Hidrogradnja

What Hidrogradnja does

Hidrogradnja d.d. Sarajevo is a privately-held Bosnian joint stock construction company founded in 1947, currently operating under bankruptcy proceedings (u stečaju). The company executes large-scale infrastructure projects across five core verticals: electro-energy (hydro and thermal power plants), hydrotechnical works (48 dams built, contributing to 16 billion m³ of artificial accumulations and 6,000 MW of installed capacity), civil engineering (roads, bridges, tunnels), building construction, and industrial/mining projects. It serves primarily government clients at municipal, cantonal, federal, and sovereign level — both domestically in Bosnia and Herzegovina and internationally, with Libya (via wholly-owned Business Unit PJ Libya, present since 1967) as its principal foreign market.

The company operates a vertically integrated model. Revenue streams include: (i) construction works on fixed-price contracts won through competitive tendering (range from small repairs to multi-tens-of-millions of euros), (ii) production and sale of prefabricated concrete elements and construction materials through wholly-owned subsidiary SIGMA (acquired 1974), (iii) consulting and design services, (iv) aggregate and stone materials from four wholly-owned quarries (Hadžići dolomite, Greben marlstone/cement rock, Misoča limestone, Radava quartz keratophyre), and (v) vehicle/equipment technical inspection and overhaul through wholly-owned RRT (since 1958). Underlying technology is Oracle-database-backed with Primavera/MS Project for scheduling and the proprietary PROMA system integrating materials, workforce, mechanization, and cost data with Primavera timelines. Other proprietary subsystems include OBIS (hospital information system), MEHANIZA (mechanization records), ATEST (vehicle attestation), and fixed-asset/financial modules. The company holds ISO 9001:2000, OHSAS 18001:2007, and ISO 14001:2004 certifications.

Go-to-market is sales-led and tender-driven, with a 685-strong BiH workforce (May 2015) and 360 additional staff in Libya (152 BiH expatriates, 208 local/third-country) supported by purpose-built construction camps in Misurata, Sirt, Ajdabiya, and Benkasir. Historical recognition includes 16th place on ENR's list of leading project contractors (1981), 6th place in the Middle East market (1986), and 8th place in hydro projects (1990). The company has executed 930+ projects since founding; its 1987 USD 1.5 billion Bekhme dam contract in Iraq with Enko and Bechtel was suspended at 35% completion due to the Gulf War, resulting in significant losses. Distribution is direct to government and enterprise clients; materials reach construction companies and utilities across BiH, Croatia, Montenegro, and Serbia via SIGMA. Marketing is reputation-based with the corporate website (hidrogradnja.ba) as the primary digital channel.

Name

Hidrogradnja

Legal name

HIDROGRADNJA-d.d. Sarajevo

Website

https://hidrogradnja.ba

Company type

Private

Founded year

1947

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Hidrogradnja d.d. Sarajevo is a privately-held Bosnian construction company founded in 1947 and currently in bankruptcy proceedings, executing dams, hydrotechnical, civil, building, and industrial projects for government clients domestically and in Libya, with vertically integrated materials production and a 685-person BiH workforce.

Ownership category

akta.pro rank

Product category

Construction Services

NAICS

Heavy and Civil Engineering Construction (237), Utility System Construction (2371), Water and Sewer Line and Related Structures Construction (237110)

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

Foundations & Geotechnical Works (Piles, Anchors, Ground Improvement) (EUAMAFAB), Overhead & Underground Collection System Construction (MV/HV Lines, Duct Banks) (EUAEADAG)

Keywords

• Construction services
• Hydrotechnical projects
• Infrastructure construction
• Prefabricated concrete
• Dam construction

Headquarters

HQ city

Ilidza

HQ country

Bosnia & Herzegovina

HQ region

Europe

Offices11 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Construction Works: Core revenue stream from execution of construction projects including electro-energy, hydrotechnical, civil engineering, building construction, industrial and mining projects. Revenue is project-based, typically fixed-price contracts with public and private clients. Projects range from small repairs to large infrastructure projects worth tens of millions of euros.
2. Construction Materials and Prefabricated Concrete: Production and sale of construction materials including standard and custom prefabricated concrete elements (prestressed ceiling constructions, stair flights, paving flags, concrete pipes, masonry blocks) through the SIGMA subsidiary. Revenue from product sales to construction companies and public utility companies.
3. Consulting Services: Provision of consulting services including investment program preparation, construction supervision, project design, and project management based on over 50 years of proprietary know-how.
4. Aggregate and Stone Materials: Production of aggregates from river gravel and natural stone at quarries (Hadžići, Greben Kakanj, Gornja Misoča, Radava) including dolomite, limestone, marlstone, cement rock, and quartz keratophyre.
5. Technical Inspection and Vehicle Attestation Services: Technical inspections, registration, and attestation services for motor vehicles and construction mechanization; overhaul and maintenance of vehicles and construction equipment.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels2 records

Core offering

Hidrogradnja is a general construction contractor executing large-scale infrastructure projects across five domains: electric energy (hydropower and thermal power plants), hydrotechnical works (dams, tunnels, reservoirs, water supply and sewerage systems), civil engineering (roads, railways, bridges, viaducts), building construction (residential, public, hospital, university and heritage), and industrial/mining projects. Execution is supported by vertically integrated in-house production of construction materials, prefabricated concrete elements (SIGMA subsidiary), aggregate and stone quarrying (Hadžići, Greben, Misoča, Radava), vehicle/equipment overhaul (RRT), consulting/design, and the proprietary PROMA project management system.

