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FTSE Group (“FTSE”), the award-winning global index provider, and Infrastructure Development Finance Company Limited (“IDFC”) today announce that Thermax Limited will replace Container Corporation of India in the FTSE IDFC India Infrastructure 30 Index, following the semi-annual review of the FTSE IDFC India Infrastructure Index Series.
The growth of the Indian economy has stimulated both domestic and global investor interest in the Indian infrastructure sector. Created in 2007, the FTSE IDFC India Infrastructure Index Series provides unique access to the infrastructure-related subsectors of the Indian market and is designed to represent the performance of those Indian companies that generate the majority of their revenue from infrastructure.
The five largest constituents of the index include:
|
Rank |
Constituent Name |
ICB Supersector |
Net Market Cap (USDm) |
Weighting |
|
1 |
Bharti Airtel |
Telecommunications |
5,959.20 |
13.48% |
|
2 |
NTPC |
Utilities |
5,576.71 |
12.62% |
|
3 |
Larsen & Toubro |
Construction & Materials |
3,569.96 |
8.08% |
|
4 |
Bharat Heavy Elect .LS |
Industrial Goods & Services |
3,163.55 |
7.16% |
|
5 |
Power Grid Corp of India |
Utilities |
2,996.95 |
6.78% |
|
|
Total |
|
21,266.37 |
48.12% |
Source: FTSE Group, data as at 29 February 2012
The FTSE IDFC India Infrastructure Index Series utilises the definitive global classification standard – Industry Classification Benchmark (ICB) – to accurately classify Indian infrastructure securities. The transparent and comprehensive classification system enables categorisation of individual securities across four levels of granularity; Industry, Supersectors, Sectors and Subsectors and covers a universe of 75,000 stocks worldwide, including India, in one single data source.
The series is reviewed semi-annually in accordance with the index ground rules which ensure both the tradable FTSE IDFC India Infrastructure 30 Index and the benchmark version (FTSE IDFC India Infrastructure Index) continue to accurately represent the investable universe for the basis of index-linked products, such as funds, structured products and Exchange Traded Funds (ETFs)
All constituent changes take effect at the start of business on 19 March 2012 and the next review will take place on 7 September 2012.
For more information about the FTSE IDFC India Infrastructure Index Series, including performance, constituent and sector data, please visit:
http://www.ftse.com/Indices/FTSE_IDFC_India_Infrastructure_Index_Series/index.jsp
