| Public Infrastructure EPC | Construction and engineering services for water supply, wastewater treatment, sewage networks, roads, and electrification. | Long-standing government relationships, regional expertise, multi-sector capabilities, and project execution track record. | Primarily government agencies (B2G) including PWD, National Highways, state power distribution companies. | Water and sewage treatment projects with specialized technical expertise have higher margins. | 345 | 100 | Revenue from government contracts through project execution bids, progress billing, and milestone payments. | Project-based contracts with milestone billing; fixed-price and re-measurement contracts. | Rising government investments under AMRUT 2.0, infrastructure modernization drives, and expanded sector presence. | |
