Industrials - Stable Awards, Pick-Up in Execution
In Q4FY23, the NHAI awarded 74 projects, of which 55 were HAM projects worth INR 455bn and 16 were EPC projects worth INR 215bn
614 Views
Infrastructure: Stable awarding; calibrated aggression
The NHAI had set a target of awarding 6,500 km in FY23, of which it awarded ~3,750 Km (vs 6,306 Km in FY22) at an NHAI cost of INR 1trn
357 Views
Hitachi Energy India: Well Placed for Recovery. Maintain ADD
The key takeaways from HEI’s FY23 annual report are as follows: (1) a well-diversified order mix and a healthy order book (OB) (2) robust business...
477 Views
Hitachi Energy India - Well Placed for Recovery. Maintain ADD
The key takeaways from HEI’s FY23 annual report are as follows: (1) a well-diversified order mix and a healthy order book (OB) (2) robust business...
353 Views
Hitachi Energy (Initiating Coverage): Building on electrification. ADD
Looking at the government and private capex spending plans, Hitachi Energy India (HEI) seems to be one of the biggest beneficiaries of a large...
488 Views