Autonomous Trucks
This is backed by a healthy order book, which is expected to remain 3-3.5 times' revenue over the medium term. These companies will focus on asset monetisation, which will enable them to maintain their credit profiles while scaling up. The capital so unlocked will be available to accelerate awarding of projects under the NHAI's ambitious Bharatmala Pariyojana, and support growth of road EPC companies. "The resilience of BOT-toll assets last fiscal renders them ripe for monetisation. That also curbed any ratcheting up of debt by these road EPC companies.While credit profiles of the road EPC companies will remain comfortable, the sustenance in economic activity amid the ferocious second wave of the pandemic will require close monitoring.Any prolonged impact on traffic would hinder the timelines of asset monetisation in the near term.