The Hindu Business Line : Ramky Environmental to expand globally

Ramky Environmental Engineering Ltd (REEL), part of the diversified Ramky Group, has decided to tap the overseas market in the niche areas of hazardous waste management and other related areas. The company has set up offices in Dubai and Singapore. While Dubai is expected to reach out to the markets in West Asia, Central Asia and North Africa, the Singapore office would concentrate on China, Vietnam and South Asia.

According to Mr A. Ayodhya Rami Reddy, Chairman of the Ramky Group of companies, the company would focus on hazardous waste management, biomedical waste treatment, municipal solid waste and electronic waste management.

BoT Model

The REEL follows the build operate and transfer (BoT) model for all its projects. The company has implemented/in progress a total of 42 projects in the country, spread across at least 9 States. Interestingly, the Company is headed by Mr Ravikanth, a 1985 West Bengal Cadre IAS officer who quit service.

REEL is expected to close the financial year 2006-07 with around Rs 200 crore turnover, while the Ramky Group — with diversified interests in infrastructure, waste management, real estate, environment related infrastructure — expects to log a turnover of Rs 1,000 crore, Mr Reddy told Business Line.

The confidence to go global has emerged from three factors. First, the high order book of Ramky Infrastructure Ltd, the flagship company with about Rs 5,000 crore as on date; secondly, REEL is in niche areas, where the early entrant with sound expertise can emerge a strong player; and thirdly, it is confident of attracting big technology companies to soon partner in bidding for huge projects, he explained.

Through REEL, Ramky Group has proposed to set up at least 5 electronic waste management centres in the country during 2007. While the first facility would come up at Hardware Park of Hyderabad, it would soon follow other cities such as Mumbai, Bangalore, Chennai, Kolkata and New Delhi, Mr Reddy said.

Complete Solution

REEL also plans to launch the `One up services', concept in the environment sector. Through this, the company would offer a complete solution to an industry to manage its wastes through an outsourced model. "We will invest, implement and manage it for the industry," he said.

Emerging technologies will be the other focus area for REEL under which renewables will be taken up.

More Stories on : Overseas Investments | Environment

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