PBA Infrastructure IPO Details

Incorporated on July 31, 1974, PBA Infrastructure Limited is a Mumbai-based infrastructure construction company engaged in the execution of civil engineering projects across India. The Company specializes in the construction of highways, bridges, dams, runways, heavy RCC structures, and other large-scale infrastructure projects for various government authorities. Over the years, the Company has developed expertise in road construction, which remains its core focus area.

The Company operates through a project-based business model, primarily securing contracts through competitive bidding from government departments and agencies. Its revenue model involves executing awarded projects and receiving payments based on project milestones and completion stages. The Company undertakes projects under multiple contract formats, including item rate contracts, percentage rate contracts, EPC (Engineering, Procurement and Construction) contracts, BOT (Build-Operate-Transfer) models, annuity-based projects, and Operations & Maintenance (O&M) contracts.

PBA Infrastructure Limited provides end-to-end construction services, including project planning, engineering, procurement of materials, on-site execution, and post-completion maintenance where applicable. The Company also participates in joint ventures to undertake large-value projects, enabling it to meet technical and financial qualification requirements and execute complex infrastructure developments.

The Company primarily operates within India and has executed projects across multiple states including Maharashtra, Gujarat, Karnataka, Uttar Pradesh, Jammu & Kashmir, and Tamil Nadu. Its key clients include government bodies such as the National Highways Authority of India (NHAI), Municipal Corporation of Greater Mumbai (MCGM), Mumbai Metropolitan Region Development Authority (MMRDA), Airports Authority of India (AAI), and Jawaharlal Nehru Port Trust (JNPT), among others.

The Company has a strong infrastructure base supported by a large fleet of construction equipment and machinery, including asphalt plants, concrete batching plants, crushers, excavators, transit mixers, and road construction equipment. Its registered office is located in Chembur, Mumbai, along with a branch office in Govandi, Mumbai, and multiple site offices across project locations. The Company follows a centralized procurement system for key raw materials such as cement, steel, bitumen, and diesel.

As of the latest available data, the Company had a workforce of approximately 405 employees, including engineers, supervisors, administrative staff, and skilled and unskilled labor. The management team comprises experienced professionals with extensive expertise in construction, engineering, project management, and finance.

The Company has been awarded ISO 9001:2000 certification for quality management in construction of roads and bridges and is registered as a Class IA Contractor (No Limits) with the Public Works Department, enabling it to undertake large-scale infrastructure projects. Its strengths include an experienced management team, strong execution capabilities, a well-equipped machinery base, and long-standing relationships with government clients.

The Company continues to focus on expanding its presence in road and highway construction projects while exploring opportunities in BOT and other infrastructure development models. The outlook for the Company remains positive, supported by increasing government investment in infrastructure and development of transportation networks across India.