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Signs of green shoots? Seven firms bag orders worth Rs 42,000 cr in Q1

Industry executives and analysts said most of this new order activity was a spillover, and fresh project finalisation remains weak

Topics
Coronavirus | Indian Economy | Lockdown

Amritha Pillay  |  Mumbai 

construction, realty, workers, infra, jobs, migrants, labour, wage, real estate, concrete, cement, buildings, high rise
In India, Uttar Pradesh, Telangana, Maharashtra, West Bengal, and Karnataka have awarded new contracts largely in the areas of water supply, irrigation, and regional rapid transport systems.

Contract award activity was expected to be a total washout globally during the first quarter. However, order inflow for capital goods and firms received a shot in the arm thanks to state-owned entities and foreign markets like the US and West Asia.

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First Published: Wed, July 08 2020. 23:39 IST