Asia
Market Chatter: Engineers India Flags Slower Middle East Orders Amid US-Iran Conflict
Engineers India (BOM:532178, NSE:ENGINERSIN) is seeing weaker orders for Middle East energy projects as the US-Iran conflict delays client investments and contracts, Bloomberg News reported, citing Chairman Atul Gupta.The conflict has affected both new and ongoing projects and weighed on order flow, according to the report.He expects activity to recover as Middle Eastern energy producers increase spending on infrastructure designed to reduce disruptions linked to the Strait of Hormuz, the report added.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
BOM:532178NSE:ENGINERSIN
