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ShareMumbai: Thermax, the Pune-based energy & environment solutions provider, is expecting orders worth Rs1,750 crore in the second half of this fiscal, its managing director MS Unnikrishnan said on Wednesday.
The company had in the first half bagged orders worth Rs2,989 crore, of which Rs2,014 crore came in Q2. The biggest order Thermax won in the quarter was the Rs1,001 crore EPC contract of 2×135 megawatt coal-based thermal power project along with civil works, being developed by Meenakshi Energy in Hyderabad.
"We are seeing a lot of enquiries for standard boilers from food, chemical and textile industries," Unnikrishnan said on a conference call. He said the company is also quite optimistic about orders from captive power plants.
Unnikrishnan said the execution of projects during the second half would be better than in the first."The cash flows of our clients have improved in the recent months," he said. As on September 30, Thermax's order backlog stood at Rs4,603 crore, of which Rs3,894 crore is from the energy segment and the rest from environment.
Of the order-book, about Rs620 crore is overseas.
On the company's overseas business, Unnikrishnan said export revenues were marginally better in the second quarter.
In Q2, the firm saw both its topline and bottomline fall 15.4% and 5.1% to Rs680.4 crore and 54.1 crore, respectively.
Thermax began the fiscal with a lower order backlog than the previous one and sees a marginal decline in topline this fiscal.
