This comprehensive analysis by Biltrax Construction Data delves into industrial construction trends in the North and Northeast Zone for FY 2023-24. Leveraging data from the BX-2 platform, the report highlights the manufacturing and warehousing segments of the sector. It explores significant trends and the leading players driving construction activities in these regions.
Introduction
The North and Northeast regions of India have each experienced substantial growth in industrial construction during FY 2023-24, reflecting their crucial roles in the country’s industrial landscape. In this continuation of our ‘Zonal Analysis, Series: 2’ (Part 2 of 4), we explore industrial development across two critical zones: the North and Northeast. The North Zone, India’s largest region, has seen considerable development driven by its extensive geographical area and diverse economic activities. Meanwhile, the Northeast Zone, known for its strategic position and emerging industrial potential, has also demonstrated notable advancements. Both regions have benefited from targeted government policies and investments, which have spurred growth across various sub-sectors, including manufacturing, warehousing, and logistics.
This analysis delves into the key developments and trends within these regions during FY 2023-24, highlighting their contributions to India’s overall industrial progress.
Overview
The North Zone, India’s largest region, spans approximately 30.7% of the country’s total area and houses around 32% of its population. This vast region experienced substantial industrial growth during the last financial year. The central government’s policies, such as the ‘Make in India‘ campaign and Production Linked Incentive (PLI) schemes, attracted considerable investments in this sector. New production facilities, particularly in the automotive, electronics, and consumer goods sectors, marked a significant trend. Additionally, the warehousing sector expanded rapidly, driven by e-commerce growth and supply chain needs. Emphasis on sustainable construction, including green building norms and renewable energy, was notable.
Meanwhile, the Northeast Zone saw a surge in new manufacturing units and infrastructure projects, fueled by efforts from both state and central governments to boost local industry and create jobs. Key states like Assam and Tripura led in establishing new manufacturing units in sectors like electronics, food processing, and consumer goods. The region also witnessed significant expansion in warehousing and logistics infrastructure, with multi-modal logistics parks and advanced hubs, especially in Assam and Meghalaya. Government initiatives, including the North East Industrial Development Scheme (NEIDS), provided essential financial aid and infrastructure support, contributing to the region’s growth.
Also Read: India’s Construction Industry in FY 2023-24: A Zone-Wise Analysis
Part A: North Zone
Construction Projects in the North Zone
In the last financial year, Biltrax Construction Data tracked nearly 1,058 industrial projects in the North Zone through its BX-2 platform. These projects cover more than 150 Million-SqFt, with an estimated investment cost of INR 111,816 Crore.
State-wise Construction Overview of the North Zone (Based on Project Value)
Of the total projects tracked on BX-2 in the North region during FY 2023-24, Rajasthan leads in terms of total project value. The state implemented 143 projects, spanning a total construction area of 41.28 Million-SqFt, valued at INR 37,567 Crore. This represents 33.60% of the total project value in the North Zone. Rajasthan’s strong focus on large-scale industrial projects and strategic investments across various sectors has significantly boosted its project value. The state’s favorable policies, such as tax incentives and infrastructure support, make it a prominent destination for investors. Additional aspects like the availability of land, and improving logistics infrastructure, attribute the automotive sector’s growth in this specific region.
| Sr. No. | State | Project Nos. | Construction Area (Million-SqFt) | Project Value (INR-Crore) | % by Project Value |
| 1 | Rajasthan | 143 | 41.28 | 37,567 | 33.60% |
| 2 | Uttar Pradesh | 227 | 48.59 | 29,617 | 26.49% |
| 3 | Jammu & Kashmir | 129 | 11.71 | 12,540 | 11.21% |
| 4 | Haryana | 168 | 19.59 | 12,463 | 11.15% |
| 5 | Himachal Pradesh | 102 | 12.27 | 8,830 | 7.90% |
| 6 | Punjab | 122 | 10.27 | 5,812 | 5.20% |
| 7 | Uttarakhand | 166 | 5.98 | 4,027 | 3.60% |
| 8 | Delhi | 1 | 0.36 | 960 | 0.86% |
| TOTAL | 1,058 | 150 | 111,816 |
Also Read: Navigating Building Construction Trends in India’s North Zone: FY 2023-24
Meanwhile, Uttar Pradesh saw the highest number of projects in FY 2023-24, totaling 227. The state experienced a surge in developing new manufacturing facilities, particularly in the electronics and consumer goods sectors. Additionally, the Uttar Pradesh Global Investor Summit 2023, held in Lucknow from February 10-12, 2023, was a significant event aimed at showcasing the state as a prime investment destination. The summit saw substantial investment commitments across various sectors. Uttar Pradesh attracted pledges amounting to over INR 35,000 Crore, focusing on key areas like manufacturing, infrastructure, and technology. It facilitated networking opportunities and partnerships between investors and local businesses, fostering collaboration and facilitating the growth of new ventures in the state.
