X

Blog

List of Top 10 Indian Construction Companies

Last Updated on 10th January 2024

India is witnessing an upsurge in construction activities due to the increasing infrastructure and real estate demand. The construction industry in India has emerged as a vital sector for the economy's growth. It is one of the key drivers of economic development, providing employment opportunities and contributing to the nation's GDP. India is home to several world-class construction companies that are involved in building infrastructure and real estate projects across the country.

 

This blog post provides all the necessary information you need to know about the top Indian construction companies and how they have helped to build India’s infrastructure lifeline by delivering challenging mega construction and infrastructure projects.

 

A brief overview of the construction industry in India

According to government estimates, the construction Industry in India is expected to reach USD 1.4 Tn by 2025 from USD 701.7 billion in 2022 at an estimated CAGR of 6%. With the government prioritizing infrastructure development, the time is most suitable for infrastructure investment in India.

 

The creation of a USD 2.5 Bn development finance institution called the National Bank for Financing Infrastructure and Development (NaBFID) to allow seamless access to fund infrastructure projects in India is a significant boost towards the cause. Furthermore, the government has allowed 100% FDI (Foreign Direct Investment) into many construction sectors like urban transport, water supply, and sewerage.

 

Construction Industry Trends in India

Rapid Urbanization

The government of India anticipates that more than 40% of the Indian population will be living in urban areas by 2023, up from 34% in 2022. This means the development of urban infrastructure has unprecedented demand.

 

Adoption of Green Building Solutions

Along with the growth of urban centers, the demand for power consumption will also rise. Cities would boost energy demand for powering buildings, making measures such as the revised Energy Conservation Building Code (ECBC), extremely important. The use of green building materials, and energy-efficient HVAC and lighting systems are at the forefront of the new paradigm.

 

Technology/AI Shaping the Industry

Cost efficiencies, faster construction, and higher quality are driving the implementation of techniques such as aluminum formwork, prefabricated buildings, building information modeling (BIM), etc.

 

Major sectors that contribute to the growth of the construction industry in India

Residential construction

The residential construction or real estate sector is a major contributor to the growth of the Indian construction industry. Besides growing demands for various housing units, the Indian government’s push saw a significant rise in affordable housing in India. 

 

Moreover, the impeccable GDP growth in India has allowed the growth of the middle class supported by the easy availability of housing loan facilities have taken the growth trajectory of Indian real estate secretary to new heights. 

 

Energy construction

With a target to become carbon-neutral by 2070, the government has pressed for altering the electricity generation sources from fossil-based to non-fossil-based energy resources. The government is already investing heavily in renewable energies like solar and wind across different parts of the country. The Bhadla Solar Park in Rajasthan - the world’s largest solar park is an example of that.

 

Even in green mobility, the government is providing substantial amounts of subsidies to new-age companies for developing EVs in India, including two-wheelers, three-wheelers, and four-wheelers. (check out the companies here)

 

Infrastructure construction

The infrastructure sector has obviously been the steer-wheeling force driving the Indian construction industry as well the Indian Economy. Both government entities as well private entities are investing heavily in infrastructure projects in India. The major project categories include rail infrastructure, road infrastructure (including bridges and tunnels), and water transport infrastructure projects such as the SAGARMALA Projects

 

Apart from civil infrastructure, the government is also boosting investment in strategic infrastructure such as the Chenab Bridge - world’s tallest railways bridge and all-weather connectivity tunnel in the Himalayan Mountains to connect strategically sensitive areas of Jammu & Kashmir to the mainland of India.

 

Industrial construction

The projects in this industry range from chemical and pharmaceutical plants to factories producing and processing metals and materials to landfills. A recovery in manufacturing and export activity, as well as an uptick in new manufacturing investment, are fuelling the growth in industrial construction output over the forecast period.

 

Commercial Construction

Hospitality and leisure buildings, workplaces, outdoor recreational spaces, retail malls, and other commercial structures all fall under this category. Rapid urbanization has an inherent impact on the growth of these sectors. Moreover, REITs are making it possible for retail investors to participate in funding infrastructures like data centers and office spaces. 

 

Constructing Institutions

Educational and healthcare facilities, as well as institutional and research centers, and even places of worship, are all examples of the kinds of construction projects that fall under this category. Investment in health, education, and research projects will boost growth in the output of the institutional building sector during the forecast period. The Health and Family Welfare Department and the National Health Mission (NHM) both received funding for capital expenditures in the 2023–2024 union budget presented by the Union Finance Minister Nirmala Sitharaman.

