| Water Infrastructure | Drinking water supply and sewage treatment projects with operational and maintenance services. | Strong project execution, established government relationships, JV partnerships, and credit rating improvement. | Government agencies and urban local bodies (B2G). | Long-term O&M contracts with stable cash flows and operational efficiencies. | 1842 | 81 | Contract revenues from long-term water infrastructure projects and O&M services. | Contractual project revenue based on milestones and O&M service fees. | Urbanization, government spending on water infrastructure, digitalization and automation efforts. | |
| Urban Infrastructure | Development of urban infrastructure including waste management and related services. | Leader in WtE segment with proven technology and operational plants nationwide. | Municipalities, urban development authorities (B2G). | Waste-to-energy operations with renewable energy generation. | 354 | 16 | Project revenues and service contracts. | Project-based revenues with operational service contracts. | Government initiatives on urban development and smart city projects. | |
| Trading Activity | Trading of related infrastructure products and services. | Supports core infrastructure business through supply chain integration. | Corporate clients (B2B). | N/A | 68 | 3 | Sales revenue from trading activities. | Direct sales transactions. | Demand for related infrastructure components and materials. | |
