best construction companies in India

Top 10 Construction Companies in India for 2024

Are you looking for the best construction companies in India at present? If yes, you have landed at the right place. Here in this article, after in-depth research, we have listed the top leading Indian construction companies along with notable projects handled by them.

According to Invest India, the construction industry market in India is expected to reach $1.4 Trillion by the year 2025. India has seen a lot of emphasis from the government on developing the infrastructure and housing sector. Furthermore, the government has started to allow 100% foreign direct investment in the construction sector since 2014, under the automatic route. However, it is permitted on certain conditions like the development area must be 20,000 sq. meters. As a result, more and more domestic and foreign companies have started investing in the Indian construction market.

List of 10 Construction Companies in India

1. L&T Construction

Larsen & Toubro Limited, commonly known as L&T Limited is an Indian multinational conglomerate company. The company is headquartered in Mumbai, Maharashtra, India.

L&T was founded in Mumbai, India, in 1938 by two Danish engineers, Henning Holck-Larsen and Søren Kristian Toubro. Initially, the company started as a small import substitution venture, manufacturing dairy equipment. Over the years, L&T expanded its operations and diversified into various sectors, including engineering, construction, technology, and financial services.

Notable Construction Projects Handled:

L&T has an extensive portfolio of projects that spans various sectors, both in India and internationally. The company has undertaken several iconic projects, including:

  • Construction of metro rail systems in major Indian cities like Mumbai, Delhi, Chennai, and Hyderabad.
  • Development of major airports, such as the Rajiv Gandhi International Airport in Hyderabad and Chhatrapati Shivaji Maharaj International Airport in Mumbai.
  • Construction of bridges, roads, and highways across the country, including the iconic Bandra-Worli Sea Link in Mumbai.
  • Construction of commercial complexes, office spaces, and IT parks, including the L&T Business Park in Chennai and L&T Seawoods Grand Central in Navi Mumbai.
  • Development of residential projects, such as luxury apartments and townships, exemplified by L&T Emerald Isle in Mumbai and L&T Eden Park in Chennai.
  • Construction of industrial facilities, including manufacturing plants and refineries, adhering to stringent safety and quality standards.

Company Website: www.larsentoubro.com

Suggested Read: Best Construction Business Ideas

2. Hindustan Construction Co. Ltd

Hindustan Construction Company Limited or HCC Limited is a public-private company. It is headquartered in Mumbai. The company was established in the year 1926 by Seth Walchand Hirachand. It executes large-scale civil engineering and infrastructure projects.

Over the decades, the company has played a vital role in the development of India’s infrastructure, including highways, bridges, tunnels, power plants, and urban infrastructure.

Notable Construction Projects Handled:

  • Construction of landmark bridges like Bandra-Worli Sea Link and Mumbai-Pune Expressway.
  • Development of highways and expressways, such as the Yamuna Expressway and Kishangarh-Udaipur-Ahmedabad Highway.
  • Construction of tunnels, including the Chenani-Nashri Tunnel in Jammu and Kashmir, which is India’s longest road tunnel.
  • Execution of hydroelectric power projects, including the prestigious Nathpa Jhakri Hydroelectric Power Station in Himachal Pradesh.
  • Construction of various dams and reservoirs for irrigation and power generation purposes.
  • Involvement in the construction of nuclear power plants, including the Rajasthan Atomic Power Project and Kaiga Atomic Power Station.
  • Development of metro rail projects in major Indian cities, such as Mumbai Metro Line 1 and Kolkata Metro Line 2.
  • Construction of iconic structures like the National War Memorial in New Delhi and the Kolkata International Convention Centre.

Company Website: www.hccindia.com

3. Shapoorji Pallonji & Co. Ltd

The Shapoorji Pallonji Group (SP Group) is a business conglomerate in India with interests in construction, real estate, textiles, engineered goods, home appliances, shipping, publications, power, and biotechnology. Shapoorji Pallonji & Co. Ltd was founded in 1865 by Shapoorji Pallonji Mistry. It has successfully executed numerous projects across various sectors, including residential, commercial, industrial, and infrastructure.

