| Infrastructure Construction | Construction of highways, dams, bridges, runways, and heavy RCC structures. | Decades of expertise and government relationships; however, financial stress limits competitive edge. | Primarily B2B - Indian government and infrastructure agencies. | BOT projects and joint venture infrastructure works have higher margins. | 36 | 100 | Contract revenues from project execution and joint ventures. | Project-based fixed contracts with milestone payments. | Government infrastructure spending and project completions. | |
