Ramky Infra to invest Rs 1,000 cr in 3-yrs

Hyderabad-based construction company Ramky Infrastructure has earmarked capex of Rs 1,000 crore across business segments over the next three-years, a top company executive said.

"We plan to invest Rs 1,000-crore over the next three years. This will be over and above the Rs 400 crore, which we have already invested," Ramky Group Executive Director M Goutham Reddy told PTI here.

The company is at present involved in five industrial projects, five road projects, three integrated and one transport terminal, he said.

Ramky Infrastructure, which has a stand-alone revenue of Rs 2,000 crore in the last fiscal, eyes a 50 per cent growth this fiscal, he said.

"We had a stand-alone growth of 50 per cent in revenue during 2009-10 at Rs 2,000 crore and are expecting a similar growth this fiscal as well," he added.

The firm is planning to set up three captive power plants with a capacity of 600 MW at an investment of about Rs 3,000 crore over a period of five years to suffice the company's own needs, he said.

"Of this 300 MW captive power plant will be located in our industrial park in Vizag and 300 MW in the industrial parks in Chhattishgarh and Maharashtra," he said.

The company has a closing order-book of Rs 11,600 crore in the first-half of this fiscal, he said.

"We are also exploring the water and waste water sector," he said.

Besides, Ramky Infrastructure's fully owned subsidiary Ramky Engineering and Consulting Services (FZC), Sharjah, has commenced work on the Gabon Special Economic Zone (GSEZ) in the capital city of Libreville, Gabon, West Africa.

The project, worth Rs 380-crore, is a turnkey contract for the design, engineering, procurement and construction of the 1,000-acre Gabon Special Economic Zone, Reddy said.

"We are also exploring opportunities in Gabon and Ethiopia," he said.

Ramky Infrastructure reported a 58 per cent growth in revenue at Rs 506.22 crore for the quarter ended September 30, compared to Rs 320.87 crore in the same period last year.