| Boilers and accessories | Designing and manufacturing boilers and accessories for thermal power plants | Technological expertise, partnership with BHEL, manufacturing capabilities in India | Power utilities including NTPC, UPRVUNL; B2B | Supercritical boiler packages and upgrades | 343 | 12 | Project sales and turnkey EPC contracts | Project-based contracts | India's push for efficient thermal power plants and supercritical technology adoption | Supercritical and ultra-supercritical boilers, pressure parts |
| Construction of industrial and non | Engineering, procurement, and construction services for power plants and emission control systems | Integrated EPC capabilities and strong client relationships | Power sector companies, industrial clients | Emission control projects like Flue Gas Desulfurization | 2801 | 69 | EPC contracts and milestones-based billing | Long-term contracts | Infrastructure development and environmental regulations | Power plant EPC projects, emission control system installations |
| Architectural and engineering services | Engineering, design, and automation control systems for power plants | Advanced technology know-how and localized engineering centers | Power plants, OEMs, Industrial customers | Automation & Controls segment | 159 | 4 | Engineering service fees and technology licensing | Service contracts and project fees | Grid modernization and plant automation trends | Power plant design, automation and control solutions |
| Installation, maintenance and repair | On-site maintenance and repair services for power equipment | Experienced service teams and proprietary repair technologies | Power utilities and industrial operators | Turbo machinery repair and retrofits | 0 | 0 | Service contracts and incident-based repair revenue | Recurring service contracts | Increasing fleet aging and need for efficiency upgrades | Power plant servicing, turbine and generator maintenance |
| Other project items | Supply of project-related items and spare parts | Strong supply chain and product quality reputation | Power plant operators, OEMs | Specialized spare parts | 39 | 1 | Sales of parts and materials | Transactional sales | Aftermarket demand and plant expansions | Spare parts and auxiliary equipment |
