What Atv Projects India does

ATV Projects India Limited, founded in 1978 and incorporated as a public limited company in 1987, is a Mumbai-headquartered heavy engineering, procurement, and construction (EPC) firm listed on the Bombay Stock Exchange (scrip code 500028). The company manufactures critical process equipment and executes turnkey industrial projects across ten sectors: sugar, chemicals and petrochemicals, fertilizers, power (thermal and hydro), nuclear, food and dairy, cement, thermal power, and railway infrastructure. Its core products include pressure vessels, heat exchangers, Horton spheres, reactors, distillation columns, sugar plant machinery (1,250-10,000 TCD capacity), bagasse-fired and fluidized-bed boilers, hydro turbine components (spiral casing, distributor, turbine housing, MIV valves), and RDSO-approved steel girder bridges.

ATV operates a large-scale manufacturing division at Mathura, Uttar Pradesh, spanning approximately 200,000 sq.m with single-piece lifting capacity up to 100 MT, CNC machining, 1,000 MT hydraulic presses, plate rolling up to 105mm thickness, bogie hearth heat treatment furnaces, and hydro testing up to 400 kg/sq.cm. The plant was modernized in collaboration with IHI Japan and holds ASME 'U' stamp, RDSO, and EIL certifications. ATV licenses technology from international partners including Stork Sugar (Netherlands), Dedini (Brazil), IHI (Japan), Andritz Hydro, and Voith Hydro, enabling it to deliver internationally-spec'd equipment to Indian clients.

ATV's business model is project-based: it sells turnkey EPC contracts and one-time equipment supply orders directly to large industrial and public-sector clients such as Indian Oil Corporation, NTPC, BHEL, BARC, IFFCO, Gammon India, and sugar cooperatives. Revenue is recognized on project milestones under multi-year contracts with negotiated, non-standard pricing. The go-to-market is consultative enterprise field sales requiring technical pre-qualification; there are no recurring software, subscription, or licensing revenues. Distribution is direct, with occasional co-supply through international partners (FL Smidth, Humboldt Wedag, L&T) acting as prime contractors.

Name

Atv Projects India

Legal name

ATV Projects India Limited

Website

https://atvprojects.co.in

Company type

Public

Founded year

1978

Operating status

Operating

Headcount range

11–50 employees

Short description

ATV Projects India is a BSE-listed heavy engineering and EPC company (founded 1978) that manufactures pressure vessels, boilers, sugar plant equipment, hydro turbine components, and steel girder bridges, executing turnkey projects for Indian PSUs and large industrial clients from its Mathura manufacturing facility.

Ownership category

akta.pro rank

Product category

Heavy Engineering Equipment & EPC Services

NAICS

Agriculture, Construction, and Mining Machinery Manufacturing (3331), Other General Purpose Machinery Manufacturing (3339), Food Product Machinery Manufacturing (333241), Mining and Oil and Gas Field Machinery Manufacturing (33313)

SIC

Heavy Construction Other Than Bldg Const - Contractors (1600), General Industrial Machinery & Equipment (3560), Construction, Mining & Materials Handling Machinery & Equip (3530), Special Industry Machinery (No Metalworking Machinery) (3550)

akta.pro primary industry

Food & Beverage Processing Plant Construction (IMAFADAH)

Keywords

• Heavy engineering fabrication
• Turnkey EPC projects
• Sugar plant machinery
• Pressure vessel manufacturing
• Industrial boiler supply

