Swastika Infra

About the Company

Swastika Infra is an engineering, procurement, and construction company that specializes in power distribution infrastructure projects on a turnkey basis and trades in electrical products. Its primary business activity involves executing power infrastructure contracts, including underground cabling, gas-insulated and air-insulated substations, rural and urban electrification, and street lighting system installations. The company generates revenue by delivering end-to-end EPC services—from design, procurement, and supply to erection, testing, and commissioning—and through the sale of electrical products such as cables and circuit breakers. Serving state electricity distribution companies, central government-backed initiatives, and multilateral bank-funded developments, it operates across multiple Indian states. Supported by internal operational and project execution capabilities, the company focuses on securing government utility contracts while utilizing bulk procurement strategies to manage material requirements for its power projects.   

Strengths

• Strong execution capabilities in turnkey power distribution infrastructure projects.
• Order book growth supported by state power utilities and multilateral funds.
• Geographical presence across multiple Indian states executing EPC contracts.
• Record of revenue growth and profitability in recent years.
• Integrated bulk procurement strategy for core materials like cables and transformers.

Risks

• Revenue is heavily concentrated from government-owned electricity utilities.
• Order book reliance on a few large-scale power projects.
• Execution is vulnerable to site delays, clearance issues, and weather disruptions.
• High working capital needs with exposure to bank guarantee requirements.
• Dependence on third-party subcontractors and suppliers for execution.