Recently in review of the PLI schemes, the government indicated that things are on track and some of the results would be visible soon. Especially in the chemical and pharmaceutical space are doing well, this is not to say that electronics and others are not doing well. Whenever capacity expands in any industry, one segment which is bound to get its order book better is capital goods and engineering companies. Over the years some companies have changed their business model in a way that they are a mix of capital goods and engineering companies as they provided turnkey solutions. We look at companies with an overlapping nature of business which give supply capital good and engineering service to different sectors.
