Shivalaya Construction Limited IPO Details

Incorporated in 1997, Shivalaya Construction Limited is an integrated infrastructure engineering, procurement, and construction (EPC) company with a strong focus on roads, highways, and bridges. The company has successfully executed 41 projects across 19 states and union territories in India as of July 31, 2025.

The company has developed extensive expertise in the construction, development, and maintenance of roads and highways, including specialized structures such as elevated roads, flyovers, bridges, and railway overbridges.

As of July 31, 2025, Shivalaya Construction has built over 2,700 lane kilometers of roads and highways, with project sizes ranging from 14 lane kilometers to 210 lane kilometers. The company also has a robust pipeline of over 1,500 lane kilometers under execution, spread across 14 ongoing projects. These projects comprise five EPC contracts and nine Hybrid Annuity Model (HAM) projects, located in states such as Jammu and Kashmir, Haryana, Uttar Pradesh, Maharashtra, Kerala, Karnataka, Jharkhand, and Meghalaya.

Of the ongoing HAM projects, the company has already achieved provisional commercial operational dates (PCOD) for the Hariharganj and Rehla-Garhwa projects in Jharkhand. Shivalaya Construction’s order book as of July 31, 2025, stood at ₹36,269.90 million, which includes ₹7,544.37 million from EPC projects and ₹28,725.54 million from HAM projects. These projects span eight states and union territories across northern, southern, western, and eastern India.

The company’s operational strength is supported by a large fleet of 2,516 machines, construction equipment, and vehicles, which enables it to execute multiple projects simultaneously.

Shivalaya Construction employs a workforce of 4,440 personnel.