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M. Somasekhar

Hyderabad , Nov. 9

THE Hyderabad-based Ramky Group has offered a joint venture stake to the multinational Vivendi Group's Onyx to participate in the management of the hazardous waste management projects in Mumbai and Hyderabad.

The 50:50 joint venture, in the final stages of completion, will bring in technical expertise and some funds into the project from Onyx, Mr Ayodhya Rami Reddy A., Chairman of Ramky Group, told Business Line.

Ramky Enviro, a group company, has already put up a Treatment Storage and Disposal Facility (TSDF), which employs various techniques to treat hazardous industrial wastes, generated by the industries and gives them a `safe' burial, in these two cities.

The arrangement is expected to be extended to several other projects that Ramky has taken up in other parts of the country. Onyx of France is well known in the area of waste management. "The tie-up is expected to bring in lot of value addition. Vivendi's, Onyx would have the first right of refusal," he said.

Ramky Enviro, specialising in environment related areas, is amongst the largest waste management companies in India. It has taken up at least eight projects for the construction of TSDF. These are coming up in Haldia in West Bengal, Gummudipundi in Tamil Nadu and Visakhapatnam in Andhra Pradesh.

Three projects in Kanpur, Ghaziabad and Muzaffarnagar in Uttar Pradesh; one each in Udaipur in Rajasthan and Indore in Madhya Pradesh are also close to completion. The relevant contracts have been signed with the State governments concerned and by end of December 2005, most of these projects will be ready for operation, he said.

The investments in the projects amount to Rs 40-50 crore each and have been designed with varying capacities to meet the hazardous waste demands of the local industrial units, he said.

The Ramky Group, with diversified interests in infrastructure, waste management, real estate, environment related infrastructure, expects a turnover of Rs 500 crore during fiscal 2005-06, Mr Reddy said.

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