| Engineering Procurement and Construction | EPC of infrastructure projects including roads, bridges, metro viaducts, dams, tunnels, mining excavation, and urban infrastructure. | Vertical integration with own equipment fleet, manufacturing units, strong government relationships, wide geographic presence. | Primarily B2G with contracts from NHAI, state governments, railways, and mining companies. | Early completion bonuses, specialized metro viaducts, mining excavation contracts. | 9038 | 75 | Revenue from project execution on EPC contracts, milestone-based payments from government and private bodies. | Fixed-price contracts with escalation clauses; milestone payment structures. | Government infrastructure initiatives, PPP models, diversification into renewable energy and metro projects. | Roads & Highways, Irrigation, Mining Excavation, Metro Rail Viaducts, Tunnels, Water Supply, Special Bridges, Airports |
| Annuity Projects & Others | Operation and maintenance of BOT/HAM projects on annuity basis; investment in infrastructure assets; asset monetization. | Large portfolio of 55 BOT projects, investment partnerships enhancing liquidity and risk sharing. | Government agencies and public-private partnerships (PPP). | Annuity projects contributing stable and predictable income streams. | | 25 | Recurring annuity income, toll collections, gains from divestments and equity investments in InvITs. | Annuity payments and toll-based revenue models providing stable cash flows. | Shift to hybrid annuity models, partnership with institutional investors for asset monetization. | BOT Road Projects, Hybrid Annuity Model (HAM) HAM Projects, Asset Management via InvITs |
