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Foreign Exchange Rate may Impact Heavy Equipment Market of India

News:
There is some more weakness for the rupee in store as dollar demand from importers intensifies this week amid concerns that China may resort to further devaluation of the yuan. During the last week rupee weakened by 82 paise or 1.26 per cent to close at 65.83 per dollar on 21st August 2015.
Source: Business Standard

SNP Insight:

INR depreciation would certainly benefit the domestic BTG players such as BHEL and Thermax by improving the net export of equipment while other heavy equipment segment of power such as T&D equipment manufacturers who heavily depend on import may get more thrust from the foreign exchange rate.
Source: SNP Infra Research

Note: SNP Infra Research is coming up with dossier on "BTG Market in India (Vol I- SuPCritical and Vol II-SuBCritical) 2015". For more info click here