Top Infrastructure Development Companies in India

Infrastructure Sector in India

Government is working towards the development of a national highway network of 2 lakh kms by 2025.

Advantage India

Robust
Demand

*India intends to enhance its infrastructure to reach its 2025 economic growth target of US$ 5 trillion.

*Cement demand in India is projected to remain robust in the coming years, with a compound annual growth rate (CAGR) of 7-8% over FY25-27, according to a report by JM Financial.

*Indian REITs deliver 6-7.5% yields, have reached Rs. 1,54,242 crore (US$ 18 billion) market as of August 2025 and are projected to surpass Rs. 2,14,225 crore (US$ 25 billion) by 2029 with expansion into retail, logistics and new-age assets.

*India’s infrastructure sector is witnessing robust demand in 2025, driven by integrated planning, higher investments and technology-led execution, positioning the country for stronger economic growth and scalable development.

Attractive
Opportunities

*In the Union Budget 2025-26, Union Minister for Finance & Corporate Affairs, Ms. Nirmala Sitharaman announced plans to connect 120 new airports in 10 years, targeting four crore additional passengers.

*Morgan Stanley projects India’s infrastructure investment to rise from 5.3% of GDP in FY24 to 6.5% by FY29.

*In January 2025, the government approved 56 Watershed Development Projects in 10 high-performing states with a budget of Rs. 700 crore (US$ 80.9 million).

*India’s infrastructure sector is emerging as a highly attractive investment destination, with Budget 2026 expected to unlock Rs. 15.39 lakh crore (US$ 175 billion) investment opportunities over seven years across transport, digital infrastructure, clean energy and urban development.

Policy
support

*Union Budget 2025-26 includes continuation of a 50-year interest-free loan for states' capital expenditure, with an enhanced outlay of Rs. 1.5 lakh crore (US$ 17.30 billion).

*In line with PM Gati-Shakti National Master Plan, eight key infrastructure projects have been shortlisted: seven by the Ministry of Railways and one by the Ministry of Road Transport and Highways to improve efficiency in challenging terrains.

*Private sector access to relevant data and maps from the PM Gati Shakti portal will be provided for better project planning.

*India’s infrastructure growth is being accelerated through strong policy support such as PM GatiShakti, National Logistics Policy, Smart Cities Mission, and large-scale investments in highways, railways, metros, and digital infrastructure, strengthening connectivity, logistics efficiency, and long-term economic development.

Increasing
Investments

*In the Union Budget 2026–27, capital investment outlay for infrastructure has been increased to Rs. 12.22 lakh crore (US$ 132.8 billion).

*According to CRISIL’s Infrastructure yearbook 2023, India will spend nearly Rs. 143 lakh crore (US$ 1,727.05 billion) on infrastructure in seven fiscals through 2030, more than twice the near Rs. 67 lakh crore (US$ 912.81 billion) spent in the previous seven years.

*As of October 14, 2025, London-based infrastructure investor Actis said India is one of the most attractive infrastructure markets globally and plans to explore ways to double its existing Rs. 17,500 crore (US$ 2 billion) investment in energy, roads, transportation and digital infrastructure over the next three to four years.

*India’s infrastructure sector is attracting rising investments, with government capital expenditure increasing 4.2 times to Rs. 11.21 lakh crore (US$ 121.29 billion) in FY26, strengthening roads, railways, ports and logistics growth nationwide.

Snapshot Showcase Infographics Reports

Last updated: Feb, 2026

Reliance Infrastructure Limited (RInfra)

Reliance Infrastructure Limited (RInfra) is one of the largest infrastructure companies, developing projects through various Special Purpose Vehicles (SPVs) in several high growth sectors such as power, roads, metro rail and airport in the infrastructure space and the defence sector. The company is also a leading utility company with presence across the chain of power businesses such as generation, transmission, distribution, and power trading. RInfra, through its SPVs, has executed a portfolio of infrastructure projects under BOT such as a metro rail project in Mumbai and eleven road projects with total length of about 1,000 kms. RInfra, along with its wholly owned subsidiary company, has installed capacity of 441 MW of power and distributes power to over 40 lakh consumers in Delhi. RInfra also provides Engineering, Procurement, and Construction (EPC) services for developing power infrastructure and road projects.

GMR Infrastructure

GMR Infrastructure Limited (GIL) is engaged in generation of power, mining and exploration activities, development of highways, infrastructure development, such as development and maintenance of airports and special economic zone; construction business, including Engineering, Procurement and Construction (EPC) contracting activities and operation of airports and special economic zones. Its airports segment is engaged in the development and operation of airports. Its power segment is engaged in generation of power and provision of related services and exploration and mining activities. The roads segment is engaged in the development and operation of roadways. The EPC segment is engaged in handling of engineering, procurement, and construction solution in the infrastructure sector. The others segment is engaged in urban infrastructure and other activities.

IRB Infrastructure Developers Limited

IRB Infrastructure Developers Limited is a road BOT operator. The company's principal activity is the construction and maintenance of roads. Its business segments include road infrastructure projects, which includes development and operation of roadways; real estate, which includes real estate development; and others, which includes windmill (sale of electricity generated by windmill), hospitality and airport infrastructure. Its construction business complements its BOT vertical by executing engineering, procurement and construction, and O&M aspects of BOT concessions. It has a portfolio of over 20 road BOT projects. It has in-house integrated project execution capabilities in both its business verticals, including construction and O&M of highways. Its clients include government agencies such as National Highways Authority of India (NHAI) and state road development authorities, which develop highways.

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