Because Economies are Built on Infrastructures

EPC is a prominent form of contracting agreement in the construction industry. The engineering and construction contractor will carry out the detailed engineering design of the project, procure all the equipment and materials necessary, and then construct to deliver a functioning facility or asset to their clients.

The construction industry, and its broader ecosystem, erects buildings, infrastructure, and industrial structures that are the foundation of our economies and are essential to our daily lives. It has successfully delivered ever more challenging projects, from undersea tunnels to skyscrapers. However, the industry also has performed unsatisfactorily in many regards for an extended period of time. The COVID-19 pandemic may be yet another crisis that wreaks havoc on an industry that tends to be particularly vulnerable to economic cycles.

Thanks to the vast scope of such companies, the market can never lay low for long. The projects handled by an EPC company can lie in varied domains, awarded on a turnkey basis. Even though these companies are primarily involved in construction, the sectors they cater to might fall in a diversified range. For example, an EPC company can be involved in completion of projects for the Oil and Gas industry or plant projects for the Power sector.

Engineering procurement and construction (EPC) companies, engaged in road development, have reached their pre-Covid operating level as issues around availability of labour and raw material have largely been resolved, as per a Crisil report.

We at siliconindia certainly hope the industry catches on because this edition is dedicated to those EPC firms that have helmed the industry's positioning in India. with adequately researched and proven products to make India healthier.

Do let us know what you think.