Sales for Q2FY21 came in flat at Rs18.8bn, largely in line with our estimates, as company successfully restored labor availability and normalcy of supply chain; majority of projects are currently operating at pre-COVID levels. EBITDA came in flat at Rs2bn while EBITDA margins were stable at 10.7%. The company has an order book of Rs.123bn with a split of ~40% orders from O&G; and Rail business The company is looking at an ordering pipeline of Rs140-150bn in the domestic space. Along with Oil & Gas and Railways, it is targeting a full...