TCL to double overseas operations

Thursday, 16 August 2007, 07:00 Hrs
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Kolkata: Tantia Constructions Ltd (TCL), one of India's leading civil and core infrastructure developing companies, is all set to double its international presence with 20 percent of its order book in the next three years accounting for overseas operations.

The company, headquartered in Kolkata, is targeting to increase its order book to 22 billion by 2008-09 from 15 billion in the current financial year.

"We already have a presence in the South-Asian Association for Regional Cooperation (SAARC) countries like Nepal, Bangladesh and Bhutan. We have completed several projects of coastal embankments, road infrastructure and bridges in the region," TCL vice president (corporate planning) Siddhartha Tantia told IANS in an interview.

"To increase global footprint in the infrastructure developing sector, now we are looking forward to more railway and road infrastructure projects in Bangladesh," he said.

"We will start bidding for the upcoming projects in Bangladesh to venture in a big way in the neighbouring country," Tantia said, adding that as of now TCL was not planning to enter any country outside the SAARC region.

TCL has also started foraying into domestic power transmission and aviation sectors. The company has already completed a 45-km, 220-kv transmission line in Assam and undertaken a 12-km, 33-kv transmission line at the upcoming Rajarhat Township in Kolkata.

"We are also going to complete the new airport terminal at Dibrugarh by the end of this calendar year. The mobilisation work for Cooch Behar terminal in north Bengal is under process as well. We are expecting to complete it in the next 12 months from now," company's director Shaleen Khemani said.

Commenting on the emerging opportunities in the civil aviation industry, he said the union government had indicated that India requires at least 400 non-metro airports to cater to the increasing air traffic.

According to the committee on infrastructure, chaired by the prime minister, an estimated investment of $9 billion will be chipped in for airport development between 2006 and 2013.

"We are very optimistic to capitalise on the potential of civil aviation infrastructure and the investments that are coming in this sector," he said, adding that power transmission and aviation sectors contribute only 10 percent of the company's total business.

"We are expecting a very significant growth both in aviation and power sectors by the next fiscal," Khemani said.

TCL expects a 3.7 billion turnover in the current financial year and is also targeting revenues of 8 billion by 2010, with 50 percent year on year growth in the business.

Almost 42 percent of the company's total revenue comes from road infrastructure projects while urban development contributes 25 percent.
Source: IANS
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