The company said its transmission & distribution (T&D) business has secured orders for building a 400 kV digital GIS substation order from Power Grid Corporation of India Limited (PGCIL), and another 400 kV GIS substation from a reputed industrial developer
According to the rating agency, the economy, which has been facing external risks such as weak global demand, supply disruptions and global financial shocks, now faces factory shutdown, reduced discretionary spending and delayed capex cycle.
In an interview with CNBC-TV18, Ahluwalia Contracts' Deputy MD Shobhit Uppal said the company is confident of achieving its full year revenue target of Rs 1300 crore, despite logging only Rs 546 crore in the first half.
Severe crunch of skilled manpower in construction industry, expected to triple in the next decade from the present 30%, will negatively impact the overall productivity of the sector, warn industry experts.