At present, as India has been forecasted to be the fastest-growing construction superpower owing to the increased urbanization and population growth, rising infrastructure costs, and an increase in housing structures, the demands placed on the EPC sector also seem to be growing significantly to boost the nation’s growth & building development. In fact, EPC, a contract comprising Engineering, Procurement, and Construction is a key contributor for the major parties who tender projects to undertake the construction works. Well, as the construction market in India is expected to reach Rs.117.02 trillion by 2027 expanding at a compound annual growth rate (CAGR) of 17.26 percent during the 2022-2027 forecast period, the EPC sector will markedly grow relative to the constructions around. While EPC is solely a mode of construction contract bagging 80 percent of the government tenders, be it any EPC subsidiary like BOT (Build-Operate-Transfer) contract, a HAM (Hybrid Annuity Model) contract, or a PPP (Public–Private Partnership) contract, all concessionaires require EPC contractor to execute their contracts. In the past, there were numerous contracts like Item Rate contracts, Model Standard Bidding Document (SBD) contracts, and more, but EPC stands its point being at par with all the others since 2011, helping avoid all the variations that used to occur earlier. Distributing the Engineering work including the designing and more to the contractor side and ensuring the construction visibility as EPC seems a more efficient mode of construction, there are various other benefits to it. Most importantly, the EPC mode of contract helps the leaders in construction to implement a lot of new ideas at the construction site. Thus, EPC remains at the core of construction, and its demand never fades away.
Our subscribers play a decisive role in finalization of our annual list of "Top 10 EPC Contractors - 2023" by recommending those which have served them with excellence and are praiseworthy. If you feel there is a company that deserves to be on our annual list, do write to us about them mentioning their value proposition.
Avadh Patel, Directors
Avaska
A construction services company that has created a niche for itself in the industry through its customercentric approach, extensive business expertise, and a clear understanding of all nuances pertaining to the EPC segment
Sandesh Umardand , GM- EPC
Bhandari Associates
A company with an objective of providing excellent residential and commercial customized construction solutions to the ever growing consumers in the city
Pradip Kumar Bhadra , Managing Director
BVEPL
A company involved in road construction and highways, which implies not only the construction, of roads & highways, but, the through, major bridges, minor bridges, flyovers and many more
Subrata Banerjee , CEO
Eskay Engineers
A pioneering firm specializes in a wide range of EPC services, such as project planning, feasibility study, environmental engineering & troubleshooting of existing plant
Vineet Agrawal , Director - Projects
HAL Offshore
Provides services include gas compression units, oil and gas gathering stations, oil and gas processing facilities, oil collection stations and more
Jigar J. shah , MD
Kintech Synergy
An experienced engineering and technology firm for procurement and project management, construction and commissioning, with a solid grasp of asset management
Sakthivel Ramaswamy , CEO
KRR Engineering
An EPC contracting company involved in research and development for developing manufacturing equipment, maintenance & refurbishments, and special purpose equipment and others
Ashwin Raikar , CEO
Nauvata Engineering
An engineering & project management company providing world class engineering, procurement & construction management services to oil & gas companies worldwide
Shailesh Patel , Director
NRP Projects
An engineering construction companies providing integrated design, detailed engineering, procurement, construction and project management services for oil and gas industry
Ratan Bokadia , Director
Oswal Infrastructure
An industry completing challenging & demanding projects in brownfield and greenfield environments, delivering many projects on schedule and meeting high international quality standards
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