India’s Battlefield Management System Contracts Awarded

February 27, 2015

Military Projects Action in the defence sector continues to gain momentum. The latest being the Ministry of Defence selecting a consortia of 2 developers to develop Battlefield Management System (BMS) worth INR 500bn. The BMS project is categorised under the Make in India category and will be one of the largest defence solutions to be manufactured indigenously. It is a Read more

Larsen & Toubro – Best Bet on Infrastructure Recovery

February 12, 2015

Larsen Toubro Poised for RecoveryLarsen & Toubro – L&T reported weak results with standalone revenue growth of 4.2% versus expectations of 7.5%. EBITDA margins contracted YoY to 10.5% from 11.6% in 3Q FY15 ostensibly on job mix and some orders not crossing the margin recognition threshold.

While L&T, in revenue terms, is larger than India’s next six largest construction companies put together, owing to the fragmented market (L&T’s market share Read more