Partner at Exencial Research, Exencial Research

Viral Kishorchandra Shah

Partner at Exencial Research

Exencial Research

Thematic (Sector/Industry)

India Industrials / Thematic (Sector/Industry)

<ul>
<li>
Project completions rose to Rs.1.5 trillion in March 2025, surpassing Rs.1.3 trillion in December 2024, but yearly performance lags behind 2023-24 and 2022-23.</li>
<li>
Private sector led with Rs.675 billion, while central government completed Rs.463 billion, boosted by the Rs.257 billion P-75 Submarines Project finalized in January 2025.</li>
<li>
Renewable energy dominated completions at Rs.326 billion, with Adani Green’s Rs.65 billion solar projects in Rajasthan enhancing India’s green energy capacity.</li>
</ul>



Project completions rose to Rs.1.5 trillion in March 2025, surpassing Rs.1.3 trillion in December 2024, but yearly performance lags behind 2023-24 and 2022-23.

Private sector led with Rs.675 billion, while central government completed Rs.463 billion, boosted by the Rs.257 billion P-75 Submarines Project finalized in January 2025.

Renewable energy dominated completions at Rs.326 billion, with Adani Green’s Rs.65 billion solar projects in Rajasthan enhancing India’s green energy capacity.


India’s Rs.1.5T Q4 2025 Boost: Private Sector & Renewables Lead, Yearly Lag Persists