Capital goods firms, analysts hopeful for better order inflow

Most of this would be government spends, including fertiliser projects and refining facilities

With awards of projects from government bodies and public sector utilities expected to increase this year, capital goods manufacturers are anticipating better order inflows.

Some analysts are expecting strategies adopted by capital goods companies to show results.

During 2016-17, order inflows for two of the major capital goods manufacturers were subdued. 

L&T reported 5 per cent growth in its order inflows, while BHEL reported a decline of 46 per cent.

In the case of BHEL, the decline is also due to an exceptionally high order inflow seen in 2015-16. L&T has given guidance for a 12-14 per cent rise in