| Construction | EPC contracts for industrial, institutional, housing, transport, irrigation, power, mining infrastructure projects. | Strong government relationships, pan-India execution network, advanced construction technology, and diversified project portfolio. | B2B focus serving government agencies, public-private partnerships, large private sector developers. | High margin in specialized EPC segments like metros, airports, and transmission lines. | 21935 | 99 | Revenue through project contracts, milestone-based billing, long-term infrastructure EPC contracts. | Project-based bidding, milestone payments, fixed price or cost-plus contracts. | Government spending on infrastructure, urbanization, public-private partnerships, environmental projects. | Pan-India infrastructure projects including Roads, Metro, Airports, Bridges, Water & Environment, Railways, Electrical T&D |
| Real Estate | Real estate development including residential complexes, commercial buildings, township projects. | Brand reputation in key cities, combined infrastructure expertise for high-quality developments. | B2C primarily, along with institutional buyers and investors in real estate. | Real estate sales and premium residential projects. | 262 | 1 | Sales of constructed properties and leasing; project development revenues. | Direct sales of housing units and commercial spaces; phased project launches. | Urban housing demand, tier-1 and tier-2 city expansion, increasing home ownership aspirations. | NCC Urban (residential and commercial developments in Bengaluru, Hyderabad, Chennai, Ranchi, Mumbai) |
