Ganesh Infraworld is an infrastructure execution specialist - it does the heavy lifting on complex construction sites so that India’s largest EPC (Engineering, Procurement and Construction) contractors can deliver on time. The business began in 2017 as a small partnership in Kolkata and, within seven years, converted to a public company and listed on the NSE SME platform, all while sticking to a single playbook: build deep, self-delivered execution muscle, win repeat orders from marquee clients, and then use that credibility to step into bigger, adjacent infrastructure verticals. That approach has turned a subcontractor into a diversified prime contractor with a pan-India footprint across 22 project sites and an order book that stretches several years ahead. # Business segments Five engines at different stages - a mining and logistics heavyweight built through acquisition, a civil and electrical core that built the company’s reputation, a water-infrastructure play riding a national mission, a rail-and-road utilities book, and a newly launched equipment-leasing arm - each layered on the execution track record of the one before. ## 1. Mining development and transportation: the group’s new heavy-lifting anchor **The company entered mining by winning the largest single order in its history, then bought the logistics firm that moves the material - creating an integrated mine-to-transport chain.** - **End-to-end mine operations** - the company removes overburden (the rock and soil above a mineral seam), drills, blasts, excavates coal and chrome ore, and hauls it to dump yards using its own fleet of heavy earth-moving machines like excavators, dumpers and dozers. This is not advisory work; it is physical site execution under multi-year contracts. - **A landmark entry order** - the vertical was launched during 2025 with a Rs. 708 crore contract from Kandoi Transport for overburden removal at the Nigahi coal field in Madhya Pradesh, a job that immediately made mining the company’s single largest opportunity. - **Bought the transporter** - in 2026, the company acquired a 60% stake in Kandoi Transport (later renamed Tykoon Mines GK Limited), the very logistics partner that gave it the entry order, bringing a diversified heavy-vehicle fleet that handles first-mile to last-mile bulk mineral movement in-house. - **Long-tenure government mine contracts** - the subsidiary holds contracts of 48 to 60 months with Northern Coalfields Ltd (a Coal India arm) and Odisha Mining Corporation, covering excavation quantities measured in tens of millions of bank cubic metres (BCM) and millions of tonnes of iron ore. These tenures provide multi-year visibility. ## 2. Civil and electrical infrastructure: the reputation engine **This is where the company earned its stripes - building factories, substations and transmission lines for some of India’s most demanding industrial clients.** - **Industrial civil works for blue-chip clients** - the company constructs plant sheds, warehouses and non-industrial buildings for customers that include Tata, Maruti Suzuki, NTPC, Vedanta, L&T and IndianOil. The client list acts as a credential that opens doors in every other segment. - **Power infrastructure from substation to household** - it delivers high-voltage substations up to 400 kV, gas-insulated substations up to 220 kV, transmission lines and switchyards, and on the rural side it designs and commissions the full chain of transformers, cabling, distribution lines and household metering. - **Self-delivery with an owned fleet** - the company operates its own excavators, drilling rigs and concrete batching plants, and employs over 80 engineers, so it controls quality and timelines directly rather than relying on sub-contractors. That is how it secures roughly 60% of its orders from repeat customers. - **A milestone track record** - executed projects include a powder coating plant shed in Kharagpur, a power substation for a state electricity board, and more than 100 kilometres of underground electrical cabling laid using horizontal directional drilling (HDD), a trenchless method that avoids digging up roads. ## 3. Water infrastructure: riding the Jal Jeevan Mission **The company builds the pipes, plants and pumping stations that take water from source to household tap, aligning squarely with the government’s flagship rural water programme.** - **Full water-supply chain** - the scope spans design, construction and maintenance of large-scale water treatment plants, energy-efficient pumping stations for supply and drainage, and bulk pipeline networks up to 4,000 mm in diameter using materials from mild steel to HDPE. - **A subcontractor on a national mission** - the company is executing work under the “Har Ghar Jal Mission” in Jaunpur, Uttar Pradesh, the government’s programme to deliver a piped water connection to every rural household. It also aligns with AMRUT 2.0, the urban renewal mission. - **Recent municipal wins** - specific projects include a Rs. 203.8 crore sewerage treatment package in Mumbai and two sewerage treatment projects worth Rs. 105.8 crore in Jammu and Kashmir, moving the company deeper into urban sanitation infrastructure. ## 4. Civic utilities: rail and road infrastructure **A concentrated book of railway electrification and road construction work, now deepened by a joint venture that adds signalling and communication networks.** - **Railways from survey to commissioning** - the company handles the full EPC chain for rail projects: survey and design, embankments, bridges (including road-over-bridge and road-under-bridge structures), steel girder fabrication, track laying with flash butt welding, and electrification of railway yards and overhead equipment. - **A joint venture for railway communications** - through Ganesh Netsoft JV Networks, the company integrates engineering with network systems, and it has already won a Rs. 62.1 crore EPC order in railway communication through this vehicle. - **Road construction for state programmes** - the segment also covers road projects, with customers that include the Pradhan Mantri Gram Sadak Yojana (the rural roads scheme) and the West Bengal Housing Infrastructure Development Corporation. ## 5. Equipment leasing: a new annuity play **A just-launched division that buys aerial work platforms and leases them to institutional customers on multi-year contracts, creating a recurring revenue stream adjacent to the core EPC business.** - **Long-term lease, not spot rental** - the company is procuring a fleet of boom lifts, scissor lifts and vertical lifts worth Rs. 70.6 crore from Dingli AWP India, and it has already secured a three-year leasing order worth Rs. 35.7 crore against those assets. The model locks in revenue for the lease period. - **Ancillary to the main business** - the division was announced on 1 April 2026 and is described as connected with the company’s existing line of work, meaning the equipment can potentially serve its own project sites as well as external customers. # Group structure and partners **The company has expanded through a mix of organic entry, a transformative acquisition, and a joint venture - each move adding a capability the core EPC business could then feed with contracts.** - **Kandoi Transport / Tykoon Mines GK Limited** - acquired in stages during 2026, the subsidiary is now 60% owned and forms the backbone of the mining and transportation segment, with the Managing Director and a Non-Executive Director of Ganesh Infraworld appointed as Executive Directors to its board. It was renamed from Kandoi Transport to Tykoon Mines GK Limited in June 2026 and subsequently won a Rs. 100 crore EPC sub-contract for river protection works on a new rail link project in Bihar. - **Ganesh Netsoft JV Networks** - a strategic joint venture created to combine engineering with network systems for railway communication infrastructure, already delivering a Rs. 62.1 crore order. - **GRV Global L.L.C-FZ** - a wholly owned subsidiary incorporated in Dubai, marking the company’s first step into the Middle East EPC market.