| Power | Design, manufacture, installation and commissioning of thermal, hydro, and solar power plant equipment and EPC services. | Technological expertise, strong government relationships, extensive manufacturing capacity, and proven project execution track record. | Power utilities including NTPC, state generation companies; B2B focused on large-scale power generation. | EPC services, advanced technology power units, after-sales service and modernization. | 20937 | 74 | Project contracts, EPC services, long-term maintenance, and modernization contracts. | Project-based contracts with milestone-based payments, some recurring service revenues. | Rising power demand, government focus on supercritical and renewable projects, modernization and expansions. | Supercritical Thermal Power Units, Maitree Thermal Project, Hydro Electric Projects |
| Industry | Manufacture of locomotives, industrial motors, transformers, transmission equipment, defense systems and related services. | Strong R&D capabilities, exclusive government contracts, specialized technology collaborations. | Indian Railways, transmission utilities, defense sector, heavy industries; primarily B2B. | High technology locomotive propulsion systems, defense equipment, and transmission products. | 7402 | 26 | Sales of equipment, licensing technology, long-term service contracts. | Contractual sales, technology licensing fees, and recurring maintenance contracts. | Modernization of railways, expansion in defense production, growth in transmission infrastructure. | Railway Locomotives, Transmission Equipment, Defense and Aerospace Components |
