As of May 2024, the building sector in India is still changing and it’s important to identify the main influencers on the country’s infrastructure environment.
The construction sector in India is ready for substantial expansion, powered by government actions, foreign direct investment and the process of urbanization. The size of this market could be around $1.4 trillion by 2025 with a compound annual growth rate (CAGR) of 11.7% between 2023 to 2025.
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Planned investments in infrastructure development such as renewable energy projects like solar and wind power facilities, roads construction activities, urban infrastructure including smart cities developments along with industrial corridors are likely to contribute towards this predicted rise too.
In this blog, we will discuss Top 10 construction companies in India with their accomplishments, projects as well as contributions towards ongoing development of India.
Top 10 Construction Companies in India
1. Larsen & Toubro Ltd
Larsen & Toubro Ltd. (L&T) still holds its top position in big construction companies in India, with current revenue of ₹225,271 crore. Having deep roots dating back many years, L&T has become a byword for engineering superiority and creative approaches. They work in various areas such as engineering, building, making things and money services.
L&T’s construction section is considered one of top 10 construction companies in India, skilled in heavy civil infrastructure, power transmission and distribution, transportation as well as building works.
The famous structures they have created include Delhi Metro and Bandra-Worli Sea Link located in Mumbai. L&T is spreading its presence around the world by taking on projects in the Middle East, Africa and Southeast Asia.
The company’s dedication to technology, sustainability, and community growth distinguish it, making L&T a significant catalyst in the infrastructure transformation of India.
2. Reliance Infrastructure Ltd
Reliance Infrastructure Ltd, part of Reliance Anil Dhirubhai Ambani Group, is an important player in the construction and infrastructure development area. This company has made big contributions to the transportation and power industries in India, having revenue of ₹19,132.55 crore according to latest stat.
For example, a significant achievement is the Mumbai Metro. Reliance Infrastructure was involved in its development and construction. Similarly, they have completed projects related to power transmission and distribution, airport infrastructure as well as road networks throughout India.
Reliance Infrastructure was ranked 51st in the ranks of the largest corporations in India of Fortune India 500 of 2019, with first rank in the ‘Infrastructure Development’ category.
Reliance Infrastructure’s EPC services and emphasis on completing projects promptly, along with their focus on efficiency, have helped establish them as one of the leading construction companies within India.
Reliance Infrastructure, on October 5 in the year 2024 said about their plans to put ₹10,000 crore for setting up the largest integrated project that will make explosives, ammunition, and small arms. The place chosen is Ratnagiri which lies in Maharashtra, India. This venture has a connection with Dhirubhai Ambani Defence City and signifies an important action by the private sector within the Indian defense area. The firm’s objective is to grow its presence inside manufacturing related to defense as well as enhance exports; it has already made exports of equipment relating to defense worth beyond ₹1,000 cr.
3. Macrotech Developers Pvt Ltd (Lodha Group)
Macrotech Developers, which is also known as the Lodha Group, one of prominent players in the list of top 10 construction companies in India, with current operating revenue of ₹9,230 crore. Concentrating on constructing notable and extravagant residential areas, Lodha has changed many skylines especially in Mumbai, Thane, Hyderabad, Pune and London.
The World One tower, which was formerly the highest residential building globally, is an evidence of their proficiency. They have also entered the domain of economical housing by Macrotech Developers that gives good quality residences to more purchasers.
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The company’s dedication to details, utilization of modern technology and pledge towards sustainability make it a front-runner in India’s real estate and construction field.
The company Macrotech Developers has revealed their intention to initiate 17 residential projects in this financial year, with a possibility of making about ₹12,000 crore revenue. This was reported on May 8th, 2024. The purpose of these plans is to elevate its sales bookings which saw an unprecedented increase during 2023-24 owing to high demand.
The business aims to sell properties with a value of ₹17,500 crore in the current fiscal year. This is an increase of 21% compared to last year.
Also, Macrotech is planning to provide more than 10,000 apartments in the year 2024-25. This number has increased from approximately 8,200 units during the last financial period.
4. Punj Lloyd Ltd
Punj Lloyd, an internationally operating company (headquartered in India) and globally recognized EPC player, provides services ranging from engineering to maintenance in several industries, from the oil and gas industry to thermal power plants, through hydropower plants, with latest reported revenue of ₹5,585.77 crore.
The organization has not remained in the sphere of energy alone for it has worked on various projects related to infrastructure and the defense sector. The company has businesses spread across the Middle East and Africa in the region, Asia Pacific, South Asia and Europe, covering the entire globe.
In contruction Punj Lloyd has a total of nine years’ experience in big infrastructure projects like building highways, bridges, tunnels and metro systems. , among others. It is their area of expertise in the fabrication of pipelines and the assorted engineering services for the petroleum and liquified natural gas sector.
With its quality and safety goal along with sustainability vision being the driving force behind its business operations, Punj Lloyd has established a strong brand name and reputation for itself. It has earned the trust of the people as a reliable partner for the development of key transport and other related networks.
5. Sadbhav Engineering Ltd
Sadbhav Engineering, with latest reported revenue of ₹1,623.63 crore, the company that is thought to be most proficient in infrastructure development and construction of municipal roads and highways, played an important role in increasing the level of connectivity in India by working on hundreds of kilometers of building highways and roads currently used by a very large number of people.
