| Major Maintenance & Toll Operation | Highway toll operations, routine maintenance, major repairs and incident management across national highways. | First mover advantage, pan-India presence, exclusive tech for road marking, strong client relationships, and extensive project experience. | B2B segment serving government highway authorities, toll operators, and infrastructure trusts. | Toll operations and major maintenance projects provide higher margins due to scale and service complexity. | 219 | 71 | Revenue through contracts for toll management, maintenance services, and project execution payments. | Contractual project-based and recurring service agreements typically with milestone and periodic payments. | Government capex, highway expansions, ongoing road asset lifecycle renewals. | |
| Specialised Construction | Microsurfacing, cold-in-place recycling, soil stabilization, tunneling, and rigid pavement maintenance services. | Exclusive technology partnerships, proprietary methods, and growing expertise in niche pavement solutions. | B2B infrastructure companies, government road agencies, and private developers. | Innovative techniques like microsurfacing with fiber and tunneling command premium margins. | 88 | 29 | Project contracts and specialized service fees; value-based pricing for innovative pavement technologies. | Contractual with fixed bids and value-added service charges. | Rising demand for durable, sustainable road treatments and government push for advanced infrastructure technology. | |
