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| India Inc`s order book swells despite slump | | | Deepak Korgaonkar / Mumbai April 1, 2008 | | | |
| The capital expansion plans of domestic and transnational companies have remained unaffected by the global economic slowdown if the 90.7 per cent increase in the value of order books is any indication.
RIDING HIGH
The construction, power, oil and gas and engineering sectors account for 76 per cent of India Inc's order book in the financial year 2007-08 at Rs 142,169 crore
Over 37 per cent of orders were placed by the private sector, 25 per cent by overseas companies and 38 per cent by governments
L&T, DLF, BHEL, Punj Lloyd, Simplex Infra, Nagarjuna Construction, IVRCL Infra, Reliance Energy, ABG Shipyard and HCC bagged 55 per cent of the total orders | In financial year 2007-08 (FY08), India Inc’s order books swelled to Rs 142,169 crore. The corporate sector reported a 35 per cent growth in orders in FY07 at Rs 74,568 crore.
| | | | Data from the the Bombay Stock Exchange and the National Stock Exchange show that the construction, power, oil and gas, and engineering sectors accounted for 76 per cent of the total orders.
| | | Over 37 per cent of the orders were placed by the private sector, 25 per cent by foreign companies while the remaining 38 per cent were made by the central and state governments.
Top 10 companies with highest
order books |
| |
Amt
(Rs crore) |
| Larsen & Toubro |
23,234.07 |
| DLF |
12,675.00 |
| BHEL |
10,475.00 |
| Punj Lloyd |
7,794.55 |
| Simplex Infrastructure |
4,831.80 |
| Nagarjuna Construction |
4,483.80 |
| IVRCL Infrastructure |
4,298.09 |
| Reliance Energy |
3,725.00 |
| ABG Shipyard |
3,696.00 |
| HCC |
3,077.73 |
| | | | Indian companies bagged contracts worth Rs 57,043 crore from private companies, Rs 41,977 crore from state governments, Rs 38,958 crore from foreign firms and Rs 14,517 crore from state-owned firms.
| | | | The booming construction sector accounted for over 41 per cent, or Rs 61,933 crore, of the total orders placed. The power sector bagged orders worth Rs 25,555 crore, followed by the oil and gas (Rs 15,302 crore), engineering (Rs 12,494 crore), metals (Rs 8,791 crore) and shipping (Rs 5,727 crore) sectors.
| | | | The top 10 firms, including Larsen and Toubro (L&T), DLF, Bharat Heavy Electrical, Punj Lloyd, Simplex Infrastructure, Nagarjuna Construction, IVRCL Infrastructure, Reliance Energy, ABG Shipyard and HCC, accounted for 55 per cent, or Rs 78,291 crore, of the total orders. L&T is on top of the list with Rs 23,234 crore orders during FY08, including deals worth Rs 11,750 crore from foreign companies.
| | | | DLF, the real estate major, is second with Rs 12,675 crore orders, followed by BHEL (Rs 10,475 crore) and Punj Lloyd (Rs 7,795 crore).
| | | | Order books during the second and fourth quarter of FY08 grew by more than 100 per cent, while the biggest order inflows, in absolute terms, were recorded in the second quarter ended September 30, 2007 at Rs 59,253 crore. The order inflow in the fourth quarter totalled Rs 40,729 crore compared with Rs 19,280 crore in the fourth quarter of FY07.
| | | | There was marked slow down in order inflows in the third quarter at Rs 32,992 crore (up 40 per cent). During the first quarter FY08, orders books were at Rs 19,520 crore (Rs 15,869 crore in Q1FY07).
| | | | The contracts are largely for power products and projects, electrical automation solutions, the electrification package from the Delhi Metro rail, construction of vessels, township and metro express lines on built-own-operate-and-transfer (BOOT) basis and turnkey contracts for engineering, procurement and construction work. | | |
| India Inc`s order book swells despite slump |
| Deepak Korgaonkar / Mumbai Apr 01, 2008, 06:03 IST |
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