Favourable election outcome and continuation of government policies augur well for the construction sector and after the elections a huge overhang has been lifted as we now await activity from the NHAI side. In the absence of private capex, government's continued thrust on infrastructure investment is one of the few engines left to push the GDP growth of the country. While FY19 was a weak year for road awards, various issues like availability of funding, burgeoning debt of NHAI and balance sheet strength of the construction companies cast shadow on whether this sector is poised for next level of growth or no? In this report, we have looked at whether NHAI has more room to fund investments in the...