CCCL Infrastructure Ltd, a subsidiary of Consolidated Construction Consortium Ltd, plans to set up a special economic zone for food processing in Tuticorin in Tamil Nadu. Announcing the project in Chennai recently, R. Sarbeswar, Chairman and CEO, CCCL told newspersons that the SEZ had been officially notified by the Central government gazette on April 23, 2009. The company had acquired 522 acres for the project and work was set to commence on 283 acres, he explained.
T.R. Seetharaman, Chief Financial Officer, CCCL Infrastructure, told Projectmonitor that the SEZ project was being undertaken with an outlay of Rs 500 crore.
Sarbeswar disclosed that Rs 9 crore has been already invested in promoting the SEZ and an additional Rs 50 crore would be spent on the project within the next two years. Twelve companies, including a European company, had already shown interest in setting up units in the SEZ that would cater to export of fish, dry fruits, mangoes etc., he said. The company is hoping to sign agreements with one or two companies within the next three months. The company is talking to Tamil Nadu Electricity Board for power supply to the proposed SEZ.
Sitting pretty on Rs 3,322-crore worth of orders, CCCL, an integrated construction services provider, is executing projects in various sectors, it has a foothold in infrastructure (43 per cent), commercial (40 per cent), industrial space (14 per cent) and residential (2 per cent).
Sarbeswar said that CCCL was hopeful of achieving 25 per cent growth in order execution within the 16-17 months. According to him, the company had bid for the Kolkata and Chennai international airport projects in consortium with international players. However, it won the bid only for the redevelopment of Chennai domestic and international airports.
Thus, work on the Kamaraj domestic terminal is on fast track while expansion work at the Anna international terminal, halted for unforeseen reasons, recommenced from the first week of this month. The Chennai airport project, which is being upgraded in joint venture with Herve Pomerleau International of Canada, would be bigger than the new Bangalore airport, Sarbeswar said.
T.R. Seetharaman said that the company had 110 projects in hand including a civil contract from Delhi Jal Board where its project share was worth Rs 48 crore. CCCL had also completed two IT projects for TCS and Infosys in Bhubaneswar while another project for Airtel was under way.