Sadbhav Engineering excels in designing, constructing highways, roads, bridges, flyovers and tunnels. This demonstrates their role as full developers of roadway infrastructure management. It is their core and maintenance processes, which require them to repeatedly prove that the assets they provide remain in optimal condition for a long time.
6. Tata Projects
Tata Projects, belonging to the well-regarded Tata Group, has made a name for itself in the list of construction companies in India. The company possesses varied skills and has taken on tough projects in many areas like industrial infrastructure, smart cities, power plants and metallurgical facilities, with latest revenue stat of ₹18,045 crore.
It is recognized for its focus on sustainability and community growth. The company aims to create a beneficial effect on the environment and society while executing different projects. Their construction work is seen in railways, urban infrastructure and other significant areas.
On October 1, 2024, Tata Group returned to plans for merging Tata Realty and Infrastructure (TRIL) with Tata Projects. This merger idea was previously thought of but was not implemented.
7. Hindustan Construction Company (HCC)
The Hindustan Construction Company (HCC) is known as one of India’s best construction companies in India. It has a long and prestigious past, having led many famous infrastructure projects in the country.
HCC has knowledge in many areas like waterworks, transportation, power and buildings. They have built dams as well as tunnels along with bridges and highways that make up the important structure of India. One project they completed is the Bandra-Worli Sea Link in Mumbai which is a complex bridge project.
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HCC has been the leading constructor for many of the key landmark Indian infrastructure projects, It built 29% of India’s hydropower capacity, over 65% of India’s nuclear power and established 3800 km of roads and highways, 375 bridges, and complex tunnels of 337 km.
HCC is characterized by its engineering brilliance and devotion to quality, making it one of top 10 construction companies in India. It is frequently selected as a partner for government and private sector customers, according to latest info they have operating revenue of ₹11,152 crore.
The Hindustan Construction Company (HCC) announced on October 29, 2024, that their standalone turnover for the second quarter of fiscal year 2025 was ₹1,203 crore. They also reported a net profit of ₹50.2 crore. In comparison to this report, they had formerly disclosed in the same period during the fiscal year 2024 figures amounting to ₹1,138.8 and ₹52.4 crores respectively in terms of turnover and net profit measures. The currently stated value for the company’s order book is marked at about ₹9,773 crore with an added contract valued at approximately ₹1,031.6 being granted over the course of time through the entire month passed lastly as October.
8. Nagarjuna Construction Company (NCC)
Nagarjuna Construction Company, or NCC for short, is a big construction and infrastructure development company in India. It has many projects throughout the country, working on things like transportation, water supply systems as well as power stations and buildings.
NCC has built many highways, expressways and bridges. This work improves the connection between places and lessens the time taken for travel. The company also carried out big water projects like making dams and irrigation systems to help with India’s water needs management.
NCC’s internal engineering and project management skills make certain that projects are completed on time and with high effectiveness, establishing their place as one of biggest construction companies in India.
A great accomplishment they had was helping to build the Konkan Railway, a project where they needed to find new engineering answers for a tough landscape.
9. Gammon India Ltd
Gammon India Ltd., having a history of more than one hundred years, is a recognized name in the construction sector of India. The company’s participation includes early infrastructure tasks within country and it still progresses to handle present engineering difficulties, currently it holds revenue of ₹52.84 crore.
In the field of building, transport, power and water sectors Gammon India has shown its skills. They have made roads, railways as well as bridges and tunnels that link different places together for easier trade and travel between communities.
A great accomplishment they had was helping to build the Konkan Railway, a project where they needed to find new engineering answers for a tough landscape.
10. IRB Infrastructure Developers Ltd
IRB Infrastructure Developers Ltd is a well-known and top 10 construction firm in India, which is also the leading combined multinational transport infrastructure building company in the highways sector. The company has done many feats, like the first Build-Operate-Transfer project and running India’s first expressway project. IRB has an asset base of about INR 80,000 crores.
It manages and keeps up 15,500 lane kilometers spread over 26 highways across 12 states. IRB owns a part of India’s Toll-Operate-Transfer space, which is 38%. Every day it looks after 1.3 million vehicles through its 72 toll places and has 820 lanes that are okay with FASTag.
Notable projects done by IRB include the 987 kilometer-lanes Ahmedabad-Vadodara Six-Lane Expressway in Gujarat, which cost Rs. 4,880 crores, and the 1,264 kilometer-lanes Nehru Outer Ring Road (Hyderabad ORR) TOT Project in Telangana, which cost Rs. 8,362 crores, showcasing its expertise in executing large, technically complex highway infrastructure.
On October 30, 2024, IRB Infrastructure released its Q2 results which displayed varied outcomes. The corporation experienced a profit increase of 4%, elevating to ₹100 crore from last year’s tally of ₹96 crore. On the contrary, total earnings declined by 7% settling at ₹1,752 crore. Shareholders will receive a dividend of 10 paise per share.
Conclusion
The top 10 construction companies in India are at the forefront, guiding the way for growth of infrastructure development and molding the future of the country. As India keeps on becoming more urbanized and developed, these giants of the construction industry will have an important part to play in linking communities together, enhancing quality of life, as well as constructing a stronger and wealthier nation.
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