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Iran Conflict: These stocks have significant exposure to the Middle EastFrom Larsen & Toubro to Welspun Corp and VA Tech Wabag, these stocks have significant exposure and projects being executed in the Middle East.By CNBCTV18.com March 1, 2026, 5:39:42 PM IST (Published)3 Min ReadGlobal equity markets will be reacting to developments from over the weekend on Monday morning, with the attacks by the US and Israel on Iran, the death of Iran's supreme leader Khamenei, and the subsequent retaliation by Iran on major gulf countries, including Saudi Arabia, and the reported closure of the Strait of Hormuz.

There are multiple Indian companies that have a significant exposure to the Middle East in terms of project execution and topline being generated from the region.

Here's a look at the stocks that have a significant exposure to the Middle East:

Larsen & Toubro

India's largest infrastructure company has a significant exposure to the Middle East. Out of its consolidated order book, nearly ₹3.6 lakh crore or 49% came from the international business. Out of the total international order book, more than 80% came from Saudi Arabia and the UAE and the Middle Eastern region. It recently won major orders in the region as well.

Kalyan Jewellers

The jeweller also has exposure to the middle east, with 12% of its consolidated topline coming from that region. As of December, the company operated 36-38 stores in the middle east and also has plans for further expansion.

KEC International

The transmission and distribution services provider has major presence in Saudi Arabia and the United Arab Emirates. It recently won a ₹1,064 crore order for a 380 kV line and a ₹1,038 crore GIS substation order from Saudi Arabia. During the Q3 earnings call, the management had said that it has emerged as the lowest bidder for multiple orders in the Middle East, which could be awarded in the ongoing Q4.

Welspun Corp

While the company has not disclosed the exact exposure of its order book to the Middle East, it has significant presence in Saudi Arabia, a geography from where it has won multiple orders. It is also investing nearly ₹1,700 crore in the region as capex, most of which is for setting up a new 2,50,000 MTPA Ductile Iron pipe facility, which is expected to be operational by March 2026. It is also setting up a 3,50,000 MTPA longitudinal Submedged Arc Welded (LSAW) line pipe plant aimed at supporting orders from Saudi Aramco and local infrastructure.

Sterling & Wilson Renewables

While the company has not disclosed actual numbers, it does have operations in Saudi Arabia, the UAE and Oman, as per its investor presentation for the third quarter.

VA Tech Wabag

In its third quarter earnings call, the management disclosed that it is currently executing a 200 MLA Al Haer STP project in Saudi Arabia, a 300 MLD Yanbu Mega Desalination Plant in Saudi, where the effective date of commencement is expected soon, early works like basic engineering is ready and key personnel have been deployed. "The Middle East presents sustained opportunities in desalination, wastewater treatment and reuse, backed by strong infrastructure investments across the GCC and our disciplined bidding approach," the management had said in the call.Continue ReadingTagsiran crisisKalyan jewellersKEC InternationalLarsen and Toubro L&TMiddle Eastshare market todaySterling and Wilson Renewable EnergyVA Tech WabagWelspun Corp shares