SRC PROJECTS LIMITED

What SRC PROJECTS LIMITED does

SRC Projects Limited (legally SRC Projects Pvt Ltd, doing business as SRC Constructions) is an India-based privately held heavy construction company founded in 1964 and incorporated in its present form in 2002. The company is headquartered in Salem, Tamil Nadu, with regional offices in Chengalpet (Chennai) and Kolar (Karnataka), and operates entirely within South India. Ownership has remained with the same founding families for over 50 years, with no disclosed institutional or private equity backing.

The company's service portfolio spans ten distinct construction verticals: warehouses, industrial buildings and heavy structures, industrial parks (notably 1,550-acre Mahindra World City and 270-acre Sojitz Motherson Industrial Park), precision test tracks and airport runways (Chennai International Airport resurfacing), roads and bridges (NHAI projects under MoRTH standards), crash labs, quarrying and M-Sand production (pioneered since 2005), slag handling and skull separation (a 20-year engagement with JSW Steel processing 4.0 million MT of slag and 0.45 million MT of skull), RMC and hot mix plant operations, ash dykes and reservoirs, and a 10MW captive solar power plant at Chengam. The firm holds ISO 14001:2015 and ISO 45001:2018 certifications and reports 50 million+ safe manhours.

SRC Projects serves large enterprise and government clients through direct field sales, generating revenue primarily through custom one-time construction contracts, with secondary revenue from aggregate and M-Sand sales, slag processing services, and solar power generation. Marquee clients include Mahindra & Mahindra, JSW Steel, Indospace, Sojitz Motherson, Daimler India, Renault Nissan, NHAI, NPCIL, and Chennai International Airport. The firm employs between 11 and 50 staff per disclosed firmographics, has completed over 500 projects, and differentiates through backward integration (in-house quarries, crusher plants, RMC, hot mix, and solar), specialized precision capabilities (+/-1mm test track tolerance), and long-tenured client relationships.

Name

SRC PROJECTS LIMITED

Legal name

SRC Projects Pvt Ltd

Website

https://srcprojects.in

Company type

Private

Founded year

1964

Operating status

Operating

Headcount range

11–50 employees

Short description

SRC Projects Limited is a privately held Indian heavy construction firm founded in 1964, serving enterprise and government clients across South India with industrial parks, warehouses, precision test tracks, highways, quarrying, M-Sand production, and slag handling services.

Ownership category

akta.pro rank

Product category

Industrial Construction Services

NAICS

Heavy and Civil Engineering Construction (237), Nonresidential Building Construction (2362), Site Preparation Contractors (23891), Utility System Construction (2371)

SIC

Heavy Construction Other Than Bldg Const - Contractors (1600), General Bldg Contractors - Nonresidential Bldgs (1540), Construction - Special Trade Contractors (1700)

akta.pro primary industry

Civil & Site Works EPC (Earthworks, Roads, Drainage, Foundations) (EUAEADAA)

akta.pro secondary industries

Balance-of-Plant (BOP) & Civil Works for Power Plants (EUAEAAAL), Site Preparation & Civil Works (Clearing, Grading, Earthworks, Roads) (EUAMAFAA)

Keywords

• Industrial construction services
• Heavy civil engineering
• Mining and aggregates
• M-Sand production
• Ready-mix concrete supply

Headquarters

HQ city

LONDON

HQ country

United Kingdom

HQ region

Europe

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Construction Services - Industrial Buildings & Heavy Structures: Primary revenue stream from construction of warehouses, industrial buildings, heavy structures, test tracks, runways, and road & bridge projects for enterprise clients.
2. Quarry & Crushing Operations: Aggregate production and M-Sand (Manufactured Sand) production from three operational quarry locations. M-Sand pioneered since 2005 as sustainable alternative to river sand.
3. Slag Handling & Processing: Slag handling and skull separation services for JSW Steel Works at Mecheri, Salem - processing molten steel slag from Energy Optimizing Furnace. Quantity handled: 4.0 million MT slag, 0.45 million MT skull separated over 20 years.
4. Solar Power Generation: 10MW solar power plant at Chengam, Tamil Nadu for captive consumption and commercial power sales, supporting crusher plant operations.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

SRC Projects Limited provides turnkey industrial construction services including factories, warehouses, heavy steel structures, industrial parks, test tracks and runways, roads, bridges, and drainage systems for blue-chip industrial and government clients. The company is backward-integrated with owned quarries, crushers, M-Sand plants (pioneered in 2005), RMC and hot mix plants, slag handling operations, crash lab testing, and a 10MW captive solar power plant.

Product overview

SRC PROJECTS LIMITED is a heavy construction company offering a diversified portfolio of construction services rather than a unified software product. The company operates as a single integrated construction services entity comprising multiple specialized divisions: Warehouses and Industrial Buildings construction, Industrial Parks development, Test Tracks and Runways construction, Roads & Bridges development, Quarrying & Crushing operations with M-Sand production, Slag Handling and Skull Separation services, RMC/Hot Mix Plant operations, Crash Lab construction, Ash Dykes and Reservoirs, and Renewable Energy (Solar Power) generation. These services are delivered through in-house facilities including quarries, crusher plants, RMC plants, and hot mix plants, enabling backward integration and project completion within budget and time constraints.

