The Gulf Reconstruction Play: How NRIs Can Track Indian EPC Firms Winning Overseas Contracts

Image
SumanSpeaks Independent Capital Markets & Geopolitical Intelligence NRI Investing · Gulf EPC Tracker The Gulf Reconstruction Play: How NRIs Can Track Indian EPC Firms Winning Overseas Contracts A record ₹7.79 lakh crore order book at L&T with about 37 percent in the Middle East, a UAE gas pipeline award of over ₹4,000 crore at Kalpataru, a Kuwait desalination win at Wabag and a US$1 billion Gulf pipeline in sight at Engineers India. The evidence is public, and an NRI can follow it from the United States. From the United States, the Middle East usually arrives as a headline about oil, shipping lanes and geopolitics. Look one layer below it and a more practical story appears: power lines, gas pipelines, desalination plants and storage terminals that have to be built, repaired and made more resilient. Indian engineering companies already work in those markets. For a US-based NRI who follows Indian equities, the useful question is which listed firms are turn...
Assam youth held in connection with Hyd blasts:
Hyderabad police on Tuesday arrested a man suspected to be involved in the twin terror bombings, even as the death toll in the deadly attacks mounted to 43. Mohammed Abdullah, a native of Assam, was taken into custody after residents of Bowenpalli neighbourhood of Secunderabad caught him under suspicious circumstances. The youth also had injuries on his head and hands. report continued below Police are questioning him to ascertain whether he has any links with the worst-ever terror attacks in the history of Andhra Pradesh that took place on Saturday evening. Preliminary investigations indicated that the bombs were planted minutes before they exploded and police have not ruled out the possibility of the bomb planters receiving injuries. Meanwhile, the death toll in the blasts mounted to 43 with one of the injured succumbing to his wounds at a private hospital. Srinivas Rao, a native of Visakhapatnam, was standing near Gokul Chat when the bomb went off. Police have also begun questioning citizens of Bangladesh and Pakistan overstaying in the city. There are reportedly 20 such foreign nationals who were staying on even after their visas had expired. Chief Minister Y.S. Rajasekhara Reddy has already blamed the terror groups based in Pakistan and Bangladesh for the blasts. Police had earlier detained about 10 people suspected to have links with Pakistan's Inter Service Intelligence or terror groups backed by it.

Comments

Popular posts from this blog