Please pardon my writing skills, tried to summarize Nuvama notes below.
MD highlights favorable prospects amid a macro capex revival in power T&D, railways, renewables, etc.
Strong outlook,better positioning and lower competition (Chinese players exited the market)
Participating in INR37bn tenders with a 20-22% success rate, an INR21.5bn order book (1.6x FY23 sales),
Targeting 20-25% exports mix by FY26E/27E, and planned capex for solar and green hydrogen transformers.
Sees potential growth in sectors like railways, data centers, renewables, and green hydrogen, constituting new growth areas.
Outlook emphasizes capacity expansion and a focus on exports.
Any details available related to their renwable, greenhydrogen projects ?
| Subscribe To Our Free Newsletter |
