The Hindu Business Line : CCCL sets up infrastructure unit to meet demand

Specific targets
Currently, the company is involved in terminal construction projects in airports at Tiruchi, Thiruvananthapuram, Mangalore and Dehradun.
Focus to be on airports, seaports, railway, water and environment, and power.

R. Balaji

Chennai, March 8 Industrial and infrastructure segments in construction are set to grow; and Consolidated Construction Consortium Ltd (CCCL) is gearing up to meet this demand through a separate division, infrastructure construction division, according to the company’s Chairman and Chief Executive Officer, Mr R. Sarabeswar.

As of now, industrial construction contributes about 12 per cent of the CCCL’s business and infrastructure about 15 per cent and both these are set to grow. Construction of factory buildings and IT spaces are among its major segments. CCCL is a Rs 855-crore company with a presence across India.

Rise in investments

The growth in construction work for industry is a manifestation of the increase in investments in specific sectors such as automobiles and automobile components, electronics and emerging sectors in knowledge-based industries such as biotechnology.

Mr Sarabeswar believes that focus on infrastructure is bound to grow in India and CCCL as a construction player in infrastructure would benefit with a dedicated team for infrastructure. The company’s infrastructure construction division will focus on five areas, airports, seaports, railway, water and environment, and power.

Current projects

CCCL is currently involved in terminal construction projects in airports at Tiruchi, Thiruvananthapuram, Mangalore and Dehradun.

In February alone, the company received orders for Rs 28-crore power plant construction in Chennai and a Rs 26-crore captive power plant in Bilaspur, as a part of total orders worth over Rs 175 crore.

The company has over Rs 2,283 crore worth of orders totally as on February 29.

Growth in industry, in turn, is also driving the hospitality industry. CCCL has a clutch of hospitality projects belonging to market leaders such as the Marriot and Hyatt both of which are coming up in Chennai.

Smaller towns are also witnessing this growth, with CCCL working on three contracts in Puducherry, he said.

Residential segment

CCCL has a relatively smaller presence in the residential segment in construction work for developers. But CCCL is bound to see some expansion because of the technical skills available with it, Mr Sarabeswar said.

CCCL is now working on a Rs 100-crore order for a residential project of six blocks of 20 floors each. CCCL is using an aluminium form work system where even the wall are made of reinforced concrete – no bricks and mortar used, which is big advantage in these days of labour shortage. Construction is also quicker, Mr Sarabeswar said.

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