1. Water infrastructure project execution - The company holds an unexecuted order book of ₹7,918.57 crore across over 40 projects, with water and irrigation contracts comprising ₹6,484.9 crore. This provides 2.33 times revenue visibility over projected FY2025 turnover, though Jal Jeevan Mission projects constitute 33.24% of total orders.
2. Balance sheet debt reduction - The company is allocating ₹220.00 crore from Fresh Issue proceeds in Fiscal 2026 to prepay or repay outstanding borrowings across 115 identified loan facilities. Eliminating high-cost debt carrying interest rates up to 11.70% lowers finance costs and frees up borrowing limits to bid for larger EPC tenders.
3. Heavy equipment fleet expansion - The company has earmarked ₹14.91 crore from IPO proceeds in Fiscal 2026 to purchase four dump trucks and one excavator, though orders are not yet placed. Adding to its 630 owned machines reduces third-party equipment hiring expenses, which reached ₹29.3 crore in FY2024.
4. Coal mining MDO contract - A 7-year Mine Developer and Operator contract at the Bishrampur Mining Project for South Eastern Coalfields runs through CY 2030, with ₹669.33 crore remaining in the order book. The assignment provides multi-year non-irrigation revenue and establishes commercial excavation credentials in Chhattisgarh.
5. Urban metro rail expansion - The company is constructing 11.6 km of viaducts and passenger stations for the Surat Metro Rail Project following the completion of its ₹45 crore Ahmedabad Metro contract. Proven execution under Gujarat Metro Rail Corporation qualifies the company to bid across India's 1,018 km active metro project pipeline.
6. Geographic market expansion - Active operations have broadened from 8 states in FY2022 to 11 states in H1 FY2025, with new bidding targeted across Bihar, Andhra Pradesh, and Goa. Entering new territories diversifies revenue away from Gujarat and Madhya Pradesh, which together generated 76.70% of revenue in H1 FY2025.
7. Solar-powered irrigation diversification - The company is executing the ₹82.33 crore Jhajjar turnkey project in Haryana to build solar-powered pressurized micro-irrigation infrastructure by CY 2026. Delivering integrated solar and hydraulic projects positions the company to win upcoming contracts under national green energy irrigation schemes.