Dineshchandra R. Agrawal Infracon

What Dineshchandra R. Agrawal Infracon does

Dineshchandra R. Agrawal Infracon Private Limited (DRAIPL) is an Ahmedabad-headquartered, privately held infrastructure construction company founded circa 1970 and operating across 10+ verticals: roads and highways, bridges/flyovers/grade separators, aviation, railways and metro-rail, building construction, water supply and waste management, smart cities and urban development, North Eastern Region infrastructure, renewable energy, and power transmission. The company delivers projects primarily to central and state government clients — including NHAI, NHIDCL, MoRTH-affiliated state PWDs, RLDA, POWERGRID, RVNL, MEGA, AAI, MES, and municipal corporations such as Ahmedabad Municipal Corporation — and has executed complex projects in remote and border areas (e.g., Indo-Bangladesh and Indo-Nepal bridges). Recent project wins span the Mumbai-Ahmedabad High Speed Rail corridor, a Jamshedpur flyover, and a railway land-development parcel in central Mumbai, indicating an evolving footprint beyond pure transportation EPC.

DRAIPL earns revenue predominantly through project-based, one-time-licensing contracts awarded via competitive government tendering under EPC, DBFOT, and Hybrid Annuity Mode frameworks, supplemented by Public-Private Partnership (PPP) arrangements in roads and transport. Disclosed turnover grew from Rs 3,04,829.19 lakhs in FY 2018-19 to Rs 7,22,324.27 lakhs in FY 2022-23, supported by a CARE AA (Stable) / A1+ credit profile (reaffirmed April 2024). The company's strategic posture is shifting from standalone EPC contractor toward an asset-developer model, evidenced by the May 2026 Cube Grid platform with I Squared Capital (USD 1 billion, 1,450+ circuit km of transmission lines under 35-year PowerGrid concessions), the CCI-approved Cube Highways acquisition of its road assets, and aggressive RLDA bids for long-lease commercial development.

The company is family-controlled, with Dineshchandra R. Agrawal as Chairman and Managing Director, Jagdishchandra R. Agrawal as Executive Director, and second-generation directors Ankit Agrawal and Hardik Agrawal on the Board; April 2026 saw Deepak Agrawal appointed as Chief Business Officer, importing institutional asset-management experience from Adani Group and Macquarie-backed Swarna Tollway. Operations span 20+ Indian states and Union Territories with a workforce of 1,001-5,000 employees; technology stack is conventional construction execution with BIM/AutoCAD tooling and no disclosed proprietary AI or digital platform layer.

Name

Dineshchandra R. Agrawal Infracon

Legal name

Dineshchandra R. Agrawal Infracon Private Limited

Website

https://draipl.com

Company type

Private

Founded year

1970

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Dineshchandra R. Agrawal Infracon (DRAIPL) is an Ahmedabad-based, family-owned infrastructure construction company delivering EPC, DBFOT, and Hybrid Annuity projects across roads, highways, bridges, aviation, railways, metro-rail, water, smart cities, and power transmission to central and state government clients across India.

Ownership category

akta.pro rank

Product category

Infrastructure Construction Services

NAICS

Utility System Construction (2371)

SIC

Heavy Construction Other Than Bldg Const - Contractors (1600), Water, Sewer, Pipeline, Comm & Power Line Construction (1623)

akta.pro primary industry

Construction Management & General Contracting (EPCM, Scheduling, QA/QC, HSE) (EUAMAFAJ)

akta.pro secondary industries

Construction Management & Delivery (EPCM/CMAR/Design-Build Oversight) (EUANALAE), Balance-of-Plant (BOP) & Civil Works for Power Plants (EUAEAAAL)

Keywords

• Infrastructure construction services
• Highway and road construction
• Bridge and flyover construction
• EPC infrastructure projects
• Government infrastructure contracting

Headquarters

HQ city

Ahmedabad

HQ country

India

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Supply Chain, Personnel, Operations, Infrastructure, Technology or R&D

Revenue model

1. Infrastructure Construction Contracts: The company derives revenue primarily through infrastructure construction contracts awarded via competitive government tendering. These include EPC (Engineering, Procurement and Construction) contracts, DBFOT (Design, Build, Finance, Operate and Transfer) mode projects, and Hybrid Annuity Mode projects. Revenue is project-based and one-time in nature for each contract.
2. Public Private Partnership (PPP) Projects: The company executes projects under Public Private Partnership arrangements in roads and transport infrastructure, generating revenue through project execution fees and long-term concession arrangements.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

