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05 Jul 2016
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Capital Goods
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Phillip Capital
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New project announcements decline 23% yoy adjusting for projects with low visibility: Newprojectsannouncedin1QFY17(Rs1246bn)wereflatyoy.However,adjustingforafew large size projects with limited visibility (Rs 200bn steel plant expansion by Bhushan Steel and Rs 100bn fertilizer plant by China Huanqui), new project announcements declined sharply by 23% yoy. Cumulative projects announced are now at Rs 58tn (+10% yoy). Manufacturing (Rs 575bn, particularly chemical products), transport services (Rs 28bn, primarily road) and rail (Rs 63bn) accounted for 54% of these new announcements. By ownership, the private sector accounted for 73% of new project announcements. Key...
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27 Apr 2016
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Capital Goods
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Phillip Capital
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Raids, blacklists, and bans haunting the sector INDIA | INFRASTRUCTURE | Sector Update It's raining bans and raids! In the last four months, three companies in the listed...
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11 Apr 2016
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Capital Goods
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Phillip Capital
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base, but were still materially lower than the peak of Rs 11bn achieved in FY12. Pricing continuestobeweak(2%yoy),despitethemarketgrowing.Domesticplayershavegained shareinFY16vs.FY15,withSiemensleadingmarketshareat35%....
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08 Apr 2016
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Capital Goods
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HDFC Securities
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Capital Goods: 4QFY16E Results Preview
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08 Apr 2016
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Capital Goods
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Phillip Capital
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base, but were still materially lower than the peak of Rs 11bn achieved in FY12. Pricing continuestobeweak(2%yoy),despitethemarketgrowing.Domesticplayershavegained shareinFY16vs.FY15,withSiemensleadingmarketshareat35%....
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04 Apr 2016
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Capital Goods
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Phillip Capital
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yoy. New project announcements in Q4FY16 were up after two consecutive quarters of decline.CumulativeprojectsannouncedarenowatRs58tn(+13%yoy).Manufacturing(Rs 1043bn),powergeneration primarily renewable energy projects (Rs 595bn) and road...
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01 Apr 2016
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Capital Goods
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Phillip Capital
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four types of howitzers. Of which the Ultra Light Gun (M777) will be procured from BAE Systemsaspartofagovernmenttogovernmentdeal.Ordersfortheotherthreegunswillbe placedonlocalcompanies.IntheTrackedHowitzerprogramme(100guns;Rs4550bn)L&T;...
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30 Mar 2016
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Capital Goods
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Motilal Oswal
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29 Mar 2016
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Capital Goods
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Phillip Capital
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The Ministry of Defence today published the Defence Procurement Procedure 2016 (DPP 2016),apolicyframeworktosimplifydefenceprocurementprocedureandtogiveaboostto MakeinIndia'initiativeoftheGovernmentofIndia(GoI).ThenewDPPlargelyfollowsthe...
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28 Mar 2016
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Capital Goods
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Motilal Oswal
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