According to a report by leading investment bank Goldman Sachs, Reliance Infrastructure currently has about $3 billion of projects under construction or implementation and has high visibility for winning about $4.2 billion worth projects over the medium term.

The bullish trend in the order book position of Reliance Infrastructure is largely in line with the 11th Five Year Plan of the country, which highlights that an investment of $500 billion is needed in the infrastructure sector, primarily in power, roads, railways, water, ports and airports.

The report further said going forward, Reliance Infra is likely to benefit from the opportunities that may arise for the private sector in the infrastructure space, on account of its strong cash position and low gross debt to equity ratio.

Though the company's order book is dominated by the power segment, it is building expertise to undertake projects in sectors such as urban infrastructure, cement, steel and airports.

S:BL