This Indian construction company has a global footprint in more than 20 countries. The company is headquartered in the city of Mumbai.

Notable Construction Projects Handled:

  • Construction of landmark residential and commercial properties, including high-rise buildings, townships, and IT parks.
  • Notable projects include The Imperial Towers in Mumbai, SP Infocity IT Park in Chennai, and Joyville residential projects in various cities.
  • Development of infrastructure projects such as airports, metro rail systems, roads, bridges, and ports.
  • Notable projects include the Chennai International Airport, Bengaluru Metro Rail, and the Mumbai Trans Harbour Link.
  • Execution of industrial projects, including manufacturing facilities, power plants, and refineries.
  • Notable projects include the Tata Motors manufacturing plant in Sanand, Gujarat, and Essar Oil Refinery in Vadinar, Gujarat.
  • Restoration and conservation of heritage buildings and construction of institutional facilities.
  • Notable projects include the restoration of the iconic Royal Opera House in Mumbai and the construction of educational institutions.

Company Website: www.shapoorji.in

4. Gammon India

Gammon India is one of the biggest physical infrastructure construction companies in India. The company based in Mumbai caters to sectors of civil, design, and construction. Gammon India was behind the construction of the iconic structure of  ‘The Gateway of India’.

John C. Gammon, an entrepreneur from Great Britain founded Gammon India in the year 1922. The company has been involved in a wide range of construction projects, including highways, bridges, tunnels, dams, ports, and buildings.

Notable Construction Projects Handled:

  • Construction of major highways, expressways, and bridges, including the Bandra-Worli Sea Link in Mumbai and the Jawaharlal Nehru Stadium Flyover in Delhi.
  • Development of infrastructure projects such as airports, metro rail systems, and railway bridges.
  • Construction of power plants, including thermal, hydro, and nuclear power projects.
  • Notable projects include the Karcham Wangtoo Hydroelectric Plant in Himachal Pradesh and the Rajasthan Atomic Power Plant in Rajasthan.
  • Execution of marine projects such as ports, harbours, jetties, and offshore structures.
  • Notable projects include the Jawaharlal Nehru Port Trust in Mumbai and the Naval Dockyard in Mumbai.
  • Company Website: www.gammonindia.com

5. Reliance Infrastructure Limited

Reliance Infrastructure, part of the Reliance Group, was founded in 1929 as Bombay Suburban Electric Supply (BSES) by Shri A.D. Sethna. It is at present a part of the Reliance Anil Dhirubhai Ambani Group. Over the years, the company has expanded its operations and diversified into various sectors. It includes infrastructure development, including power generation, transmission, distribution, roads, metro rail, airports, and defence.

Reliance Infrastructure Limited is part of the Reliance Anil Dhirubhai Ambani Group.  It is based in Mumbai and is one of the largest infrastructure companies in India. Reliance Infra is a major player in developing power, infrastructure, metro, and road projects throughout the country.

Notable Construction Projects Handled:

  • Development and operation of power generation plants, including thermal and renewable energy projects.
  • Notable projects include the Rosa Power Plant in Uttar Pradesh and the Dahanu Thermal Power Station in Maharashtra.
  • Construction and maintenance of roads, highways, expressways, and bridges.
  • Notable projects include the Delhi-Agra (Yamuna) Expressway and the Mumbai-Pune Expressway.
  • Development and operation of metro rail systems in various cities.
  • Reliance Infrastructure has played a significant role in the construction and operation of the Mumbai Metro Line 1 (Versova-Andheri-Ghatkopar).

Company Website: www.rinfra.com

6. Tata Projects Ltd

Tata Projects is one of the most reputed top infrastructure construction companies in India. It has expertise in executing large and complex urban and industrial infrastructure projects. The company provides turnkey solutions for the construction of roads, bridges, fully integrated rail & metro systems, commercial buildings & airports and, power generation plants, and many more.

