Adani’s bumper capex trickles down to smaller infra firms

Sterling and Wilson saw its revenue rise 20% to ₹7,548 crore last fiscal year, slower than the 108% growth posted in FY25. Power Mech’s revenue rose 16% to ₹6,061.6 crore, after a 24% rise in FY25. H.G. Infra’s revenue increased 3.5% to ₹5,234.6 crore, following a 16% rise in FY25. Bondada Engineering’s revenue was at ₹2,843 crore last year, up 81% from FY25, when it grew 96%. Diamond Power’s revenue rose 71.2% to ₹1,910.1 crore, compared to a 225% jump in FY25.