EPC Full Form, Top EPC Companies - EPC Contractor

 Engineering, procurement, and construction (EPC) EPC contracts (a type of turnkey contract) are a form of contract used to undertake construction works by the private sector on large-scale and complex infrastructure projects. 

Full form of EPC 

What is the Full form of EPC? The full form of EPC is Engineering, Procurement, and Construction. In the construction sector, EPC is a popular type of contract. A contractor-client relationship is defined here. It encompasses all the information about the construction project such as project design, material procurement, and the labor & equipment needed for the completion. It also involves the time limits for the construction process and the amount payable to the contractor.

Under an EPC contract, a EPC contractor is obliged to deliver a complete facility to a developer who needs only "turn a key" to start operating the facility; hence EPC contracts are sometimes called turnkey construction contracts.

In addition to delivering a complete facility, the contractor must deliver that facility for a guaranteed price by a fixed date and it must perform to the specified level. Failure to comply with any requirement will usually result in the contractor incurring monetary liabilities. The EPC contractor coordinates all design, procurement, and construction work and ensures that the whole project is completed as required and in time. They may or may not undertake actual site work.

Various abbreviations used for this type of contract are LSTK for lump-sum turnkey, EPIC for engineering, procurement, installation & commissioning, and EPCC for engineering, procurement, construction, and commissioning.

Use of EPIC is common, e.g., by FIDIC and most Persian Gulf countries. Use of LSTK is common in the Kingdom of Saudi Arabia. The use of EPCC is common in Qatar and some other countries.

Few points about EPC

The contractor and client will address each stage in-depth to prevent ambiguity and variance with the client’s requirements.

Whenever the contract is signed, the contractor must maintain the costs under budget and finish the assignment within the timeline specified.

The arrangement under which an EPC contractor is responsible for completing the project within the specified budget and time is generally referred to as an LSTK (Lump Sum Turn Key) Contract.

EPC functions

EPC contacts cover the following issues.
  • Engineering functions
  • Construction functions
  • Commissioning functions
  • Procurement functions

1. Engineering functions 
  • Basic engineering
  • Detailed engineering
  • Planning
  • Construction engineering
2. Construction functions
  • Electrical installation
  • Mechanical erection
  • Civil engineering
3. Commissioning functions
  • After-sales-service
  • Testing and commissioning
  • Modernization of plants
4. Procurement functions
  • Logistics and transport
  • Receiving
  • Procurement
  • Invoicing
  • Purchasing

An EPC, LSTK, or EPCC all are the same types of contracts. This form of contract is covered by the FIDIC (International Federation of Consulting Engineers) Silver Book

containing the title words EPC/turnkey. The initials EPCM are also encountered frequently on international projects, but this is very different from EPC. EPCM is a services-only contract, under which the contractor performs engineering, procurement, and construction management services. In an EPCM arrangement, the client selects a contractor who provides management services for the whole project on behalf of the client.

List of EPC companies

Infrastructure / General Contracting EPC Companies

Indian Companies:

  • Larsen & Toubro Limited
  • Hindustan Construction Co. Ltd.
  • Gammon India
  • Patel Engineering Ltd.
  • Era Infra Engineering
  • Sadbhav Engineering Limited
  • Nagarjuna Construction Company Ltd.

Foreign Companies:

  • Isolux Corsan
  • ITD Cementation India Limited
  • IJM(India) Infrastructure Limited
  • Leighton
  • ACS Construction Group Ltd.
  • Vinci Construction 

Oil & Gas EPC Companies

Indian Companies:

  • L&T Ltd.
  • Punj Lloyd
  • Petron Engineering Essar Projects
  • Mcnally Bharat
  • Leighton
  • Engineers India limited
  • Fabtech Projects
  • Jaihind project ltd.

Foreign Companies:

  • Aker Solutions
  • Leighton Welspun Contractors Pvt. Ltd.
  • Bechtel Corporation
  • Linde Engineering India Pvt. Ltd.
  • Tecnimont ICB
  • Samsung Engineering
  • Uhde India Limited

Building construction — Residential and Commercial Segments

Indian Companies:

  • Larsen & Toubro Limited
  • Shapoorji and Pallonjee & Co. Ltd.
  • Ahluwalia Contracts ltd.
  • L. Kashyap and sons
  • G. Shirke Construction
  • B.E. Billimoria
  • Consolidated construction consortium ltd
  • Mackintosh Burn Ltd.,
  • Man Infraconstruction Limited
  • Nyati Group
  • Supreme Infrastructure India Ltd.
  • Unity infra projects
  • Vascon Engineers Ltd.

Foreign Companies:

  • Arabian Construction Company
  • Leighton
  • Samsung Engineering

Power & Transmission EPC Companies

Indian Companies

  • BHEL
  • L&T
  • Tata Projects Ltd
  • BGR Energy
  • Gammon Indian
  • Gayatri Projects
  • Mcnally Bharat Engineering
  • Shriram EPC Ltd
  • Tecpro systems
  • EMC Ltd.
  • Jyoti Structures Ltd.
  • Hydropower transmission ltd.
  • GET Power
  • KEC International
  • JMC Project
  • Techno electric and engineering
  • Unitech transmission

Foreign Companies

  • Doosan Power Systems
  • Dongfang Electric Corporation
  • Harbin Power Engineering Co. Ltd.
  • ThyssenKrupp Industries India
  • Alstom T&D Limited
  • Alstom Projects India Limited
  • Mitsubishi Heavy Industries
  • Toshiba Thermal and Hydro Power Systems Company,
  • Ansaldo STS
  • Babcock & Wilcox

Solar EPC Companies

  • Sterling and Wilson
  • Loom Solar
  • Tata Power Solar
  • Mahindra Susten
  • Sunsure Energy
  • Fourth Partner Energy
  • Suryaday
  • Orb Energy
  • Vikram Solar
  • Renew Power
  • SB Energy
  • CleanMax Solar
  • Harsha-Abakus Solar
  • RelyOn Solar
  • MySun Solar
  • Ujaas Energy
  • Amplus Energy Solutions

Specialized EPC Companies

Indian Companies

  • Shriram EPC
  • Coastal projects
  • Navayuga Engineering Company Ltd.
  • Hindustan Construction Co. Ltd.
  • Patel Engineering Ltd.
  • Afcons Infrastructure Ltd.
  • Simplex Infrastructure Ltd.
  • McNally Bharat Engineering Co. Ltd.
  • Petron Engineering Construction Ltd.
  • Kalindee rail Nirman Construction Ltd.
  • AMR Construction ltd

Foreign Companies

  • ABB India Ltd.,
  • Uhde India Ltd.
  • Toyo Engineering India Ltd.
  • Continental Engineering Corporation
  • Marti India Private Ltd.
  • AG Group
  • Samsung Engineering
  • ITD Cementation India Ltd