The construction industry in India is valued at over $700 billion. About half of the demand for construction comes from the infrastructure segment such as bridges, tunnels, dams, roads, and power plants. High demand also comes from industrial activities, housing, and building development.
India’s construction sector can be divided into the following categories:
- General contractors – build residential, commercial, and industrial buildings
- Heavy engineering construction contractors – build roads, highways, tunnels, ports, and bridges
- Special trade contractors – specialize in carpentry, painting, plumbing, and electrical work
Some top domestic construction companies in India and their services include:
Larsen & Toubro (L&T) – India’s largest engineering and construction conglomerate, specializing in civil infrastructure, power networks, industrial projects, heavy civil systems, and defense/aerospace engineering.
Hindustan Construction Company (HCC) – hydro power projects, nuclear power infrastructure, complex transport corridors, and urban water solutions.
Tata Projects – industrial infrastructure, urban transport/metros, power transmission, and large-scale EPC execution.
Megha Engineering & Infrastructures (MEIL) – major irrigation schemes, drinking water networks, power grids, and transport projects.
NCC Limited (formerly Nagarjuna Construction Company) – industrial and commercial complexes, housing projects, transportation corridors, water supply systems, and sports/hospitality infrastructure.
Selected top foreign players in India’s construction industry include:
- Bechtel (California) – designs refineries, power plants, aluminum smelters, and liquefied natural gas processing plants
- Halliburton (Texas) – serves upstream oil & gas industry by locating hydrocarbons, drilling, and constructing reservoirs
- Fluor (Texas) – provides engineering, design, procurement, and construction management services
- Jacobs (Texas) – provides construction management, project management, and modular construction and fabrication services
- Veolia Environnement S.A. (France) – partners with local public authorities in India to provide safe sustainable water in rapidly growing cities
- Aqualyng (Norway) – provides services such as desalination, wastewater, zero liquid discharge, and sewage treatment plants
- Alstom (France) – provides engineering, manufacturing, transmission, and transport services for electrical grid, power generation, and rail systems product sectors
- GIZ (Germany) – focuses on sustainable economic, environmental, and social development in India
Construction Equipment
According to Indian Construction Equipment Manufacturers Association (ICEMA) and Ministry of Heavy Industries data, total construction equipment sales reached a record 140,191 units in 2026 (with exports growing to nearly 16,900 units), supported by national infrastructure initiatives such as the National Infrastructure Pipeline and PM Gati Shakti.
Construction equipment is comprised of the following categories:
- Earth-moving equipment – 57%
- Concrete equipment – 19%
- Material handling and cranes – 12%
- Road-building equipment – 9%
- Material processing – 3%
Some major equipment manufacturers and their products include:
- J.C. Bamford Excavators (U.K.) – earth-moving equipment such as backhoe loaders, wheeled loaders, excavators, skid steer loaders, telehandlers, compactors, telescopic handlers, engines, and pick-&-carry cranes
- Bharat Earth Movers (India) – bull dozers, excavators, dumpers, rope shovels, pipe layers, sprinklers, and motor graders
- Elecon Engineering Co Ltd. (India) – elevators, conveyors and moving machines, gears, and crushers
Cement Industry
India has the second largest cement industry in the world. More than 40% of cement plants are located in the states of Andhra Pradesh, Rajasthan, and Tamil Nadu. Private companies comprise 98% of India’s 450 million ton cement production.
The housing and infrastructure industries are in highest demand of cement. The largest domestic cement manufacturers include UltraTech Cement, Shree Cement, Jaypee Cement, and ACC Limited.
Last updated: August 4th, 2026
