In this article, I will discuss the Best Infra Stocks in India that offer strong growth potential. With India’s rapid infrastructure development, companies in sectors like railways, highways, power transmission, and construction are witnessing significant expansion.
- Key Points & Best Infra Stocks In India List
- 10 Best Infra Stocks In India
- 1.Larsen and Toubro
- Key Details – Larsen & Toubro (L&T)
- 2.Rail Vikas Nigam Ltd
- Key Details – Rail Vikas Nigam Ltd (RVNL)
- 3.IRB Infrastructure Developers Ltd
- Key Details – IRB Infrastructure Developers Ltd
- 4.NBCC
- Key Details – NBCC (India) Ltd
- 5.KEC International
- Key Details – KEC International Ltd
- 6.Kalpataru Power Transmission Limited
- Key Details – Kalpataru Power Transmission Ltd (KPIL)
- 7.IRCON International Ltd
- Key Details – IRCON International Ltd
- 8.Techno Electric & Engineering Company
- Key Details – Techno Electric & Engineering Company Ltd (TEECL)
- 9.Afcons Infrastructure Ltd
- Key Details – Afcons Infrastructure Ltd
- 10.G R Infraprojects Ltd
- Key Details – G R Infraprojects Ltd
- Conclusion
Investing in these stocks can provide long-term returns, making them attractive options for investors seeking exposure to the booming infrastructure sector.
Key Points & Best Infra Stocks In India List
| Company Name | Key Points |
|---|---|
| Larsen & Toubro (L&T) | Leading infra giant, diversified projects, strong order book, consistent revenue growth. |
| Rail Vikas Nigam Ltd (RVNL) | Govt-backed rail infra company, strong execution capabilities, steady revenue growth. |
| IRB Infrastructure Developers Ltd | Major player in road projects, toll collection business, stable cash flow. |
| NBCC (India) Ltd | Govt-owned, specializes in project management and consultancy, strong presence in real estate redevelopment. |
| KEC International | Global infra EPC player, expertise in power transmission, railways, and civil engineering. |
| Kalpataru Power Transmission Ltd | Leading power transmission firm, diversified infra projects, strong financials. |
| IRCON International Ltd | Govt-owned railway construction firm, strong domestic and global presence. |
| Techno Electric & Engineering Co. | Focus on power and renewable energy, strong project execution, debt-free balance sheet. |
| Afcons Infrastructure Ltd | Shapoorji Pallonji Group company, large-scale infra projects, expertise in marine and bridges. |
| G R Infraprojects Ltd | Road and highway projects, BOT model expertise, solid order book. |
10 Best Infra Stocks In India
1.Larsen and Toubro
Larsen & Toubro (L&T) is the largest engineering and construction company in India. It is well known for its business interests in infrastructure, heavy engineering, hydrocarbon projects, and defense.
L&T has more than ₹4 lakh crore in orders, which provides them with revenue for many years. Larsen and Toubro’s participation in several government projects like Smart Cities, metro rail systems and renewable energy projects show the company’s infrastructure development role in the Indian economy.
The company also makes sure to stay technologically advanced which makes it easier to run projects and minimize costs, proving to be a great investment in the Indian infrastructure market.
Key Details – Larsen & Toubro (L&T)
| Category | Details |
|---|---|
| Founded | 1938 |
| Headquarters | Mumbai, India |
| Industry | Engineering, Construction, and Infrastructure |
| Key Sectors | Infrastructure, Power, Defence, Hydrocarbons, Heavy Engineering |
| Order Book | ₹4+ lakh crore (2025) |
| Revenue (FY24) | ₹2.24 lakh crore |
| Net Profit (FY24) | ₹14,400 crore |
| Growth Drivers | Smart Cities, Metro Rail, Highways, Renewable Energy |
| Global Presence | 50+ countries |
| Strengths | Strong execution capabilities, diversified portfolio, steady revenue growth |
2.Rail Vikas Nigam Ltd
Rail Vikas Nigam Limited (RVNL), incorporated under the Indian Ministry of Railways in 2003, is focused on the implementation of various rail infrastructure works which includes doubling, electrification, gauge conversion, new lines, and so on.
