Another Indian contractor sets up shop in the UAE

Latest contractor with eyes on the GCC: Nisus Finance’s NCCCL

Another Indian entrant in the UAE’s construction sector: Nisus Finance is expanding intothe UAE through its subsidiary New Consolidated Construction Company Limited (NCCCL), which it acquired last year with the aim of expanding the company across the GCC and India. The UAE operation will serve as a wider GCC hub for construction, infrastructure, and real estate activities, with a phased expansion strategy focused on partnerships and cross-border projects.

NCCCL joins a growing list of Indian developers and contractors deepening their UAE footprints. State-owned NBCC was among the latest entrants, joining firms including Sunteck Realty, Casagrand, Shapoorji Pallonji, and Mantra Properties in expanding into the UAE market.

The pull factor: Construction and transport projects under execution across the GCC are approaching USD 951 bn, while the broader regional pipeline now exceeds USD 2 tn, driven largely by Saudi Arabia and the UAE.

Inox Clean Energy makes US debut

Noida-based Inox Clean Energy, has marked its US entry with a USD 750 mn acquisition of North Carolina-based Boviet Solar Technology, an integrated renewable platform, according to a statement. The transaction gives Inox access to an operational 3 GW solar module facility and a binding agreement to acquire another 3 GW of solar cell manufacturing capacity by December this year.

Why it matters: Inox stands to benefit from domestic manufacturing incentives in the US and mitigate tariff risks through localized production. The expansion comes on the back of rising demand from data centers, electrification and industrial growth. This marked the company’s tenth acquisition in just nine months as it eyes 11 GW of manufacturing capacity and 10 GW of operating power capacity by FY 2028.

RSA spins out cross-border-focused startup targeting India-GCC logistics

Dubai-headquartered logistics group RSA Global has spun out a corridor-focused logistics arm, RSA Cross-Border, first on India-to-GCC, India-to-UK and India-to-Europe routes, according to a press release. The spun-out arm raised USD 1.5 mn in seed funding fully backed by MENA-focused early-stage fund 21 Ventures.

Where the funds are going: With operations in India and based out of Dubai, it will use the funding over the next 18 months to expand its AI platform, scale India capacity and deepen its UK, Europe and GCC corridor networks.

What’s next: The company says it has grown 10% week-on-week for the past 12 months and plans a follow-on round in late 2026. The corridor test is whether Dubai-based logistics platforms can help smaller Indian exporters move into GCC and European consumer markets without building their own cross-border networks.

L&T lands Middle East grid orders

India-based engineering and construction major Larsen & Toubro (L&T) has secured multiple Middle East power transmission orders, adding to its portfolio in a region that already makes up 40% of its total order book, according to a company statement.

The turnkey contracts cover one 380 kV substation and two 132 kV substations for undisclosed clients. L&T classified the contracts as “significant” — meaning they’re valued at between INR 10-25 bn (USD 104.2-260.7 mn) — though it did not disclose the contract value.

Why it matters:The orders reinforce the India-GCC infrastructure corridor at a time when Gulf grids are expanding to support large load centers, industrial demand, and energy-transition projects.