To understand the “expectation- fulfilment” reaction to the Budget, one has to understand the prevalent mood in the infra sector.Frankly, it is downbeat. The sector has been battling the triple-whammy effects of depleting order books, broken cash cycles and high debt-leveraging for almost a year and a half. Infra assets are on sale, private equity firms are disillusioned and a few corporations have gone in for corporate debt restructuring.