Budget 2018: Order book to grow, profitability to also improve
CRISIL Research expects revenue growth to be driven by segments like power T&D, transportation and renewables while the conventional BTG segment faces subdued demand due to a slowdown in the conventional power segment.As a consequence, while order book accretion has been slow for weakly diversified players like BHEL, overall, players with presence in other areas have seen good growth.Consequently, order book is expected to improve gradually in medium-to-long term, led by large investments in power transmission and distribution (T&D) segment.• Higher investments by central transmission utility, Power Grid Corporation of India Limited (PGCIL), in augmenting interstate transmission lines (from 75 GW in fiscal 2017 to 118 GW by fiscal 2022) are.....