Explore Business Standard
EPC Companies
India's Engineering, Procurement, and Construction (EPC) sector is expected to create more than 25 million jobs by 2030, supported by expanding infrastructure development, says a report. According to HR solutions provider CIEL HR's 'EPC Sector Talent Study, 2025', the EPC sector is one of the country's most powerful job creators and witnessed a 51 per cent surge in hiring demand since 2020. Over 85 million people, across the organised and unorganised sectors, are employed in the country's EPC sector, and within this, around 7-8 million professionals make up the EPC workforce employed by top firms. "As infrastructure development across the country expands, the rise in hiring will continue, with the EPC sector expected to generate more than 25 million jobs by 2030. As millions enter the labour pool each year, the sector will continue to absorb a significant share of India's workforce," CIEL HR Managing Director and CEO Aditya Narayan Mishra told PTI. The 'EPC Sector Market Outlook 20
Engineering, procurement and construction companies could see mid-to-high single-digit revenue growth and largely stable margins, with some upside, in the ongoing financial year, India Ratings and Research (Ind-Ra) said on Monday. This is despite the undemanding base effect of FY25 when revenue slumped 4-5 per cent year-on-year with the absolute sector EBITDA remaining largely flat, hit by the busy election season. The EPC sector across 22 listed entities delivered revenue growth of 5 per cent y-o-y in the first quarter of the current fiscal year, marking the fifth consecutive quarter of single-digit revenue growth. "The hopes of strong start to FY26 by the EPC sector have not materialised, despite an undemanding base of the past year, hit by the election impact. Guidance by the companies suggests aggregate revenue growth of 12.7 per cent year-on-year, around 100bp lower than the earlier guidance. "This is susceptible to further downside as the companies' guidance heavily relies on
Diversified engineering, procurement and construction (EPC) companies are likely to witness a modest rise of 9-11 per cent in revenue in the current financial year, according to Crisil Ratings. The growth in revenues for large and diversified EPC firms is expected to be driven by steady growth in infrastructure capital expenditure, healthy order books and faster project execution, with a favourable shift in the order mix, Crisil Ratings said on Monday. The Crisil Ratings study covered 15 EPC companies, which accounted for Rs 3.15 lakh crore in annual revenue during the previous fiscal year. The fortunes of these companies are closely tied to the capital expenditure (capex) outlays of both government and private sector entities, it said in a statement, adding that infrastructure capex alone accounts for 75 per cent of India's total capex. Additionally, a few EPC companies have also expanded overseas to tap opportunities in diverse infrastructure sectors. "This fiscal, the total ...
Sterling and Wilson Renewable Energy on Thursday said it has secured a 225 MW solar project in Gujarat. Sterling and Wilson Renewable Energy Limited (SWREL), a domestic renewable energy EPC company, emerged as the L1 bidder in a tender issued by a leading PSU developer for a turnkey EPC package to develop a 225 MW (AC) grid-connected solar PV project in Gujarat, according to a company statement. SWREL Global CEO Chandra Kishore Thakur said, "We are thrilled to announce our first domestic order of FY26 from a very reputed PSU developer and continue to build on our strong position in the Gujarat market." SWREL provides engineering, procurement, and construction (EPC) services for utility-scale solar, floating solar and hybrid & energy storage solutions and has a total portfolio of over 22.6 GWp (including projects commissioned and under various stages of construction). It also manages an operation and maintenance (O&M) portfolio of 8.7 GWp solar power projects, including ...
There is a steady increase in the hiring of tech talents in the EPC (engineering, procurement and construction) sector amid constant technology upgradation by firms and the government's focus on accelerating infrastructure development, according to a report. Following positive sentiments around the 2023 Budget, the EPC sector is witnessing a rise in hiring of tech talents, both top-level management and freshers, according to CIEL HR Services report 'Employment Trends Today in EPC Sector in India - February 2023'. The report revealed that among the non-tech sectors, the EPC takes the lead (11 per cent) with regard to the most sought-after role of software development (2,367 jobs) compared to FMCG (3 per cent), Pharma (2 per cent) and Banking (10 per cent). The report is based on a survey of leading 52 EPC companies employing over 80,000 employees. The analysis included 21,865 jobs posted on job portals in January 2023. The report further revealed that with constant technology ...