Rigsar Construction Pvt Ltd

What Rigsar Construction Pvt Ltd does

Rigsar Construction Pvt Ltd is a Bhutan-based heavy-civil construction and infrastructure company headquartered in Phuentsholing. The firm originated as a sole proprietorship in 1991 and was incorporated as a Private Limited company in 2012 under the Companies Act of Bhutan 2000. Its core service offering spans roads and bridges, buildings, river protection works, and — increasingly — hydropower civil works. Beyond pure contracting, Rigsar operates a vertically integrated materials business that includes Ready-Mix Concrete (RMC) manufacturing (the sole such facility in Phuentsholing) and mineral/boulder mining for both domestic supply and cross-border export.

The company's revenue model is anchored in long-duration project contracts: it executes direct awards from the Royal Government of Bhutan (notably the flagship Diana Kuenphen Bridge, completed 14 months ahead of schedule and inaugurated in September 2023), works as a subcontractor on ADB-funded programs such as the Phuentsholing Township Development Project (with lead contractor CDCL), and holds civil works packages on energy projects including the 32MW Yungichhu Hydropower Project (contract awarded June 2022). Go-to-market is enterprise/government relationship sales rather than competitive tendering broadly; the firm reports being the highest Business Income Tax payer in Bhutan's construction sector. Customer logos include the Royal Government of Bhutan, Afcons Infrastructure Ltd, ADB, CDCL, and the Government of India.

Cross-border trade in mined river boulders to Bangladesh, initiated in 2017, has scaled into one of the top-10 commodity exports from the region, providing a foreign-currency revenue stream that sits outside the Bhutanese construction cycle. Headcount stands at approximately 50, with field-deployed labor scaled to active projects. There is no evidence in the available data of external fundraising, M&A activity, public capital-markets transactions, or notable AI/ML capability.

Name

Rigsar Construction Pvt Ltd

Legal name

Rigsar Construction Private Limited

Website

https://rigsarbhutan.com

Company type

Private

Founded year

2012

Operating status

Operating

Headcount range

11–50 employees

Short description

Rigsar Construction Pvt Ltd is a Phuentsholing, Bhutan-based heavy-civil contractor (founded 1991, incorporated 2012) delivering roads, bridges, buildings, river-protection, and hydropower civil works for the Royal Government of Bhutan, ADB-funded programs, and Indian contractors, with in-house RMC and boulder mining operations.

Ownership category

akta.pro rank

Product category

Construction and Infrastructure Services

NAICS

Heavy and Civil Engineering Construction (237), Highway, Street, and Bridge Construction (23731), Highway, Street, and Bridge Construction (237310)

SIC

Heavy Construction Other Than Bldg Const - Contractors (1600), General Bldg Contractors - Nonresidential Bldgs (1540), Construction Machinery & Equip (3531)

akta.pro primary industry

Public Works General Contracting (IMAFAAAG)

akta.pro secondary industry

Concrete Equipment (Mixers, Pumps, Batching) (IMAHAAAK)

Keywords

• Construction services
• Infrastructure development
• Ready-mix concrete
• Bridge construction
• River protection works

Headquarters

HQ city

Phuentsholing

HQ country

Bhutan

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Supply Chain, Personnel, Infrastructure, Others

Revenue model

1. Construction Services: Core construction services including national highways, farm roads, buildings, bridges, river protection and dredging works. Revenue generated through government contracts and project-based work.
2. Ready-Mix Concrete Supply: Manufacturing and supply of ready-mix concrete products including nominal mix, design mix, and customized concrete for construction projects.
3. Mineral and Boulder Export: Extraction and export of river boulder to Bangladesh, becoming one of the top ten exported commodities in Bhutan according to Department of Revenue and Custom statistics.
4. Mining and Production: Production industries including mining operations for construction-grade materials such as aggregates and sand.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

Core offering

Rigsar Construction Pvt Ltd (RCPL) is a Bhutan-based construction and infrastructure company executing national highways, farm roads, buildings, bridges, river protection works, and dredging projects for the Royal Government of Bhutan and international development agencies. The company also manufactures and supplies ready-mix concrete (the only such producer in Phuentsholing) and operates mining/production of river boulders exported to Bangladesh.

Product overview

Rigsar Construction Pvt Ltd (RCPL) operates as a diversified construction and materials company with three core product/service lines: (1) Mineral and Boulder extraction and export, (2) Ready Mixed Concrete (RMC) manufacturing and supply, and (3) Construction Services covering infrastructure projects including roads, bridges, river protection works, and energy projects. The company, established in 2012 after operating as a sole proprietary since 2002, has over 22 years of experience executing national highways, farm roads, buildings, bridges, and river protection/dredging works. RCPL has more recently diversified into energy infrastructure with hydropower and solar projects.

