Covid-19: Order inflow a concern for capital goods, construction companies

As Covid-19 casts a long shadow on fresh investment, capital goods companies and construction firms in the country may be staring at a weaker order inflow this year.   Some capital goods companies have orders that will yield revenues lower than in the previous financial year.   Road-construction companies, with an outstanding order book of Rs 6,000-8,000 crore, however, can stay busy longer even if new orders dry up. The run rate of execution for capital goods companies is arrived at using a ratio of annual revenue to orders.   “Most capital goods compani.....

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