Nasb Niroo

What Nasb Niroo does

Nasb Niroo Company is an Iranian EPC (Engineering, Procurement, and Construction) contractor established in 1991 and operating as a subsidiary of MAPNA Group, Iran's largest power-plant conglomerate. The company delivers integrated engineering management, equipment supply, installation, and commissioning services across thermal power plants (steam, gas, combined cycle), renewable energy (wind, solar), oil & gas and petrochemical facilities, power transmission lines and substations, water treatment and desalination, and industrial/civil construction. It serves a concentrated base of government utilities (TAVANIR, Water & Power Industry), MAPNA Group affiliates (Development 1/2/3), and select enterprise clients (Isfahan Steel Plant, Ilam Gas Refinery, IMWASCO), executing 50 active projects simultaneously and over 560 lifetime projects across Iran, Iraq, Senegal, and Turkmenistan.

Nasb Niroo's technical differentiators center on proprietary heavy-lift and specialized transportation assets. The company designed and built an in-house Strand Jack heavy-lift system (HSL-2000, four 200-ton jacks with synchronized Smart Box control) used to install turbines and generators at combined cycle power plants — described as exclusive in Iran. It operates custom Faymonville sliding trailers capable of moving 53-meter wind blades, a fleet of 259 heavy vehicles including 800-ton and 600-ton cranes, and a vertically integrated steel fabrication subsidiary (Fabco / Fidar Steel Borna) at 18,000 tons/year capacity in Arak. The company has installed more than 22,000 MW of Iran's thermal power (approximately 30% of the country's 76,000 MW thermal base) and ~26% of Iran's electricity generation construction, with the 3,150 MW Rumaila Combined Cycle Power Plant in Iraq representing the largest Iranian engineering services export in history.

The business model is project-based EPC contracting with lump-sum and unit-rate pricing negotiated per contract through competitive tenders and direct engagement with major clients. Revenue is generated from EPC execution fees, equipment supply, and fabrication orders, with no recurring subscription or licensing component. The company holds ISO 9001/14001/45001/10015 certifications, ranks among the top 10-15 Iranian contractors in IMI-100 rankings, and is led by CEO Mehdi Zandi with Chairman Ebrahim Nayyari and Executive VP Mojtaba Tajik.

Name

Nasb Niroo

Legal name

Nasb Niroo Company (شرکت نصب نیرو)

Website

https://nasbniroo.com

Company type

Private

Founded year

1991

Operating status

Operating

Headcount range

5,001–10,000 employees

Ownership category

akta.pro rank

Product category

Industrial Construction Services

NAICS

Electric Power Generation (22111)

SIC

Electrical Industrial Apparatus (3620), General Industrial Machinery & Equipment (3560)

akta.pro primary industry

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

akta.pro secondary industries

Balance-of-Plant (BOP) & Civil Works for Power Plants (EUAEAAAL), Power Plant I&C / SCADA / DCS EPC (EUAEAAAN), Modularization, Offsite Fabrication & Heavy Lift Logistics (EUAKAAAM), Wind Power Plant EPC (Onshore/Offshore) (EUAEAAAF)

Keywords

• EPC contracting services
• Power plant construction
• Heavy lifting services
• Industrial construction
• Water desalination plants

Headquarters

HQ city

Tehran

HQ country

Iran

HQ region

Middle East

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. EPC (Engineering, Procurement, Construction) Contracts: Nasb Niroo generates revenue primarily through EPC lump-sum and unit-rate contracts for large-scale industrial, power plant, and infrastructure projects. The company acts as the main contractor executing engineering management, equipment supply, installation, and commissioning for thermal power plants, transmission lines, substations, oil & gas facilities, and desalination plants. Revenue is project-based and one-time per contract, with additional revenue from ongoing project phases.
2. Manufacturing (Fabco / Fidar Steel Borna): The company's subsidiary Fabco generates revenue from the fabrication and manufacturing of industrial steel structures, storage tanks, and heavy metal fabrications at its Arak facility with annual capacity of 18,000 tons. Revenue is transaction-based per fabrication order.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

