C&C says it has qualified for road projects worth Rs20,000 crore
December 17, 2009
Infrastructure player C&C Constructions Ltd said on Thursday that it has cleared the technical qualification round for building several highway projects worth around Rs20,000 crore in the country. The company also said that it would focus on road projects in West Asia to increase revenues from international business.
"We have qualified for Rs20,000 crore worth of projects of the National Highways Authority of India (NHAI)," C&C Constructions chairman GS Johar told PTI.
He said about 25%-30% of all the projects that the company has qualified for are based on build-operate-transfer (BOT) annuity contracts.
Under the BOT annuity scheme, private developers get half-yearly payments from the government for building and maintaining roads.
Mr Johar said that the company plans to develop projects both as part of a consortium as well as on its own.
On expanding the firm's global business, he said, "We plan to increase the share of revenues from our international business to 25% from 15% currently." — Yogesh Sapkale