India has laid out an ambitious plan to expand its high-speed road network nearly fivefold over the next decade. With an investment of Rs. 11 lakh crore ($125 billion), the government aims to modernize highways, cut logistics costs, and build a world-class transport infrastructure comparable to global standards.
The project includes developing 17,000 kilometers of access-controlled expressways, allowing vehicles to travel at speeds up to 120 kmph. These roads will ensure faster, safer, and more efficient connectivity across the country. Nearly 40 percent of the proposed network is already under construction and expected to be completed before 2030.
As of March this year, India’s national highway network spans more than 146,000 kilometers, but only a small portion meets global high-speed standards. With a budget allocation of Rs 2.9 trillion for FY26, the government is signaling a strong intent to accelerate road and highway development at a historic scale.
This massive infrastructure push will significantly benefit listed Indian road and infrastructure companies involved in construction, development, and maintenance. With steady government spending, strong order pipelines, and growing demand for efficient transport, road infrastructure stocks stand to gain as key players in driving India’s infrastructure growth story.
Here are a few road infrastructure stocks to benefit from the government plans to invest $125 billion in a high-speed road network
Larsen & Toubro Limited
With a market capitalization of Rs. 489,180.15 crore, the shares of Larsen & Toubro Limited were currently trading at Rs. 3,556.35 per equity share, down nearly 1.01 percent from its previous day’s close price of Rs. 3,592.50.
As of June 30, 2025, Larsen & Toubro Limited reported a strong order book of Rs. 6,12,800 crore. Of this, the infrastructure segment contributes around 61 percent, amounting to approximately Rs. 373,808 crore, highlighting the company’s leadership in large-scale infrastructure projects.
Larsen & Toubro Limited was established in 1938 in Mumbai by Danish engineers Henning Holck-Larsen and Søren Kristian Toubro. The company operates as a multinational conglomerate providing engineering, construction, manufacturing, information technology, power, defense, and financial services across India and over thirty countries globally.
IRB Infrastructure Developers Limited
With a market capitalization of Rs. 25,575.17 crore, the shares of IRB Infrastructure Developers Limited were currently trading at Rs. 42.35 per equity share, down nearly 0.84 percent from its previous day’s close price of Rs. 42.71.
As of June 30, 2025, IRB Infrastructure Developers Limited posted a robust order book of Rs. 30,000 crore, underscoring its strong position and leadership in executing large-scale infrastructure projects.
IRB Infrastructure Developers Limited was established in 1998 in Mumbai by Virendra D. Mhaiskar. The company constructs and operates highways, roads, and infrastructure projects through the Build-Operate-Transfer (BOT) model, Engineering Procurement Construction contracts, and toll collection services across India.
KNR Constructions Limited
With a market capitalization of Rs. 5,616.25 crore, the shares of KNR Constructions Limited were currently trading at Rs. 199.70 per equity share, down nearly 0.84 percent from its previous day’s close price of Rs. 201.40.
As of June 30, 2025, KNR Constructions Limited reported a strong order book of Rs. 8,305 crore. Of this, the road infrastructure segment contributes around 27.20 percent, amounting to approximately Rs. 2,259 crore, highlighting the company’s leadership in large-scale infrastructure projects.
KNR Constructions Limited was established in 1995 in Hyderabad by founder K. Narasimha Reddy. The company provides Engineering Procurement Construction services for roads, highways, bridges, irrigation projects, and urban water infrastructure management through fixed-term government and private contracts across India.
Ashoka Buildcon Limited
With a market capitalization of Rs. 5,214.43 crore, the shares of Ashoka Buildcon Limited were currently trading at Rs. 185.75 per equity share, down nearly 2.29 percent from its previous day’s close price of Rs. 190.10.
As of June 30, 2025, Ashoka Buildcon Limited reported a strong order book of Rs. 15,886 crore. Of this, the road infrastructure segment contributes around 60.8 percent, amounting to approximately Rs. 9,658.69 crore.
Ashoka Buildcon Limited was established in 1976. The company constructs and operates highways, bridges, railways, power infrastructure, and urban projects through Engineering Procurement Construction, Build-Operate-Transfer, and Hybrid Annuity Model contracts, providing integrated infrastructure development services across India.
H.G. Infra Engineering Limited
With a market capitalization of Rs. 6,510.59 crore, the shares of H.G. Infra Engineering Limited were currently trading at Rs. 999 per equity share, rising nearly 0.64 percent from its previous day’s close price of Rs. 992.60.
As of June 30, 2025, H.G. Infra Engineering Limited reported a strong order book of Rs. 14,656.3 crore. Of this, the road and highway infrastructure segment contributes around 65.66 percent, amounting to approximately Rs. 9,623.2 crore.
H.G. Infra Engineering Limited was established in 2003 by founder Hodal Singh in Jodhpur, originally incorporated as a private company converted from a partnership firm. The company constructs roads, highways, bridges, railways, and metro projects through Engineering Procurement Construction and Hybrid Annuity Model contracts.
G R Infraprojects Limited
With a market capitalization of Rs. 12,482.11 crore, the shares of G R Infraprojects Limited were currently trading at Rs. 1,290 per equity share, down nearly 0.45 percent from its previous day’s close price of Rs. 1,295.80.
As of June 30, 2025, G R Infraprojects Limited reported a strong order book of Rs. 19,410.4 crore. Of this, the road and highway infrastructure segment contributes around 69 percent, amounting to approximately Rs. 13,393.18 crore.
G R Infraprojects Limited was established in 1995 as G.R. Agarwal Builders and Developers Limited and was renamed in 2007. The company constructs roads, highways, bridges, railways, metro projects, and transmission lines through Engineering Procurement Construction, Build-Operate-Transfer, and Hybrid Annuity Model contracts across India.
ITD Cementation India Limited
With a market capitalization of Rs. 12,454.60 crore, the shares of ITD Cementation India Limited were currently trading at Rs. 725 per equity share, rising nearly 2.13 percent from its previous day’s close price of Rs. 709.90.
As of June 30, 2025, ITD Cementation India Limited reported a strong order book of Rs. 18,820 crore. Of this, the road and highway infrastructure segment contributes around 5.1 percent, amounting to approximately Rs. 962 crore.
ITD Cementation India Limited was established in India in 1931, incorporated as an Indian company in 1978. The company constructs marine structures, highways, bridges, tunnels, dams, airports, and metro rail systems, and provides foundation engineering and specialist construction services across diverse infrastructure projects.
Written By – Nikhil Naik
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Trade Brains Technologies Private Limited or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