 

Top 10 construction companies in India

Larsen & Toubro Limited

Founded

1946

Address

Mumbai, India

Services

Real Estate

Technology

Engineering

Construction

Manufacturing

Operation and Maintenance

Sector

Civil

Industrial

Commercial

Energy

Technology

Major Projects

Riyadh Metro

Hyderabad Metro

Mumbai International Airport

Western Dedicated Freight Corridor

 

Larsen & Toubro, popularly known as L&T, is India's largest construction company with a strong presence in over 50 countries. The MNC is engaged in EPC Projects, Hi-Tech Manufacturing, and Services. It operates in over 50 countries worldwide. 

 

With a history of over 80 years, the company has a diversified portfolio that includes engineering, construction, electrical, automation, hydrocarbon, and information technology services. 

 

Being the largest EPC company in India, L&T has executed some of the most significant infrastructure and engineering projects in India, such as the Delhi Metro Rail Corporation, Mumbai International Airport, and Hyderabad Metro Rail.

 

Tata Projects Limited

Founded

1979

Address

Mumbai, India

Services

Turnkey Solution

Civil Engineering

Construction

Sector

Urban Infrastructure

Oil & Gas

Space and Nuclear

Metal & Mineral

Power

Major Projects

New Parliament Building, India

Noida Smart City

Mumbai Trans Harbor Link

 

Tata Projects Limited is one of the biggest construction companies in India and a part of the Tata Group, one of India's largest business conglomerates.

 

The company, one of the best EPC contractors in India, has a diverse portfolio that includes power, water, urban infrastructure, industrial infrastructure, and oil and gas sectors. Tata Projects has a proven track record of executing some of the most notable projects, such as the Mumbai Metro Line 3 and the Delhi-Meerut Expressway.

 

Tata Projects has a robust project management system and a skilled workforce of over 6,000 employees. The company has a strong focus on safety, sustainability, and innovation, and has been recognized for its efforts in these areas. Tata Projects has a healthy order book and a strong financial position, which positions it well for future growth and expansion.

 

Shapoorji Pallonji and Company Limited

Founded

1865

Address

Mumbai, India

Services

Engineering

Construction

Sector

Civil

Industrial

Commercial

Major Projects

Reserve Bank of India, Mumbai

Bombay Stock Exchange, Mumbai

Taj Intercontinental Hotel, Mumbai

Ebene Cyber City, Mauritius

 

Shapoorji Pallonji and Company Limited (SPCL) is one of the oldest and most reputed construction companies in India, with a history of over 150 years. Being one of the mega Indian infrastructure companies, SPCL has a diverse portfolio that includes construction, real estate, and infrastructure development. SPCL has executed some of the most significant infrastructure and real estate projects in India, such as the Mumbai International Airport and the Chennai Metro Rail.

 

SPCL has a strong project management system and a skilled workforce of over 30,000 employees. The company has a strong focus on innovation and sustainability and has been recognized globally for its efforts in these areas. SPCL has a healthy order book and a strong financial position, which positions it well for future growth and expansion.

 

Hindustan Construction Company Limited

Founded

1926

Address

Mumbai, India

Services

Civil Engineering

Modular Construction

Turnkey Construction

Tunneling

Sector

Civil

Industrial

Commercial

Major Projects

Chamera Hydro Power Project Stage I, Himachal Pradesh

Kolkata Metro, West Bengal

Mumbai-Pune Expressway, Maharashtra

Pir Panjal Tunnel, Jammu & Kashmir

 

Hindustan Construction Company Limited (HCC) is ranked as one of the top Indian civil engineering companies, with a history of over 90 years. The company's diverse portfolio includes infrastructure development, water supply, and renewable energy. HCC has executed some of the most significant infrastructure and real estate projects in India, such as the Bandra Worli Sea Link and the Mumbai Metro Rail.

 

Hindustan Construction Co Ltd has a strong project management system and a skilled workforce of over 10,000 employees. The company has a strong focus on safety, sustainability, and innovation, and has been recognized for its efforts in these areas. HCC has faced some financial challenges in recent years due to the slow pace of project execution, but the company has taken steps to address these challenges and improve its financial position.

 

IRCON International Limited

Founded

1976

Address

New Delhi, India

Services

Civil Engineering

Modular Construction

Turnkey Construction

Tunneling

Sector

Railways

Highways

Signaling/Telecom

Aviation

Major Projects

250 KM/PH High-Speed Railway (HSR) Line

Shivpuri Guna Highway

New Rail Coach Factory, Raebareli

 

IRCON International Limited is a leading construction company in India and a subsidiary of the Indian Railways. The company has a diverse portfolio that includes railway construction, highways, and urban infrastructure. IRCON has executed some of the most significant railway and infrastructure projects in India and overseas, such as the Tehran-Mashhad railway in Iran and the Chardham highway project in India.

