India’s construction and infrastructure sector is not just the engine of economic growth but also a reflection of the nation’s aspirations and capabilities. From mega highways and metro networks to skyscrapers and international airports, these top construction companies in India are executing projects of global scale and complexity. In this article, we highlight the Top 10 construction companies in India based on their financials, order book, project portfolio and international presence. Each one has a story to tell – together they represent the growth of India’s infrastructure landscape.

List of Top 10 Construction Companies in India

Below is the list of the top construction companies in India:

1. Larsen & Toubro (L&T) – Largest Construction Company in India

Larsen & Toubro (L&T) is one of India’s most respected multinational conglomerates with headquarters in Mumbai and a presence in over 30 countries. Founded in 1938 by Danish engineers Henning Holck-Larsen and Søren Toubro, the company has grown into a global leader in engineering, construction, technology, manufacturing and financial services. Over the years, L&T has been a key player in shaping India’s infrastructure landscape, delivering iconic projects like highways, metro rail systems, airports, power plants and defence installations.

In FY25, L&T reported consolidated revenue of INR 2,55,734 crore, a growth of 16% YoY. The consolidated PAT was INR 15,037 crore, up 15% from the previous year. As of 31 March 2025, the company’s consolidated order book was INR 5,79,137 crore, up 22% from March 2024, with international business contributing 46% to the same.

L&T’s strength lies in its diversified portfolio, which includes metro rail projects, highways, hydrocarbon infrastructure, defence engineering, IT services and real estate development. With its scale, capabilities and commitment to excellence, L&T continues to reinforce its leadership and contribute to India’s growth story while expanding its footprint globally.

2. Nagarjuna Construction Company (NCC)

Nagarjuna Construction Company (NCC) is one of the top 10 construction companies in India. Established in 1978, the company has a legacy of over four decades with a diversified portfolio of buildings, transportation, water & environment, irrigation, railways, mining, and electrical (T&D).

In FY25, NCC achieved its highest-ever order inflow of INR 32,888 crore (20.5% YoY) and the consolidated order book stands at INR 71,568 crore, an all-time high. Consolidated revenue was INR 22,355 crore (6.6% YoY) and PAT was INR 820 crore (15% YoY). The company maintained strong execution discipline with EBITDA margins of ~9% and has a workforce of 13,600 people across India.

Key project wins included INR 10,804 crore BharatNet contracts from BSNL, metro rail, expressways, irrigation systems, smart metering and affordable housing. Through its subsidiary NCC Urban, the company has delivered 11.7 million sq. ft. of real estate and 2.8 million sq. ft. under development.

3. Tata Projects – Fastest Growing in Top Construction Companies in India

Tata Projects (TPL), part of the Tata Group, is one of the fastest growing EPC companies in India with expertise in urban infrastructure, industrial projects, oil & gas and power transmission. Its portfolio includes iconic projects like the new Parliament building in New Delhi, metro rail systems, expressways and refinery expansions, making it a trusted partner in nation building.

In FY25, Tata Projects reported consolidated revenue of INR 17,470.59 crore compared to INR 17,760.61 crore in FY24 and consolidated net loss of INR 696.57 crore due to project execution and financing challenges during the year.

Despite this the company strengthened its capital base with INR 1,500.00 crore rights issue subscribed by Tata Sons and ended the year with a robust asset base of INR 24,874.02 crore. TPL’s strength is its diversified order book and advanced project management capabilities backed by digital technologies, sustainability practices and in-house manufacturing (including acquisition of Nagpur manufacturing unit from Artson Ltd.). The company is focused on metro rail, industrial plants, energy transition projects and smart infrastructure and is among the top 20 construction companies in India.

4. Afcons Infrastructure

Afcons Infrastructure, part of the Shapoorji Pallonji Group, is a leading EPC player with six decades of expertise in delivering complex and high-value projects across marine & industrial, surface transport, hydro & underground, oil & gas, and urban infrastructure. Headquartered in Mumbai, Afcons has executed some of India’s most iconic projects, including the Chenab Railway Bridge (world’s tallest single-arch bridge), Atal Tunnel, Kolkata East–West Metro underwater tunnel, and Maharashtra Samruddhi Mahamarg tunnels, along with global landmarks such as ports in Oman and Gabon, and rail systems in Ghana and Zambia.

