Top 10 Construction Companies In India 2022
The construction industry can be considered to be the largest sector in India and one of the largest employers in the country after agriculture. The construction industry is responsible for the second-highest inflow of FDI and approximately employs about 35 million people. The whole development industry in India is as of now esteemed at more than $192 billion and is relied upon to reach $1Trillion by 2030.
The development business has greatly influenced the development of the country by offering over 5% to the country's GDP at present and is relied upon to expand this to 15% by 2030. The construction of world-class roads, enhanced transportation systems, urban infrastructure, advanced railways and airports, have pushed India as one of the world’s construction leaders.
India has been at the forefront of the construction industry and its development in the world because of the top construction companies in the country executing massive, complex and regular projects with advanced technologies and expertise. These companies have not only improved and fulfilled the infrastructural requirements within the country but also across the world, setting examples of engineering feats in construction.
Top 10 Construction Companies in India
There are numerous construction companies currently existing in India that have accomplished landmark government and private projects over time and the top 10 of those construction companies in rank sequence have been given below:
01 - Larsen & Toubro Ltd
02 - GMR Group
03 - Dilip Buildcon Limited(DBL)
04 - Tata Projects
05 - Hindustan Construction Company(HCC) Ltd.
06 - SP Engineering and Construction
07 - IRCON International Limited
08 - NCC Limited(Formerly Nagarjuna Construction Company)
09 - Reliance Infrastructure Limited(RIL)
10 - Jaypee Group
01 - Larsen & Toubro Ltd
- Market Capital - 2,65,847 Cr
- Revenue - 76,751 Cr
- Headcount - 3,337,994
- Website - https://www.larsentoubro.com/, https://www.lntecc.com/
Famously known as L&T(spelled LNT), Larsen and Toubro is an Indian multinational construction company headquartered in Mumbai, Maharashtra. It was established in 1938 by Danish engineers Henning Holck ‘Larsen’ and Soren Kristian ‘Turbo’, living in India as refugees.
LNT is presently the number one construction company in India and one of the top 30 construction companies in the world with S.N. Subrahmanyan as its present CEO. The company provides construction as well as real estate services spanning engineering, building, manufacturing technology and financial services. The company also offers services in the field of Information Technology, Power Transmission and Distribution, and to provide services in the field of offshore construction, it has partnered with Sapura Energy Berhad of Malaysia, forming a joint venture.
Along with doing business, LNT is committed to safeguarding the environment by using renewable forms of energy and green technology as well as adopting techniques to reduce harmful environmental impacts. This is the reason why LNT has 17 green buildings and 1 green factory inside their campuses. Until last year, the LNT group had 93 subsidiaries, 8 associates, 34 joint ventures and 33 joint operations companies.
Some of the notable projects LNT has exited or handed over are Bangalore International Airport, Jaipur-Kishangarh Expressway, L&T Metro Rail in Hyderabad, etc. Even the Bahai Temple in Delhi and Statue Of Unity in Gujarat have been built by L&T and are marvelous examples of engineering and construction feats. The Narendra Modi Stadium in Gujrat is the world’s largest international cricket stadium that can accommodate a whopping 1,32,000 people and was also built by L&T.
02 - SP Engineering and Construction
- Market Capital - 18,643 Cr
- Revenue - 3,080 Cr
- Headcount - 50,000
- Website - https://www.shapoorjipallonji.com/, https://shapoorji.in/
Shapoorji Pallonji Engineering and Construction is the part of Shapoorji and Pallonji(S&P, spelled SNP) conglomerate of 18 major companies which provides a wide range of services including real estate, engineering and construction(E&C), infrastructure, industrial engineering, security systems, home appliances, shipping, biotechnology, power, etc.
SNP was established in the year 1865 by Pallonji Mistry and has its headquarters based in Mumbai. SNP is one of the top 10 construction companies in the country which has accomplished varied projects in the construction, real estate, power technology and shipping sectors in India as well as the world.
It is India’s first ISO 9001-2000 Certified construction company and the first country company in the country to receive the “International World Quality Commitment” award. Their mission is that “SP E&C will be the company of the first choice in the construction industry. We shall be driven by our commitment to customer satisfaction. Currently, Mr. Shapoor Mistry is the Chairman of the Company and Mr. Mohandas Saini is the MD and CEO of the E&C subsidiary.
