| Ramky Group with interests in waste management, environmental consulting, real estate development and emerging technologies services is eyeing a turnover of Rs 4,000 crore by the end of 2010.
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| "The group posted a turnover of over Rs 1,000 crore in 2006-07 out of which Ramky Infrastructure Limited, the flagship company of the group contributed Rs 716 crore. The CAGR (compounded annual growth rate) of the group's turnover has been 63 per cent and we expect that to go up significantly in the next two to three years", A A Rami Reddy, chairman of the group, said.
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| Asked about the company's plan for developing a 2,500-acre special economic zone (SEZ) in Haldia, Reddy said, "Haldia Development Authority (HDA) has alloted us 250-acre to develop an industrial park in the first phase of the project which will be commissioned within eighteen months."
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| According to the MoU (memorandum of understanding) signed between Ramky Infrastructure and HDA, a special purpose vehicle (SPV) was to be incorporated for the Haldia SEZ in which Ramky Infrastructure would have 89 per cent interest while HDA was to hold the remaining 11 per cent interest.
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| However, no SPV has been incorporated so far for the Haldia SEZ. Reddy declined to comment on the issue but indicated that HDA will offer land to the company in tranches depending on the progress of the work.
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| Ramky Infrastructure is eager to take up water management and road construction projects in west Asia.
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| The company has formed its fully owned subsidiary called Ramky Engineering and Consulting Services FZC in the UAE.
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| At present, the order book of Ramky Infrastructure stands at Rs 4,500 crore and the company expects to execute its different projects within two to three years.
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| Ramky Infrastructure bagged orders worth Rs 446 crore during October-December 2007. |
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