Overall, the coverage universe revenue is expected to grow 18.7% YoY owing to decent execution amid low base at engineering and T&D; companies like L&T;, KEC, KPTL, BEL and Cochin Shipyard. The international business and exports likely to aid performance of companies like L&T;, KEC, AIA, Elgi, etc. We expect EBITDA to grow 21.8% YoY owing to operating leverage in product companies and execution pick-up by EPC companies amid low base factoring in pandemic impact and higher commodity prices. Consequently, overall PAT is expected to grow 24.8% YoY accounting for...