In FY25, Afcons reported total income of INR 13,023 crore, with EBITDA of INR 1,662 crore (up 5% YoY, margin at 12.8%) and PAT of INR 487 crore (up 8% YoY). The company also reduced gross debt to INR 2,236 crore, lowering its debt-equity ratio from 0.68x to 0.42x. Its order book reached an all-time high of INR 36,869 crore as of 31 March 2025, providing strong medium-term revenue visibility.

Afcons further strengthened its position with a successful IPO in November 2024, raising INR 8,400 crore (oversubscribed 2.77x), which expanded its shareholder base to marquee domestic and global institutional investors.

With a presence in 30+ countries and a workforce of nearly 33,000 (including subcontractors), Afcons is recognised globally as a specialist contractor ranked among the top 14 marine contractors, top 12 bridge builders, and top 45 global transportation companies. Its focus on technical innovation, knowledge management (7-time MIKE Award winner), and sustainability continues to reinforce its reputation in the top 20 construction companies in India

5. Shapoorji Pallonji & Company: Oldest Construction Company in India

Shapoorji Pallonji and Company (SPCPL), the flagship of the over 150-year-old Shapoorji Pallonji Group, is one of India’s most respected construction and engineering conglomerates. Headquartered in Mumbai, the company has delivered some of India’s most iconic projects across residential towers, IT parks, industrial plants, hospitals, airports, and metro systems, in addition to landmark developments across the Middle East and Africa.

In FY24, SPCPL reported total operating income of INR 7,479 crore, a modest growth over FY23 (INR 7,203 crore). While operating performance remained subdued due to working capital constraints, the company turned around to a PAT of INR 886 crore, largely supported by gains from asset monetisation, compared to a loss of INR 679 crore in FY23. The order book stood at INR 27,664 crore as of September 2024, providing 3.7x revenue visibility, and was well diversified across industrial (12%), commercial (37%), residential (39%), and public infrastructure projects (hospitals, airports, smart cities).

With its heritage of engineering excellence, diversified order book, and global presence, coupled with restructuring and asset monetisation efforts, Shapoorji Pallonji continues to remain one of the largest construction companies in India.

6. Reliance Infrastructure

Reliance Infrastructure (RInfra), part of the Reliance Anil Dhirubhai Ambani Group, is a diversified infrastructure company with operations across power distribution, metro rail, roads, airports, defence, and engineering & construction (E&C). Established in 1929, the company has delivered several landmark assets including the Mumbai Metro One, the Delhi Airport Metro Express, and national highway projects spanning thousands of lane-kilometres.

In FY25, RInfra reported revenue from operations of INR 23,591 crore and a PAT of INR 9,177.22 crore, a significant turnaround from the losses of INR 1,147 crore in FY24. With its Delhi power distribution companies—BSES Rajdhani and BSES Yamuna—serving over 52 lakh consumers across South, West, East, and Central Delhi.

RInfra has also established a strong presence in defence manufacturing, through joint ventures such as Dassault Reliance Aerospace (DRAL) and Thales Reliance Defence Systems (TRDS). These collaborations have enabled the localisation of aerospace structures, AESA radar systems, and advanced artillery ammunition, supporting India’s Atmanirbhar Bharat vision. The Dhirubhai Ambani Defence City (DADC) in Ratnagiri is being developed as a 1,000-acre integrated campus for next-generation defence manufacturing.

The company’s roads and highways portfolio covers over 2,468 lane-km, handling nearly 3.1 lakh vehicles daily, with digital tolling via FASTag covering 98.7% of transactions

7. GMR Group

GMR Group is among the best infrastructure companies in India, known for its role in airport development and operations. The Group has delivered world-class assets such as Delhi’s Indira Gandhi International Airport, Hyderabad’s Rajiv Gandhi International Airport, and the newly operational Manohar International Airport in Goa. Internationally, it manages airports in the Philippines and has investments in Turkey, further strengthening its global aviation footprint. Beyond airports, GMR is active in power generation, urban infrastructure, and highways, making it one of the most diversified infrastructure players in the country.

