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

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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...
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Railway cash surplus inflated in last 5 years: Mamata
Railway Minister Mamata Banerjee presented a white paper document in Parliament on Friday, giving details of the finances of the Indian Railways and raising concerns over the irregularities perpetrated during the previous tenure.
The paper disclosed that the cash surplus was inflated by Rs 17,006 crore. “Account changes in five years inflated cash surplus before dividend,” it said.
It further said that 1991-96 was the best period for railway finances. Since then, the losses in passenger operations grew steadily to stand at Rs 14,000 crore in FY09. The traffic growth too, the paper said, was below par from FY05-FY09.

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