Chennai-based construction company Consolidated Construction Consortium Limited (CCCL) is planning to enter logistics support and strengthen its urban infrastructure portfolio.

“We are bidding for PPP projects for road development in Kerala and Goa and also for civil activities in the Chennai Metro project. These will be executed through our subsidiary CCCL Infrastructure Limited,” R Sarabreswar, chairman and chief executive officer, CCCL, said.

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The company has seen a decline in orders for commercial projects, more so from the IT companies. Construction activities related to IT companies constitute only around 20 per cent of the company’s current order book of Rs 4,100 crore. This made the company focus on greener pastures.

Around 45 per cent of the current order book constitutes of government projects. According to Seetharaman, chief financial officer, CCCL, the operating margins for infrastructure projects are in the range of 14-15 per cent. But the return on capital sustains the growth in the revenues.

The company also plans to raise money through investors for the development of its special economic zone in Tuticorin, the first phase of which will be completed in six months. “We will raise money from the market when we achieve a turnover of Rs 4,000 crore. Till then, we are comfortable with liquidity and are also debt free,” Seetharaman added.

CCCL is executing projects worth around Rs 419 crore in the Delhi-National Capital Region in view of the 2010 Commonwealth Games.

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