New Delhi, Aug. 25 -- Large, diversified engineering, procurement and construction (EPC) companies are expected to see their revenues grow by 9-11 per cent this fiscal, according to a recent Crisil Ratings report. Infrastructure alone accounts for nearly three-fourths of India's total capital expenditure, underlining the critical role of these companies. In addition, some have expanded overseas to capture opportunities in diverse infrastructure sectors.

The report reviewed 15 major EPC companies with a combined revenue of Rs. 3.15 lakh crore in the last fiscal, showing that these firms remain closely dependent on government and private sector spending.

Revenue growth, which averaged nearly 20 per cent annually between fiscals 2022 and 2...