West Coast refinery may slip to FY19: With Rs77 bn in order backlog, (~4x Book Bill for FY18E revenue) the visibility is closer to all-time best. The major ongoing projects include, but not restricted to, are: BSVI and other expansion work for IOCL, CPCL, HMEL, MRPL and BPCL. AS we know that Bharat Petroleum Corporation, Hindustan Petroleum Corporation and Indian Oil Corporation have signed a Consortium Agreement on December 07, 2016 to carry out pre-project activities for setting up of West Coast Refinery and a Petrochemical Project of 60 MMTPA capacity. And thankfully, Maharashtra Govt. has identified and acquired the land. Thereby, we think ENGR has a strong pipeline and backlog that can flip the fortunes. But this...