Major Sub-segments
In FY 2023-24, the North region experienced significant developments across various industrial sub-segments, reflecting a diverse and robust growth. During this period, BX-2 recorded 1,014 projects across major sub-segments of the manufacturing sector in this zone. These projects encompass a total area of 135.62 Million-SqFt with a total project value of INR 104,113 Crore.
The cement sector led the region in terms of project value, accumulating nearly 35.77% of the total. Rajasthan led this segment with 12 projects, amounting to a total project value of INR 23,923 Crore. This surge in cement projects can be attributed to Rajasthan’s strategic location, which facilitates efficient transportation of raw materials and finished products. The state’s well-developed infrastructure and favorable policies further enhance its attractiveness for cement manufacturing, driving its dominance in this segment.
Meanwhile, the food processing sector leads in terms of the number of projects in this region, with investments towards the development of new processing plants, cold storage facilities, and logistics networks.
| Sr. No. | Sub-segments | Project Nos. | Project Value(in INR-Cr) | % by Project Value |
| 1 | Cement | 32 | 37,243 | 35.77% |
| 2 | Food Processing | 208 | 23,720 | 22.78% |
| 3 | Metal | 107 | 8,673 | 8.33% |
| 4 | Chemicals | 60 | 4,202 | 4.04% |
| 5 | Pharmaceuticals | 157 | 3,901 | 3.75% |
| 6 | Electronics | 49 | 3,596 | 3.45% |
Key Stakeholders in the North Zone (Based on Project Value)
This section highlights the key stakeholders driving industrial construction activities in the North Zone during FY 2023-24. It focuses on major project owners, top contractors, and design engineering consultants leading significant developments across various sectors.
Major Project Owners
As of FY 2023-24, BX-2 monitored over 135 project owners in the North Zone. These are actively delivering more than 1054 industrial projects accounting for nearly INR 1,11,637 Crore. The top 10 project owners alone account for over 41% of the total project value. Key players include:
| Sr. No. | Company Name | Project Nos. | Construction Area (Million-SqFt) | Project Value (INR-Crore) | % by Project Value |
| 1 | Ambuja Cements Limited | 7 | 2.75 | 13,061 | 11.70% |
| 2 | UltraTech Cement Limited | 7 | 6.53 | 5,803 | 5.20% |
| 3 | JK Cement Limited | 2 | 7.78 | 5,293 | 4.74% |
| 4 | JSW Cement Limited | 1 | 3.17 | 4,998 | 4.48% |
| 5 | Bajaj Hindustan Sugar Limited | 6 | 6.51 | 3,737 | 3.35% |
| 6 | ACC Limited | 1 | 0.56 | 3,400 | 3.05% |
| 7 | Grew Energy Private Limited | 1 | 2 | 3,000 | 2.69% |
| 8 | Hindustan Zinc Limited | 1 | 0.89 | 2,500 | 2.24% |
| 9 | Shree Cement Limited | 2 | 4.2 | 2,151 | 1.93% |
| 10 | Geetanjali Steel Private Limited | 1 | 0.5 | 1,772 | 1.59% |
Top 5 General Turnkey/Civil Works Contractors
Among the 60 General turnkey/civil works companies monitored by BX-2 in the North zone, Goel Construction Company Pvt Ltd leads, with projects worth INR 4,998 Crore. This represents nearly 31.70% of the total project value. The firm is actively developing a total of 3.17 Million-SqFt of the construction area. Praj Industries Ltd and Pragati Infra Solutions Ltd (PISL) follow in the second and third ranks, respectively. These firms are delivering projects worth INR 1,807 Crore and INR 1,323 Crore, respectively.