In FY25, GMR Goa International Airport reported revenues of INR 416.62 crore, up significantly from INR 244.89 crore in FY24, reflecting robust growth in passenger traffic and operations. However, due to high finance costs and depreciation, the company posted a net loss of INR 269.54 crore, an improvement over the previous year’s loss of INR 363.15 crore.

8. Kalpataru Projects: One of the Best Construction Companies in India

Kalpataru Projects International (KPIL), part of the Kalpataru Group, is one of India’s largest EPC companies with operations across power transmission, oil & gas pipelines, buildings & factories, urban infrastructure, railways, and water projects. With a presence in 75 countries and 23,400+ employees, it manages over 300 projects globally.

In FY25, KPIL reported consolidated revenue of INR 22,316 crore (14% YoY growth), EBITDA of INR 1,834 crore, and PAT of INR 567 crore. The consolidated order book reached INR 64,495 crore, with international business contributing 40%. Net debt was reduced to INR 1,953 crore, lowering the debt-equity ratio to 0.3x. Key growth drivers included 28% growth in Power T&D (INR 10,000+ crore turnover), 22% growth in Buildings & Factories (INR 5,854 crore revenue), and strong execution in oil & gas and urban infrastructure.

9. Hindustan Construction Company (HCC)

Founded in 1926 and headquartered in Mumbai, Hindustan Construction Company (HCC) is a global infrastructure enterprise with proven expertise in hydropower, nuclear power, transport, tunneling, and heavy civil engineering. Over its nearly 100-year journey, HCC has built a significant part of India’s critical infrastructure, including 25% of hydropower capacity, over 60% of nuclear capacity, 4,000+ lane km of roads, 395 bridges, and 360 km of tunnels.

In fiscal year 2025, HCC reported a consolidated revenue of approximately INR 5,603 crore, with a net profit of around INR 85 crore. Although revenues have seen some decline compared to previous years, the company maintains steady progress in project execution and cost control.

The order book stood at INR 16,373 crore as of 31 March 2025, providing strong revenue visibility. During the year, HCC secured fresh orders worth INR 6,920 crore (HCC’s share: INR 4,308 crore), including major wins in hydropower, urban infrastructure, and transport.

HCC completed several landmark projects in FY25, such as:

• Rajasthan Atomic Power Project (Units 7 & 8)
• BARC’s Integrated Nuclear Recycle Plant, Tarapur
• Anji Khad Bridge – India’s first cable-stayed railway bridge
• Tunnel T49A on the Udhampur–Srinagar–Baramulla Rail Link
• Delhi Metro Package DC06

With its diverse order book, global presence, and a workforce of over 7,500 employees, HCC remains in the list of the best construction companies in India.

10. NBCC (India): Navratna Construction Company in India

A Government of India enterprise with “Navratna” status, NBCC (India) is a leading PSU specialising in project management consultancy (PMC), EPC contracting, and real estate development. Over the years, the company has executed prestigious assignments such as the redevelopment of government colonies in Delhi (Netaji Nagar, Sarojini Nagar, GPRA), Smart City projects, Amrapali housing projects, and major healthcare infrastructure, in addition to projects across more than 20 countries.

In FY25, NBCC had an operating income of INR 12,039 crore, up 16% YoY and PAT of INR 557 crore, up 35% YoY. Its order book stood at INR 1,20,000 crore as of 31 March 2025, an all time high. In FY25 itself, the company had secured INR 75,280 crore of new business, the highest ever. So it’s one of the best construction companies in India.

Conclusion

These are the biggest construction companies in India that are building not just skylines and highways but the very foundation of India’s growth. L&T has scale like no one else, Afcons and HCC have technical expertise, Shapoorji Pallonji and Tata Projects have heritage and modernity, NCC, NBCC and Reliance Infrastructure have execution in multiple domains, GMR has world class airport infrastructure. Together they are building India into a global infrastructure powerhouse.