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BL Research Bureau

Consolidated Construction Consortium has further strengthened its position in airport infrastructure with the recent bagging of the Rs 1,212-crore Chennai airport project. The order, awarded by the Airport Authority of India, is the largest airport order for the company and is a clear move towards moving to larger ticket size.

The project was jointly bid by CCC and Canadian infrastructure company Pomerleau International. While CCC would be the key implementation partner, the Canadian company’s strong experience has supported the bid in terms of technical qualification; the tie-up could have provided an edge for CCC as very few companies had qualified for the bid. The project also highlights CCC’s bidding capabilities as the company emerged as the L1 bidder under tough competition from Larsen & Toubro.

The scope of job would include construction of terminals, bridge and sub-station. CCC would also execute the electrification work for the project; such integration with lesser sub-contracting is suggestive of higher margins as against pure civil structuring. The newly bagged project would have escalation clauses for raw material hikes.

CCC is already an active participant in the airport expansion projects in small non-metros such as Mangalore, Trichy and Dehradun. The current project could well qualify the company for key expansion plans in emerging metro cities as well.

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