India headed for capex revival, $360 bln in orders - BofA
Reuters Market Eye - Bank of America Merrill Lynch expects capex revival for India.
Cites pent-up demand, governments focus to ease bottlenecks as key factors.
Says expect $360 billion in orders over FY15-17 translating into a "robust" 11-20 pct growth for the industrials sector.
Keeps "buy" on Larsen & Toubro
Keeps "underperfrom" on Bharat Heavy Electricals
Maintains "neutral" on Thermax.
(Reporting by Abhishek Vishnoi)
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First Published: Nov 19 2014 | 11:23 AM IST