Rs 8.45 trillion & rising: Orders flood major capital goods firms

Both India and overseas demand behind the rush

India’s leading capital goods and engineering firms are in the midst of one of their busiest seasons, with the combined orderbook surging past Rs 8 trillion in value. 

As on September 30, 2023, 13 of India’s top 15 listed capital goods and engineering firms, for which data for the September 2023 quarter was available, had a total orderbook worth Rs 8.45 trillion — a number unseen at least since 2018-19.

“This intuitively looks like an all-time high factoring in inflation,” said Anupama Arora, a senior independent analyst who tracks the capital goods sector. 

The surge in orders is largely driven by India’s increasing