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'Infra cos to triple investors' wealth'

The next wave of revolution in the country, `Grey Revolution' would see an investment of Rs 14 lakh crore.

india Updated: May 18, 2006 16:57 IST

Fuelled by Rs 14 lakh crore investments in the infrastructure sector over next six years, shares of companies in the sector could offer returns of 300 per cent by 2010 to investors, according to financial services firm Edelweiss.

The next wave of revolution in the country, `Grey Revolution' would see an investment of Rs 14 lakh crore and companies in the sector would see a 2.7 times growth in their profits. Also, the combined market capitalisation of these companies would triple to USD 190 billion from the current $64 billion, Edelweiss Infrastructure Report said.

"The need for infrastructure is more than an opportunity than a risk for the growing economy of our country. Infrastructure is now a national priority. The blueprints are in place and it is ready to take off. This is going to be a long story," Edelweiss MD and CEO Rashesh Shah said.

Edelweiss expects 87 per cent of the investments to come from household and corporate savings and the balance from Foreign Direct Investments. The Infrastructure Report is aimed at bringing out companies beyond the obvious beneficiaries of this infrastructure boom.