ETL Infrastructure Services Ltd, Chennai, Tamil Nadu, is developing several projects in the south at an estimated cost of Rs 14,262 crore.
"We have plans to execute nearly nine projects in Chennai, Erode, Chengalpet, Madurai and Coimbatore in Tamil Nadu, Cochin in Kerala, and Bangalore in Karnataka," says K. Sriram, Head - Finance, ETL.
According to Sriram, the two major projects, one in Cochin and the other in Bangalore, entail an investment of Rs 10,221 crore and Rs 1,670 crore respectively.
The Cochin project will be a leisure township comprising residential, educational, health and hospitality developments spanning 1,000 acres with a waterfront. Work has started and will be complete by the end of 2008.
The Bangalore DRC/IT park entails the development of the first private disaster recovery centre, IT park and apartments, spanning an area of 66 acres and located three km from the new international airport at Devanahalli. The centre will come up on 5.75 million sq. ft built-up area and will be one of the most secured buildings in the subcontinent. It will also include world-class social infrastructure like healthcare, clubs, bars, restaurants, health clubs, tennis and squash courts, swimming pools, and convenience stores. Work on this project will commence from November this year and complete by mid-2009.
Also on the cards is the Perundurai-Textile special economic zone, a textile park and commercial space for a power project that requires about 258 acres in Perundurai in Erode. The textile SEZ is estimated to cost Rs 855 crore and will come up on 6.3 million sq. ft built-up area. Work on the SEZ will start from October this year and complete within 14 months. The project will offer industrial, commercial and residential plots.
The company will set up a captive power plant of 18 mw in two phases of 9 mw each, which will be used for the company's captive use, said Sriram.
The company's upcoming SEZ in Chengalpet will serve residential, commercial, educational, health and hospitality needs with a golf course spanning 252 acres. This project will cost around Rs 897 crore. Work is expected to complete by the end of 2008. The project will also house India's first factory outlet mall of one million sq. ft and a golf resort.
Chennai One, an IT/ITES special economic zone that houses one of the largest gold-rated green buildings, is situated in the heart of the IT corridor of Chennai city. The company will develop phase-II of this project on about 2.4 million sq. ft that will include service apartments at a cost of Rs 358 crore. Construction work will start in October and take 15 months to complete.
Similarly, the IT park and retail mall with service apartments in Coimbatore are coming up on a built-up area of 1.5 sq. ft, entailing an investment of Rs 198 crore, and will be ready by end-2008.
Sriram said the company had planned to develop Heritage Hotel in Madurai along with a retail mall on 0.3 million sq. ft built-up area. Work on the Rs 62-crore project is expected to commence in March 2008 and take a year to complete.
ETL has acquired land and necessary clearances for the above projects.