 

The company specializes in various sub-sectors of railway infrastructure like railway electrification, signal, and telecommunications. Apart from that the company has emerged as a leading road infrastructure company in India, contributing to building roads and highways along with civil infrastructure projects like airport runways and airport constructions. It also deals with leasing locomotives and building mass rapid transit systems, etc.

 

The Company was the first to get the ISO-9001:2008 Certification from TUV Germany for its full range of construction activities. The Company has completed more than 370 landmark infrastructure projects in India and across the world.

 

Gammon India Limited

Founded

1922

Address

Mumbai, India

Services

Civil Engineering

Design

Construction

Sector

Civil

Industrial

Power

Major Projects

Sharjah International Airport Terminal

Cable Stayed Bridge, Sikkim

500 MW Thermal Power Station, Trombay

Gammon India Limited is one of the oldest and most reputed construction companies in India, with a history of over 100 years. With over 4,000 employees, Gammon ranks as one of the best Indian civil engineering companies.

 

The company's diverse portfolio includes infrastructure development, real estate, and engineering services. Gammon India has executed some of the most significant infrastructure and real estate projects in India, such as the Mumbai-Pune Expressway and the Delhi Metro Rail.

 

Megha Engineering & Infrastructures Limited

Founded

1989

Address

Hyderabad, India

Services

Civil Engineering

Power Distributions Network

Engineering Solutions

Sector

Irrigation

Power

Hydrocarbon

Transportation

Civil Infrastructure

Major Projects

Solar Project, Anantapur

Godavari Drinking Water Supply Scheme Projects

WUPPTCL Project, Uttar Pradesh

 

Megha Engineering & Infrastructures Limited or MEIL is a diverse industrial conglomerate, established in 1989. It is a fast-growing global scale company that has completed many classic landmark projects featuring the changes of the times and commemorating economic and cultural development. It has also built many major infrastructure projects across the globe to improve people's livelihoods. 


MEIL operates through its major business lines such as water management, engineering, construction, manufacturing, transportation, hydrocarbons, power, process industries, and defense. MEIL strives to utilize indigenous technological innovations for the common benefit of all sections of society. 


For more than 30 years, the company has maintained its leading position in its major businesses by putting the client first and adhering to safety and environmental requirements. MEIL is committed to delivering projects 'On-Time' by constantly evolving industry-leading knowledge, expertise, and experience and employing innovative and impeccable process methodologies and technologies. 

 

KEC International Limited

Founded

1945

Address

Mumbai, India

Services

Turnkey Solutions

Tower Testing

Engineering Design

Manufacturing

Sector

Civil

Industrial

Commercial

Major Projects

Central Dresden Power Plant

The Mercedes-Benz World in Stuttgart

Ting Kau Bridge in Hong Kong

 

KEC International Limited, the flagship company of RPG Enterprises, is a diversified global EPC major. With over seven decades of experience in the verticals of Power Transmission & Distribution, Railways, Civil, Urban Infrastructure, Oil & Gas Pipelines, Solar, Smart Infrastructure, and Cables, is one of the best civil engineering companies in India.


The EPC major has a global footprint in more than a hundred countries. The company is presently executing projects in over thirty countries. Known for constant quality, technology, capacity, and capability, KEC reinvents itself to retain its leadership position in its domain.


KEC's strengths lie in the areas of Design, Manufacturing, Supply, and Construction of Turnkey Projects of Power Transmission lines of voltages up to 1,200 kV, setting up Sub-stations and Power Distribution Networks, Optical Fibre Cable (OPGW) installations, turnkey railway infrastructure, civil infrastructure projects & renewable energy projects.


KEC has one of the largest global annual production capacities of 4,22,000 MTs, which includes the production of towers, poles, hardware, structures for railways & solar. The company has 8 factories in India, UAE, and the Americas.

 

Simplex Infrastructures Limited

Founded

1924

Address

Kolkata, India

Services

Civil Engineering

Modular Construction

Design

Sector

Transport

Energy & Power

Mining

Marine

Major Projects

State Assembly & High Court Building, Imphal, India

Reliance Refinery Complex, Jamnagar, Gujarat

Goa Shipyard

 

Simplex Infrastructures Ltd. is a major road, highway, and civil infrastructure company in India. Established in 1924, the company operates across several sectors like Transport, Energy & Power, Mining, Buildings, Marine, Real Estate, etc.


Lately, the company has diversified its portfolio to include real estate and engineering services. Simplex Infrastructures has executed some of the most significant infrastructure and real estate projects in India, such as the Kolkata Metro Rail and the NHPC Subansiri Lower Hydroelectric Project.


