No clear roadmap
The outlook for thermal power generation market is not negative as India is still hugely underserved on electricity. The current limbo is caused by a sudden addition of about 100 GW in a five year period, driven by a policy of coal block allocation i.e., a rush encouraged by the premium from fuel shortages.
BoP the builder
A number of players in the balance of plant (BoP) sector, who had a phenomenal order intake in the past several years, are currently reeling under tremendous working capital stretch because of stuck inventory and huge receivables.
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