Differentiator

Problem solved

Functional benefit

Products and services

• Mineral and Boulder Extraction and supply of river boulder and mining materials from in-house mining operations. River boulder is exported to Bangladesh and also serves construction-grade material needs in Bhutan.
• Ready Mixed Concrete (RMC) Manufacturing and supply of quality ready-mix concrete in Phuentsholing. Only manufacturer and supplier of quality concrete in Phuentsholing, offering nominal mix, design mix, and customized mix concrete per customer requirements.
• Construction Services General construction and infrastructure services for government and large enterprise clients, covering national highways, farm roads, buildings, bridges, river protection works, dredging, and specialized energy projects such as hydropower plants and solar PV power plants.

Quantifiable outcome

• All projects completed on or before time - zero late deliveries in two decades of operations
• +1 more outcomes

Named customers5 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Five partnerships are on record, tiered core and minor.

• Afcons Infrastructure LtdcoreChannel Partner/ Reseller/ DistributorRCPL is associated as subcontractor to main contractor Afcons Infrastructure Ltd for the Phuntsholing Township Development Project. Primary scope includes general earth filling works of around 3 million cu.m, embankment construction, supply of ready-mix concrete, and supply of construction-grade materials.
• Asian Development Bank (ADB)coreOthersADB is funding the Phuntsholing Township Development Project at a 70-30 ratio with ADB's 70 percent comprising a grant of USD 24.26 million and a loan of USD 28.74 million. RCPL is a subcontractor on this ADB-funded project.
• CDCL (Construction Development Corporation Limited)coreOthersCDCL is the implementing agency for the Phuntsholing Township Development Project. RCPL serves as subcontractor on this project managed by CDCL.
• Government of IndiaminorOthersFunded the Diana Kuenphen Bridge (280-meter two-lane bridge) in Samtse, which was inaugurated on September 16, 2023. RCPL was involved in the construction of this bridge.
• Royal Government of BhutancoreStrategic or Co-development PartnerRCPL has received many projects directly from Royal Government of Bhutan without tendering processes due to their unmatched reputation for quality and timely completion. RCPL is one of the highest Business Income Tax payers from the construction sector in Bhutan.

Scale indicators6 records

Recent moves5 records

Expansion highlights4 records

Broad incumbents

• Dilip Buildcon Limited: Indian highway and bridge EPC specialist with strong government-contract orientation. Comparable to RCPL in its reliance on government-awarded infrastructure work and its ability to self-execute with owned plant and equipment.
• Patel Engineering Limited: Indian infrastructure EPC firm focused on hydropower, tunnels, and irrigation works. Closely comparable to RCPL's hydropower expansion (Yungichhu) and civil infrastructure execution model.
• Hindustan Construction Company (HCC): Indian heavy civil contractor specializing in hydropower, bridges, and tunneling. Directly comparable to RCPL's hydropower and bridge construction vertical and similar reliance on government/donor-funded project pipelines.
• Larsen & Toubro (L&T): India's largest EPC conglomerate with extensive roads, bridges, and hydropower construction portfolio across South Asia. Comparable because both deliver heavy civil infrastructure for government and donor-funded projects, though L&T operates at vastly greater scale.
• IRB Infrastructure Developers: Indian highway and toll-road developer-operator. Comparable to RCPL in its reliance on government-awarded road and bridge concessions, though IRB operates a different ownership/financing model.
• NCC Limited (formerly Nagarjuna Construction Company): Indian infrastructure and building construction company with diversified portfolio in highways, bridges, water, and urban infrastructure. Comparable in business model mix of civil contracting plus materials supply.
• Shapoorji Pallonji Group: Indian conglomerate with construction and infrastructure operations spanning buildings, bridges, and energy projects. Comparable in the breadth of civil works and materials capabilities overlapping with RCPL's portfolio.
• KEC International Limited: Indian infrastructure EPC firm in power transmission, civil, and cables. Comparable as a diversified infrastructure contractor operating in South Asian markets, including cross-border supply chain exposure similar to RCPL's Bangladesh boulder exports.

Direct peers

• Afcons Infrastructure Ltd: Indian infrastructure EPC contractor with whom RCPL subcontracts on the ADB-funded Phuntsholing Township Development Project. Both execute large civil infrastructure (earthworks, embankments, bridges) for government and multilateral clients.

Regional players

• Construction Development Corporation Limited (CDCL): Bhutanese state-owned construction company that serves as implementing agency on projects where RCPL is subcontractor. CDCL is the closest domestic peer in terms of Bhutan public-works execution capability.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/channel/UCgaE66aAiJqaj5Fk7Ii2eRg
• Facebookfacebook.com/rigsarcons
• LinkedInlinkedin.com/company/rigsarbhutan

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

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 Rigsar Construction Pvt Ltd