 "construction, realty, workers, infra, jobs, migrants, labour, wage, real estate, concrete, cement, buildings, high rise, engineering")
Tendering and project award activity for the capital goods and engineering sector has almost doubled in July from a year ago. Despite the rise, analysts expect the July-September quarter to be a tough one —both for new orders and execution.
The significant year-on-year (YoY) rise in awards is driven by a low base effect due to elections last year.
Some also expect the current quarter to be worse compared to the January-March and April-June quarter performance in terms of new order wins. In addition, new order visibility for the remaining part of the year is limited to sectors like roads and water.
According
