Today's Top StoriesIndian Consolidated-Construction-to-focus-on-infrastructure-projects News

 

Consolidated Construction to focus on infrastructure projects

BUS35Business/NationalConsolidated Construction to focus on infrastructure projectsChennai, Oct 7 IANS The city-based Rs.14.85-billion Consolidated Construction Consortium CCC is focusing on the infrastructure sector for accelerated growth, said a top company official. "We are planning to bid for the balance of plant BOP - equipment other than turbine, generator and civil construction works projects in the power sector. Similarly, we will be bidding for the construction and operation of greenfield airport in Tuticorin," company chairman and CEO R. Sarabeswar told reporters here Tuesday. The sectors CCC is looking at include airports, sea ports, power, water treatment and heavy civil constructions.The company's confidence stems from bagging a Rs.12.12-billion order from the Airports Authority of India AAI for development of domestic terminal phase II and expansion of an international terminal in Chennai, as well as giving a facelift to both terminals. Additionally, CCC has won a Rs.680-million order for construction of cargo complex in Chennai. Consolidated Construction has also bagged a Rs.950-million order for tiling work at the North Madras Thermal Power expansion project from Bharat Heavy Electricals Ltd. "We have got a shipyard consultancy project in Cuddalore, and are bidding for construction of steel and cement plants," said K. Manivannan, president of CCC's infrastructure construction division. The company will close the current fiscal with an order book position of Rs.42.5 billion. Dwelling on the Chennai airport projects - CCC's first four-figure contract order - Manivannan said: "The floor area for the new domestic terminal will be 74,500 square metres, which includes multi-level car parking 2,600 cars, surface car park, and a kilometre-long elevated way for passengers." The international terminal will have a floor area of 65,000 square metres, with facilities similar to those in the domestic terminal. The two new terminals will be linked with the existing terminals and the total passenger handling capacity will be 16 million per year, said Manivannan. He said the operating profit margin OPM for such projects will be around 4 percent. The company will have to construct the two terminals within 26 months from the date of receipt of cotract award from the AAI. "This is not a fixed price contract as it has escalation clause with regard to materials like cement, steel and also labour," Manivannan said. --Indo-Asian News Servicevj/ank/vt423 Words07101845