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C&C Constructions plans to invest about Rs 1,000 crore in power transmission and highway projects

13 Dec 2011 Evaluate

C&C Constructions plans to invest about Rs 1,000 crore in power transmission and highway projects over the next two to three years. The Gurgaon-based company is executing five national highway projects, two urban infrastructure projects and one power transmission work. The company is in talks with various institutions to raise about Rs 400-500 crore through private equity. The company has tied up with banks for Rs 180 crore and will infuse another Rs 100 crore through internal resources. The company has already invested Rs 200 crore in the projects. The company expects a cash flow of Rs 300 crore every year once the projects are completed.

C&C Constructions is also planning to acquire a 70-100 mw hydel power plant in Himachal Pradesh for about Rs 500 crore. The company's current market debt is about Rs 1,000 crore. It had a turnover of Rs 1,200 crore in 2010-11, 70 % of which was contributed by the roads sector. C&C Constructions' order book stands at Rs 5,400 crore.

C&C Constructions Share Price

2.36 0.00 (0.00%)
27-Oct-2022 18:59 View Price Chart
Peers
Company Name CMP
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Rail Vikas Nigam 305.00
NCC 169.85
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