The term EPC denotes, Engineering, Procurement and Construction and it is the common type of contracting arrangement within the industry of construction. When an individual or a firm enters into an EPC Contract with an EPC company, the company will model the installation, purchase the required materials and will construct the building or house either through their own workforce or by subcontracting workforce with other companies. Based on the agreed scope of work, the contractor will carry out the project risk with respect to work schedule as well as budget against a fixed price agreed upon between the contractor and the service-receiver.

When the scope of the work is limited to engineering and procurement alone, the contract is referred to as EP Contract and this situation arises when the owner prefer to take care of construction work himself. Like any other industry, the EPC industry is also dominated by some of the top players in India and the names of top EPC companies in India are given below:

Top six EPC Companies in India:

• Nagarjuna Construction Company

• Punj Lloyd

• JP Associates

• Gammon India

• Hindustan Construction Company

• Lanco Group

Some of details regarding these top companies in the EPC sector in India are given below:

Nagarjuna Construction Company:

Nagarjuna Construction Company is operating from the state of Andhra Pradesh and this company has shown very good progress with respect to EPC projects in the last two years. The company has made its mark in all types of construction categories like power, real estate, metals, electrical, oil & gas, transportation, irrigation and water. The company has an annual turnover of around 1.7 billion US dollars.

Punj Lloyd:

Punj Lloyd offers integrated EPC and project management services in the infrastructure and energy sectors. The operations of the company is spread in different countries and continents like South Asia, Asia Pacific, the Caspian, Africa and the Middle East. They are offering EPC services to thermal power, civil infrastructure, process and oil & gas companies. They are acting as one of the preferred contractors for critical projects because of their ability to manage operations in diverse economies and industries.

JP Associates:

JP Associates stands for JaiPrakash Associates and this company has a very good market share in the cement industry. The company is listed in Nifty and one of the subsidiaries Jaypee Infratech is engaged in the construction of a massive highway near the capital city of the country.

Gammon India:

Gammon India is an ISO 9001 certified company, which has diversified into the EPC and power utility equipments, they have recently acquired manufacturing units for power utilities. The company offers a wide range of employment opportunities to engineering graduates in civil, electrical and mechanical engineering fields.

Hindustan Construction Company:

Hindustan Construction Company has completed many large scale infrastructural construction projects and they have projects pertaining to many sectors like water, irrigation, transportation, power and pipelines in their hand at present. The company has won several awards for offering the best service to their customers and they have made their mark in the EPC category as well.

Lanco Group:

Lanco Group is based in the state of Andhra Pradesh and they are expanding their operations rapidly in varied sectors. They are offering EPC service in two business segments being power and others. The power category includes transmission & distribution, cooling towers & balance of plants, chimneys, hydro power projects and thermal power projects. On the other hand, others category includes engineering, procurement and construction of water & pipelines, marine structures and sea ports, airports & buildings, metros & railways and construction of highways and roads.

The other major players in the EPC sector in India are Larsen & Toubro, Shapoorji Pallonji, TATA Projects and IVRCL Infrastructure.