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

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

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. Tha...

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.

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Technology

Rodic Digital & Advisory partners SatSure to deploy EO intelligence in public sector

Rodic Digital & Advisory (RDA), the strategic advisory and digital transformation arm of Rodic Consultants, has signed a strategic cooperation Memorandum of Understanding (MoU) with SatSure to jointly pursue opportunities in India’s public sector. The collaboration aims to integrate high-resolution Earth Observation (EO) data and geospatial AI into government workflows to strengthen monitoring, compliance, and operational decision-making across key sectors.The partnership combines SatSure’s Earth intelligence capabilities with RDA’s expertise in government digital transformation and ..

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Real Estate

Neoterra Developments breaks ground on ELMORA at Jumeirah Garden City

Neoterra Developments has officially commenced construction of its upscale residential tower, ELMORA, at Jumeirah Garden City following a groundbreaking ceremony held in Dubai. The developer confirmed that the project is scheduled for completion in February 2028 and also announced its next residential development in Dubai Production City, which is expected to be launched in Q2 2026.ELMORA, valued at approximately AED 130 million in gross development value (GDV), is being developed in collaboration with GRID, which has been appointed as the project’s Development Lifecycle Management (DLM) par..

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Real Estate

Bent Collective Unveils Sculptural Papillon Sofa

Bent Collective has introduced the Papillon Sofa, a sculptural seating piece that combines artistic design with everyday comfort. Defined by a fluid silhouette, the sofa features a gently curved backrest, asymmetrical form, rounded seating, a single rolled arm and sleek legs, creating a soft yet expressive presence for contemporary interiors. Upholstered in a soothing blue tone, the Papillon Sofa is designed to bring a sense of calm, movement and visual lightness to living spaces. Its organic form moves away from rigid lines, reflecting the brand’s focus on furniture that is both i..

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