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

Mumbai is on the verge of complete transformation

Pratap Padode: Maharashtra’s infrastructure plan seems to be rolling out project after project: the Navi Mumbai International Airport, Coastal Road, Shaktipeeth Expressway, Worli-Sewri Connector and Vadhavan Port. What is driving this momentum?Ashwini Bhide: Maharashtra has always been at the forefront of infrastructure development. Our vision is to be a $ 1 trillion economy by 2030 and $ 5 trillion by 2047. To achieve this, massive investments in infrastructure are essential. Being over 50 per cent urbanised, our cities must be future-ready. We are also addressing regional disparities, focu..

Forging a Balance

The ongoing boom in real estate and infrastructure was bound to spill over to the steel sector. Rating agency ICRA estimated demand for domestic steel to have grown at 10 per cent in FY25, but to moderate to 7-8 per cent in FY26 on the back of a slowdown in public capital expenditure.Homemade steelAbout two-thirds of India’s domestically produced steel is consumed by infrastructure and construction, and nearly a third for government projects, observes Shalabh Chaturvedi, Managing Director, CASE Construction Equipment, India & SAARC region. Real estate predominantly uses only domestic steel..

Equipment India Awards 2025

On September 4, 2025, at the Jio Convention Centre, Mumbai, Anand Sundaresan, Director on the Board and Advisor to the Chairman at Ammann India, received the Equipment India Lifetime Achievement Award 2025, as the hall rose and gave him a standing ovation. For an industry that has seen him steer organisations, inspire teams and raise standards, this moment was more than recognition – it was gratitude.Sundaresan’s acceptance struck a chord with warmth and humility: “I accept it with pride and dedicate it to my family, colleagues and the entire construction industry. This aw..