Revenue of EPC firms to grow 12-14 percent in FY25: CRISIL Ratings

02 Jul 2024 CW Team

This fiscal year, diverse engineering, procurement, and construction (EPC) firms are expected to see a 12–14 percent increase in income due to robust order books that include both domestic and foreign contracts, as well as a stable pace of execution in the infrastructure sector.

That comes after five fiscal years of 10 per cent yearly growth through 2024. According to a CRISIL Ratings report, there were 13 big and 162 small and mid-sized diversified EPC companies.

Their estimated total revenue for the previous fiscal year was Rs.3.5 trillion, which accounts for one-third of all construction spending in India.

Also, investments in India’s key infrastructure sectors, renewable energy, roads and real estate are expected to grow by 38 percent in FY’25 and FY’26.

The surge will ride on India’s need for creation of sustainable infrastructure by adding more green power to the energy mix.

According to CRISIL, the key growth driver for renewables is demand for sustainable energy transition.

The government’s target is driving up auctions and India saw auctions of 35 GW in fiscal 2024, the highest ever in a single fiscal, resulting in a strong pipeline of 75 GW.

Real Estate

10 Apr 2026

Keystone Realtors Reports Record FY26 Pre-Sales

Keystone Realtors reported its highest-ever pre-sales of Rs 13.46 bn in Q4FY26, compared to Rs 8.54 bn in Q4FY25, marking a 58 per cent year-on-year increase. For the full year FY26, pre-sales stood at Rs 40.22 bn against Rs 30.28 bn in FY25, reflecting a 33 per cent rise and meeting the company’s full-year guidance.Collections also reached a record high of Rs 8.53 bn in Q4FY26, up from Rs 7.47 bn in Q4FY25, registering 14 per cent year-on-year growth. For FY26, collections rose to Rs 26.21 bn from Rs 23.27 bn in FY25, showing a 13 per cent increase.During Q4FY26, the company launched two pr..

Ekta Victoria Brings Boutique Living to Bandra West

Ekta World has unveiled Ekta Victoria, a boutique residential development on St Alexious Road in Bandra West, one of Mumbai’s most premium neighbourhoods. Located close to Pali Hill, the project combines colonial architectural influences with contemporary luxury living. The 11-storey tower is designed to bring a distinctive visual identity to the Bandra skyline while offering residents both tranquillity and urban connectivity. The project has received its RERA registration and is expected to be ready for possession in 2028.The development offers two- and three-bed residences ranging from 904..

NAREDCO Maharashtra Backs Rental Housing Push

Rental housing must be incentivised through tax reliefs and policy reforms to make ‘Housing for All’ achievable at scale, said Dr Niranjan Hiranandani, NAREDCO and Managing Director, Hiranandani Group, at NAREDCO Maharashtra’s recent Change of Guard Ceremony in Mumbai.At the event, Kamlesh Thakur, Founder and Managing Director, Srishti Group, took over as President of NAREDCO Maharashtra from Prashant Sharma. The new leadership outlined an inclusive agenda centred on policy advocacy, transparency and sectoral growth.NAREDCO Maharashtra also launched the ‘NAREDCO ONE’ digital app to b..