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Dolat Capital Report
New investments announced down by 21.9% YoY to Rs 857 billion (down 19.0% month-on-month) in February 2021, primarily due to fall in others/railways which was partially offset by rise in power/real estate.
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Tenders issued decreased first time in four months by 30.7% YoY to Rs 453 billion in Feb-21 mainly led by railways/water segment.
Tenders published in year-to-date-21 increased 39.6% YoY to Rs 7,077 billion led by rise in road/mining/water.
Order awards down 7.2% YoY to Rs 226.5 billion due to decrease in orders mainly in railways/irrigation segment which was partially offset by hospital/power distribution.
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