SNP E&C has clients in approximately 60 countries and has been accomplishing projects for 150 years. It has contributed to India’s infrastructural growth by building around 4500 km roads and 100 km raised and underground Metro Rail. It has built many of India’s most classic buildings for the Bombay Stock Exchange building, Standard Chartered Bank, Grindlays Bank and Hong Kong bank.
SNP has constructed magnificent structures such as the 8 km long Vallarpadam Railway Bridge, the Airoli Bridge, the Barakhamba Underground Metro Station, Jammu Udhampur Highway and many more. It was SNP who was given the charge to repair and renovate the Taj Mahal Palace after the 2008 Mumbai attack. SNP has adopted sustainable engineering techniques in its construction processes and abided by the slogan. ‘Either safe work or Refusal’, promoting employee health and safety.
03 - Hindustan Construction Company(HCC) Ltd.
- Market Capital - 26,230 Cr
- Revenue - 2,590 Cr
- Headcount - 1900
- Website - https://www.hccindia.com/
Hindustan Construction Company Ltd was established in the year 1926 by the Father of the Indian Transportation Industry, Seth Walchand Hirachand and is currently headquartered in Mumbai, Maharashtra.
HCC is one of the top construction companies in the country that has accomplished some of the major construction projects including bridges, tunnels, expressways and power plants, since its establishment. The company provides services in the field of construction, infrastructure, real estate, urban development and management, etc. HCC also specializes in the construction of transport systems, bridges and highways. HCC has built more than 100 Environmental Engineering construction projects in the country.
HCC’s vision is, “To be the chief industry and market-driven designing development organization that would be known for greatness, quality, performance and reliability in all types of construction.” HCC has always constructed high-quality infrastructure by innovating and adopting efficient processes along with the high standards of safety and environment protection regulations that they have set for themselves.
Some of the landmark projects accomplished by HCC are- India’s 1st underground powerhouse at Maithon in Jharkhand, the world’s largest Farakka Barrage in West Bengal, India’s 1st and only double curvature arch dam in Idukki, India’s largest rail coach factory in Kapurthala, India’s 1st and longest open sea cable-stayed bridge named Bandra Worli Sea Link in Mumbai, India’s longest transportation tunnel named Pir Panjal Railway Tunnel in Jammu Kashmir, the Bogibeel bridge in Assam and India’s largest nuclear power plant(2000MW) in Kudankulam.
04 - Jaypee Group
- Market Capital - 2,541 Cr
- Revenue - 1,800 Cr
- Headcount - 8,656
- Website - http://jalindia.com/index.html
Jaypee Group is one of India’s best and major construction companies which was founded by Jaiprakash Gaur in the year 1979. It has its headquarters based in Noida and provides diversified product service spanning infrastructure, real estate, engineering & construction, expressway construction, hospitality and cement manufacturing.
Jaypee Group is also the third largest cement manufacturer in India. Jaypee Associates Limited(JAL) has a number of subsidiaries named Jaypee Power Ventures Ltd, Jaypee Infratech, Jaypee Hotels, Jaypee Power Grid Limited, Jaypee Greens, etc which provide engineering, construction and hospitality services.
One of the prominent construction projects completed by Jaypee Group includes the 165 km long six-lane expressway from Noida to Agra along with ribbon development at five locations along the expressway which includes residential, commercial, industrial and institutional buildings.
Jaypee Associates Limited is the only company in India that has the capacity to execute EPC contracts all by itself from inception to completion. The Sardar Sarovar Dam being constructed by JAL is the world’s third largest volume(7,000,000 m3) of chilled concrete to be placed. It has also built the Tehri Dam which is the third tallest rockfill dam in the world and the largest in Asia.
The Vizag Steel Plant has also been constructed by the Jaypee Group. Some other construction projects accomplished by the Jaypee group include the Veerbhadra Barrage across river Ganga in Rishikesh, the Chamera Concrete Gravity Dam across river Ravi, etc.
05 - Tata Projects
- Market Capital - Not yet listed on any stock exchange
- Revenue - 12,000 Cr
- Headcount - 5,300
- Website - https://www.tataprojects.com/
Established in the year 1979, Tata Projects is India’s fastest growing and leading engineering, procurement and construction(EPC) company which was one of the few and earliest construction companies to acquire triple certifications of ISO 9001, 14001 and OHSAS 18001. The current Managing Director of Tata Projects is Vinayak K. Deshpande.
