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SumanSpeaks Capital Markets & Geopolitical Intelligence · Estd 200 6 Turnaround Watch · EPC SEPC Ltd (₹6.54): From Stressed Asset to Strategic Platform Debt down from a peak of ₹907 crore to ₹351 crore. Two SAIL orders worth ₹1,527.89 crore landed inside eight weeks. A Dubai-headquartered promoter that bailed the company out of an RBI stressed-asset restructuring is now backing an ADNOC-linked entry into the Middle East. This is what a real turnaround looks like when you actually read the balance sheet instead of the ticker. 1 The Arc: From a ₹300 IPO to a Stressed Asset to a Rescue SEPC Ltd listed in February 2008 as Shriram EPC, priced at ₹300 a share, raising ₹150 crore under the Shriram Group — one of India's most recognised financial-services names, then led by T Shivaraman...
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Made in Foreign
One of the chief slogans of Narendra Modi's government has been "Made in India". Under
this 'strategic partnership' model, select private firms were supposed to build militarly platforms like fighter jets, submarines and battle tanks in collaboration with foreign defence majors.

But hereto what we got on the plate is altogether a different preparation or we are till now witnessing " Made in Foreign Campaigns", at the cost of foreign exchange and BOP. Earlier, there were murmurs (Rumors) that these multi-billion dollar contracts generate high kickbacks. A visibly honest defence minister has been sent back to his home state, Goa. Who will be the new full time defense minister is anybody's guess.

According to a recent news report, Fifty-eight contracts involving Rs.1.21 lakh crore were signed by the government with foreign defence firms in the last three fiscals for procuring aircraft, helicopters and weapons systems for the armed forces.

Is the government really interested in "Made in India", story, when the defense sector is concerned? Or it is just another of those infamous "Jumlas" of Narendra Modi - Amit Shah combination ?

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