Infrastructure Push – Positive for EPC Companies (Positive)

News: Cabinet approves ₹30,000 crore of fresh investment in NIIF, benefiting infrastructure and power EPC companies including $LT , $KEC , $NCC , and $GENUSPOWER Our View: The additional capital allocation reinforces the government's commitment to infrastructure-led economic growth. Higher funding through NIIF is expected to accelerate project execution, improve order inflows, and sustain a healthy capex cycle. Large EPC players with strong execution capabilities are likely to be among the biggest beneficiaries over the medium term, supporting earnings growth and order book visibility.