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23 Mar 2016
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Capital Goods
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Motilal Oswal
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02 Mar 2016
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Capital Goods
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Phillip Capital
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The project initially faced hiccups in the form of finalising of the business model, which caused about 12 months of delays. However, given the government and Prime Minister's specialfocusontheproject,theseaspectsarelikelytomoveatafastpacefromhere(1)...
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17 Feb 2016
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Capital Goods
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Phillip Capital
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Sell
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Hyosung (Korea) is setting up its factory for Gas Insulated Switchgears (GIS) in Pune expectstocommissionitbyMay2016andshipoutthefirstproductbyAugust2016.This bodes well for companies such as Alstom T&D;, that lost out on orders due to their price...
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14 Jan 2016
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Capital Goods
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HDFC Securities
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Capital Goods: 3QFY16E Results Preview
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04 Jan 2016
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Capital Goods
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Phillip Capital
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order from Interglobe aviation (Indigo Airlines). Adjusting for that order new project announcementswerestilllowerby60%yoy.NewprojectannouncementsinQ3FY16were the lowest in the past six quarters. Cumulative projects announced are now at Rs 56tn...
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21 Dec 2015
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Capital Goods
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Phillip Capital
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We met an MNC watertreatment EPC company and learnt that while the order pipeline improvedoverthepast912months,pricingintheseorderswashighlycompetitive;players won by quoting prices that would yield 0% margins. New orders pipeline for FY17 looks...
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03 Dec 2015
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Capital Goods
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Phillip Capital
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We met RajasthanRenewable Energy Corporation Ltd (RRECL) to get a perspective on the progress of renewable projects in Rajasthan. RRECL is astate nodal agency for promoting anddevelopingnonconventionalenergysourcesinRajasthan.Rajasthancurrentlyaccounts...
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05 Oct 2015
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Capital Goods
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Phillip Capital
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New project announcements increased for the fifth consecutive quarter: New projects announcedin2QFY16wereup23%yoytoRs3.5tnandcumulativeprojectsannouncedare now at Rs 55tn (+24% yoy). Manufacturing (Rs1.64tn), electronics (Rs804bn), and power...
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09 Apr 2015
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Capital Goods
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HDFC Securities
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Capital Goods & Power : 4QFY15E Results Preview
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