| Sr. No. | Company Name | Project Nos. | Construction Area (Million-SqFt) | Project Value (INR-Crore) | % by Project Value |
| 1 | Goel Construction Company Private Limited | 1 | 3.17 | 4,998 | 31.70% |
| 2 | Praj Industries Limited | 5 | 3.98 | 1,807 | 11.46% |
| 3 | Pragati Infra Solutions Limited (PISL) | 3 | 2.24 | 1,323 | 8.39% |
| 4 | Hi-Tech Competent Builder Private Limited | 5 | 1.29 | 600 | 3.81% |
| 5 | EXCEL Engineers & Consultants (Regreen Excel) | 3 | 1.44 | 597 | 3.79% |
Top 5 Design Engineering Consultants
Among 94 Design Engineering consultancy firms monitored by BX-2, Tata Consulting Engineers Ltd stands out with projects worth INR 3,000 Crore. They are delivering projects covering 2 Million-SqFt, representing 10.24% of the total industrial projects in the North zone. Meanwhile, SecMec Consultants Pvt Ltd follow second in line. They manage a significant project covering 2 Million-SqFt. The total cost of this project is INR 2,500 Crore, representing 8.53% of the overall project value.
| Sr. No. | Company Name | Project Nos. | Construction Area (Million-SqFt) | Project Value (INR-Crore) | % by Project Value |
| 1 | Tata Consulting Engineers Limited | 1 | 2 | 3,000 | 10.24% |
| 2 | SecMec Consultants Private Limited | 1 | 2 | 2,500 | 8.53% |
| 3 | Mecon Limited | 1 | 0.89 | 2,500 | 8.53% |
| 4 | Avant- Garde Systems and Controls Private Limited | 4 | 3.42 | 2,268 | 7.74% |
| 5 | Pangasa Chetana Designs Private Limited(PC Designs) | 5 | 2.08 | 1,921 | 6.56% |
Part B: Northeast Zone
Construction Projects in the Northeast Zone
In the last financial year, Biltrax Construction Data tracked 143 industrial projects in the Northeast Zone through its BX-2 platform. These projects cover nearly 19 Million-SqFt, with an estimated investment cost of INR 45,792 Crore.
State-wise Construction Overview of the Northeast Zone (Based on Project Value)
Of the total projects tracked on BX-2 in the Northeast region during FY 2023-24, Assam leads in terms of total project value. The state implemented 118 projects, spanning a total construction area of 12.28 Million-SqFt, valued at INR 42,255 Crore. This represents almost 92.28% of the total project value in the Northeast Zone. Assam witnessed a notable surge in industrial investments during the last financial year, driven by a surge in manufacturing activities and an expanding warehousing sector. The UNNATI (Uplifting North East Nurturing Aspirations for Transformation and Innovation) Scheme further accelerated this progress by providing targeted support to SMEs and infrastructure projects. It played a significant role in providing essential financial aid, infrastructure support, and capacity building, contributing to the region’s notable industrial progress.
| Sr. No. | State | Project Nos. | Construction Area (Million-SqFt) | Project Value (INR-Crore) | % by Project Value |
| 1 | Assam | 118 | 12.28 | 42,255 | 92.28% |
| 2 | Meghalaya | 9 | 5.59 | 3,261 | 7.12% |
| 3 | Arunachal Pradesh | 3 | 0.3 | 156 | 0.34% |
| 4 | Tripura | 8 | 0.19 | 73 | 0.16% |
| 5 | Nagaland | 4 | 0.17 | 43 | 0.09% |
| 6 | Mizoram | 1 | 0.01 | 4 | 0.01% |
| TOTAL | 143 | 18.54 | 45,792 |
Major Sub-segments
In FY 2023-24, the Northeast region experienced significant developments across various industrial sub-segments, reflecting diverse and robust growth. BX-2 recorded 134 projects across major sub-segments of the manufacturing sector in this zone. These projects encompass a total area of 17.54 Million-SqFt with a total project value of INR 45,406 Crore. The electronics sector led the region in terms of project value, accumulating nearly 59.62% of the total. Assam emerged as the leader in this segment, initiating 10 major electronics projects with an estimated total value of INR 30,933 Crore. The region’s supportive policies, investment incentives, and the establishment of specialized electronics parks have attracted significant investments. Major electronics companies seeking to capitalize on the incentives and favorable business environment invested heavily in the region.
