Construction Sector Revenues to Grow 12-15% by FY25: ICRA

06 May 2024 CW Team

According to ICRA, entities in the construction sector are poised to experience a significant revenue growth of 12-15% by the fiscal year 2025. This optimistic projection reflects the sector's potential for expansion and recovery in the coming years.

The forecasted revenue growth underscores the construction sector's resilience and adaptability, despite facing challenges such as the COVID-19 pandemic and economic uncertainties. The sector's ability to rebound and achieve double-digit revenue growth indicates its fundamental strength and vitality.

ICRA's projection is based on various factors, including increased government spending on infrastructure projects, rising demand for residential and commercial real estate, and the gradual recovery of the economy. These factors are expected to drive growth across the construction sector value chain.

The anticipated revenue growth presents opportunities for construction companies to capitalise on emerging trends and market dynamics. By leveraging technological innovations, adopting sustainable practices, and enhancing project execution capabilities, entities in the construction sector can position themselves for success in a competitive environment.

The positive outlook for the construction sector aligns with broader efforts to stimulate economic growth and infrastructure development in India. As the government continues to prioritise investment in key sectors such as transportation, housing, and urban infrastructure, the construction industry is poised to play a crucial role in driving economic recovery and job creation.

Overall, ICRA's forecast of 12-15% revenue growth for the construction sector by FY25 reflects confidence in its long-term prospects and underscores its potential to contribute to India's economic resurgence.

Infrastructure Transport

01 Jun 2026

MMRDA advances 250 m on Orange Gate–Marine Drive tunnel

The Mumbai Metropolitan Region Development Authority (MMRDA) has completed 250 m of underground tunnelling for the Orange Gate–Marine Drive Urban Road Tunnel using India’s largest slurry shield tunnel boring machine (TBM) deployed for an urban road project.The project involves twin tunnels extending over 7 km beneath critical transport corridors, including Central Railway, Western Railway and Metro Line 3. The work requires high-precision engineering to navigate densely developed urban infrastructure.Once completed, the tunnel is expected to reduce travel time between Orange Gate and Marin..

Hindustan Zinc Pays Rs 188.46 Billion in FY26

Hindustan Zinc contributed Rs 188.46 billion to the public exchequer in FY 2025-26, according to its 9th Tax Transparency Report. The contribution, equivalent to 46 per cent of the company’s revenue, included direct and indirect taxes, government royalties, dividends to the Government of India, withholding taxes and other statutory levies.The company’s five-year cumulative contribution to the exchequer stood at Rs 915.72 billion. In FY26, Hindustan Zinc reported revenue of Rs 408.44 billion, EBITDA of Rs 221.62 billion and profit after tax of Rs 138.32 billion. It also achieved its highest..

World of Concrete India 2026 Opens in Mumbai

Informa Markets in India will host the 12th edition of World of Concrete India 2026 from 3–5 June 2026 at the Bombay Exhibition Centre, Mumbai. The specialised B2B exhibition will bring together manufacturers, suppliers, contractors, developers, architects, consultants, infrastructure companies, project leaders and government stakeholders.The event is expected to feature over 350 brands and more than 18,000 trade professionals. It will cover concrete and cement, dry mortar, precast technologies, formwork, construction chemicals, industrial and commercial flooring, scaffolding, safety solutio..