From Nov concall:
Nobody secures any projects on bidding. We are the only one. You may know many any PSU, nobody neither RVNL. RVNL has just started and you see RITES, but RITES is in a consultancy so it is more of a consultancy field. In execution again they are not there. If you see other PSU the SBL, nobody competes in the domestic or international market. We have been doing that for years now and we can continue to do that. We hope to secure projects but again I would repeat the margins are going to be under pressure.
The stable profit margins is soon going to be a thing of the past as the companies indulge in price competition with each other and private companies.