India’s infrastructure sector is a key driver of the economy, and with a growing emphasis on developing robust physical frameworks, infrastructure stocks have become a popular choice for investors looking for long-term growth.

The sector includes companies involved in a wide range of areas, including construction, energy, telecommunications, transportation and utilities.

In this article, we take a look at the top 10 infrastructure stocks in India based on market capitalisation, along with insights into their performance and the latest government policy shifts driving the industry.

Government Initiatives Driving Growth in Infrastructure Stocks

The Indian government has rolled out several initiatives aimed at transforming the country's infrastructure. The National Infrastructure Pipeline (NIP), launched with a vision to invest over ₹111 lakh crore in various projects by 2025, is expected to fuel growth in infrastructure stocks.

This massive investment plan covers sectors such as transportation, energy, water and sanitation, all of which are crucial for India's long-term development goals.

In addition, the Gati Shakti Plan, launched in 2021, is designed to improve coordination across ministries and fast-track infrastructure projects.

With respect to infrastructure stocks, India has focused on a multi-modal connectivity approach as the government aims to reduce logistics costs and make Indian businesses more competitive globally. This initiative will have a positive impact on infrastructure stocks in India, particularly in sectors like transportation, logistics, and power.

Furthermore, the government's push for renewable energy through policies like the National Solar Mission and Green Energy Corridor projects is expected to boost companies in the energy infrastructure space, such as NTPC, Tata Power, and Power Grid Corporation.

Infrastructure support to the nation's manufacturers also remains one of the top agendas as it will significantly transform goods and exports movement making freight delivery effective and economical.

The Smart Cities Mission and Housing for All programmes have also benefitted from these initiatives.

Why Invest in Infrastructure Stocks?

Investing in infrastructure stocks offers a unique opportunity to capitalise on India’s growth story. As the government accelerates infrastructure development across various sectors, companies involved in construction, energy, telecommunications and logistics are likely to witness robust growth.

Infrastructure stocks tend to offer long-term stability, as they are often backed by large government contracts and sustained demand for infrastructure services. Moreover, the government’s “Make in India” initiative has seen increased inflows into the sector, which can lead to strong performance in the long term.

Moreover, many of these companies are shifting their focus toward sustainable development, especially in energy and transportation, which aligns with global trends toward greener economies. This makes infrastructure stocks an attractive option for investors seeking both growth and environmental responsibility.

See Also: Railway Stocks RVNL, IRFC, RITES Trade In The Green After 4 Sessions

Top 10 Infrastructure Stocks In India

1. Reliance Industries Ltd. (NSE)

• Market Cap: ₹20.19 lakh crore

Reliance Industries Ltd. is a diversified conglomerate with a market capitalisation of ₹20.19 trillion, making it the largest company in India by market value. While it has a vast presence across sectors such as retail, petrochemicals, and telecommunications, its role in infrastructure development is crucial.

Reliance Jio, its telecom arm, has been pivotal in expanding India’s digital infrastructure. From laying fiber optic networks to leading the 5G rollout, Reliance is shaping the future of India's connectivity.

Moreover, Reliance’s foray into green energy, with significant investments in solar and hydrogen energy projects, positions it at the forefront of India’s renewable energy transition.

With the Indian government pushing for sustainable infrastructure under initiatives like the National Infrastructure Pipeline (NIP) and the Green Energy Corridor, Reliance stands to benefit greatly. This makes it not just one of the best infrastructure stocks in India but also a leader in India’s journey toward self-reliance and sustainability.

2. Bharti Airtel Ltd. (NSE)

• Market Cap: ₹10.23 lakh crore

With a market capitalization of ₹10.23 trillion, Bharti Airtel Ltd. is a key player in India’s telecom infrastructure. As one of the largest telecom operators in the country, Airtel has played an instrumental role in laying the foundation for India's digital economy.

Its investments in expanding its 5G network, increasing fiber optic penetration, and providing high-speed broadband to remote areas are aligned with the Indian government’s vision of a digitally connected nation.

Airtel’s aggressive push toward upgrading its digital infrastructure is expected to drive long-term growth, especially as demand for high-speed internet increases with the rollout of 5G services.

The company is also investing in digital services such as cloud computing, data centers, and AI to build a more comprehensive infrastructure network. With these moves, Bharti Airtel solidifies its place as one of the top infrastructure stocks in India that investors can look at for long-term growth.

