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It is high time that leaders who incessantly announce unsustainable giveaways recognise that their populist tactics are not just irresponsible but also perilously destructive, jeopardising the very future they claim to protect
Gurmeet Chadha says one of the main issues with most EPC construction names is the working capital cycle and margins because the projects are long gestation, you do not know what commodity prices would behave and people have some memories of 2003 to 2008 when there was euphoria and followed by a 10-year hiatus.