In May 2023, RVNL achieved Navratna status, thereby increasing its functional and financial self-governance.
Although RVNL suffered a 34% decline in net profit to ₹224 crore along with a 27% revenue decrease to ₹4,074 crore in Q1 FY2024-25, RVNL continues to play a vital role in the growth of Indian Railways and is elidgable for infrastructural dominancy owing to its consistently positive project execution.
Key Details – Rail Vikas Nigam Ltd (RVNL)
| Category | Details |
|---|---|
| Founded | 2003 |
| Headquarters | New Delhi, India |
| Industry | Railway Infrastructure Development |
| Key Sectors | Rail construction, electrification, doubling, and gauge conversion |
| Navratna Status | Achieved in May 2023 |
| Revenue (FY24) | ₹20,282 crore |
| Net Profit (FY24) | ₹1,416 crore |
| Order Book | ₹80,000+ crore |
| Strengths | Govt-backed, strong project execution, steady growth |
| Global Presence | Projects in Nepal, Bangladesh, Mauritius, and Sri Lanka |
3.IRB Infrastructure Developers Ltd
The IRB Infrastructure Developers Ltd (IRB) is at the forefront of construction of roads and highways across India and is especially known for its Build-Operate-Transfer (BOT) Projects.
IRB has established a strong footprint across 12 states with a portfolio of 36 projects, including a major stake in the Golden Quadrilateral Highway Network.
For the quarter ending December 2024, the company reported a consolidated net profit of ₹6,026.11 crore which is a staggering increase from ₹187.42 crore during the same quarter last year.
This profit growth reflects the exceptional oxygen operational performance and strategic implementation of IRB and represents a significant investment opportunity in the country’s infrastructural development.
Key Details – IRB Infrastructure Developers Ltd
| Category | Details |
|---|---|
| Founded | 1998 |
| Headquarters | Mumbai, India |
| Industry | Road and Highway Infrastructure |
| Key Sectors | BOT (Build-Operate-Transfer), HAM (Hybrid Annuity Model), Toll Operations |
| Revenue (FY24) | ₹8,793 crore |
| Net Profit (FY24) | ₹6,026 crore |
| Order Book | ₹32,000+ crore |
| Project Portfolio | 36 projects across 12 states |
| Strengths | Market leader in toll road projects, strong BOT presence |
| Global Presence | India-focused operations |
4.NBCC
NBCC (India) Ltd, a public sector company, has shown strong performance in the infrastructure sector. For Q2 FY25, the companay declared a net consolidated profit of ₹125.13 crore which is a year-on-year increase of 52.78%.
Total income during the quarter also increased by 18.35% as compared to the previous year, reaching ₹2,525.95 crore.
NBCC has plans to upsurge revenues from ₹11,000 crore during the current fiscal to ₹25,000 crore in five years, primarily by venturing into real estate and redeveloping dormant PSU lands. This strategy makes NBCC a crucial component in the enhancement of infrastructure in India.
Key Details – NBCC (India) Ltd
| Category | Details |
|---|---|
| Founded | 1960 |
| Headquarters | New Delhi, India |
| Industry | Construction, Project Management, and Real Estate |
| Key Sectors | Government projects, real estate, redevelopment, infrastructure |
| Revenue (FY24) | ₹11,000 crore |
| Net Profit (FY24) | ₹500+ crore |
| Order Book | ₹65,000+ crore |
| Major Projects | AIIMS, Pragati Maidan, redevelopment of govt colonies |
| Strengths | Govt-backed, strong execution, consistent growth |
| Global Presence | Operations in India and abroad |
5.KEC International
KEC International Ltd., a global primary EPC firm within RPG Group, has maintained a strong financial performance over the recent quarters. For Q2 FY25, the company’s revenue stood at ₹5,113 crore, which was 14% higher on a YoY basis, and had a Profit After Tax (PAT) of ₹85 crore, which grew by 53% over the previous year.
