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Chennai: The Consolidated
Construction Consortium Ltd (CCCL), a Chennai-based company
specialising in the building and factory segment of the
construction industry, hopes to get into infrastructure
projects over the next two or three years.
It has done a couple of infrastructure projects such as
railway bridges, but this segment's contribution to the
company's turnover is not significant now, according to
company officials.
However, over the next two to three years, CCCL plans to
focus on infrastructure projects especially power plants so
that infrastructure contributes 50 per cent of the turnover
and building and factory segment the balance 50 per cent,
according to R. Sarabeswar, Chairman and CEO, CCCL.
The company ended 2004-05 with a turnover of Rs 306.17 crore,
a 92 per cent increase over Rs 159.60 crore it earned in the
previous year. This financial year, CCCL is confident of
touching Rs 450 crore and has targeted to cross the Rs
1,000-crore turnover mark by 2010. The company is confident
of reaching this figure in the next three years, after which
it will consider going public to fund its further expansion.
CCCL has been active in constructing information technology
parks, with most of the clients such as Infosys giving repeat
orders. This financial year, the company hopes to do about
120 projects, covering about 12 million sq ft totally. "We
are capable of completing 1.5 million sq ft in 21 days and
that gives us the confidence that we will comfortably achieve
our target," Sarabeswar said.
Of the 85 lakh sq ft of space sanctioned for the IT industry
in Chennai alone, CCCL is constructing about 40 lakh sq ft,
according to S. Sivaramakrishnan, Managing Director.
Apart from construction, CCCL also takes up projects on
turnkey basis according to Sarabeswar. It has done a few
factory buildings on this basis in and around Chennai.
CCCL has tied up with Majid Construction LLC for a joint
venture company to take up construction jobs in West Asia.
The joint venture company - MJCC - has obtained its first
order valued at $100,000 in Dubai and hopes to tap the
booming construction market in West Asia . It will expand its
presence in India to the west and eastern regions, apart from
being present in the north.
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