Steamhouse India wins Rs 311-cr project from Bulk Drug Park, Una, Himachal Pradesh
A order wins & contracts development with market-wide reach.
· Business Standard Mkts
Steamhouse India has been awarded the mandate for Engineering, Procurement and Construction (EPC), commissioning and comprehensive Operation & Maintenance (O&M) of the Common Steam Plant and Co-generation Power Plant at the Bulk Drug Park, Una, Himachal Pradesh. The order is valued at Rs 311 crore.
The analysis
This is a Capacity / capex event. Capacity added into a soft cycle compresses returns for the whole sector; added into a tight one it is the cheapest growth available. The cycle position matters more than the announcement.
Why it matters
- A large order lengthens revenue visibility, which is what the market pays a premium for in capital-goods and infra names.
Market context
- Sector exposure: Power.
In this story
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