India Engineering, Procurement, and Construction Management (EPCM) Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The India Engineering, Procurement, and Construction Management (EPCM) Market Report is Segmented by Services (Engineering, Procurement, Construction, and Other Services) and Sector (Residential, Commercial, Industrial, Infrastructure [Transportation], and Energy and Utilities). The Report Offers Market Size Forecasts in Value (USD) for all the Above Segments.

India Engineering, Procurement, and Construction Management (EPCM) Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

India Engineering, Procurement, And Construction Management (EPCM) Market Size

India Engineering, Procurement, And Construction Management (EPCM) Market Summary
Study Period 2020 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Market Size (2025) USD 69.28 Billion
Market Size (2030) USD 126.91 Billion
CAGR (2025 - 2030) 12.87 %
Market Concentration High

Major Players

India Engineering, Procurement, And Construction Management (EPCM) Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of India Engineering, Procurement, And Construction Management (EPCM) Market with other markets in Real Estate and Construction Industry

Real Estate

Construction

India Engineering, Procurement, And Construction Management (EPCM) Market Analysis

The India Engineering, Procurement, And Construction Management Market size is estimated at USD 69.28 billion in 2025, and is expected to reach USD 126.91 billion by 2030, at a CAGR of 12.87% during the forecast period (2025-2030).

  • India's engineering, procurement, and construction (EPC) market is pivotal in the nation's infrastructure landscape. This market presents a spectrum of trends, challenges, and opportunities spanning diverse industries. India's EPC market has grown robustly and is fueled by ambitious infrastructure blueprints and industrial advancements. Bolstered by governmental impetus and private investments, the market's compound annual growth rate (CAGR) is poised to maintain its vigor in the coming years. Noteworthy investments are channeled into the Bharatmala project for road construction, the modernization of the railway network, and initiatives like the Smart Cities Mission. In addition, there is a notable surge in renewable energy projects, spanning solar, wind, and other avenues.
  • The nation is also witnessing the development and expansion of thermal, hydroelectric, and nuclear power plants alongside a bolstered power transmission network. Key initiatives such as the Smart Cities Mission, AMRUT, and Bharatmala underscore India's commitment to infrastructure growth. Furthermore, the nation's rapid industrialization and urbanization fuel an escalating demand for enhanced infrastructure. Lastly, the liberalization of FDI policies is drawing in international EPC players, who are also embracing cutting-edge construction technologies and project management tools.

India Engineering, Procurement, And Construction Management (EPCM) Industry Overview

The Indian engineering, procurement, and construction management (EPCM) market features a fragmented landscape, hosting numerous players. Although dominant players exist, the market is fragmented, with many small to mid-sized companies actively participating, especially in specialized sectors or regional markets. Prominent entities in this sector include Larsen & Toubro (L&T), Tata Projects Limited, Punj Lloyd Group, Reliance Infrastructure Limited, and GMR Group.

India Engineering, Procurement, And Construction Management (EPCM) Market Leaders

  1. Larsen & Toubro (L&T)

  2. Tata Projects Limited

  3. Punj Lloyd Group

  4. Reliance Infrastructure Limited

  5. GMR Group

  6. *Disclaimer: Major Players sorted in no particular order
India Engineering, Procurement, And Construction Management (EPCM) Market Concentration
Need More Details on Market Players and Competiters?
Download PDF

India Engineering, Procurement, And Construction Management (EPCM) Market News

  • June 2024: In the April-June quarter of 2024, Rays Power Infra, an Indian solar EPC solutions provider and park developer, disclosed acquisitions worth INR 833 crores (USD 100 million). Spanning two states, these projects bolster the company's portfolio by over 680 MW. Rays Power Infra remains committed to enhancing its solar park and EPC divisions, which is a strategic move to expand its business. The company's leadership is optimistic, targeting revenue and profitability growth surpassing 50% compared to the previous fiscal year.
  • June 2024: Megha Engineering & Infrastructures Ltd secured the INR 12,800 crore (USD 1.53 billion) engineering, procurement, and construction (EPC) contract from India's state-owned Nuclear Power Corporation, emerging as the lowest bidder. Despite facing corruption allegations, Megha Engineering & Infrastructures is a significant player in the infrastructure sector, boasting a USD 5 billion valuation. Its operations span hydrocarbons, electric buses, defense, power, transport, and manufacturing. The project at Kaiga in Karnataka entails constructing two 700 MW electrical reactors. This project marks the Nuclear Power Corporation's most substantial tender to date.
  • May 2024: Salasar Techno Engineering Ltd (STEL) completed the acquisition of EMC Ltd by making a final payment of INR 168 crore (USD 20.14 million). The total cost of acquiring the engineering, procurement, and manufacturing (EPC) firm amounted to INR 178 crore. This payment marks the successful conclusion of Salasar's acquisition of EMC Ltd. The acquisition, valued at INR 178 crore (USD 21.34 million), was finalized in March 2024 through an e-auction overseen by the liquidator. STEL highlighted that integrating EMC Ltd will bolster its standing as a prominent player in the engineering and infrastructure sector.

