Revival in the infrastructure companies
The mid- and small-size capital goods and infrastructure companies are starting to experience a revival in the demand, especially from the public sector, as well an economic recovery—however strenuous has begin to take the hold.
They include the civil contractor and the infrastructure builder Ahluwalia Contracts (India) Ltd; Shakti Pumps (India) Ltd, a maker of solar and agricultural pumps and electric motors; KEC International Ltd which is a power transmission engineering, procurement and construction firm; and Transformers and Rectifiers (India) Ltd.
The New Delhi-based Ahluwalia Contracts expects a 20 percent increase in revenue in the year to next 31 March on the back of a strong order book, said S.K. Sachdeva, executive director of finance. The company has an estimated amount of Rs 3,350 crore of orders on hand and has bid for a total of Rs 1,500 crore more of projects. Around 50 percent of the orders are from the public sector, he said.
The revival in the infrastructure companies has been experienced due to the sudden increase demand of the people.
Source: Mint
Ahluwalia Contracts (India) Ltd, Construction firm, KEC International Ltd, Shakti Pumps (India) Ltd, Transformers and Rectifiers (India) Ltd