Headquarters

HQ city

Mumbai

HQ country

India

HQ region

Asia

Offices3 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Turnkey Engineering Projects: ATV executes complete engineering, procurement, and construction (EPC) projects on a turnkey basis for industrial clients across sugar, petrochemical, chemical, fertilizer, power, cement, nuclear, and food & dairy sectors. Revenue is recognized upon project completion milestones. Projects range from plant construction to infrastructure systems (fuel oil handling, storage terminals, offsite utilities). The company has handled projects with aggregate value over Rs 500 crores.
2. Heavy Equipment Manufacturing and Supply: ATV manufactures and supplies critical process equipment including pressure vessels, heat exchangers, Horton spheres, reactors, boilers, distillation columns, sugar plant machinery, cement plant components, hydro power plant equipment (spiral casing, distributor, turbine housing, MIV valves), and steel girder bridges. Equipment sales are one-time project contracts, typically as part of larger EPC or standalone supply orders.
3. On-site Fabrication and Construction Services: ATV provides on-site engineering and construction services including fabrication, erection, and commissioning. The company maintains an onsite team at client locations (e.g., Pravaranagar) providing ongoing engineering, construction, plant upgradation and modernization services.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

Core offering

ATV Projects India is a heavy engineering and turnkey EPC contractor that designs, manufactures, and supplies critical process equipment including pressure vessels, heat exchangers, Horton spheres, reactors, distillation columns, sugar plant machinery (1250–10000 TCD), bagasse-fired boilers, cement and hydro power plant components, nuclear vessels, and RDSO-approved steel girder bridges. The firm executes complete plant construction from concept through commissioning across sugar, petrochemical, fertilizer, power, nuclear, cement, hydro power, railway, and food & dairy sectors, with manufacturing centralized at a 200,000 sq.m facility in Mathura and a registered office in Mumbai.

Product overview

ATV Projects India Ltd is a heavy engineering and manufacturing company that executes turnkey industrial projects across multiple sectors. The company started in 1978 and offers a comprehensive portfolio of products including Sugar Plants and Machinery (1250-10000 TCD), Chemical & Petrochemical Equipment, Fertilizer Plant Equipment, Power Plant Systems, Nuclear Power Equipment, Food & Dairy Plant Equipment, Cement Plant Equipment, Thermal Power Plant Equipment, Hydro Power Plant Equipment, Railway Steel Girder Bridges, Industrial Boilers, Tank Farm Systems, and Heavy Fabrication Services. The company operates a major manufacturing division in Mathura with advanced capabilities and has established technology partnerships with international leaders including Stork Sugar (Netherlands), IHI (Japan), and M. Dedini (Brazil) to deliver state-of-the-art solutions.