For the period till June 2023, the company’s order intake was close to ₹135 billion which was an increase of roughly 50%, whereas, the total order book along with expected orders (L1) was more than ₹425 billion.
During Q3 FY25, KEC’s revenue increased year-on-year by 7% and reached ₹5,349 crore, while PAT grew 34% to ₹130 crore, in tandem with the year-to-date order intake exceeding ₹220 billion
Which reflects a growth of more than 70% from the previous fiscal year along with the aggregate order book and L1 crossing 410 billion.
All of these suggest an important and improving role KEC International is playing in the unmet and increasing infrastructure needs internationally and in India.
Key Details – KEC International Ltd
| Category | Details |
|---|---|
| Founded | 1945 |
| Headquarters | Mumbai, India |
| Industry | Engineering, Procurement, and Construction (EPC) |
| Key Sectors | Power transmission, railways, civil, cables, and solar |
| Revenue (FY24) | ₹20,000+ crore |
| Net Profit (FY24) | ₹450+ crore |
| Order Book | ₹42,500+ crore |
| Project Portfolio | 30+ countries across 5 continents |
| Strengths | Global presence, strong execution, diverse project portfolio |
| Global Presence | Africa, Middle East, South Asia, and Americas |
6.Kalpataru Power Transmission Limited
Beginning on May 22, 2023, Kalpataru Power Transmission Ltd. (KPTL) will be known as Kalpataru Projects International Ltd. (KPIL).
This change stems from the merger with JMC Projects (India) Limited, which makes KPIL one of the largest diversified engineering and construction companies in India.
The company currently has an all-time high order book of approximately ₹50,000 crore, which includes L1 orders.
KPIL is firmly established internationally and operates in several industries, such as, power transmission and distribution, buildings and factories, water, railways, oil and gas pipelines, urban infrastructure, etc.
Key Details – Kalpataru Power Transmission Ltd (KPIL)
| Category | Details |
|---|---|
| Founded | 1981 |
| Headquarters | Mumbai, India |
| Industry | Engineering, Procurement, and Construction (EPC) |
| Key Sectors | Power transmission, railways, water, oil & gas pipelines, buildings |
| Revenue (FY24) | ₹24,000+ crore |
| Net Profit (FY24) | ₹900+ crore |
| Order Book | ₹50,000+ crore |
| Project Portfolio | 70+ countries across 5 continents |
| Strengths | Strong execution, diverse portfolio, consistent growth |
| Global Presence | Africa, Asia, Middle East, and Americas |
7.IRCON International Ltd
IRCON International Limited was founded in 1976 under the Ministry of Railways for implementing turnkey infrastructure projects related to Railways and Highway construction.
It operates in several states of India and other countries like Malaysia, Nepal, UK IRCON has carried out more than 300 domestic works, over 100 International projects in 21 countries and has done more than 100 International projects in 21 countries.
The Corporation has diversified from construction and now offers services which include, but are not limited to: Engineering of EHP substation, construction of highways and railways, metro rail projects, and many others.
Key Details – IRCON International Ltd
| Category | Details |
|---|---|
| Founded | 1976 |
| Headquarters | New Delhi, India |
| Industry | Railway and Infrastructure Construction |
| Key Sectors | Railways, highways, bridges, electrification, and metro projects |
| Revenue (FY24) | ₹12,000+ crore |
| Net Profit (FY24) | ₹1,000+ crore |
| Order Book | ₹40,000+ crore |
| Project Portfolio | 400+ projects across 21 countries |
| Strengths | Govt-backed, expertise in rail infra, consistent growth |
| Global Presence | Asia, Africa, and Europe |
8.Techno Electric & Engineering Company
Founded in 1963 and located in Kolkata, Techno Electric & Engineering Company Limited (TEECL) remains one of the key companies in India’s electric power infrastructure industry.
