On the order inflow front, YTD order inflows during H1 were at | 3766 crore on account of elections and slow pick up in ordering. While the guidance of | 17000 crore order inflow target looks too much to achieve, we expect L1 status of | 5000 crore while gradual improvement in H2FY20E will enable KEC to bag | 12226 crore for FY20E. Key ordering opportunities are expected to come in from Brazil (tender worth $1 billion likely to open from December 2019 onwards), Saudi, Kuwait, South Asia. On the domestic front, railway is expected to further push growth momentum in H2FY20 while...