KRChoksey has come with its quarterly earning estimates for Infrastructure sector.
The overall data for projects' financial closure has declined by 43% to Rs 803 bn (QoQ) for Q1FY12. Sectors like Road & T&D has shown encouraging awarding activities but power, oil & gas and industrial capex are muted in terms of order inflows in FY12E. The ordering activity of 5,600 KM is awarded till date out of ~7,300 KM planned by NHAI; PGCIL has also awarded Rs 120 bn orders till date.
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