3. Larsen & Toubro Ltd. (NSE)

• Market Cap: ₹5.19 lakh crore

Larsen & Toubro Ltd. (L&T) is synonymous with infrastructure development in India. With a market cap of ₹5.19 trillion, L&T is involved in multiple segments, including construction, engineering and defence. I

t is responsible for executing some of the largest infrastructure projects in India, including highways, bridges, metro systems, and smart cities. L&T is at the heart of India's infrastructure push, making it a vital player in the infrastructure stocks category.

L&T is also expanding its reach in sectors like defense and renewable energy, benefiting from government-backed initiatives like Make in India and the National Infrastructure Pipeline (NIP).

As the government continues to prioritize infrastructure development through schemes like Gati Shakti, L&T is poised to reap significant rewards. Its expertise in executing large-scale projects and its leadership in the engineering sector make it one of the best infrastructure stocksfor investors looking for steady, long-term growth.

4. NTPC Ltd. (NSE)

• Market Cap: ₹4.10 lakh crore

As India’s largest power generation company, NTPC Ltd. plays a critical role in the country’s energy infrastructure. With a market capitalization of ₹4.10 trillion, NTPC is responsible for a large share of India's electricity production.

The company has been increasingly focusing on renewable energy, with plans to scale up its solar and wind energy capacity. This aligns with the Indian government’s goal of achieving 500 gigawatts of renewable energy by 2030.

NTPC is also investing in innovative energy solutions such as green hydrogen and battery storage, which are essential for ensuring grid stability as renewable energy becomes a more significant part of the energy mix.

As the government pushes forward with its renewable energy goals under initiatives like the National Solar Mission and the Green Energy Corridor, NTPC is expected to be a major beneficiary. This positions NTPC as one of the top infrastructure stocks in India with a focus on green energy.

5. Oil & Natural Gas Corporation Ltd. (NSE)

• Market Cap: ₹3.60 lakh crore

With a market capitalization of ₹3.60 trillion, Oil & Natural Gas Corporation Ltd. (ONGC) is a heavyweight in India's energy sector.

The company is responsible for over 70% of the country’s crude oil production and plays a pivotal role in ensuring India’s energy security. ONGC's extensive network of oil fields, pipelines and refineries constitutes a significant part of India’s energy infrastructure.

In recent years, ONGC has been diversifying its portfolio to include renewable energy sources such as wind and solar. The company is also focusing on deepwater drilling to tap into untapped oil reserves.

With the Indian government encouraging a shift towards cleaner energy, ONGC is expected to play a crucial role in balancing traditional and renewable energy sources. For investors, ONGC remains one of the best infrastructure stocks in India due to its dominant position in the energy market.

6. UltraTech Cement Ltd. (NSE)

• Market Cap: ₹3.39 lakh crore

UltraTech Cement Ltd., with a market cap of ₹3.39 trillion, is India's largest manufacturer of grey cement, ready-mix concrete (RMC), and white cement.

As infrastructure development accelerates across the country, UltraTech is poised to benefit from increasing demand for construction materials. The company is a critical supplier to India's infrastructure projects, making it a key player among infrastructure stocks.

UltraTech has also invested heavily in sustainability, with efforts to reduce its carbon footprint and increase the use of alternative fuels and raw materials. This focus on sustainability aligns well with the global shift toward greener construction practices.

Given the Indian government's continued focus on expanding infrastructure through programs like Smart Cities Mission and Housing for All, UltraTech Cement is expected to maintain its leadership in the sector.

7. Power Grid Corporation of India Ltd. (NSE)

• Market Cap: ₹3.16 lakh crore

Power Grid Corporation of India Ltd., with a market cap of ₹3.16 trillion, is the backbone of India's power transmission network.

The company is responsible for transmitting about 50% of the power generated in India, making it a critical component of the nation's energy infrastructure. Power Grid is actively involved in the modernisation of India’s grid infrastructure, including the integration of renewable energy into the grid.

With the government pushing for greater renewable energy adoption under the Green Energy Corridor initiative, Power Grid’s role in ensuring grid stability is more important than ever.

The company’s continuous investments in smart grid technologies and high-voltage transmission systems make it a top choice for investors looking for stable, long-term returns in infrastructure stocks India.

8. Adani Ports and Special Economic Zone Ltd. (NSE)

• Market Cap: ₹3.13 lakh crore

With a market capitalization of ₹3.13 trillion, Adani Ports is the largest commercial ports operator in India. The company operates several major ports, including Mundra, the largest private port in the country.

