Description
MEP (Mechanical, Electrical and Plumbing), an important aspect of the construction sector, forms the
second largest component after civil works. The MEP players provide one-stop solutions for manufacturing,
contracting, commissioning and after-sales service. This includes HVAC (Heating, ventilation & air
conditioning), electrical contracting, plumbing and water management.! Voltas is the largest domestic player in MEP/HVAC segment and has a substantial presence abroad. It
has an order book of Rs53.3bn (3.2x FY08 segment revenue) with ~75% from the Middle Eastern market
(mostly govt/ semi-govt funded), which provides revenue visibility.
! It is well diversified in terms of business & geography which can ensure steady revenue growth in the
backdrop of the economic slowdown.! Blue Star is the domestic market leader in central air conditioning and commercial refrigeration segment.
It has an order backlog for Rs16.3bn, which provides revenue visibility for
MEP (Mechanical, Electrical and Plumbing), an important aspect of the construction sector, forms the
second largest component after civil works. The MEP players provide one-stop solutions for manufacturing,
contracting, commissioning and after-sales service. This includes HVAC (Heating, ventilation & air
conditioning), electrical contracting, plumbing and water management.! Voltas is the largest domestic player in MEP/HVAC segment and has a substantial presence abroad. It
has an order book of Rs53.3bn (3.2x FY08 segment revenue) with ~75% from the Middle Eastern market
(mostly govt/ semi-govt funded), which provides revenue visibility.
! It is well diversified in terms of business & geography which can ensure steady revenue growth in the
backdrop of the economic slowdown.! Blue Star is the domestic market leader in central air conditioning and commercial refrigeration segment.
It has an order backlog for Rs16.3bn, which provides revenue visibility for