Sector Snapshot · Construction

India's Infrastructure Build-Out Keeps Accelerating

A fast-read primer on India's construction and infrastructure sector — the backdrop against which we benchmark every company's cost structure in this category.

Rs 12.22 lakh cr
Infra capex outlay, Union Budget 2026-27
Rs 10 lakh cr
Second Asset Monetization Plan target, 2025-30
10.70%
Logistics sector CAGR through 2026
6.5%
Infra investment as % of GDP, FY29F
166.7
Index of Eight Core Industries, Feb 2026

Capex and Core Output Are Both Climbing

Government spending commitments are rising, and the core industries that feed construction are already showing it.

Infrastructure Investment (% of GDP)

FY24 → FY29 forecast

5.3%
FY24
6.5%
FY29F

Index of Eight Core Industries

Feb 2025 → Feb 2026

163.0
Feb 2025
166.7
Feb 2026

What's Pushing the Sector Forward

Record budgetary allocation, private capital, and rising investment are all converging.

Budgetary Push
  • Infra capex raised to Rs12.22 lakh crore in FY27, up 11.5% YoY
  • 50-year interest-free loan scheme for states expanded to Rs1.85 lakh crore
Private Participation
  • Second Asset Monetization Plan targets Rs10 lakh crore reinvestment, 2025-30
  • Infrastructure Finance Secretariat established to widen private investment
Rising Investment
  • CRISIL projects ~Rs143 lakh crore in infra spend through FY30
  • FDI in construction development has crossed Rs1,38,088cr since April 2000

Recent Developments

A sample of the industry-wide and policy moves shaping the sector through early 2026.

Companies We Benchmark in This Sector

Listed Indian Construction companies in tDoBe's cost-benchmarking coverage.

Larsen & Toubro
Rail Vikas Nigam
NBCC (India)
IRB Infrastructure Developers
Concordia Project
Kalpataru Projects International
Central Mine Planning
Engineers India
KEC International
Ircon International
Techno Electric & Engineering
Afcons Infrastructure
RITES
NCC
Power Mech Projects
G R Infraprojects
Welspun Enterprises
Dilip Buildcon

The Cost Benchmark — What We Actually FoundtDoBe Think Report

The market facts above are public background. What follows is tDoBe's own work: every "Other Expenses" line from these companies' own financial records, read by hand and sorted into one clear set of categories — not a keyword search, not each company's own way of reporting it.

48.1%
tDoBe Average — Other Expenses as % of net revenue
2.3×
Gap between the highest and lowest company
11
Cost categories, sorted by meaning
43.4%
Biggest single category — Miscellaneous & Others
FY24/25
Latest available financial records

Where Companies Land — Total Other Expenses

Each mark is one company's total Other Expenses as % of net revenue. No company is named here.

48.1%
0%20%40%60%80%100%

tDoBe Average by Cost Category

Ranked from biggest to smallest.

Miscellaneous & Others
43.4%
Legal & Professional Fees
0.8%
Travel & Conveyance
0.6%
Rent & Occupancy
0.4%
Repairs & Maintenance
0.2%
Total Other Expenses
48.1%
Where the Cost Really Sits

Almost all of the typical Other Expenses in this sector sits inside one broad bucket, Miscellaneous & Others — largely subcontracted and project-execution costs that don't fit neatly into any other category, common in large infrastructure and engineering-procurement-construction work.

Why the Range Is So Wide

Even with that shared pattern, companies in this sector still differ meaningfully — project mix and contract structure account for most of the gap between them.

Why the Comparison Is Fair

We use each company's own standalone financial records — not group numbers, not each company's own labels. Every cost line is read by hand and placed into one common set of categories, so every company is compared the same way.

See Where Your Own Company Stands

This is the free, sector-wide view. It tells you where Construction stands as a whole — not where your own company stands against it, category by category, in rupees.

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A below-average number is a reason to call too — the benchmark keeps improving as we go.

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Compiled from public government and industry sources, February 2026 update · Figures rounded · tDoBe sector snapshot, for informational purposes · Cost Benchmark findings compiled from companies' own financial records, FY2024/25.