Differentiator

Problem solved

Functional benefit

Products and services

• Industrial Buildings & Heavy Structures Construction
• Warehouse Construction
• Industrial Park Development
• Test Tracks & Runway Construction
• Roads & Bridges Construction
• Ash Dykes & Reservoir Construction
• Quarrying & Crushing Services
• M-Sand (Manufactured Sand) Production
• Slag Handling & Skull Separation Services
• Ready-Mix Concrete (RMC) Supply
• Hot Mix Asphalt Supply
• Crash Lab Testing Services
• Solar Power Generation (10MW)

Quantifiable outcome

• 50 million+ safe manhours without lost time incident
• +4 more outcomes

Named customers8 records

Segments4 records

Ideal customer profiles4 records

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

18 partnerships are on record, tiered core, major and standard.

• Sojitz Motherson Industrial ParkcoreOthers270-acre industrial park development at Sriperumpudur including site development and infrastructure works.
• Indospace Logistics ParkcoreOthersCivil works for warehouses including B100 floor filling, A11, A12 civil and flooring works, A2 civil and infra works, A10 GBW. 130-acre park at Ullavur. Multiple awards received from client.
• JSW SteelcoreOthers20-year slag handling and processing relationship at Mecheri, Salem. Services include wagon tippler, ball mill, GGBS CCR building construction. 4.0 million MT slag handled, 0.45 million MT skull separated.
• Aarush Logistics ParkmajorOthersCivil and infrastructure works for A12, A11, A2, A10 warehouses. Safety appreciation award received.
• Daimler IndiamajorOthersInfrastructure works at Daimler manufacturing facility in India.
• MSPT (Mahindra Suzuki Powertrain)majorOthersCrash lab construction including octagonal pit at MSPT facility. Appreciation letter received for quality work.
• Renault NissanmajorOthersTest track construction for automotive testing facility.
• BSH Household AppliancesstandardOthersGeneral builders works for PRF building, utility building, factory building, mixing station construction.
• GestampstandardOthersLow bay and high bay expansion construction work.
• Dorma IndiastandardOthersFactory building construction.
• BAETTR IndiastandardOthersProposed land development, compound wall and infrastructure works.
• Chennai International AirportmajorOthersRunway resurfacing with airport operations functional, runway lighting installation. Unique capability demonstrating precision work with operational critical infrastructure.
• NPCIL (Nuclear Power Corporation of India)majorOthersConstruction work at Kudankulam Nuclear Power Project.
• WelspunstandardOthersCompound wall and land development works.
• NHAI (National Highways Authority of India)coreOthersHighway construction projects: NH4 four-laning Kancheepuram to Walajapet, NH67 Karur to Coimbatore, NH7 four-laning Salem By-Pass. Adhering to MoRTH standards.
• CPCL (Chennai Petroleum Corporation Limited)standardOthersCooling tower construction at CPCL refinery.
• MSSL (Mahindra Systa)")"standardOthersCivil and allied works for utility building and factory building.
• Amalgamations Valeo ClutchstandardOthersPrecast concrete wall panel construction.

Scale indicators8 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• NCC Limited: Indian diversified construction contractor active in buildings, industrial structures, roads, and mining — overlapping heavily with SRC's core civil, industrial, and infrastructure portfolio.
• KEC International: Power T&D and infrastructure EPC with adjacent civil and industrial work — comparable to SRC's power-generation-adjacent civil construction.
• Afcons Infrastructure: Heavy civil EPC contractor covering marine, highways, tunnels, and industrial construction — closely aligned with SRC's heavy civil and infrastructure focus.
• Sadbhav Engineering: Road and highway EPC player with adjacent mining and irrigation work — comparable to SRC's NHAI road, bridge, and irrigation exposure.
• Hindustan Construction Company (HCC): Heavy civil contractor with extensive experience in highways, bridges, industrial construction, and hydropower — directly comparable in scope to SRC's heavy civil and infrastructure work.
• ITD Cementation India: Specialized civil contractor delivering industrial, marine, roads, and urban infrastructure projects — closely comparable to SRC's mix of industrial buildings, highways, and specialized structures.
• GR Infraprojects: Highway EPC contractor executing major NHAI road and bridge packages — directly comparable to SRC's NHAI four-laning and bridge work.
• Dilip Buildcon: Highway and infrastructure EPC player executing MoRTH/NHAI projects across India — comparable to SRC's NHAI highways and bridge portfolio.
• JMC Projects (Kalpataru Group): EPC contractor in buildings, industrial, and highways — overlapping with SRC's industrial building, warehousing, and road construction capabilities.

Broad incumbents

• Tata Projects: Large diversified EPC company executing industrial, infrastructure, and power projects across India — broader and larger than SRC but operates in the same end markets with overlapping industrial and infrastructure mandates.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/src-projects-limited

Revenue estimate

Valuation estimate

Number of profiles

Profiles16 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 SRC PROJECTS LIMITED