Infra, capital goods' firms get order book booster in June quarter

Orders for companies grew 15-57% in the first quarter of the financial year

A seasonally-weak quarter appears to have hardly dampened the spirits of infrastructure and capital goods companies in India.

Results of some key players in the sector for Q1 — including Larsen & Toubro (L&T), Siemens, Thermax and KEC International — show that the order book has grown in the range of 15-57 per cent over the year-ago period.

The order book uptick in Q1 comes as the government’s thrust on infra development remains strong. It is backed by an increase in private-sector capital expenditure (capex) as well as a strong order inflow from the Gulf region.

Analysts have also pointed to better order