| Infrastructure EPC | Turnkey engineering, procurement and construction services for power transmission, substations, railways, pipelines, buildings and urban infrastructure. | Strong brand, extensive project execution experience, manufacturing capacity, diversified global order book, and strategic joint ventures. | Primarily B2B serving government utilities, private infrastructure companies, and multinational clients globally. | Power transmission and buildings projects due to technical complexity and scale. | 21753 | 97 | Revenue from project contracts, EPC service fees, and associated maintenance contracts. | Project-based contracts, milestone payments, and long-term maintenance agreements. | Robust infrastructure demand, energy modernization, diversification into emerging infrastructure segments like urban rail and water projects. | Kalpataru Transmission Towers, Linjemontage AB, Fasttel Engenharia, JMC Projects |
| Developmental Projects | Development and operation of biomass-based power plants and real estate infrastructure projects. | Owns operational power plants and developed land assets providing earning stability and value appreciation. | Power buyers, government, and real estate clients (B2B and B2C). | Renewable power projects and commercial real estate assets. | 306 | 1 | Revenue from power sales, project development, and real estate leasing/sale. | Long-term purchase agreements and project-specific contracts. | Focus on renewable energy and real estate development in growing urban centers. | Biomass Power Plants, Real Estate ventures |
| Others | Logistics infrastructure, road build-operate-transfer (BOOT) projects, and support services. | Strategic infrastructure assets and operational expertise in asset management. | Government, private transport and logistics companies. | Road project toll operations and logistics management services. | 257 | 2 | Toll collections, logistics service fees, and ancillary infrastructure revenues. | Concession agreements and service contracts. | Infrastructure asset monetization and growth in logistics sector. | Shree Shubham Logistics, Road BOOT projects, ancillary services |
