K2 Infragen lands Rs 262 crore Indian Railways power project

GURUGRAM: K2 Infragen has kicked off 2026 with a big-ticket win. The infrastructure engineering firm has secured a Rs 262 crore contract from Indian Railways, marking one of its largest railway power projects to date and cementing its ambitions in the rail electrification space.

The letter of award covers the design, supply, erection, testing and commissioning of a 2x25kV AC 220/132/55kV traction substation, along with sectioning posts, sub-sectioning posts and SCADA systems, across the Luni (including) to Bhildi (excluding) double-line section of the Jodhpur division under North Western Railway.

The project has been awarded to K2 Infragen in a joint venture with Salasar Techno Engineering, with K2 Infragen as the lead partner holding a 74 per cent stake. The work will strengthen power infrastructure along the Luni–Bhildi corridor, a key railway stretch in Rajasthan.

Calling the order a turning point, K2 Infragen’s managing director, Pankaj Sharma, said the win signalled the company’s readiness to execute multiple projects worth more than Rs 250 crore simultaneously. He added that the contract would boost shareholder confidence and move K2 Infragen closer to India’s top tier of infrastructure players.

Calling it a validation of the company’s growth trajectory, K2 Infragen’s chief financial officer, Priyanka Pareek, said the order underlined its expanding role in India’s railway and transmission investment cycle. With the order book now crossing Rs 500 crore, she said K2 Infragen was entering a phase of aggressive but disciplined growth, backed by both revenues and profitability.

Founded in 2015, K2 Infragen is a publicly listed EPC player with operations spanning roads, railways, power transmission and distribution, civil construction, water infrastructure and renewable energy. Its client roster includes North Western Railway, NHAI, HSIIDC, Hindustan Copper, Vindhya Telelinks, Larsen & Toubro, Tata, HG Infra and GR Infra, with projects spread across more than ten states.

By spreading its bets across sectors and regions, the company has reduced dependence on any single domain while building scale and margins. With fresh orders, deeper rail credentials and a swelling pipeline, K2 Infragen is signalling one thing clearly: it wants a bigger seat at India’s infrastructure table-and it wants it fast.