The turnaround time to normalcy may be quick in case of EPC players like L&T, as large part of the migrant labor force is still at site and reliance on global supply chain is limited. KEC and Kalpataru Power have large overseas presence with 40/45% ex-India order book. Dependence on India supply chain may impact overseas execution as 80-90% supply chain resides within India. Leading global capital goods manufacturers have partially shut factories amidst Covid-19 led lockdown and weakening demand. Global supply chains are also getting impacted. Our coverage universe of L&T;, Siemens and ABB have strong balance sheets and are well placed to endure these tough times. The immediate focus is on (1) Safeguarding employee safety and health (2) Business continuity & (3) Strong focus on cash conservation.