India Engineering, Procurement, And Construction Management (EPCM) Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Deliverables
  • 1.2 Study Assumptions
  • 1.3 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

  • 4.1 Market Overview
  • 4.2 Market Drivers
    • 4.2.1 Renewable Energy Projects
    • 4.2.2 Government Initiatives
  • 4.3 Market Restraints
    • 4.3.1 Regulatory and Bureaucratic Hurdles
    • 4.3.2 Increase in Cost of Construction Material
  • 4.4 Market Opportunities
    • 4.4.1 Adoption of Smart Infrastructure Technologies
  • 4.5 Value Chain/Supply Chain Analysis
  • 4.6 Porter's Five Forces Analysis
    • 4.6.1 Threat of New Entrants
    • 4.6.2 Bargaining Power of Buyers/Consumers
    • 4.6.3 Bargaining Power of Suppliers
    • 4.6.4 Threat of Substitute Products
    • 4.6.5 Intensity of Competitive Rivalry
  • 4.7 PESTLE Analysis
  • 4.8 Insights into Technology Innovation in the Market

5. MARKET SEGMENTATION

  • 5.1 By Service
    • 5.1.1 Engineering
    • 5.1.2 Procurement
    • 5.1.3 Construction
    • 5.1.4 Other Services
  • 5.2 By Sectors
    • 5.2.1 Residential Industrial, Infrastructure (Transportation), and Energy and Utilities
    • 5.2.2 Industrial
    • 5.2.3 Infrastructure (Transportation)
    • 5.2.4 Energy and Utilities

6. COMPETITIVE LANDSCAPE

  • 6.1 Market Concetration Overview
  • 6.2 Company Profiles
    • 6.2.1 Larsen & Toubro (L&T)
    • 6.2.2 Tata Projects Limited
    • 6.2.3 Punj Lloyd Group
    • 6.2.4 Reliance Infrastructure Limited
    • 6.2.5 GMR Group
    • 6.2.6 Afcons Infrastructure Limited
    • 6.2.7 Hindustan Construction Company (HCC)
    • 6.2.8 NCC Limited (Nagarjuna Construction Company)
    • 6.2.9 IVRCL Limited
    • 6.2.10 KEC International
    • 6.2.11 Gammon India Limited
    • 6.2.12 Simplex Infrastructures Limited
    • 6.2.13 Rays Power Infra Limited
    • 6.2.14 Megha Engineering & Infrastructures Ltd
    • 6.2.15 Salasar Techno Engineering Ltd (STEL)
  • *List Not Exhaustive

7. FUTURE TRENDS

You Can Purchase Parts Of This Report. Check Out Prices For Specific Sections
Get Price Break-up Now

India Engineering, Procurement, And Construction Management (EPCM) Industry Segmentation

The engineering, procurement, and construction management (EPCM) market offers services encompassing diverse industries' project planning, design, procurement, construction, and management.

The Indian EPCM market is segmented by services (engineering, procurement, construction, and other services) and sectors (residential, commercial, industrial, infrastructure [transportation], and energy and utilities). The report offers market size forecasts in value (USD) for all the above segments.

By Service Engineering
Procurement
Construction
Other Services
By Sectors Residential Industrial, Infrastructure (Transportation), and Energy and Utilities
Industrial
Infrastructure (Transportation)
Energy and Utilities
Need A Different Region or Segment?
Customize Now

India Engineering, Procurement, And Construction Management (EPCM) Market Research FAQs

How big is the India Engineering, Procurement, And Construction Management Market?

The India Engineering, Procurement, And Construction Management Market size is expected to reach USD 69.28 billion in 2025 and grow at a CAGR of 12.87% to reach USD 126.91 billion by 2030.

What is the current India Engineering, Procurement, And Construction Management Market size?

In 2025, the India Engineering, Procurement, And Construction Management Market size is expected to reach USD 69.28 billion.

Who are the key players in India Engineering, Procurement, And Construction Management Market?

Larsen & Toubro (L&T), Tata Projects Limited, Punj Lloyd Group, Reliance Infrastructure Limited and GMR Group are the major companies operating in the India Engineering, Procurement, And Construction Management Market.

What years does this India Engineering, Procurement, And Construction Management Market cover, and what was the market size in 2024?

In 2024, the India Engineering, Procurement, And Construction Management Market size was estimated at USD 60.36 billion. The report covers the India Engineering, Procurement, And Construction Management Market historical market size for years: 2020, 2021, 2022, 2023 and 2024. The report also forecasts the India Engineering, Procurement, And Construction Management Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

India Engineering, Procurement, And Construction Management (EPCM) Industry Report

Statistics for the 2025 India Engineering, Procurement, And Construction Management (EPCM) market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. India Engineering, Procurement, And Construction Management (EPCM) analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.