The outcome of NTPC's Phase-II bulk tender (nine units of 800 Mw each) confirmed analysts' fears of rising competitive pressures in the boiler-turbine-generator (BTG) industry. Between boiler (B) and turbine-generator (TG), competition was higher in the latter because there were fewer players in the boiler space (Doosan Heavy Industries, Thermax and Bhrat Heavy Electricals LTd (BHEL).