Differentiator

Problem solved

Functional benefit

Products and services

• Sugar Plants and Machinery Turnkey sugar plant manufacturing and supply for capacities from 1250 TCD to 10000 TCD, including energy-efficient three-roller sugar mills (in collaboration with Stork Sugar Netherlands), bagasse-fired boilers, co-generation systems, and modernization and capacity expansion of existing plants for sugar cooperatives and private mills.
• Chemical & Petrochemical Equipment Process equipment for chemical and petrochemical plants including pressure vessels, heat exchangers, sophisticated Horton Spheres for LPG storage, desalters, and turnkey execution of petroleum product storage terminals for refineries and downstream chemical operators.
• Fertilizer Plant Equipment Manufacturing and supply of carbon steel and stainless steel equipment for fertilizer complexes including pyrites, sulphatic, naphtha, and gas-based plants, fuel oil and naphtha handling systems, and bimetallic expansion joints for sulphuric acid and SO2/SO3 ducting.
• Power Plant Systems Turnkey auxiliary systems for power projects — fuel oil handling systems (with proprietary heating and cleaning design), coal and ash handling, water systems, firefighting systems, air exhaust systems, effluent treatment, auxiliary cooling water systems, and co-generation and captive power plants for thermal power utilities.
• Nuclear Power Equipment Design and manufacture of sophisticated autoclaves, reactors, and testing kits for the Atomic Energy Commission, offsite utilities for nuclear power plants, and stainless steel nuclear vessels complying with international codes for design and manufacture of nuclear-grade equipment.
• Food & Dairy Plant Equipment Construction of storage handling facilities for storage and distribution of edible oil (including a 2x56,000 Cu.M capacity oil storage tank farm for NDDB) and dairy processing equipment for National Dairy Development Board and food industry clients.
• Cement Plant Equipment Customized manufacturing and supply for Rotary Kiln Cement Plants, Vertical Shaft Cement Plants, Clinker Grinding Units, Slag Cement Grinding units, and turnkey execution of cement projects including a completed project in Djibouti, Africa, supplied via international partners FL Smidth, Humboldt Wedag, and L&T to Shree Cement, UltraTech, Ambuja, and Dalmia.
• Thermal Power Plant Equipment Manufacturing and supply of boilers (in collaboration with AVANT-GARDE), chimneys, bunkers, and air-cooled chambers for steam condensation for thermal power plants, with regular supply to ISGEC and SAEL.
• Hydro Power Plant Equipment Manufacturing of hydropower plant equipment including spiral casing, distributor, turbine housing, DT liner, and MIV valves, supplied to hydro project developers including CVPPL, NHPC, JSW, and Greenko via Andritz Hydro, Voith Hydro, and Flovel.
• Railway Steel Girder Bridges RDSO-approved manufacturing and supply of Steel Girder Bridges for Indian railway projects, including approximately 2000 MT supplied to Gammon India for various railway works.
• Industrial Boilers Manufacturing of bagasse-fired water tube boilers, fluidized bed combustion boilers, multifuel water tube boilers, waste heat recovery boilers, and smoke tube boilers in collaboration with M. Dedini of Brazil, offering high thermal efficiency levels with specially designed tangent tubes.
• Tank Farm Systems Construction of storage tanks for chemicals and petroleum products, including fixed and floating roof tanks, LPG Horton Spheres, and associated refrigeration, firefighting, and pipeline facilities for petroleum, chemical, and edible oil storage operators.
• Heavy Fabrication Services Fabrication of critical heavy engineering equipment including pressure vessels, heat exchangers, reactors, distillation columns, storage tanks, and specialized equipment for various process industries, with single-piece lifting capacity up to 100 MT and ASME U-stamp certification.
• Erection, Commissioning and On-site Engineering Services On-site fabrication, erection, and commissioning services at client locations including engineering, construction, plant upgradation, and modernization for industrial clients such as sugar cooperatives and petrochemical operators.

Quantifiable outcome

• Completed first sugar plant at Nanpara in record 11 months vs. industry norm of 18 months
• +6 more outcomes

Named customers27 records

Segments9 records

Ideal customer profiles8 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature9 records

Partnerships

Eleven partnerships are on record, tiered core.