| Sr. No. | Sub-Segments | Project Nos. | Project Value(in INR-Cr) | % by Project Value |
| 1 | Electronics | 2 | 27,070 | 59.62% |
| 2 | Chemicals | 9 | 8,881 | 19.56% |
| 3 | Cement | 12 | 6,708 | 14.77% |
| 4 | Food Processing | 70 | 1,995 | 4.39% |
Key Stakeholders in the Northeast Zone (Based on Project Value)
Major Project Owners
As of FY 2023-24, BX-2 monitored over 135 project owners in the Northeast Zone. These are actively delivering more than 143 industrial projects accounting for an estimated INR 45,792 Crore. The top 10 project owners alone account for nearly 94% of the total project value. Key players include:
| Sr. No. | Company Name | Project Nos. | Construction Area (Million-SqFt) | Project Value (INR-Crore) | % by Project Value |
| 1 | Tata Electronics Private Limited | 1 | 1 | 27,000 | 58.96% |
| 2 | Numaligarh Refinery Limited (NRL) | 1 | 2.51 | 7,231 | 15.79% |
| 3 | Meghatop Cement Private Limited | 1 | 3.66 | 2,451 | 5.35% |
| 4 | Calcom Cement India Limited | 1 | 0.43 | 2,240 | 4.89% |
| 5 | Kesar Petroproducts Limited | 1 | 0.5 | 1,600 | 3.49% |
| 6 | Dalmia Cement (Bharat) Limited | 1 | 2.5 | 870 | 1.90% |
| 7 | PepsiCo India Holdings Private Limited | 1 | 0.3 | 758 | 1.66% |
| 8 | Taj Cement Manufacturing Private Limited | 1 | 0.61 | 342 | 0.75% |
| 9 | Cool Caps Industries Limited | 5 | 0.45 | 262 | 0.57% |
| 10 | Star Cement Limited | 2 | 0.45 | 260 | 0.57% |
Top 3 General Turnkey/Civil Works Contractors
Among the 4 General turnkey/civil works companies monitored by BX-2 in the Northeast zone, Semac Consultants Pvt Ltd leads, with projects worth INR 758 Crore. This represents nearly 75.20% of the total project value. The firm is actively developing a total of 0.3 Million-SqFt of the construction area. ECR Buildtech Pvt Ltd and Chicago Construction Company follow in the second and third ranks, respectively. These firms are delivering projects worth INR 175 Crore and INR 70 Crore, respectively.
| Sr. No. | Company Name | Project Nos. | Construction Area (Million-SqFt) | Project Value (INR-Crore) | % by Project Value |
| 1 | Semac Consultants Private Limited | 1 | 0.3 | 758 | 75.20% |
| 2 | ECR Buildtech Private Limited | 1 | 0.5 | 175 | 17.36% |
| 3 | Chicago Construction Company | 1 | 0.1 | 70 | 6.94% |
Top 5 Design Engineering Consultants
Among 7 Design Engineering consultancy firms monitored by BX-2, Hallmark Technical Services Pvt Ltd stands out with projects worth INR 2,451 Crore. They are delivering projects covering 3.66 Million-SqFt, representing 69.22% of the total industrial projects in the Northeast zone. Meanwhile, L&T Technology Services (LTTS) follows second in line. They manage a significant project covering 0.3 Million-SqFt. The total cost of this project is INR 758 Crore, representing 21.41% of the overall project value.
| Sr. No. | Company Name | Project Nos. | Construction Area (Million-SqFt) | Project Value (INR-Crore) | % by Project Value |
| 1 | Hallmark Technical Services Private Limited | 1 | 3.66 | 2,451 | 69.22% |
| 2 | L&T Technology Services (LTTS) | 1 | 0.3 | 758 | 21.41% |
| 3 | Thyssenkrupp Industrial Solutions Private Limited (UHDE India) | 1 | 0.15 | 160 | 4.52% |
| 4 | Chicago Construction Company | 1 | 0.1 | 70 | 1.98% |
| 5 | Chanderpur Group | 1 | 0.15 | 46 | 1.30% |
Also Read: Navigating Building Construction Trends in India’s Northeast Zone: FY 2023-24
This article summarizes an in-depth analysis of industrial trends for FY 2023-24 in the North & Northeast zones, offering insights into growth and development. In conclusion, zonal analytics play a pivotal role in deciphering these regional dynamics. Consequently, it offers insights that are essential for stakeholders to navigate the complex construction landscape. By leveraging data from Biltrax Construction Data, industry players gain access to detailed, real-time information on construction projects across India. Moreover, with Biltrax’s robust analytics and detailed reporting, stakeholders can effectively plan and execute their projects, ensuring they are aligned with regional demands and opportunities. This approach not only enhances efficiency but also drives sustainable growth in India’s dynamic construction sector.
Stay tuned for our next article in the ‘Zonal Analytics’ series. In article 3 of 4, we will explore the East and West Zones – another critical segment of India’s construction industry.
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