Corporate order book grows as govt spends big on infra

A rise in government spending on infrastructure and a rebounding economy have helped Indian infrastructure and capital goods companies bag record order wins, with some even registering all-time highs. However, despite expectations of a rise in private sector capex, the bulk of infrastructure investments continue to be driven by state and Central governments.

The total order book position of 25 top major companies — across infrastructure, power and capital goods – rose 16.1% to Rs 11.47 trillion as of September 30, compared with Rs 9.88 trillion as of September end last year.