The company practices engineering, procurement, and construction (EPC) services in the areas of energy Power Plants, Power Transmission, and Power Distribution.
TEECL has successfully executed renewable energy projects under the Public-Private Partnership (PPP) model worth 200 million US dollars and transmission assets valued at 600 million US dollars.
Approximately four hundred TEECL professionals have successfully completed over four hundred projects across the globe affirming the company’s commitment and expertise in infrastructure development.
Key Details – Techno Electric & Engineering Company Ltd (TEECL)
| Category | Details |
|---|---|
| Founded | 1963 |
| Headquarters | Kolkata, India |
| Industry | Power Infrastructure and Renewable Energy |
| Key Sectors | Power generation, transmission, and distribution |
| Revenue (FY24) | ₹1,500+ crore |
| Net Profit (FY24) | ₹300+ crore |
| Order Book | ₹5,000+ crore |
| Project Portfolio | 400+ projects across India |
| Strengths | Strong EPC capabilities, renewable energy focus |
| Global Presence | India-focused operations |
9.Afcons Infrastructure Ltd
Afcons Infrastructure Limited, established in 1959, is a leading Indian construction and engineering company and a key subsidiary of the Shapoorji Pallonji Group.
Specializing in infrastructure EPC projects, Afcons has a diverse portfolio that includes bridges, flyovers, metros, railways, tunnels, highways, ports, and marine works.
The company has executed over 235 marine and industrial projects across 15 countries, including 206 in India. Notable achievements include constructing eight LNG tanks in India and being recognized as the 10th largest international marine and port facilities contractor globally.
Key Details – Afcons Infrastructure Ltd
| Category | Details |
|---|---|
| Founded | 1959 |
| Headquarters | Mumbai, India |
| Industry | Construction and Engineering |
| Key Sectors | Roads, bridges, tunnels, metros, marine, and rail projects |
| Revenue (FY24) | ₹12,000+ crore |
| Net Profit (FY24) | ₹800+ crore |
| Order Book | ₹45,000+ crore |
| Project Portfolio | 235+ projects across 15 countries |
| Strengths | Expertise in marine and metro projects, global footprint |
| Global Presence | Asia, Africa, Middle East, and Europe |
10.G R Infraprojects Ltd
Founded in December of 1995, G R Infraprojects Limited is one of India’s major infrastructure companies that specializes in EPC (Engineering, Procurement, and Construction) services covering highways, railways, bridge’s tunnels, metro projects, and more.
The company is known for finishing projects on or before schedule and has completed over 100 projects spanning 23 states.
Better yet, the company boasts an integrated in-house structure inclusive of design and engineering, construction materials manufacturing, and over 8,700 construction equipment and vehciles, guaranteeing high standards and deadlines are met.
Key Details – G R Infraprojects Ltd
| Category | Details |
|---|---|
| Founded | 1995 |
| Headquarters | Udaipur, India |
| Industry | Infrastructure Development |
| Key Sectors | Highways, bridges, tunnels, railways, and metro projects |
| Revenue (FY24) | ₹10,000+ crore |
| Net Profit (FY24) | ₹1,000+ crore |
| Order Book | ₹30,000+ crore |
| Project Portfolio | 100+ projects across 23 states |
| Strengths | Strong execution, timely project delivery |
| Global Presence | India-focused operations |
Conclusion
In sum, India’s foremost infrastructure companies, such as Larsen et Toubro, RVNL, IRB Infrastructure, NBCC, KEC International, Kalpataru Power, IRCON, Techno Electric, Afcons and G R Infraprojects, have high growth prospects.
With strong order books and revenue, and government projects, these companies are likely to benefit from the growing infrastructure sector of India and thus, are favorable long-term investments.