Nasb Niroo is an Iranian EPC (Engineering, Procurement, and Construction) contractor that executes large-scale power plant, transmission, oil and gas, water desalination, and industrial construction projects. The company acts as the primary execution arm of MAPNA Group, delivering turnkey construction, equipment procurement, installation, and commissioning services. Its portfolio spans thermal (steam, gas, combined cycle), wind, and hydroelectric power plants, high-voltage substations and transmission lines, oil refineries and petrochemical facilities, water transfer and pumping stations, and heavy steel structure fabrication through its subsidiary Fabco.

Product overview

Nasb Niroo is an EPC (Engineering, Procurement, and Construction) contractor company and part of MAPNA Group, offering integrated services for power plant and industrial facility construction. The company provides a comprehensive portfolio of services including thermal power plant construction (steam, gas, combined cycle), renewable energy projects (wind and solar), oil and gas refinery construction, power transmission lines, water treatment and desalination, and heavy steel structure fabrication through its subsidiary Fabco. The company's services are project-based, delivered through various divisions covering construction, installation, transportation, and lifting operations, with specialized capabilities in heavy lifting technology and desalination.

Differentiator

Problem solved

Functional benefit

Brands

• Fabco (Fidar Steel Borna): Steel structure and storage tank manufacturing subsidiary of Nasb Niroo

Products and services

• EPC Power Plant Construction Services

Quantifiable outcome

• Constructed more than 22,000 MW out of 76,000 MW of operational thermal power in Iran (~30% market share)
• +6 more outcomes

Named customers8 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Seven partnerships are on record, tiered core and minor.

• MAPNA Group Co. (گروه مپنا)coreStrategic or Co-development PartnerMAPNA Group is the parent company and primary strategic partner. Nasb Niroo serves as the primary execution arm of MAPNA Group for power plant and industrial construction projects. The company is majority-owned by MAPNA Group and its affiliated development companies (Development 1, 2, 3). MAPNA Group provides investment, technology, and project pipeline while Nasb Niroo delivers execution capability.
• Fidar Steel Borna / Fabco (فیدار استیل برنا / فابکو)coreStrategic or Co-development PartnerFidar Steel Borna (operating as Fabco) is a wholly-owned subsidiary of Nasb Niroo located in Khayrabad Industrial Town, Arak. It serves as the manufacturing arm for heavy steel structures, storage tanks, and industrial fabrications, providing in-house production capacity of 18,000 tons per year.
• Gharb Niroo (شرکت مهندسین مشاور غرب نیرو)coreStrategic or Co-development PartnerGharb Niroo is a wholly-owned subsidiary serving as engineering consultant and executor for power transmission substations and transmission line projects. It provides specialized engineering design and execution services in the electricity transmission sector.
• Gharb Niroo Engineering Consultants (gharbniroo.com)coreImplementation/ SI/ Consulting PartnerSpecialized engineering consulting and execution company for power transmission lines and high-voltage substations, operating as a subsidiary under Nasb Niroo's holding structure.
• Sanim (Sanir International)minorChannel Partner/ Reseller/ DistributorInternational partner for power transmission projects in Senegal. Nasb Niroo executed 225 kV and 30 kV transmission lines in Senegal under a contract with Sanir International.
• Lotos Energy TurkeyminorChannel Partner/ Reseller/ DistributorTurkish energy company engaged in power transmission projects. Nasb Niroo executed 500 kV power transmission line (~170 km) in Turkmenistan for Lotos Energy Turkey.
• Specialized Hospital Construction PartnersminorImplementation/ SI/ Consulting PartnerPartnership agreements with specialized companies in hospital construction and equipment supply to enable Nasb Niroo to offer comprehensive hospital building services.

Scale indicators14 records

Recent moves7 records

Expansion highlights6 records

Market position

Competitive moat6 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/nasb-niroo

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 records

Subsidiaries2 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 Nasb Niroo