FCC

Orders flow for leading capital goods firms

2023-12-01

India's prominent capital goods and engineering firms find themselves in the midst of an exceptionally busy season, as the combined order book has surpassed the value of Rs 8 trillion. According to data available as of September 30, 2023, 13 out of the top 15 listed capital goods and engineering companies in India, for which quarter data ending in September 2023 was available, collectively held an order book valued at Rs 8.45 trillion. This figure, as per data compiled from company disclosures, represents a level not witnessed since at least the fiscal year 2018-19.

Anupama Arora, a senior independent analyst specializing in tracking the capital goods sector, remarked, "This seems intuitively like an all-time high, considering inflation."