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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The sprawling mansions of the Rashtrapathi Bhavan & the Raj Bhavans are probably the right places to consign politicians/public figures, who have nuisance value or for whom no other use can be found....!!!
KOLKATA/NEW DELHI: UPA presidential nominee Pranab Mukherjee today called up dissident Trinamool Congress MP Kabir Suman (formerly Suman Chatterjee, before converting to Islam--for the reasons best known to all.......) who later said that he endorsed his candidature for the top post. 
Pranab's telephoning Suman drew protest from TMC which accused the Finance Minister of trying to break the party, a charge denied by Congress. 
"Pranab M directly called up a TMC MP seeking support. Politically ethical to do? Or trying to break TMC? Try & try again. Won't break," Trinamool Congress MP Derek O'Brien said on micro blogging site Twitter. 
Suman later said the the union finance minister telephoned him to inquire about his health and not to seek his vote. 
"Will a person of the stature of Pranab Mukherjee ring me up to seek my vote? He never asked me for my vote. But I want him to be President. He has vision," Suman said. 
Senior TMC leader and West Bengal minister Subrata Mukherjee claimed Mukherjee was trying to break the party. 
"This is unethical. Mukherjee should have rung up the Trinamool chief Mamata Banerjee," he said. 
"It is unfortunate and unethical to make such a phone call to an individual MP or MLA," urban development minister and a close aide of the Mamata Banerjee, Firhad Hakim told reporters. 
Another TMC party MP and Union Minister of State for Tourism Sultan Ahmed also expressed unhappiness over the development, saying Mukherjee should not speak to individual leaders of Trinamool but its chief Mamata Banerjee. 
Reacting to this, Congress spokesman Rashid Alvi said "why should we break their party? They are our allies ... We have never done it."

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