Product overview

Hidrogradnja d.d. Sarajevo is a construction company founded in 1947, currently in bankruptcy proceedings, offering a comprehensive portfolio of construction services and related products. The core offerings include electric energy projects (hydro and thermal power plants), hydrotechnical projects (dams, tunnels, reservoirs, water supply systems), civil engineering objects (roads, railways, bridges, tunnels), building construction (residential, public, and commercial facilities), and industrial and mining projects. Supporting these services are wholly-owned production facilities: the SIGMA subsidiary produces construction materials and prefabricated concrete elements including prestressed ceiling constructions, paving flags, and exposed-aggregate products; the Quarry Hadžići extracts dolomite for aggregates; and Quarry Greben in Kakanj extracts marlstone and cement rock for cement production. The RRT (Overhaul Workshops and Transport) facility provides vehicle maintenance, technical inspections, and transport services. The company also offers IT services including the OBIS information system for health institutions and various internal software subsystems (ATEST for vehicle attestation, MEHANIZA for mechanization tracking). Consulting and investment program preparation services complement the construction offerings.

Differentiator

Problem solved

Functional benefit

Products and services

• Electric Energy Projects

Quantifiable outcome

• 48 dams built with combined artificial accumulation capacity of 16 billion m³ of water
• +5 more outcomes

Named customers11 records

Segments6 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Five partnerships are on record, tiered core and minor.

• GP ŽGP d.d. SarajevocoreStrategic or Co-development Partner · 16 January 2008GP ŽGP d.d. Sarajevo (general partnership, construction company) engaged Hidrogradnja as subcontractor for construction of the right side of bridge Čelebići-Lisičići in Konjic municipality, contract value ~8.84M KM. This represents a strategic partnership with a major Bosnian construction company.
• Enko from TurkeycoreStrategic or Co-development Partner · 1 January 1987Hidrogradnja partnered with Enko from Turkey in 1987 to sign the Bekhme project contract worth 1.5 billion USD in Iraq, with technical assistance from American company Bechtel. The Gulf War outbreak suspended implementation with only 35% completed, resulting in significant losses.
• Energoinvest d.d. SarajevominorStrategic or Co-development PartnerEnergoinvest Sarajevo partnered with Hidrogradnja as co-investor on the construction of foundations for 400 kV power line Section 24 km in Benghazi, Libya (GECOL project, contract value ~6.39M LYD / ~3.4M EUR). Energoinvest is a major Bosnian electrical engineering company.
• JP Direkcije cesta Federacije BiHcoreChannel Partner/ Reseller/ DistributorRoad Directorate of the Federation of Bosnia and Herzegovina is a repeat public sector client commissioning road infrastructure projects including the bridge at Jabuka on road M-18.1 (contract ~393,625 KM).
• Tvornica cementa KakanjminorOthersQuarry Greben (Kakanj) supplies marlstone and cement rock as raw material for Portland cement production at the Cement Factory Kakanj.

Scale indicators10 records

Recent moves6 records

Expansion highlights4 records

Emerging players

• China Gezhouba Group Corporation (CGGC): Chinese state-owned EPC contractor specialized in hydropower, dams, and water infrastructure globally. Comparable dam/hydro EPC focus with similar international-project delivery model, and a credible competitor for the same large hydro tenders Hidrogradnja historically targets.

Broad incumbents

• Avax Group: Greek construction group with established concessions, energy, and civil-engineering operations across the Balkans, MENA, and SE Europe. Comparable scale and regional orientation to Hidrogradnja's Balkans-plus-Libya operating profile.
• Bechtel Corporation: US-headquartered global EPC contractor. Provided technical assistance to Hidrogradnja on the Bekhme project and is a benchmark for the international mega-project hydro/EPC work Hidrogradnja has historically pursued.
• Terna S.A. Greek construction group focused on infrastructure, energy, and real estate with strong Balkans and SE Europe presence. Comparable mix of hydro/energy projects, building construction, and concessions work in adjacent geography to Hidrogradnja.
• Mota-Engil: Portuguese infrastructure conglomerate with significant water, environment, and civil-engineering operations in Europe, Africa, and LATAM. Comparable integrated construction-and-materials model and direct presence in North African markets where Hidrogradnja operates.
• Cengiz Holding: Large Turkish conglomerate with major construction division executing dams, highways, and energy projects across MENA and the Balkans. Comparable scale and hydrotechnical orientation to Hidrogradnja's historical international footprint.
• Enka İnşaat ve Sanayi A.Ş. Largest Turkish international contractor with deep hydropower, infrastructure, and EPC track record across the MENA and CIS regions. Was Hidrogradnja's JV partner on the USD 1.5B Bekhme project in Iraq and is the most direct international benchmark for hydro/EPC capability at scale.
• Strabag SE: Austria-based European construction leader with active operations across CEE, the Balkans, and MENA. Comparable in offering integrated building, civil, and infrastructure construction services with similar geographic footprint to Hidrogradnja's traditional markets.

Direct peers

• GP ŽGP d.d. Sarajevo: Bosnian general construction contractor specializing in bridges, roads, and civil engineering. Documented direct partner/subcontractor relationship with Hidrogradnja on the Čelebići-Lisičići bridge (KM 8.84M), making it a near-perfect operational peer in the BiH heavy-construction market.
• Energoinvest d.d. Sarajevo: Major Bosnian engineering and construction company headquartered in Sarajevo. Directly comparable as a domestic peer with whom Hidrogradnja has co-invested on Libya power-line work, operating in overlapping electro-energy and infrastructure segments in BiH and international markets.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/hidrogradnja-d-d-sarajevo

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries6 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 Hidrogradnja