Roads are backbone of any Economy and the rapidly growing Indian economy has increased the demand for a robust road infrastructure.
While this remains a fact it is not realistic to obtain funds for up-gradation of the National Highways, from the public endowment alone, the Government has taken a policy decision to involve private sector for the development of NH on Build-operate-transfer (BOT).
List of Top Road Construction Companies in India
So here is the list of Top Road Construction Companies in India which are sorted out based on the Total Sales (revenue).
1. Sadbhav Infrastructure Project Limited(SIPL)
Sadbhav Infrastructure Project Limited(SIPL), a subsidiary of SEL. The company was incorporated as an asset holding company for road and other Infrastructure BOT projects in 2007.
The essential task of SIPL has been development, operation and maintenance of road infrastructure assets. SIPL undertakes turnkey contractual works, other than civil construction, of the projects. Sadbhav focus in building a sizable asset base in the road BOT project.
Sadbhav Infrastructure Project Limited has already has 10 BOT projects with total lane kms of 2595.92. 6 are operational, 1 is partially operational and 3 are under development.
2. Indinfravit Trust
INDINFRAVIT (the “Trust”) is an irrevocable trust set up under the Indian Trusts Act, 1882 and registered with the Securities and Exchange Board of India as an infrastructure investment trust under the Securities and Exchange Board of India (Infrastructure Investment Trusts) Regulations, 2014 (Registration Number: IN/InvIT/17-18/0007).
The Sponsor of the Trust is L&T Infrastructure Development Projects Limited, one of India’s largest road developers as measured by lane kilometres under Concession Agreements signed with the Central and State Government authorities. Further, LTIDPL IndvIT Services Limited has been appointed as the Investment Manager and L&T Infrastructure Development Projects Limited and Sadbhav Infrastructure Project Limited has been appointed as the Project Manager to INDINFRAVIT.
INDINFRAVIT Trust has a portfolio of 13 BOT/ Annity Road Assets across 6 states and a network of approx. 4400 Lane km. The Trust has a consolidated revenue under Management of approx. Rs 1500 cr in FY 20-21 and is employing about 400 personnel across its project locations and offices.
The Trust’s initial portfolio of assets comprised of five toll road projects in the Indian states of Rajasthan, Karnataka, Tamil Nadu and Telangana. Subsequently, the Trust added another eight road assets in the states of Rajasthan, Karnataka, Telangana and Maharashtra. Out of these eight projects, six are NHAI projects and two are state projects. These toll roads are operated and maintained pursuant to the concessions granted by the NHAI / State authorities.
|S.No||Name||Revenue (₹ Cr )||ROCE %|
|1||Sadbhav Infrastructure Projects Ltd||1653||9.4|
|3||MEP Infrastructure Developers Ltd||1289||16.7|
|4||IRB InvIT Fund||1161||2.8|
|5||IL&FS Transportation Networks Ltd||252||6.4|
|6||Bharat Road Network Ltd||245||1.6|
3. MEP Infrastructure Developers Ltd
MEP Infrastructure Developers Ltd (MEP) group, is an integrated road infrastructure developer and is a key player for HAM,OMT and Toll Collection projects in India. Founded in 2002 by promoters Lt Shri Dattatray Mhaiskar and Shri Jayant Mhaiskar, MEP commenced operations with toll collection at five entry points to Mumbai.
MEP further added a portfolio of various Toll collection & OMT projects to be executed over Short and Long term. The Company has evolved into a road developer with the win of six HAM projects in 2016 and further addition of four more HAM projects in March 2018.
The company has successful track record of 17 years and has successfully executed and operated projects in 15 states across India. As on date, the company has executed more than 140 projects over the years and has completed ~126 projects including ~235 toll plazas and ~1,485 lanes.
MEP is backed by a experienced promoter and professional management team. MEP’s foray into road development / construction by participating in Hybrid Annuity Model
road projects is through its Joint Venture with Sanjose India Infrastructure & Construction Pvt. Ltd. which is a reputed multinational infrastructure development company.
As on date, MEP had a workforce , MEP has a strong workforce of 4802 employees that include 2822 employees on MEP’s payroll and 1980 contracted workers possessing civil and technical competencies covering the entire value chain.
4. IRB InvIT Fund
The Fund Sponsor & Project Manager is the IRB Infrastructure Developers Ltd., one of India’s largest private roads and highways infrastructure developers.
The Company, at present is having a portfolio of 20 projects, including 7 projects under Operations & Maintenance (O & M) Contract for IRB InvIT, aggregating 12,600 lane Kilometres, including 20% share in India’s most ambitious and prestigious Golden Quadrilateral project. It is the largest by any private highways infrastructure developers in India.
IRB Infrastructure Developers Ltd. is India’s first infrastructure developer company to have privilege of successfully launching and listing country’s first ever InvIT Initial Public Offer (IPO).
5. IL&FS Transportation Networks India Limited (ITNL)
IL&FS Transportation Networks India Limited (ITNL) is an integrated platform with the technical, managerial, financial, and governance framework to support and participate in the highway development programme of the Government of India.
ITNL acts as developer, sponsor, construction manager, and operator of surface transportation infrastructure, taking greenfield projects from conceptualization, through commissioning, to operations and maintenance. It also identifies investment opportunities in existing road infrastructure.
ITNL leads the market in the Indian transport infrastructure sector with more than 14,000 lane-kilometres in a portfolio of over 30 projects. After successfully demonstrating the viability of the PPP approach to develop, finance, and implement road projects, IL&FS incorporated ITNL in 2000.
6. Bharat Road Network Limited, (BRNL)
Bharat Road Network Limited, (BRNL) is a road BOT company in India, focused on development, implementation, operation and maintenance of roads/highways projects. The Company was incorporated in 2006 as a developer and operator for highways, road and related projects on a BOT basis.
Bharat Road Network Limited, (BRNL) is involved in the development, operation and maintenance of national and state highways in several states in India with projects in states of Uttar Pradesh, Kerala, Haryana, Madhya Pradesh, Maharashtra and Odisha through partnerships with experienced EPC players in the local space where the project is located.
Bharat Road Network Limited, (BRNL) has a project portfolio consisting of six (6) operational BOT Projects covering approximately 2095 lane kms, including major and minor bridges.
So finally these are the list of Top Road Construction Companies in India which are sorted out based on the number project cost and Total Revenue (sales).