Engineering firm Thermax (THMX.BO: Quote, Profile, Research) is witnessing an improvement in its projects business and expects more orders for the company in the second half of FY10, its top official said on Wednesday. "Currently there are projects getting finalised and I can see an improvement in the inquiry inflow and also a positive sentiment in some segments," M. S. Unnikrishnan, managing director, told Reuters over the telephone. Thermax added orders worth 10 billion rupees in the June quarter, as against 5.80 billion rupees in the March quarter and it expects further growth in the third and fourth quarters, he said. The heat-equipments maker is focusing on bidding for 60 MW and above captive power projects and sees positive signs in that segment, Unnikrishnan said. "I am expecting that will compensate for, if there is a reduction in the products business." On Tuesday, the company reported 27 percent drop in the June quarter net profit of 464.9 million rupees, on the net sales of 5.22 billion rupees. (Reporting by Ketan Bondre; Editing by Ramya Venugopal)Source : http://in.reuters.com/article/domesticNews/idINBMB00593720090722
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