reasonable energy demand, fuel supply-related issues and constricted demand restrain plant load factor of thermal plants to around 62 per cent. "We have maintained a stable outlook on the infrastructure sector for FY20 mainly on the back of stable economic growth, which underpins road and airport traffic volumes," its director Global Infrastructure Siva Subramanian said.