Adani Ports plays a crucial role in India's logistics and transportation infrastructure, handling a significant portion of India's export-import trade.

The Indian government's Sagarmala Project, which aims to modernise port infrastructure and improve connectivity, is expected to benefit Adani Ports significantly.

The company is also expanding its logistics operations to include inland waterways and railways, making it one of the most diversified players in the infrastructure stocks space. As India's trade volumes grow, Adani Ports is well-positioned for future growth.

9. Siemens Ltd. (NSE)

• Market Cap: ₹2.42 lakh crore

Siemens Ltd., with a market cap of ₹2.42 trillion, is a key player in the industrial and energy infrastructure sectors. The company has a strong presence in automation, electrification and digitalisation, making it a vital part of India's push toward smart infrastructure solutions.

Siemens is involved in several large-scale infrastructure projects, particularly in energy transmission and industrial automation.

With the government's emphasis on smart cities and the modernisation of urban infrastructure, Siemens is expected to play a significant role in shaping the future of India's infrastructure.

Its focus on sustainability and innovation aligns well with the global shift toward greener and smarter infrastructure solutions, making it a strong contender among top infrastructure stocks in India.

10. Indian Oil Corporation Ltd. (NSE)

• Market Cap: ₹2.34 lakh crore

Rounding off the top 10 is Indian Oil Corporation Ltd. (IOC), with a market capitalization of ₹2.34 trillion. As one of India's largest oil companies, IOC plays a critical role in the country’s energy infrastructure.

Its vast network of pipelines, refineries, and distribution channels ensures the efficient transportation and supply of fuel across the country.

IOC is also investing heavily in renewable energy projects and biofuels as part of its strategy to diversify away from fossil fuels.

The government's push toward cleaner energy alternatives under initiatives like National Biofuels Policy is expected to benefit IOC in the long run, making it a key player among infrastructure stocks in the energy sector.

Here’s a list of the top 20 infrastructure stocks, ranked by market cap:

	Company Name	Industry	Market Cap (in ₹Cr)
1	Reliance Industries Ltd.	Oil Gas & Consumable Fuels	20,19,717.03
2	Bharti Airtel Ltd.	Telecommunication	10,30,016.263
3	Larsen & Toubro Ltd.	Construction	5,20,386.2311
4	NTPC Ltd.	Power	4,10,847.7926
5	Oil & Natural Gas Corporation Ltd.	Oil Gas & Consumable Fuels	3,60,882.8829
6	UltraTech Cement Ltd.	Construction Materials	3,39,279.9906
7	Power Grid Corporation of India Ltd.	Power	3,16,405.9603
8	Adani Ports and Special Economic Zone Ltd.	Services	3,13,392.8316
9	Siemens Ltd.	Capital Goods	2,42,054.8999
10	Indian Oil Corporation Ltd.	Oil Gas & Consumable Fuels	2,34,412.418
11	DLF Ltd.	Realty	2,15,822.3721
12	InterGlobe Aviation Ltd.	Services	1,86,546.7703
13	Grasim Industries Ltd.	Construction Materials	1,82,561.1874
14	Ambuja Cements Ltd.	Construction Materials	1,51,629.7843
15	Tata Power Co. Ltd.	Power	1,41,841.1406
16	GAIL (India) Ltd.	Oil Gas & Consumable Fuels	1,39,095.8406
17	Cummins India Ltd.	Capital Goods	1,04,648.5804
18	Apollo Hospitals Enterprise Ltd.	Healthcare	1,02,110.7891
19	Indian Hotels Co. Ltd.	Consumer Services	1,00,316.3702
20	Shree Cement Ltd.	Construction Materials	90,383.33894

India's infrastructure sector is undergoing a transformation, with significant investments and policy support from the government.

The best infrastructure stocks in India are poised for growth, driven by their involvement in key projects and the country's emphasis on sustainable development.

For investors looking to benefit from long-term growth, these top infrastructure stocks in India offer a mix of stability and future potential.

The infrastructure sector will continue to play a vital role in India's economic trajectory, making it a key area for investment in the coming years. As government policies evolve and projects come to fruition, infrastructure stocks are likely to remain a cornerstone of India's stock market.

Read Next: Star Health Hit By Massive Data Breach, Millions Of Customers’ Data Leaked On Telegram: Report

Disclaimer: This content was partially produced with the help of Benzinga Neuro and was reviewed and published by Benzinga editors.