Tata Projects Ltd is a part of the Tata Group, one of India’s largest and most respected business conglomerates. The company was established in 1979. The company has grown into a leading player in the industry, with a strong track record of successful project execution.

Notable Construction Projects Handled:

  • Construction and installation of power plants, transmission lines, and substations.
  • Notable projects include the Mundra Ultra Mega Power Plant in Gujarat and the Kudgi Super Thermal Power Project in Karnataka.
  • Design, construction, and modernization of railway infrastructure.
  • Tata Projects has been involved in projects such as the Dedicated Freight Corridor and the Mumbai Metro Line 3.
  • Development of water treatment plants, sewage treatment plants, and urban infrastructure projects.
  • Notable projects include the Bengaluru Water Supply and Sewerage Project and the Lucknow Metro Rail Project.

Company Website: www.tataprojects.com

7. GMR Construction Group

GMR Construction Group is a subsidiary of GMR Group, a leading infrastructure conglomerate in India. The company was started in 1978 by G M Rao.

GMR presently is a significant player in the Infrastructure Sector in the country. The company is based in New Delhi.  GMR Group is credited with developing projects in areas like Airports, Energy, Transportation, and Urban Infrastructure.

Notable Construction Projects Handled:

  • Construction and modernization of airports, including terminal buildings, runways, and other airport infrastructure.
  • GMR Construction Group has played a significant role in the development of airports such as Delhi International Airport, Hyderabad International Airport, and Istanbul Sabiha Gokcen International Airport.
  • Design and construction of highways, expressways, and road infrastructure.
  • The company has been involved in the development of projects like the Delhi-Vadodara Expressway, Hyderabad Outer Ring Road, and the Kishangarh-Udaipur-Ahmedabad Highway.
  • Construction of power plants, industrial facilities, and associated infrastructure.
  • GMR Construction Group has executed projects in the energy sector, including thermal and hydroelectric power plants, as well as industrial projects such as steel plants and cement plants.

Company Website: https://www.gmrgroup.in/

8. Jaypee Group

The Jaypee Group is an Rs. 20,000 Cr. Indian conglomerate based in Noida, India. It was founded by Jaiprakash Gaur. The company started as a civil engineering and construction contracting firm and gradually expanded its operations to diverse sectors. It includes construction, infrastructure development, real estate, and more.

The company is involved in a well-diversified infrastructure conglomerate with business interests in Engineering and construction, Power, Cement, Real Estate, Hospitality, Expressways, IT, Sports and education.

Notable Construction Projects Handled:

  • Construction of major infrastructure projects such as highways, bridges, dams, and power plants.
  • Development of residential, commercial, and industrial properties including townships, shopping complexes, and office spaces.
  • Jaypee Group has a significant presence in the cement industry, operating multiple cement plants across India.
  • The company is also involved in power generation through its thermal and hydroelectric power plants.
  • Jaypee Group owns and operates luxury hotels, resorts, and golf courses in various locations, providing world-class hospitality services.

Company Website: www.jalindia.com

9. National Building Construction Corporation Limited (NBCC)

NBCC (India) Limited, earlier known as National Buildings Construction Corporation Limited. The company based in New Delhi was started in the year 1960 as a wholly-owned government enterprise under the Ministry of Housing and Urban Affairs.

It was initially tasked with the responsibility of executing civil construction projects. Over the years, NBCC has grown and diversified its operations. At present, NBCC is one of the leading construction companies in India.

Notable Construction Projects Handled:

  • Construction of government buildings, hospitals, educational institutions, and sports complexes.
  • Development of infrastructure projects such as roads, bridges, airports, and railway stations.
  • NBCC has undertaken the development of residential and commercial properties, including housing complexes and office spaces.
  • The company focuses on sustainable and eco-friendly construction practices.
  • The company is known for its expertise in revitalizing existing structures and transforming them into modern, functional spaces.
  • NBCC has played a significant role in the rejuvenation and redevelopment of heritage buildings and urban areas.

