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The last few quarters have been tough for most Engineering Procurement and Construction (EPC) companies. Advances from new projects are going down, while collections from running projects have been poor. The net effect – increased borrowings with associated interest costs which are denting the profitability of companies. On the face of it, it looks like a macro-economic crisis that is outside the control of companies.
Read more at:
http://economictimes.indiatimes.com/articleshow/28834995.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
http://economictimes.indiatimes.com/articleshow/28834995.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
http://economictimes.indiatimes.com/features/corporate-dossier/epc-reborn-focus-on-flow/articleshow/28834995.cms
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