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N. Ramakrishnan

Chennai , June 12

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 Mr 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," Mr 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 Mr S. Sivaramakrishnan, Managing Director.

Apart from construction, CCCL also takes up projects on turnkey basis according to Mr 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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