Buy Alstom T&D, target Rs 485: Geojit BNP Paribas
As per management, Investment cycle in power generation and industry is yet to pick up and banks are also reluctant to extend loans to IPPs. On account of this company has not received any significant orders from private players
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| Updated: BNP Paribas maintains buy rating on Alstom T&D with a 12-month target price of Rs 485. ALSTOM T&D India Limited is an India-based company, engaged in power generation, power transmission and rail infrastructure, and technologies.
As per management, Investment cycle in power generation and industry is yet to pick up and banks are also reluctant to extend loans to IPPs. On account of this company has not received any significant orders from private players.
Government's 'Make In India' policy is yet to be implemented at ground level as some CPSU/State Transco/SEBs continue to buy East-Asian (mainly Chinese) origin GIS despite local manufacturing capabilities being available in India.
As per management, Investment cycle in power generation and industry is yet to pick up and banks are also reluctant to extend loans to IPPs. On account of this company has not received any significant orders from private players.
Government's 'Make In India' policy is yet to be implemented at ground level as some CPSU/State Transco/SEBs continue to buy East-Asian (mainly Chinese) origin GIS despite local manufacturing capabilities being available in India.
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