Key takeaways of the conference call

Order inflow in Q1FY23 was about Rs 1901 crore and the unexecuted order book as end of Jun 2022 is about Rs 3241 crore.

Order inflow for Q1FY23 comprise Rs 1450 crore order from Rajasthan FGD order, Rs 300 crore order from PGCIL and Rs 145 crore order from Chhattisgarh. Major Orders bagged in Q1FY23 are Two FGD order in Rajasthan for Kota (3X250 MW each) and Jalawat (2X600 MW) power stations; The PGCIL order comprise the Rs 126 crore Nizamabad-Tuticorin TL order and Rs 175 crore worth Rajasthan (MohanlaGanj) Transmission Lines. The Rs 145 crore worth Chhattisgarh order is for construction of 400 kv substation. The Rs 233 crore worth Khavda Bhuj TL order was bagged in Q4FY22.

Confident of 20-25% growth in revenue (without considering any revenue from data centre) for FY23. Expect revenue booking momentum to be strong starting H2FY23 with engineering and mobilization happening.

Expect good traction in order inflow. It expects another Rs 1000-1500 crore of order inflow in rest of FY23.

On transmission sector front, the current status quo is expected to continue and in FGD front the ordering/investment to start happen beyond CPSUs into SEBs and private sector.

Receivables of RS 150-170 crore in wind segment is expected to get liquidated with in current fiscal.

Expect completion of super structure of Chennai Data Centre by end of current fiscal.

Once data centre start contributing from 2023-24 and 2024-25 the revenue will get doubled.

One more FGD order worth about RS 500 crore, 300-400 crore of transmission and 500 crore of distribution orders are the one that are in pipeline for the company.

Once new Electricity Amendment Act approved in Sep 2022, lot more activity will happen in electricity sector and opens up more opportunities for the company. RDSS will augment 3 trillion over next 5 years this is a big opportunity in T&D segment. SEBs already started to come-out with tenders under this scheme.