The electromechanical projects & services (EMPS) segment is likely to record flattish growth in the near term owing to bidding of quality orders. Voltas expect a significant rise in government expenditure on infrastructure (metros, airports), smart cities, cleaner water, healthcare and educational institutions that are expected to increase opportunities in the projects segment. Hence, it is likely to focus more on domestic projects compared to overseas. With order execution cycle of one to one and a half years, the current order book of ~ | 5000 crore indicates revenue visibility in the next...