The Hindu Business Line : Ramky group turnover touches Rs 1,000 cr

Hyderabad May 25 Ramky Group, with interests in infrastructure, realty, waste management etc. has crossed Rs 1,000-crore turnover at the end of the financial year 2006-07.

Ramky Infrastructure Ltd, the flagship company of the Group, alone has achieved a turnover of Rs 710 crore. A target of Rs 1,100 crore has been set for the company in 2007-08, according to Mr A. Ayodhya Rami Reddy, Group Chairman.

With a growth rate of 35-40 per cent in the last few years, the Hyderabad-based company, which had a turnover of Rs 650 crore at the end of fiscal 2005-06, is setting its eyes on a target of Rs 1,700 crore for the current fiscal.

BOT projects

Ramky Infrastructure, which specialises in BOT (build, operate, transfer) projects, has more than Rs 400-crore worth project orders on hand, he told Business Line.

The Group is actively considering hiving off Ramky Infra Consulting Pvt Ltd. The company is in discussion with both Indian and foreign firms at the moment, Mr Reddy said without giving details.

During 2006-07, the company launched its global operations with offices in Dubai and Singapore to access the growing and lucrative markets in West Asia, South Asia and China in the long term. It has added Ivory Coast, with a firm proposal to set up an Integrated Waste Management Project in that country. The company has submitted the detailed feasibility report to the Government there, he said.

Focus on biofuels

The company is also planning to enter into the biofuels area with an eye on production of ethanol from wastes. Efforts are on to take up cultivation of crops such as Jatropa and Pongamia which have shown promise in the production of bio-diesel.

Since Ramky Enviro Engineers Ltd, a focused Group company, has developed expertise in waste management and also in power sector, expanding into renewable energy could be a good option, Mr Reddy said.

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Ramky group turnover touches Rs 1,000 cr