InfraPulse

MONTHLY INTELLIGENCE REPORT — APRIL 2026

Rs.6.86 Cr

APR '25 REVENUE

+16.5%

APRIL YoY

+50.7%

Q1 FY25 GROWTH

April '24 vs April '25 — Revenue by category

APRIL 2024

Rs.5.89

Total revenue (Cr)

Road Safety

4.76

Metals

0.85

VS

+16.5%

Apr growth

APRIL 2025

Rs.6.86

Total revenue (Cr)

Road Safety

3.20-33%

Metals

2.05+141%

Electricals

0.74SCALED

Solar

0.71NEW

Four pillars — diversified!

☀️

Solar introduced in April '25 — our newest category. Electricals scaled significantly. Together, Renewables added Rs.1.45 Cr fresh revenue.

ROAD SAFETY

4.76 → 3.20

-32.8%

METALS

0.85 → 2.05

+141%

ELECTRICALS

0 → 0.74

SCALED UP

SOLAR

0 → 0.71

INTRODUCED

April '24 vs April '25 — Gross margin

APR '24 MARGIN

Rs.0.23 Cr

3.9% of revenue

→

+3.4%

APR '25 MARGIN

Rs.0.24 Cr

3.5% of revenue

ROAD SAFETY

'24

0.14

'25

0.11

-21.2%

METALS

'24

0.03

'25

0.06

+100%

RENEWABLES

'24

—

'25

0.06

FIRST MARGIN

Q1 FY2024 vs Q1 FY2025 — Quarterly performance

Q1 FY2024 (Apr–Jun)

Rs.19.34

2 active categories

VS

+50.7%

Q1 FY2025 (Apr–Jun)

Rs.29.14

4+ active categories

Q1 FY24 Q1 FY25

ROAD SAFETY

11.14 → 14.79

+32.8%

METALS

6.26 → 7.74

+23.6%

RENEWABLES

0 → 2.04

INTRODUCED

April '26 market intel

ELECTION FREEZE — 5 STATES

STATEPOLL DATE

West BengalApr 23 & 29

Tamil NaduApr 23

KeralaApr 9

AssamApr 9

PuducherryApr 9

~40% of state capex frozen — pivot to central

CENTRAL ACCELERATOR

Rs. 12.2 Trillion Capex (+11.4% YoY)

🛣️

NHAI expressways

Rs.57 Cr+ pipeline

🚂

Vande Bharat 7 corridors

Electricals + signaling

☀️

Solar tax holidays

Battery storage incentives

📋

300+ live tenders

NH-27 Bihar closes soon

April '26 focus — solar domination

Our solar research progress

PM Surya Ghar Yojana

90%✅

PM Kusum network

100%✅

State solar policies

100%✅

BESS research

80%✅

Copper alternatives

85%✅

POLICY TAILWINDS

☀️Solar tax holidays active

🔋Energy storage incentives

⚡NHAI single-window clearance

🚂Vande Bharat ancillaries

USA–ISRAEL WAR → LPG Crisis: Construction Impact

Middle East supply chain alert · April 2026

+22%

LPG price spike

Steel / TMT / Barriers — Critical

LPG Rs.1,200 → Rs.1,500/cyl · Red Sea reroutes

Annealing furnaces: 40% fuel short → TMT -25%

Galvanizing gas cost 2× → margins -10–15%

Small mills (70% TMT supply): night shifts halted

Biomass / Briquette — Opportunity

Brick kilns switching LPG → Biomass: +20% demand

Factory canteens Tier-2/3: briquette burners up

Construction camp kitchens: bulk orders +18%

Industrial allocation cut 35% → biomass fills gap

Solar Assembly — Supply Hit

Lamination ovens (EVA): LPG short → -15% output

Rooftop installation: gas rationing → delays

Soldering stations: flux slowed 10–12 days

NHAI Projects — Execution Delays

Bitumen heating plants: 30% capacity cut

Crash barrier install: torch rationing → 7–10 days

US sanctions on Iran LPG · 4–6 week shipping delays

APRIL '26 ACTION CHECKLIST

✓

NHAI 300+ bids — NH-27 Bihar closes soonURGENT

✓

Solar scale-up — Rajasthan + Jharkhand 40MWURGENT

✓

Central pivot — NHAI + Railways focus till MayHIGH

✓

BESS contracts — technology shortlist readyHIGH

✓

Vande Bharat electricals — all 7 corridorsPIPELINE

✓

Copper alternatives — domestic sourcing lockedPIPELINE

Click each item to mark deployed

April '26 = Solar-first. Rs. 300 Cr FY26 target.

InfraPulse · Monthly Intelligence Report

BREAKING

PM Surya Ghar: 90% vendor outreach complete PM Kusum suppliers locked 5-state election freeze — NHAI solar pipeline activated State solar policies mapped BESS technology shortlist ready LPG +22% — Biomass demand surge +20% TMT output -25% due to LPG shortage 300+ NHAI tenders live — NH-27 Bihar closes soon Rs. 300 Cr FY26 target on track

🪨CRASH CARTERStill leads

💪TMT TITAN+141% Apr

☀️SOLAR SAMMYApr '26 focus

⚡ELECTRO EDDIEScaled up

ProductForge

HEADSUP B2B — PRODUCT LEARNING SYSTEM

0

Infra Fence Expo

SECURITY · PERIMETER

9 vendors mapped

✓ DONE

AceTech

CONSTRUCTION TECH

13 manufacturers

UPCOMING

16APR

Bharat Steel

Bharat Mandapam, New Delhi

STEEL

29APR

Bharat Buildcon

Yashobhoomi, New Delhi

BUILD

08MAY

Bioenergy & Biomaterial Summit

Yashobhoomi, New Delhi

ENERGY

25JUN

India Warehousing Show

Yashobhoomi, New Delhi

LOGISTICS

10SEP

Airport Expo

Yashobhoomi, New Delhi

AVIATION

PRODUCTS

🏗️ BUILDING MATERIALS

TMT Bars Cement Ready Mix Steel

🏭 AUTOMATION

SCADA PLC Sensors

☀️ SOLAR

Solar Panels Inverters Batteries

🤝 FIELD INTEL

▸FRP demand rising — renewables, refineries, coastal infra

▸Concertina wire driving ₹5–6 Cr revenue for specialists

▸Smart perimeter (80km fibre) gaining at airports

▸Key clients: L&T, TATA, NHAI, BRO, Indian Army

▸Gabion demand peaks post-monsoon — pitch window Aug–Oct

BuildBoard

HEADSUP B2B — INTELLIGENCE HUB · NHAI · INFRASTRUCTURE · SOLAR

0

PROJECTS

0

₹ CR TOTAL

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