EPC companies raise concern over longer payment cycles for water projects

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EPC companies raise concern over longer payment cycles for water projects - Business Standard

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The country’s engineering, procurement and construction (EPC) firms have highlighted longer payment cycles, and related working capital cycle deterioration in the water segment.

With the election season ending and an extension and budgetary allocation for the Jal Jeevan Mission scheme, industry executives see this as a short-term pain.“Since funds were stopped for some time with respect to water projects funded under the Jal Jeevan Mission, there were some stoppages,” said a senior executive from Larsen & Toubro (L&T), in a post earnings call in January.