Tata Projects is one of the major all-inclusive real estate companies in the country that has constructed India’s top building projects. It is widely known for accomplishing large as well as complex construction projects related to urban and industrial infrastructure development. They provide a variety of services spanning road construction, bridges, rail and metro projects, commercial buildings, airports, chemical plants, sewage management and water distribution systems.
Tata Projects has won the prestigious CW Construction Contractor of the Year award in the ‘large’ category for the year 2020-21. Tata Projects have launched the Green Thumb Initiative to help restore India’s depleting green coverage by planting trees at its various project sites across India. Tata Projects’ first green commercial project, Xylem in Bengaluru, which was based on the concept of sustainable green development, was awarded a gold certification by Leadership in Energy and Environmental Design(LEED). All projects either under Tata Projects or Tata Housing have been executed on lines of sustainable green developments certified by the Indian Green Building Council(IGBC).
Some of the major projects accomplished by Tata Projects are the construction of a new terminal at the Prayagraj Airport in a record time of 11 months, Krishnapatnam Power Plant, IT Park in Indore, Mumbai Trans Harbour Link Bridge, Lucknow Underground Metro and the SLV LaunchPad.
06 - Reliance Infrastructure Limited(RIL)
- Market Capital - 24,720 Cr
- Revenue - 18,852 Cr
- Headcount - 5,300
- Website - http://www.rinfra.com/
Reliance Infrastructure Limited was established in the year 1929 and is headquartered in Navi Mumbai, India. It is originally known as Reliance Energy and Bombay Suburban Electric Supply which provides services in the fields of infrastructure, construction, electricity generation and defense.
RIL’s current CEO is Punit Garg and the company is owned by Anil Dhirubhai Ambani. RIL is one of the major service providers for the National Highway Authority of India(NHAI) to accomplish roads and highway construction projects under the build, operate and transfer(BOT) scheme.
Five brown-field airports are being constructed in Maharashtra at Latur, Baramati, Osmanabad, Nanded and Yavatmal are being developed as well as will be operated by RIL Ltd at lease for a period of 95 years.
RIL Ltd received the ‘Best Metro of India’ in 2016 for having developed a marvel in Reliance Mumbai Metro One. RIL has constructed the Coal based Thermal Power Station in Dahanu, Maharashtra, the Delhi Airport Expressway, Nanded Airport in Maharashtra, etc.
07 - Dilip Buildcon Limited(DBL)
- Market Capital - 69,960 Cr
- Revenue - 9,208 Cr
- Headcount - 33,467
- Website - https://www.dilipbuildcon.com/
Dilip Buildcon Ltd is a construction and infrastructure development company that was established in the year 1987 by Dilip Suryavanshi. DBL provides services in roads and bridges construction, mining, water sanitation, sewage channels, dams, irrigation projects, industrial buildings, commercial buildings and residential buildings.
They have a unique record of completing almost 90% of their projects before time and getting awarded the early completion bonus. DBL specializes in building and state highways, national highways, culverts and bridges. They have also been awarded a stone crusher by Metso, a stone crushing equipment leading manufacturer for an exceptional achievement of crushing maximum tonnes of stone in a year. DBL had won the Silver Award at the National Highway Award for Excellence in the year 2018 by the Ministry of Road Transport and Highways, Government of India.
DBL has adopted a responsible and sensitive approach to executing its construction project which includes Innovation, Safety First and Commitment to Sustainability. Some of the major innovative techniques or methods used by DBL are drone monitoring, Tracknovate GPS tracking, Geo Green Initiative, Soil Stabilization by using Fly Ash Wirtgen soil stabilizer, manufacturing sand which relieves the pressure on river banks and more.
Some of the landmark projects accomplished or in the execution phase by DBL are Bhopal Metro Rail Project, Churhat Bypass Tunnel between Rewa and Sidhi, Indore Metro Rail Project, Green Field Airport of Hirasar, the Zuari Bridge. DBL has also built or is building major sections of national highways which include the pavements between Vijayawada-Machilipatnam, Mahagaon-Yavatmal, Lucknow-Sultanpur, Bangalore-Nidagatta, Amritsar-Tarn Taran-Harike, Ambala-Kaithal, etc.
