Dec 07, 2012, 06.43 PM IST
KRChoksey has come out with its report on "transmission & distribution update". According to the research firm, competition continued to remain intense as bid success ratio of majority of the players were on higher side. Accmulate KEC International, Kalpataru Power and hold Jyoti Structures, says KRChoksey.
KRChoksey has come out with its report on "transmission & distribution update". According to the research firm, competition continued to remain intense as bid success ratio of majority of the players were on higher side. Accmulate KEC International , Kalpataru Power and hold Jyoti Structures , says KRChoksey.
PGCIL order disbursement was strong during 8MFY13 on back of planned outlay of Rs 1,00,000 cr for the 12th plan. Order outflow during 8M FY13 stood at Rs 10,013 cr vs Rs 9,044 cr in 8MFY12. Historically ordering is particularly robust in second half of the year. We believe PGCIL order outflow would be at least Rs 20,000 cr for FY13.
Breakup of disbursement
Competition seems to have eased as number of participant were 19 players (annexure I) in tenders opened so far vs 50 players approximately participated in FY12, which is a considerable fall. As in past, maximum bids were made by established players like KEC, Kalpataru, Jyoti and L&T (Annexure I). Gammon India has continued participation in the PGCIL transmission tenders
KEC has won max order (~31%) from PGCIL followed by Kalpataru (27%).
KEC won 5 contracts and its bid success ratio of 29% so far is on higher side considering historically it bid success ratio was in range of 5% to 10% (FY12 5.5%, FY11- 15%, FY10 -3%)
EMC, which from FY12, on its own (i.e without J/Vs) won large size of orders (9%) with a bid success ratio of 27% has shown limited participation in tenders opened so far in the current fiscal. It participated only in 3 tenders.
During 8MFY13, competition remained intense as ~ 30+ players participated in the PGCIL tenders. As in past, maximum bids were made by established players like ABB , Areva T&D, Siemens and Crompton
New Northeast Electric Group High voltage switchgear co won max number of orders (18%) followed by Siemens (11.1%), Shyama power (5.5%), L&T (4.8%), Alstom T&D India (4.3%).
New Northeast Electric Group High voltage switchgear has bid aggressively in current fiscal capturing 18% of the orders with a bid success ratio of 100%. Siemens which won 11% of the orders had a bid success ratio of 57%.
Competition continued to remain intense as bid success ratio of majority of the players were on higher side
Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
To read the full report click here
Action in KEC International
Video of the day
Dec 10 2013, 11:21
- in FII View
Dec 4 2013, 11:08
- in FII View
We notice that this Email ID is already verified against Moneycontrol User ID. Just enter your password and login to Set Alert.
Copyright © e-Eighteen.com Ltd. All rights reserved. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express written permission of moneycontrol.com is prohibited.