ORDERBOOK
Suzlon investing Rs 550 crore to set up 3 AI-powered wind blade factories in Gujarat, Karnataka, Tamil Nadu
Suzlon Group plans to invest Rs 550 crore in three new AI-powered blade factories across India. These facilities will enhance production capabilities and meet rising domestic wind industry demands. Two factories will be located in Gujarat and Karnataka, while the third will be in Tamil Nadu.
Shapoorji Pallonji Q3 results: Net profit rises 36% y-o-y to Rs 148.85 crore
Net profit for the third quarter rose to Rs 148.85 crore, up from Rs 109.71 crore for the same period a year ago, the company reported in a filing to the exchange.
Shriram Finance nets $750 million in its largest-ever fundraise
These bonds, with a maturity of 39 months, were priced at 6.625%, lower than the initial guidance of 7%, top management of Shriram Finance and arrangers to the issue told ET. The transaction saw a peak orderbook of close to $3 billion, one of the largest for an Indian high-yield issuance.
This PSU multibagger defence stock gets an upgrade from ICICI Securities
During an investor call with the brokerage, the management said it sees benefits from the ongoing fleet expansion drive in defence and that EBITDA margin during the quarter was lower due to all the recent orders coming via competitive bidding
3 defence stock ideas from ICICI Securities after Q2 results
“Current orderbook stands at Rs 840bn. There has been an inflow of Rs 8.6bn from the contract for the end-to-end realisation of 5nos. PSLVs (in consortium with L&T) over a period of four years. Also, the recently executed contract for 70nos. HTT40 has added Rs 68bn to the orderbook,” it added.
Euler Motor raises $60 million from investors led by GIC
A new manufacturing site will help the company ramp up its production from about 100 units a month at the present to 1,000 units, helping it meet its orderbook of 9,000 vehicles, Saurav Kumar, the founder and chief executive of the company told ET. Euler’s orderbook primarily comes from e-commerce players like Flipkart who aggregate orders for their third-party logistics providers.
Posting record results in FY22, Triveni Turbine is eyeing an encore in FY23
The growth was led by expansion in overseas markets, Nikhil Sawhney, the managing director of Triveni Turbine, told ET. About 40% of the company’s orderbook is from international business.
Kalpataru Power Transmission zooms 5% as firm announces merger with JMC Projects
The merger process is expected to be completed in the fourth quarter of 2022-23 (Apr-Mar).
JMC Projects to merge into parent Kalpataru Power Transmission as companies eye larger EPC projects
The combined entity has an outstanding orderbook of Rs 37,000 crore, as per an investor presentation. The company has set itself a target of achieving $3 billion (Rs 22,400 crore) in annual revenues by 2025 with an orderbook size of $6 billion.
L&T Q3 results: Net profit declines 17% on high base effect
Larsen & Toubro reported a 17% dip in net profit for the quarter ending December which the company attributed to having a high base of last year for comparison that included one-time gains and higher treasury revenue.
Buy Motherson Sumi Systems, target price Rs 312: ICICI Securities
Motherson Sumi Systems Ltd., incorporated in the year 1986, is a Large Cap company (having a market cap of Rs 71874.58 Crore) operating in Auto Ancillaries sector.
Brokerages bullish on PNC Infra despite dismal Q1 numbers; here's why
"The biggest positive was the company being able to manage the margins (yoy and qoq), with active cost controls. The orderbook, post the recent wins appears robust at 3.5 times book-to-sales," said Phillip Capital, raising target price on the stock to Rs 270 from Rs 260 and maintaining a buy rating.
Capital issues temporary, expect things to improve: Rohan Suryavanshi
"Construction companies are staring at a three-year forward looking orderbook."
Essar Projects says orderbook worth Rs 8,000 crore; government spend to drive growth
The company said it has commissioned 10 projects worth Rs 2,862 crore in 2016-17 and has reported revenue of about Rs 2,000 crore in the fiscal year.
ITNL likely to improve revenue visibility on new road projects, diversified orders
Total gross average daily collection from toll and annuity projects is expected to grow to Rs 12.7 crore per day by FY17 from Rs 6.7 crore at present.
BHEL rallies on strong order book; rises 10% in two days
BHEL ended 5% higher on Tuesday after the company said it has a strong order book for execution in the coming years.
IPPs contribute Rs 33,000 cr to BHEL's order book
Independent power producers contributed over Rs 33,000 crore to the BHEL's orderbook in the previous financial year, the state-run power equipment producer said today.
Unity Infra to develop two housing projects for Rs 500 cr
Construction firm Unity Infraprojects today said it will develop two mixed-use housing projects aimed at middle-to-high income segments in Kolkata and Bangalore with an investment of around Rs 500 crore.
BHEL's bulging orderbook
BHEL’s order book of projects adds up to Rs 1.1 lakh crore as of December.
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