At a time when Capital Goods players are scrambling for orders, Patel engineering has said that it remains very selective in picking projects in line with its strategy to focus on high-margin business. Patel Engineering is one of the major construction players in the country with strong focus in hydel and irrigation projects.
Despite cherry picking orders, the company has an order book in excess of Rs 7,100 crore as end of Dec 2008. Of this, hydro sector accounted for 42%, irrigation 42% and transport 16%. Typically, hydro and irrigation projects command higher margins than transportation contracts. The company indicated that it is only bidding for orders that confirm to its internal target margin of about 15-16% for irrigation projects and 22% for hydel projects. In addition to the above robust order book, the company has also been pre-qualified for projects worth over Rs 11,000 crore.
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| Company Name | CMP |
|---|---|
| Larsen & Toubro | 4050.00 |
| Rail Vikas Nigam | 296.30 |
| NCC | 160.45 |
| KEC International | 559.60 |
| Kalpataru Projects | 1240.45 |
| View more.. | |
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