08 - NCC Limited
- Market Capital - 42,810 Cr
- Revenue - 25,810 Cr
- Headcount - 18,335
- Website - https://ncclimited.com/
The Nagarjuna Construction Company Ltd was established in the year 1978 by AVS Raju as a partnership firm which was later converted into a private limited company in 1990. It is headed by AVR Ranga Raju as its MD & CEO and holds the position in India’s top 3 construction companies in terms of revenue earned. NCC is also quite active in the Middle East where it is providing services in the construction sector, specifically in construction roads, building and water segments.
NCC Ltd maintains its vision to give top-notch development programs focussing on quality, in time project execution, consumer loyalty, gradual learning and expertise, and improvement of the stakeholders’ value. DBL provides services in a variety of construction fields that include railways, roads, irrigation, power, metals, mining, buildings, water systems, etc.
NCC is the only company in India to be hailed as ‘Best Under a Billion’ in the Asia Pacific region and has shown a gradual evolution from a mere contractor to a full-fledged construction company. Some of the innovative technologies developed or adopted by NCC are the NBS Cellular system developed in collaboration with Byyging Uddheman AB of Sweden and the NCC Prefab System developed by NCC itself.
Recently in Nov’21, NCC has bagged three new contract orders for the Building division amounting to 2,167 Cr from the Bangalore Metro Rail Limited. In the past, NCC has accomplished landmark projects, such as the Design & Construction of Metro Rail Viaduct at Navi Mumbai, a four-lane elevated highway project on NH7 in Bangalore City, six-lane Agra-Lucknow access-controlled expressway, Ahmedabad-Vadodara NE1 National Expressway and many more. It has also worked with Tata Projects to develop the Thermal Power Plant at Krishnapatnam.
09 - IRCON International Limited
- Market Capital - 42,230 Cr
- Revenue - 5,442 Cr
- Headcount - 1,576
- Website - https://www.ircon.org/
Formerly Indian Railway Construction Limited, IRCON Ltd is a turnkey Infrastructure Railway Construction company that was established in the year 1976. It is a miniratna company and specializes in the field of transport infrastructure construction. The current Chairman and MD of IRCON is Yogesh Kumar Mishra. It is under the ownership of the Indian Railways, Ministry of Railways and Government of India.
IRCON undertakes construction projects and executes them on build-operate-transfer(BOT), build-own-operate-transfer(BOOT), build-lease-transfer(BLT) methodology. IRCON has three subsidiaries under it namely, Ircon PB Tollway Ltd(IPBTL), Ircon Infrastructure & Services Ltd(IISL), and Ircon Shivpuri Guna Tollway Ltd(ISGTL). It has already laid down 2025.62 km of railway track until now and is currently working to develop and build 1174 km length of railway track.
IRCON has operated in numerous countries across the world including Indonesia, Bangladesh, Ethiopia, Afghanistan, Iran, Iraq and more. Some of its Indian customers are the Delhi Metro Rail Corporation(DMRC), Indian Railways(IR), Kochi Metro Rail, UPPCL, JKPDD, etc. Some of the landmark projects accomplished by IRCON are the design and construction of the Pir Panjal Tunnel from Banihal to Qazigund, the New BG Rail Link of 11.5 km long tunnel from Banihal to Baramulla, the first largest steel girder bridge named Digha-Sonpur rail-road bridge in Bihar, etc.
10 - GMR Group
- Market Capital - 2,80,670 Cr
- Revenue - 2,056 Cr
- Headcount - 381
- Website - https://www.gmrgroup.in/home/
GMR Group was founded in 1978 by Grandhi Mallikarjuna Rao and it is currently headquartered in New Delhi. It is one of India’s leading infrastructure companies that provides services in the field of construction spanning transportation, infrastructure, airports, energy, urban development, etc. Mr. Grandhi Kiran Kumar is its current MD and CEO.
GMR has practically changed the face of transportation in the country due to notable contributions in the surface roads division including railways, highways, metros, and airstrips. In fact, GMR is counted to be in the top five airport developers and operators in the entire world because it has redefined air travel by building some of the world’s best airports. GMR group currently owns and operates the Delhi International Airport and Hyderabad International Airport.
GMR also leads the road construction division where it has built the Chandigarh-Ambala Expressway and Hyderabad-Vijayawada Expressway. The Rajahmundry Power Project, a natural gas-based power plant, is also developed by GMR. GMR has also designed and constructed the Gujarat Solar Power Private Limited.
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