Power push to lift revenue growth 100-200 basis points for large EPC cos

•Large EPC companies in India may see 100-200 basis point revenue growth to 9-10% in FY23, driven by power sector investments and steady public infrastructure spending.

•Power sector investments are expected to grow 15-20% this fiscal, with capital expenditure in renewable energy and transmission infrastructure driving growth.

•Overseas markets, particularly West Asia, will provide a third pillar of growth for EPC companies, with select large Indian companies well-placed to benefit from execution track record and cost competitiveness.