C&C Constructions to diversify into power transmission towers

Infrastructure development firm C&C Constructions plans to diversify into construction of power transmission towers as a part of its future growth plan.

At present, the company is a major player in road-building and water pipelines with over Rs 2,100 crore worth of projects under execution.

"Building power transmission towers will be another vertical in the infrastructure segment for us. It is a high-growth segment and we have big plans here," C&C Constructions Chairman G S Johar told PTI here.

The company has already entered the segment in a small way by bidding for around half-a-dozen projects, Johar said.

Another new area for the company would be building parking lots in metros and "we will bid for these projects on a BoT basis", he said.

C&C is eyeing a Rs 1,500-crore turnover by FY10. "Our turnover in FY08 (June 30, 2008) was Rs 538 crore. We hope to touch Rs 850 crore in June 2009 and Rs 1,500 crore in FY10," Johar said.

The company has already built 600 kilometres of roads in Afghanistan and a by-pass in Assam. It has also built runways at Amritsar and Port Blair airports.

"We have now bid for constructing the Afghanistan Parliament building, the project cost of which is around $130 million," Johar said, adding "the Indian government has cleared our proposal".

This will be built in a joint venture with Hyderabad-based BSCPL Infrastructure, he said.