• Stork Sugar, NetherlandscoreStrategic or Co-development PartnerATV has a longstanding association with Stork Sugar of the Netherlands for the manufacturing of energy-efficient three-roller sugar mills. Stork Sugar is an international leader in sugar processing technology, and the partnership enables ATV to offer state-of-the-art sugar plant equipment to Indian clients.
• M. Dedini, S.A. Metallurgical, BrazilcoreStrategic or Co-development PartnerATV has a technology partnership with M. Dedini of Brazil — world leaders in medium and large boilers — to offer the latest boiler technology for the sugar industry. ATV-Dedini boilers offer one of the highest thermal efficiency levels among steam generation plants for the Indian sugar industry, with specially designed tangent tubes.
• IHI (Ishikawajima Harima Heavy Industries), JapancoreStrategic or Co-development PartnerATV's Mathura plant was modernized with the help of IHI of Japan — one of the world's biggest engineering companies. This modernization transformed the plant into one of Asia's most advanced manufacturing units, enabling production of critical heavy engineering equipment to international standards.
• Andritz HydrocoreStrategic or Co-development PartnerATV manufactures hydropower plant equipment (spiral casing, distributor, turbine housing, DT liner, MIV valves) for Andritz Hydro. These are supplied to their clients including CVPPL, NHPC, JSW, and Greenko for hydro power projects across India.
• Voith HydrocoreStrategic or Co-development PartnerATV manufactures specialized hydropower plant equipment including spiral casing, distributor, turbine housing, DT liner, MIV valves for Voith Hydro, supporting their hydro power project execution in India.
• FlovelcoreStrategic or Co-development PartnerATV manufactures hydro power plant fabricated equipment for Flovel, another major hydro power equipment manufacturer in India, for various hydro power projects.
• AVANT-GARDE System and Controls Pvt. Ltd.coreTechnology or IntegrationATV has a technical collaboration with AVANT-GARDE System and Controls Pvt. Ltd. to facilitate the design, manufacturing, erection, commissioning, and sale of boilers in core sectors including sugar, distillery, steel, paper, power, chemical, petrochemical, food processing, cement, and cogeneration plants.
• ISGEC (Ishapur Sugar & General Engineering Company)coreChannel Partner/ Reseller/ DistributorATV manufactures and supplies boilers, chimneys, and bunkers to ISGEC on a regular basis. ISGEC is a diversified engineering and manufacturing company operating in sugar, power, and process industry sectors.
• FL SmidthcoreChannel Partner/ Reseller/ DistributorATV manufactures and supplies cement plant components (rotary kiln parts, mill housing) through FL Smidth, the international cement industry equipment leader, for their Indian clients including Shree Cement, Ultra Tech, Dalmia, and Ambuja.
• Humboldt Wedag (Germany)coreChannel Partner/ Reseller/ DistributorATV supplies cement plant components through Humboldt Wedag, the German cement equipment manufacturer, for their cement plant projects in India.
• Larsen & Toubro (L&T)coreChannel Partner/ Reseller/ DistributorATV supplies cement plant components to Larsen & Toubro for their cement industry projects, leveraging L&T's position as a major Indian engineering and construction conglomerate.

Scale indicators8 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Thermax: Larger Indian industrial equipment manufacturer with strong boiler, heat transfer, and process equipment portfolio. Overlaps with ATV's boiler and process equipment segments but operates at significantly greater scale with broader product lines.
• Larsen & Toubro (L&T): India's largest EPC conglomerate with deep presence in power, hydrocarbon, cement, and heavy engineering. ATV supplies components through L&T for cement projects, positioning them as both customer and large-scale competitor.
• HEC (Heavy Engineering Corporation): Indian PSU heavy engineering company manufacturing process equipment including pressure vessels and castings for steel, power, and mining sectors. Overlaps with ATV's heavy fabrication and process equipment offerings for similar end markets.
• BHEL: India's state-owned heavy electrical equipment manufacturer with dominant share in power plant boilers and auxiliaries. Longstanding ATV customer/partner relationship but operates as a much larger incumbent in overlapping product categories.

Direct peers

• Walchandnagar Industries: Indian heavy engineering firm historically focused on sugar machinery, boilers, and process equipment. Direct overlap with ATV's sugar plant and EPC business across similar customer types in India.
• ISGEC Heavy Engineering: Indian heavy engineering and EPC company with sugar machinery, boilers, and process equipment as core offerings. Closely comparable to ATV as it serves the same sugar cooperative and industrial client base with similar turnkey capabilities.
• McNally Bharat: Indian EPC contractor historically focused on heavy industrial fabrication, material handling, and process plant construction. Comparable in size and operating model to ATV, serving similar Indian industrial clients.
• Triveni Engineering & Industries: Indian engineering company with significant sugar machinery and co-generation power exposure. Comparable in its turnkey offerings to Indian sugar cooperatives and its involvement in steam/boiler technology.

Emerging players

• Praj Industries: Indian process engineering company specializing in sugar, ethanol, and bio-refinery plant technology. Competes with ATV in sugar plant turnkey execution and ethanol co-generation projects, particularly with sugar cooperatives.

Regional players

• Shriram EPC: Indian EPC firm with exposure to process industries, water infrastructure, and heavy fabrication. Comparable business model and Indian client base to ATV though with stronger municipal/utility focus.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/atv-mathura

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 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 Atv Projects India