GMR Group

Founded

1978

Address

Mumbai, India

Services

Civil Engineering

Modular Construction

Turnkey Construction

Operation and Maintenance

Sector

Urban Infrastructure

Energy

Airports

Sports

Major Projects

Mactan Cebu International Airport, Philippines

Indira Gandhi International Airport, Delhi

GMR Goa International Airport, Goa

Hyderabad - Vijayawada NH-9

 

GMR Group is a leading infrastructure company in India, with a diverse portfolio that includes airports, energy, highways, and urban infrastructure. GMR Group has executed some of the most significant infrastructure projects in India, such as the IGI Airport in Delhi and RGI Airport in Hyderabad, It has built the Rajiv Gandhi International Cricket Stadium as part of its sports infrastructure portfolio.

 

GMR Group has a strong project management system and a skilled workforce of over 15,000 employees. The company has a strong focus on innovation and technology and has been recognized for its efforts in these areas. GMR Group is undoubtedly one of the most renowned civil engineering companies in India known for delivering mega construction projects.

 

Some other notable EPC companies in India

Here are some other notable civil engineering, real estate, road & highway infrastructure companies that make up the top 20 infrastructure companies in India

  1. Punj Lloyd Ltd.
  2. Reliance Infrastructure Ltd.
  3. Dilip Buildcon Ltd.
  4. NCC Ltd.
  5. Ashoka Buildcon Ltd.
  6. Lodha Group
  7. Afcons Infrastructure Ltd.
  8. DLF Ltd.
  9. JP Associates Ltd.
  10. J.M.C. Projects

 

Future of Indian construction companies

The future of Indian construction companies looks bright for several factors which are discussed below.

Infrastructural Growth

India is witnessing rapid infrastructural development across sectors such as roads, railways, airports, ports, and urban infrastructure. The government's focus on initiatives like Bharatmala, Sagarmala, Smart Cities Mission, and affordable housing schemes provides ample opportunities for construction companies to participate in large-scale projects.

Urbanization and Population Growth

With a burgeoning population and increasing urbanization, the demand for residential and commercial spaces is on the rise. Construction companies can benefit from the construction of new townships, residential complexes, office buildings, shopping malls, and entertainment centers to cater to the growing urban population.

Government Initiatives

The Indian government has been promoting policies and initiatives to boost the construction sector. Programs such as "Housing for All," "Make in India," and "Atmanirbhar Bharat" encourage domestic construction companies to expand their operations and contribute to the country's economic growth.

Foreign Investment

The resilient GDP growth and strongly growing emerging Indian economy is attracting foreign investors to invest in the country’s construction sector. Coupled with the ease of doing business and favorable government policies and business reforms made India an attractive investment destination for global construction companies. Apart from that Indian companies are collaborating with their foreign peers to form Joint Venture to share knowledge, expertise, and capabilities that mutually benefit each other.

Infrastructure Financing

The availability of infrastructure financing options, such as public-private partnerships (PPPs), infrastructure investment trusts (InvITs), and dedicated infrastructure funds, provides construction companies with the necessary financial support to undertake large-scale projects. These financing mechanisms ensure a steady flow of capital and reduce the burden on the government's finances.

Technological Advancements

Construction technology has been rapidly advancing and the biggest construction companies in India are adopting technology-driven solutions like Building Information Modeling (BIM), robotics, drones, and modular techniques to deliver their services more efficiently. This has resulted in positive results such as enhanced productivity, reduced cost overruns, improved safety, and more importantly timely delivery of projects.

International Opportunities

Apart from their robust performances in their home country, Indian infrastructure companies have recently been expanding their presence globally. Their expertise in infrastructure development, engineering services, and construction project management is at par with some of the world’s largest EPC companies.

 

Want a detailed company profile?

Are you looking for in-depth insights into the profile, financials, portfolio of projects, and operations expertise of a construction company in Germany? Get in touch with us today.

 

Why is this list of the largest Indian EPC companies important?

This list is important for Building/Project Owners, Clients, Engineers, SubcontractorsConstruction Project Managers, Building Material Suppliers, and Architects. A compiled list of the most reputable and reliable construction companies in Germany can allow you to identify the best relevant partners and address them directly for your next project.

 

If you want more information on the largest construction/EPC companies in the world, check out our publication here.

 

Looking for ongoing and upcoming construction projects in Germany?

 

Check out our Global Project and Tender Tracker and explore 200000+ projects from the announcement to the commissioning stages. Also, get verified contact details of project stakeholders to propose associations and new business opportunities.

How can we help
you today?

CONTACT AN EXPERT