Company Website: www.nbccindia.com

More List of Best Companies in India:

10. Dilip Buildcon Ltd

Dilip Builcon is one of the fastest-growing road-developing construction companies in India. The company deals in sectors like roads and highways, irrigation, urban development, mining, rails & the metro.

Dilip Buildcon started its operations in the year 1987 by Mr. Dilip Suryavanshi and is based in Bhopal, Madhya Pradesh. Starting as a small construction firm, it has grown steadily over the years and is now one of the leading players in the infrastructure sector.

Notable Construction Projects Handled:

  • Dilip Buildcon has significant expertise in road and highway construction, including national and state highways, expressways, and rural roads.
  • The company has completed several prestigious road projects, demonstrating its capability to deliver high-quality infrastructure within stipulated timelines.
  • Dilip Buildcon has executed various bridge and flyover projects, contributing to the enhancement of connectivity and transportation infrastructure.
  • The company’s expertise lies in constructing robust and aesthetically pleasing bridges and flyovers, ensuring structural integrity and safety.
  • Dilip Buildcon has ventured into the mining sector and has successfully undertaken mining operations for coal, limestone, and other minerals.

Company Website: www.dilipbuildcon.com

Suggested Read: Top Construction-Related Business Ideas

More Construction Companies in India:

  • Afcons Infrastructure Limited
  • Punj Llyod
  • NCC Limited
  • IVRCL, Hyderabad
  • Essar Group
  • Consolidated Construction Consortium Ltd (CCCL), Chennai
  • Sobha Limited
  • RITES Ltd
  • Godrej Properties Limited
  • Tantia Construction Ltd, Kolkata
  • GVK Group
  • DLF Limited
  • Simplex Infrastructures Ltd
  • IRCON International Ltd, New Delhi
  • Nagarjuna Construction Company Ltd (N.C.C.), Hyderabad

Future Prospects of the Construction Industry in India

It is needless to say, the construction industry in India holds immense potential for growth and development. The scope of growth is due to several factors. It includes the implementation of regulatory reforms such as RERA (Real Estate Regulatory Authority) and the active involvement of industry bodies like CREDAI(Confederation of Real Estate Developers’ Associations of India). Below we list down some of the major reasons for the promising growth:

  • Government’s Push for Infrastructure Development
  • Rising Demand for Urbanization and Housing Demand
  • Affordable Housing Initiatives
  • Growth in the Industrial and Warehousing Sector
  • Technological Advancements like Building Information Modeling (BIM), prefabrication, green building practices, etc.
  • Government Support and Reforms
  • Focus on Sustainability
  • Employment Generation

The construction industry is the most happening sector in the Indian economy at present. More and more companies are investing in this sector. This list of top construction companies in India will be updated as the industry is growing by the day.

Frequently Asked Questions

What is the best construction company in India?

Based on turnover and market capital, L&T( Larsen & Toubro Ltd.) is the No. 1 construction company in India.

Which is the biggest road construction company in India?

The best three road construction companies in India at present are L&T, Dilip Buildcon, and Afcon Infrastructure Ltd.

How many construction companies are in India?

More than 1,75,000 construction companies are operating in India.

What impact does RERA have on the future of the construction industry?

The Real Estate Regulatory Authority (RERA) has brought transparency, accountability, and consumer protection to the real estate sector. It ensures timely project completion, fair practices, and enhanced buyer confidence, which is crucial for the growth and sustainability of the construction industry in India.

How does CREDAI contribute to the future growth of the construction industry?

The Confederation of Real Estate Developers’ Associations of India (CREDAI) plays a significant role in shaping the future of the construction industry. It represents real estate developers, promotes best practices, advocates for policy reforms, and fosters a conducive environment for industry growth.

What are the key challenges facing the construction industry in India?

The construction industry in India still faces some challenges. It includes project delays, regulatory complexities, skilled labour shortages, cost overruns, increased cost of raw materials, and financing constraints. The construction fraternity needs industry collaboration, improved project management practices, skill development initiatives, and supportive government policies to overcome these challenges.