| Water and Wastewater Treatment | Design, engineering, construction, and O&M of sewage treatment plants, water supply systems, and effluent treatment plants. | End-to-end sewerage network and STP expertise; compliance with environmental standards; established public sector relationships. | Primarily B2G—government municipal authorities; some industrial clients for effluent treatment. | Operation & maintenance contracts provide higher margin recurring revenue streams. | 940 | 97 | EPC contracts, long-term O&M service agreements primarily for government entities and municipalities. | Project-based billing with milestone payments and recurring O&M contract revenues. | Government schemes driving water infrastructure; urbanization increasing sewage and water treatment demand. | |
| Electrical Transmission and Distribution | Construction of substations, electrification work, erection and commissioning of transformers and overhead lines. | Technical expertise in high voltage substations; turnkey execution capability. | Government utilities, infrastructure developers, and industrial clients (B2B, B2G). | Substation construction and commissioning commands premium margins. | 60 | 3 | Turnkey electrical projects contracts across India with payments on project milestones. | Fixed-price EPC contracts with negotiated terms based on project scale. | Infrastructure investments and power sector upgrades in India. | |
