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India's Power EPC Giants: Order Books Surge
16 Jul
Summary
- Indian power EPC companies are expanding infrastructure beyond generation.
- Kalpataru Projects International leads with a Rs 65,457 crore order book.
- KEC International and Transrail Lighting also show strong order pipelines.
India's infrastructure development is driving significant opportunities for power Engineering, Procurement, and Construction (EPC) companies, with a focus extending beyond generation capacity to transmission lines and substations.
Kalpataru Projects International reported its highest-ever order book of Rs 65,457 crore by the end of FY26, with a significant portion from large projects and international markets.
KEC International, a flagship of the RPG Group, closed FY26 with a Rs 36,267 crore order book, increasingly focusing on larger, more valuable contracts.
Transrail Lighting also shows a strong pipeline, with an unexecuted order book of Rs 16,361 crore, including L1 orders, and is expanding its manufacturing capacity.
These companies are critical for executing India's evolving power infrastructure needs, with robust order books providing revenue visibility but execution, margins, and working capital remaining key performance factors.
