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

India’s top capital goods and engineering firms are in the midst of one of their busiest seasons, with the combined order book crossing the Rs 8 trillion mark in value terms.

As of September 30, 2023, 13 of India’s top 15 listed capital goods and engineering companies, for which data was available as of the September 23 quarter-end, had a total order book worth Rs 8.45 trillion – a number that in any case hasn’t been seen since 2018. -19, shows data collected from company information.

“This intuitively looks like a record high taking inflation into account,” said Anupama Arora, a senior independent analyst who tracks the capital goods sector.