India's Infrastructural Development and the Top Stars

India’s Infrastructural Development and the Top Stars |Infra Bazaar

Posted By:Infra Bazaar

India's infrastructural development is scaling greater heights with each new day. One of the most talked about aspects of the global financial crisis has been the resilience shown by emerging economies – particularly by India. Indian economy’s competence to considerably shield itself from external influences has resulted from a strong domestic market and a sturdy performance by the infrastructure industry led by some of the established as well as rapidly emerging companies. India’s infrastructure companies have shown their expertise in dealing with the challenges and making the most of the available opportunities – both critical qualities for achieving great success.

Full credit should be given to the infrastructure companies that positively used the government’s support to their advantage and added substantially to the cause of nation building. While there are hundreds of companies who continue to participate in India’s infrastructure story, it is always an interesting and insightful exercise to find out the names of the leaders.

We present the TOP stars based on various criteria including research & analysis, financial results for the recently ended fiscal, order book standings, general market perception, key ongoing projects and so on.


1. Larsen & Toubro

6. Punj Lloyd

Started in: 1938

Started in: 1978

Order book value: Rs. 1,30,000 Crores

Order book value: Rs. 23,938 Crores

Founders: Henning Holck-Larsen and Soren Kristian

Founder: Atul Punj


Atul Punj, third generation in their family business, started the pipeline division of Punj Sons Private Limited in 1982 which was later incorporated as Punj Lloyd Engineering Private Limited in 1988. The company was rechristened Punj Lloyd Private Limited in the following year and subsequently became Public Limited in 1992.

Major Projects:

Major Projects:

L&T - Gujarat Refinery for IOCL,  L&T - Fertilizer plant for NFCL, Kakinada, L&T - Many critical components for PSLV,  L&T - Krishnagiri - Thopur, Tamilnadu - Krishnagiri bypass by L&T IDPL, L&T -  Panipat Elevated Corridor by L&T IDPL, L&T - Coimbatore Bypass, Tamil Nadu by L&T IDPL

Punj Lloyd - Bangalore Metro Rail, Punj Lloyd - Heera field redevelopment for ONGC, Punj Lloyd - 4 x 250 MW Thermal Power Plant Station, India for Jindal Power Ltd, Punj Lloyd - 5MW Solar power plant at Bap, Rajasthan, Punj Lloyd - 500 MW (2x250 MW) Chhabra Thermal Power Project

2. Jaiprakash Associates

7. IVRCL Limited

Started in: 1979

Started in: 1987

Order book value: Rs. 55,000 Crores

Order book value: Rs. 21,550 Crores

Founder: Jaiprakash Gaur   


Major Projects:

Major projects:

Jaypee Group - 1450MW HEP at Sardar Sarovar Dam, Gujarat, Jaypee Group - Yamuna Expressway, Jaypee Group - 1000 MW Karcham Dam on River Satluj, H.P., Jaypee Group - Cement Blending & Gridning Unit at agheri, UP

IVRCL - India's largest desalination plant at Minjur, Chennai, IVRCL - Metro Rail at Byappanahalli Elevated Metro station for Bangalore Metro Rail Project (BMCRL), IVRCL - Transmission Line , Jammu & Kashmir, IVRCL - Veeranam Water Supply Scheme, Tamilnadu, IVRCL- Kumarapalayam-Chengapalli NH BOT road project

3.  Lanco Infratech

8. Hindustan Construction Company

Started in: 1979

Started in: 1926

Order book value: Rs. 31,016 Crores

Order book value: Rs. 17,007 Crores

Founders: Amarappa Naidu, Venkata Rama Naidu and Venkata Ratnam Naidu

Founder: Walchand Hirachand

In 1960, the three brothers, laid the foundation of LANCO by starting a transport business with one truck (a converted bus) inherited from their father L.V. Subba Naidu.

Walchand Hirachand, the son of a cloth merchant in Sholapur, Maharashtra, dared to dream big. As a nationalist, he found British rule offensive and resolved early in his life to fight it - not by joining the political struggle but by breaking the rules that forbade Indian businessmen from entering areas of enterprise that challenged British monopolies. By the end of his life, he left behind an empire that is considered the foundation of modern transportation in India.

Major Projects

Major Projects:

Lanco Infratech -Devihalli Highways, Lanco Infratech - Udupi Power Corporation Ltd (UPCL) at Yellur in Udupi district

HCC - Koodankulam Power Plant, HCC - Mumbai, Pune Expressway, HCC - Bandra Worli Sealink

4. Reliance Infrastructure Limited

9. Nagarjuna Construction Company Limited

Started in: 2002

Started in: 1978

Order book value: Rs. 28,000 Crores

Order book value: Rs. 17,000 Crores

Reliance Infrastructure limited was renamed from Reliance Energy in 2008. Reliance energy was formed by acquiring Bombay Suburban Electric Supply (BSES)

Founder: AVS Raju

Major Projects:

Major Projects:

Reliance Infrastructure -Delhi Airport Express, Reliance Infrastructure - Nanded Airport, Reliance Infrastructure - 2 x 250 MW Coal based Thermal Power Station at Dahanu, Maharastra

NCC Limited - DMRCL Metro Line, New Delhi

5. GMR Infrastructure

10. Gammon India

Started in: 1978

Started in: 1922

Order book value: Rs. 24,000 Crores

Order book value: Rs. 15,100 Crores

Founder: Grandhi Mallikarjuna Rao

Founder: John C. Gammon

G M Rao established the GMR business empire starting from a single jute mill in Rajam, located at the Srikakulam district of Andhra Pradesh in 1978.


Major Projects:

Major Projects:

GMR - Hyderabad Airport, GMR - Delhi Airport

Gammon India - Hebbal Interchange, Bangalore, Gammon India - Gateway of India, Mumbai