DRAIPL is an infrastructure construction company executing end-to-end engineering, procurement and construction (EPC), DBFOT, and Hybrid Annuity Mode projects across roads, highways, bridges, flyovers, aviation, railways, metro-rail, buildings, water supply, waste management, smart cities, North Eastern Region, renewable energy, and power transmission. The company delivers these projects primarily to central and state government agencies, public sector undertakings, and multilateral-funded programs across India. Revenue is generated through project-based construction contracts awarded via competitive government tendering.

Product overview

Dineshchandra R. Agrawal Infracon is a technology-driven construction company with over five decades of experience in India's infrastructure sector. The company operates as a single unified construction services platform offering specialized services across ten distinct segments: Roads & Highway Projects, Bridge/Flyover & Grade Separator Projects, Aviation Infrastructure Projects, Railway & Metro-Rail Projects, Building Construction Projects, Water Supply & Waste Management Projects, Smart Cities & Urban Development Projects, NERGS (North Eastern Region), Renewable Energy, and Power Transmission. These services are delivered through engineering, procurement, and construction (EPC) contracts, public-private partnerships (PPP), hybrid annuity mode, and other project delivery models to government agencies and institutional clients.

Differentiator

Problem solved

Functional benefit

Products and services

• Roads & Highway Projects
• Bridge, Flyover & Grade Separator Projects
• Aviation Infrastructure Projects
• Railway & Metro-Rail Projects
• Building Construction Projects
• Water Supply & Waste Management Projects
• Smart Cities & Urban Development Projects
• NERGS (North Eastern Region) Infrastructure Projects
• Renewable Energy Infrastructure Projects
• Power Transmission Infrastructure Projects

Quantifiable outcome

• Revenue growth from Rs 3,04,829.19 lakhs (FY 2018-19) to Rs 7,22,324.27 lakhs (FY 2022-23)
• +1 more outcomes

Named customers11 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators10 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• NCC Limited: Diversified Indian EPC player in buildings, roads, water, electrical, and mining with strong government client base. Similar multi-vertical EPC model serving central and state government clients.
• Patel Engineering: Indian EPC focused on hydro-power, tunnels, irrigation, water supply, and urban infrastructure. Comparable in the water supply, waste management, and hydroelectric/metro rail segments of DRAIPL's portfolio.
• Ashoka Buildcon: EPC and BOT player in highways, bridges, and power transmission with strong NHAI/road portfolio. Comparable in EPC execution plus long-tenure PPP asset ownership models.
• Sadbhav Engineering: Indian EPC and PPP developer in transportation (roads/highways), mining, and irrigation infrastructure. Comparable in the EPC + DBFOT/Hybrid Annuity project delivery model for government infrastructure.
• IRB Infrastructure Developers: Leading Indian road/highway BOT and EPC operator. Comparable in road/highway construction and PPP asset development, including the kind of monetization transactions Cube Highways pursued with Dineshchandra Group's road assets.
• KEC International: RPG Group EPC firm specializing in power transmission, railways, and civil infrastructure. Comparable across the power transmission and railway verticals where DRAIPL is building presence, including overlap on Power Grid Corporation projects.
• HG Infra Engineering: Listed Indian EPC focused on roads, highways, railways, and bridges. Similar mid-sized government-tender-dependent business model and NHAI/state PWD client mix.
• Dilip Buildcon: Listed Indian EPC focused on roads, highways, bridges, and metro rail with strong NHAI relationships. Closest direct comparable in road/highway EPC with similar government-tender business model and geographic presence.
• Afcons Infrastructure: Shapoorji Pallonji Group EPC firm executing marine, elevated metro, tunnels, highways, and bridges across India and internationally. Comparable across complex infrastructure verticals including metro rail and bridges.

Broad incumbents

• Larsen & Toubro: India's largest EPC conglomerate with dominant construction division covering roads, metros, railways, aviation, water, and power. DRAIPL competes against L&T for major government tenders but at a much smaller scale, while L&T offers broader capabilities and deeper capital.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/DRAINFRACON
• Facebookfacebook.com/profile.php
• LinkedInlinkedin.com/company/draipl

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Dineshchandra R. Agrawal Infracon