It is being expected that by 2025 Construction market of India is going to emerge as third globally.
The construction Market comprises Real estate and Infrastructure Development.
In this article, we are going to see the Top 10 Construction companies in India which contribute to this market on the global stage.
The Construction industry in value terms is expected to record a CAGR of 15.7% to reach $ 738.5 billion by 2022.
Infrastructure sector includes construction of power, bridges, dams, roads, and urban infrastructure development.
Top 10 Construction Companies in India
1. Larsen & Toubro Ltd.
It is considered a giant construction company. In India, it is headquartered in Mumbai. It was established in 1938 by two Danish Engineers. Their names are Henning Holck Larsen and Soren Kristian Toubro.
In the early times of their establishment, they used to deal in dairy-related instruments. But at that time world war, 2 begins which prohibited them to import their products. So they started a small lab for instrument maintenance of the instrument. At the time only this company was fortunately uplifted as they get the work of maintenance of Ships.
By this ,they entered in the field of the shipyard and ships business. After some years they collaborated with a Japan-based motor company Mitsubishi Motors and constructed a supercritical boiler and steam Turbine Generator.
L & T is considered in the top 5 fabrication Companies. They generally take tenders in the Civil, Electrical, Mechanical, Instrumentation field.
2. GMR Infrastructure Ltd
Started in 1978 before economic reform. It started in Andhra Pradesh.
GMR started with 28 businesses including Jute, Sugar, Banking, and many more.
In 1990 when globalization was yet to start, it diversified its capital in various sectors.
After some time, they sell out their major share of the bank to the ING group.
After some time after realizing the need and growth of infrastructure in India, They entered this segment too. With time they gained momentum and maintains their pace of business, and as a result, now they became a large diversified infrastructure player in the country
They are indulged in creating world-class assets in the power sector, highway, and many more. They have 10 power generating assets, they have coal reserves in India. They have not restricted only to the power sector they have 9 operation highways in India.
Their Prestigious works are
- Rajiv Gandhi International Airport, Hyderabad
- Indira Gandhi International Airport, Delhi
3. KEC International Ltd.
Kamani Engineering Corp. was established in 1945 by Ramjibhai Kamani. It is headquartered in Mumbai. KEC is part of the INR 255 billion RPG group engaged in the works of Power Transmission and Distribution, Railways, Civil, Urban Infrastructure, Solar, Smart Infrastructure, and cables.
Till now they have delivered iconic projects in more than 100 countries which include the Regions of India, SAARC, EAP, Africa, the Middle East, and America.
4. Ircon International Ltd.
Indian Railway Construction Limited is a subsidiary of India Railways that was established by the central government in 1976. Its primary focus was the construction of railway projects in India and foreign countries. But later IRCON diversified into another sector of transport and infrastructure.
IRCON has done its best by imparting its projects in more than 30 countries across the Globe.
IRCON is also a stakeholder in IRSDC and Rail Land Development Authority.
5. IRB Infrastructure Developers Ltd
IRB Infrastructure Developers Ltd was incorporated in 1998 which is now headquartered in Mumbai, Maharashtra. They mainly deal in highway projects. It was first to indulge in BOT (Build Operate Transfer) road projects
In 2012 IRB acquired a BOT road builder named MVR Infrastructure and Tollways for 130 Crore Rupees.
If we see their remarkable project it bags Mumbai Pune Expressway and Ahmedabad Vadodara Expressway.
6. Rail Vikas Nigam Ltd
Like IRCON, RVNL is also a subsidiary of Indian Railways run and managed by the Indian Government. It is also honored with Mini Ratna 1 status in 2013.
Over the past, they worked very significantly and completed various projects of Railways. RVNL holds stocks in various Projects and Company which include Kutch Railway Company Ltd, Bharuch Dahej Railway Co Ltd, Digi Roha Rail Ltd, Haridaspur Paradip Railway Co Ltd, and many more. It is 6th in our list of top 10 construction companies in India.
7.KNR construction Ltd.
KNR was incorporated in1995. They started their work in the field of Infrastructure development. In the year 2008 KNR was listed in BSE and NSE. They have their significant works in almost every state of India.
8. NCC Ltd.
Nagarjuna Construction Company Ltd. Was founded in 1978 by Padma Shri Awardee DR. AVS RAJU. In the year 1990, it became a limited company and listed on NSE. NCC is considered as 2nd among construction companies by revenue.
9. Ashoka Buildcon Ltd.
Ashoka Buildcon Ltd was incorporated in 1993.
This company was also indulged in BOT (Build Operates Transfer) bags; their first project of BOT IN 1997 name of the project was Dhule Bypass in Maharashtra. With their emerging passion, they completed this project in the same year. Ashoka buildcon also started their business in RMC.
10. PNC Infratech Ltd
PNC Infratech is one of the top 10 construction companies in India. It engaged in India’s infrastructure development through the construction of highways including BOT (built, operate, and transfer projects), HAM (Hybrid Annuity Model), Airport Runways, Bridges, Flyovers, and Power Transmission projects, among others.