T&D players gain from rising demand
ABB, Siemens, Alstom gain from equipment focus
News of KEC International bagging orders worth Rs 1,036 crore lifted its stock price around three per cent in Thursday’s trade. While the order win is positive, a closer look reveals that around 60 per cent of orders came from West Asian countries.
In fact, over the past few years, KEC has seen a steady increase in order flows from foreign countries. Such orders grew from 44 per cent of total order book in financial year 2011-12 to 47 per cent in FY16. While KEC always had a fair exposure to foreign orders, Kalpataru Power Transmission increasing its foreign presence is an interesting ...
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First Published: Thu, June 23 2016. 21:35 IST