MUMBAI, INDIA – Infrastructure development firm C&C Constructions of India plans to diversify into construction of power transmission towers as a part of its future growth plan.
The company is a major player in road-building and water pipelines with over Rs 2,100 crore worth of projects under execution at present.
“Building power transmission towers will be another vertical in the infrastructure segment for us. It is a high-growth segment and we have big plans here,” C&C Constructions Chairman G S Johar told PTI here.
The company has already entered the segment in a small way by bidding for around half-a-dozen projects, Johar said.
Another new area for the company would be building parking lots in metros and “we will bid for these projects on a BoT basis”, he said.
C&C is eyeing a Rs 1,500-crore turnover by FY’10. “Our turnover in FY’08 (June 30, 2008) was Rs 538 crore. We hope to touch Rs 850 crore in June 2009 and Rs 1,500 crore in FY’10,” Johar said.
The company has already built 600 kilometres of roads in Afghanistan and a by-pass in Assam. It has also built runways at Amritsar and Port Blair airports.
“We have now bid for constructing the Afghanistan Parliament building, the project cost of which is around USD 130-million,” Johar said, adding “the Indian Government has cleared our proposal”.
This will be built in a joint venture with Hyderabad- based BSCPL Infrastructure Ltd, he said.
Apart from the Afghan Parliament, C&C has on hand a dedicated freight corridor project in Bihar worth Rs 800 crore and a USD 100 million road-building project in Ethiopia. “We have eight projects under execution in Bihar, two in Himachal Pradesh and three in Punjab,” Johar said.
The company will be completing 40 per cent of its business in the next one year. “Besides, we have Rs 1,200 crore of orders in the pipeline,” he said.
C&C recently won a Rs 963 crore order for improvement and upgradation of state highway roads from the Bihar Government. These orders have to be executed over an average period of 33-months and have been funded by the Asian Development Bank, Johar said.