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| C&C Constructions targets $1200 mn overseas projects |
| Press Trust of India / New Delhi Jun 24, 2010, 17:54 IST |
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Infrastructure player C&C Constructions today said it was planning bids for projects worth $1200 million (Rs 5,595 crore) in Oman, Kuwait and Afghanistan to enhance its overseas presence.
C&C, which is currently executing projects of over Rs 3,000 crore in India and Afghanistan, will make the bids in partnership with Spanish firm, Isolux Corsan.
"We plan to tap huge infrastructure space overseas. We are going to bid for three projects worth $400 million (about Rs 1,400 crore) each in Oman, Kuwait and Afghanistan," Chairman C&C Constructions JS Johar told PTI.
The domestic firm had entered a pact with the Spanish company last month to jointly execute overseas infrastructure contracts, exceeding Rs 500 crore, in building roads,airports, specialised buildings and hospitals.
At present, the company is executing projects worth Rs 3,200 crore projects, 11 per cent of which is based in Afghanistan while the rest comes from India.
Afghan Parliament work order is one of the prime contracts the company is executing in Afghanistan.
"The Afghan Parliament work order was given to the company by the Central Public Works Department (CPWD), Government of India which is helping the war-torn country strengthen its infrastructure, Johar said.
The chairman of C&C Construction that provides engineering, procurement and construction services for infrastructure projects, said the company will also retain its focus on building domestic infrastructure, specially in the highways and roads sector.
C&C Construction is developing road projects worth Rs 1,500 crore in Bihar, three road projects, including Yamuna Expressway contract in UP and six parking lots in Delhi to accommodate up to 300 vehicles each in preparation of the upcoming Commonwealth Games.
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