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News Brief | October 2013

New bidding norms unlikely to boost power sector capex: Credit Suisse

The latest bidding norms for mega power projects are unlikely to revive investments in the power sector, says Credit Suisse India Research. Despite the government mandating procurement of equipment from domestic players under the new case-II norms, we do not expect any meaningful revival in order flow outlook for players such as BHEL and maintain our negative view, they said in their report.
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