Shares of
The stock surpassed its previous high of
At
For the first half (April to September) of the financial year 2022-23 (H1FY23),
During the quarter, the company's orders declined by 3.2 per cent to
With a number of reforms being introduced in the Power & Grid sector, the company expects it to remain resilient. This, along with the focus on renewable energy, privatisation, and efforts to cut losses in the Transmission & Distribution (T&D) sector, are favourable indicators for the company.
The Transportation segment is also set to see several exciting projects - including bullet trains and corridors - come to fruition. The management expects that they will bolster the company's order pipeline once completed.
In the Minerals, Metals and Mining sector, the management expecta that the increased amount of CAPEX will increase the capacity for the production of cement and steel. This, along with the focus on sustainability initiatives in the sector, may prove to enhance the demand for services in the short term. "As the Oil & Gas sector remains cyclical, we expect the demand in this sector to remain muted in the short term, accompanied for a shift towards an increasing demand for renewable energy,"
Going forward, the management believes an overall positive outlook for the segments that drive the growth of the company. The power sector in
In the transportation sector, the development of the metro lines across
About
Schneider's purpose is to empower all to make the most of our energy and resources, bridging progress and sustainability for all. We call this Life Is On.
Our mission is to be your digital partner for Sustainability and Efficiency.
We drive digital transformation by integrating world-leading process and energy technologies, end-point to cloud connecting products, controls, software and services, across the entire lifecycle, enabling integrated company management, for homes, buildings, data centers, infrastructure and industries.
We are the most local of global companies. We are advocates of open standards and partnership ecosystems that are passionate about our shared Meaningful Purpose, Inclusive and Empowered values.
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