Kalpataru Projects International Kalpataru Projects International (KPIL), formerly known as Kalpataru Power Transmission, is one of India's leading EPC companies, specialising in power transmission and distribution, as well as urban mobility, railways, oil and gas, and water supply projects. Founded in 1981 and headquartered in Mumbai, KPIL has developed a strong presence in India as well as over 73 countries worldwide, with operations in regions such as South Asia, Africa and Latin America. KPIL’s portfolio encompasses large-scale infrastructure solutions that include design, engineering and construction services across sectors such as power transmission, highways, railways and metro systems. The company is recognised for its work in both public and private-sector projects, having developed a reputation for delivering complex infrastructure projects on time and within budget. In FY24, KPIL reported revenues of Rs.167.60 billion, reflecting a 17 per cent year-on-year growth compared to the previous year. The EBITDA for the year stood at Rs.13.66 billion, marking an 18 per cent increase, while the company’s PAT rose to Rs.5.33 billion, showing substantial growth from FY23. Additionally, KPIL’s order inflows for FY24 reached an impressive Rs.300.22 billion, a 19 per cent increase year-on-year. As on 31 March 2024, KPIL's order book stood at Rs.584.15 billion, with an additional L1 position of Rs.50 billion, positioning the company well for future growth. KPIL continues to expand its footprint globally with a diversified business portfolio, ensuring strong performance across its sectors and geographies. With a robust financial foundation and a growing order book, KPIL is poised to play a significant role in the continued development of infrastructure in India and internationally. Afcons Infrastructure Afcons Infrastructure, a subsidiary of the Shapoorji Pallonji Group, boasts a rich heritage spanning 150 years and is an integral part of the $ 7 billion conglomerate. This company stands out as one of the most rapidly growing players in the infrastructure sector, backed by a formidable strategic equipment fleet valued at $ 350 million. Its footprint extends across 25 countries in Asia, Africa and the Middle East, underlining its global reach. Since inception in 1959, Afcons has left an indelible mark by successfully delivering over 350 infrastructure projects. Its stellar performance has propelled it into the elite league, ranking among the top 150 international contractors worldwide. This feat is a testament to its expertise in the realm of extreme engineering and construction. Afcons is a prominent figure in India's infrastructure landscape and proudly holds a place among the top 10 companies in marine infrastructure on a global scale. The company's portfolio is testament to its ability to handle challenging and intricate projects. These ventures span across 25 countries, each marked by innovative design and comprehensive construction services. In global rankings, the company has secured the seventh position in marine and port facilities and is ranked 16th in the bridges sector. Notably, it stands as the highest-ranking Indian contractor among the top 50 international contractors in the transportation sector. Additionally, it is a leader in key sectors within India, including marine, LNG and Metro rail. In 2019, Afcons became the sole infrastructure company to clinch the Africa Best Employer Brand Award, a testament to its dedication to its workforce. In 2021, it won the Maharashtra State Best Employer Brand Award for excellence in COVID-19 management. In 2024, Afcons Infrastructure filed a draft for an IPO worth Rs.70 billion ($ 840 million), signalling its intent to tap into public markets to fuel growth. The IPO will include a fresh issue of shares valued at Rs.12.5 billion and a sale of shares by Shapoorji Pallonji’s unit, Goswami Infratech, worth Rs.57.5 billion. This move highlights Afcons' ambition to capitalise on India’s booming infrastructure sector while enabling its parent company to unlock value. The listing could enhance its financial flexibility, positioning it for future large-scale projects and increased market presence in the construction and infrastructure space. In terms of financial performance, for the financial year ending 31 March 2024, the company reported a total income of Rs.13,285.34 billion, reflecting growth compared to Rs.12,683.50 billion in the previous fiscal year ending 31 March 2023. The PAT also showed an impressive increase, reaching Rs.4.4212 billion in FY2023-24, up from Rs.4.0967 billion in the preceding fiscal year. NCC NCC, headquartered in Hyderabad, boasts a proven track record in various sectors, including buildings, transportation, water and environment, irrigation, electrical (T&D), mining and railways. Its construction activities span these diverse sectors; the common thread is a commitment to deliver projects of exceptional quality. Over the past four decades, the company has witnessed remarkable growth in both the number and variety of projects undertaken. It has continually strengthened its in-house expertise to handle complex and challenging endeavours. The expansion into various construction and infrastructural development sectors has resulted in a nationwide presence, with offices in nine major cities: Ahmedabad, Bengaluru, Chennai, Delhi, Lucknow, Mumbai, Pune, Kolkata and Patna. The company’s client base is testament to its capabilities, catering to both public-sector undertakings and private-sector institutions. It consistently delivers large-scale projects on schedule while maintaining the highest quality standards. Its strong technological and engineering background forms the foundation for sound project design and impeccable execution. It remains at the forefront of construction by staying updated with the latest industry developments and actively pursuing innovative design and solution initiatives. The company's holistic expertise is rooted in an unwavering commitment to knowledge and innovation. It believes in its workforce, consisting of 11,000 skilled and dedicated employees, and invests in their training and development. This commitment has led to the incorporation of the latest technologies in the company’s operations. In the financial year ending 31 March 2023, the company achieved significant milestones. The consolidated revenue reached an impressive `209.71 billion, representing a remarkable 34 per cent growth compared to the previous year. On a standalone basis, revenue stood at Rs.184.39 billion, indicating a robust growth rate of nearly 37 per cent year on year. Notably, the company secured its highest-ever annual order inflow, amounting to Rs.272.83 billion and the order book reached Rs.575.36 billion for the first time during the year. These achievements solidify NCC's foundation for future growth and success.