T&D; business to move on path to recovery Muted T&D; execution owing to delays few projects impacted revenue to | 2434 crore, down 1.3% YoY while SAE revenue grew 3.9% to | 319 crore. For the quarter, KEC's order inflow came in at | 4659 crore while FY19 order inflow stood at | 14084 crore. T&D; contributed 62% while railways segment contributed 22% to order inflows. The unexecuted order book as on YTDFY19 was at ~ | 24000 crore, (including L1 position). We build in order inflow growth CAGR at 10% over FY19-21E with order inflow worth | 16100...