Rs 2,600 cr worth projects in CCCL pipeline
BS Reporter / Chennai
Chennai-based Consolidated Construction Consortium(CCCL) today said that its has projects worth Rs 2,600 crore in the pipeline with a majority of these expected to be executed in the current financial year. The company has tied up with Dubai-based Innotech Construction LLC to increase execution of cross-border contracts.
For the financial year 2007-08, CCCL has reported a turnover of Rs 1477.23 crore, an increase of 71 per cent over the previous year's turnover of Rs 863.34 crore. Profit after tax for the year increased by 86 per cent to Rs 88.89 crore in 2007-08.
The company's board has approved a dividend of 25 per cent. CCCL has been listed since last year.
The company further said that, through a subsidiary, a food processing SEZ is being set up in Tuticorin in Tamil Nadu with an investment of Rs 300 crore. The company is also bidding for building and renovating international airports in Kolkata and Chennai.
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