The construction industry is quite old as human being and it has evolved a lot. From building the shelters in ancient time to constructing the modern villas. EPC industry stands for – Engineering, procurement and construction industry where the ordinary form of contracts are used to undertake construction work by large scale private sector industries.
Lump sum turnkey contract (LSTK) contracts are in limelight for multiple job opening in infrastructure and engineering projects.
Market Size and GDP Share of EPC Industry
The EPC sector of India has always seen a changeable phase. Infrastructure spending in the construction industry is evaluated about 9 % of the country’s GDP whereas on the other hand as per the survey done in 2019-20 “If India wants GDP of USD 5 trillion by 2024-25 then it needs to spend about USD 1.4 trillion on infrastructure”- stated by economic survey.
The estimation for the construction industry evolution was 5.65 % from the fiscal year 2015 to 2020 and it was 2.95 % during the fiscal year 2010 to 2015.
National Infrastructure Pipeline has shown an investment of INR 102 lakh crore during the period FY 2020 to 2025 in India in the report of the Task Force, which means a lot of job openings in Infra projects in India.
Jobs Opportunity Created By EPC Industries
EPC sector employed over 40 million workforces in 2013 in India and it is expected to employ over 52 million workforces by 2017 and 67 million workforce by 2022. That means shower of jobs in construction and infrastructure sector, golden opportunity for every job seeker in the construction industry.
Top 10 EPC Companies in India and Current Job Scenario in Construction and Infrastructure Companies
EPC sector has groomed itself in every possible way. It is estimated to be the 3rd largest market in India for jobs, fostering the future and taking a step that can result in some thriving careers.
For anyone who is seeking their career in core profile EPC jobs should be a minimum Civil Engineering Graduate from a recognized University or can apply for courses like “EPC Project Management”.
Here is the list of top 10 EPC companies in India which offer lots of Job opportunity into engineering procurement & construction industry
|1||Tata project (Tata Project Jobs)||Mumbai|
|2||Nagarjuna Construction Company (NCC Jobs)||Hyderabad|
|3||Hindustan construction company (HCC Jobs)||Mumbai|
|4||Gammon India (Gammon Jobs)||Mumbai|
|5||Punj Lloyd (Punj Lloyd Jobs)||Gurgaon|
|6||Lanco Infratech (Lanco Jobs)||Gurgaon|
|7||Iragavarapu Venkata Reddy Construction Ltd. (IVRCL Jobs)||Hyderabad|
|8||Jaypee Group ( Jaypee Jobs)||Noida|
|9||GMR Group (GMR Jobs)||New Delhi|
|10||Larsen and Toubro (L & T Jobs)||Mumbai|
Major Hub, Job Roles and Average Salary in EPC (Engineering Procurement & Construction Industry)
Maharashtra contributes 25% of industrial output which clearly shows why it has received this tag. Also major metro cities i.e. Pune, Greater Noida, Dwarka in Delhi and Nimrana in Haryana are also have many running projects of construction. With a gross domestic product of 23.2% it is definitely a hub location, where job seekers can expect to have huge no. of construction job vacancies.
An entry-level construction manager can expect INR 50,000 as earnings (includes tips, bonus, and overtime pay) in total with 2-3 Year Experience. The early bird catches the worm, so if you are daydreamer then stop being so, Gweka consulting services (GCS) help you to choose the suitable yet thriving career in the EPC industry. So, you are in the right hands, and your successful career is just a click away.
|S.No||Job role||Average Annual Salary (INR)||Click to apply|
|1||Project management||14,01,575||Apply Now|
|2||Contractor Management||10,85,352||Apply Now|
|3||Construction Estimating||7,11,000||Apply Now|
|4||Construction Site Inspection||15,51,000||Apply Now|
|5||QC/ Planning Manager||4,45,000||Apply Now|
|6||Construction Foreman||2,96,412||Apply Now|
|9||Construction Expeditor||18,00,000||Apply Now|
Note: – All the salaries are subjected to experience level and are approximate in amount.
News, Latest Update and Current Scenario of EPC Industry in Year 2020
The EPC industry got recharged again in 2018 after several downfalls.
The survey done by global data in 2023 provided a view on market expansion over period. In Jan 2019 government planning to spend INR1.0 trillion for constructing affordable housing by 2022. This great imitative by Indian government will end in resulting in more employment in construction industry.
Some eco-friendly steps taken by the government are proving to be quite influential after the first official green government building. After a while, many state governments have decided to convert their existing buildings green through retrofitting and following green norms for new ones which in itself is a compassionate step.
Artificial Intelligence (AI) is on its way in near future technology like 3-D printed structures will redefine the labour work.
We hope you have gain insight into EPC Industry and ready to boost your career with GCS. Come, Register with us, further share your thoughts in the comment column.