During 3QSY20, the company incurred Rs2.3bn of additional cost related to Covid-19 which resulted to an operating loss. Siemens Ltd (SIEM) reported weak set of numbers primarily led by deferment in offtake by customers, slowdown in short-cycle business and weak demand environment from large infrastructure projects. As per our estimates, order inflows came in at ~Rs19bn (down 37% YoY) on account of delay in ordering activity as orders deferred due to various reason such as re-negotiation of...