State-of-the-art heavy modular manufacturing and assembly plant to be established in Andhra Pradesh with a proposed investment of $100 million
GOA, India, January 31, 2026 /PRNewswire/ — Energy Week in India : In a significant boost to India’s industrial infrastructure, AG&P Industrial (Atlantic, Gulf and Pacific Company of Manila, Incorporated), a wholly owned subsidiary of AG&P International Holdings Pte. Ltd., Singapore, and a global pioneer in modular construction and Modstruction™ technology for seven decades, has entered into a Memorandum of Understanding (MoU) with Pragati Infra Solutions Pvt. Ltd. (PISL), one of India’s leading EPC and infrastructure development companies, renowned for its strong execution capabilities, for setting up the country’s first advanced modular EPC and manufacturing plant in Andhra Pradesh.
This strategic partnership aims to create a long-term joint venture in India, focused on the development of advanced manufacturing sites, modular EPC (engineering, procurement and construction) infrastructure and localized manufacturing for the oil and gas, LNG and energy transition sectors.
This partnership leverages over 70 years of AG&P Industrial’s global leadership in full asset lifecycle EPFCIC (engineering, procurement, manufacturing, construction, installation and commissioning) services, as well as Pragati Infra Solutions’ deep expertise and execution capabilities in industrial infrastructure, renewable energy and large-scale project development across India.
The MoU was signed in the presence of Mr. Atul Gupta, Chairman and Managing Director Designate, Engineers India Limited during India Energy Week 2026 – India’s premier global energy hub.
AG&P Industrial and PISL will each hold a 50 percent stake in the proposed joint venture, which involves an investment of $100 million. The facility is expected to be completed by 2027.
Ms. Anupam Ahuja, President, Strategy and Corporate Development, AG&P Global, said, “We are delighted to embark on a long-term partnership with PISL and proud to contribute to India’s dynamic growth. Our collaboration reflects India’s transition from traditional, labor-intensive construction to industrialized, productivity-driven delivery models. the scalability to realize integrated, modular and future-ready infrastructure solutions for India’s growing energy, power, digital, industrial and oil & gas sectors.
Mr. Shubhendra Mittal, Managing Director, PISL, said, “Together, PISL and AG&P intend to develop a world-class manufacturing and modularization yard in India, aligned with national priorities such as import substitution, energy security and industrial self-reliance. Our platform is designed to closely support leading EPC players in upstream, midstream, downstream and gas infrastructure projects, while strengthening domestic manufacturing capabilities. philosophy to maximize production and bring world-leading EPC and manufacturing capabilities to India.
The collaboration is poised to support the next phase of India’s infrastructure, energy and industrial development, and is aligned with the country’s national productivity and digitalization agenda, while delivering on the Government of India’s vision to accelerate infrastructure and industrial growth, attract foreign direct investment, and build a globally competitive manufacturing ecosystem under the ‘Make in India, Make for the World’ initiative.
About AG&P Industriel
A subsidiary of AG&P Group, AG&P Industrial, Manila is a leading diversified provider of EPFCIC (engineering, procurement, manufacturing, construction, installation and commissioning) services covering the entire life cycle of assets, infrastructure development and operation and maintenance services. With a strong track record of delivering award-winning projects around the world, including LNG terminals, refineries and complex processing units, AG&P Industrial is known for its modular construction expertise and proprietary Modstruction™ methodology, enabling it to build large project segments and complex process modules in a controlled environment with the highest standards of safety and quality. For more information, visit www.agp-industrial.com
About PISL
Pragati Infra Solutions Private Limited (PISL), part of the Pragati Group, is a leading construction company specializing in EPC services for in-house projects and as a trusted contractor for multinational corporations and high net worth individuals. With over 16 years of industry experience and a strong ethical foundation, PISL has successfully completed projects across millions of square meters in sectors such as copper smelting, food processing, radial wire manufacturing, automobile, heavy engineering, MSME, chemicals, logistics and warehousing, etc. For more information, visit https://pislinfra.com/.
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