EPC Firms to See 9–11 Per Cent Revenue Growth in FY25

29 Aug 2025 CW Team

Diversified engineering, procurement and construction (EPC) companies are expected to record a moderate revenue growth of 9 to 11 per cent in the ongoing financial year, according to an assessment by Crisil Ratings.

This anticipated growth is attributed to sustained infrastructure capital expenditure, robust order books, and improved pace of project execution. Crisil noted a favourable shift in the composition of orders, benefitting large and diversified EPC players.

The findings are based on a study of 15 leading EPC firms, which collectively generated Rs 3.15 trillion (Rs 3,150 billion) in revenue during the previous fiscal year. The positive outlook underscores the momentum in India’s infrastructure sector, particularly in transportation, urban development, and energy, where several large-scale projects are underway.

Crisil highlighted that government-led investment initiatives and enhanced execution efficiency are key contributors to this projected growth.

Infrastructure Urban

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