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C&C Constructions to mop up Rs 400-500 crore through stake sale

15 Dec 2011 Evaluate

Leading infrastructure company C&C Constructions is planning to raise about Rs 400-500 crore through sale of 30% stake in one of its subsidiaries, C&C Projects. The company is in talks with various private equity players for the stake sale. C&C Projects, the 100% owned subsidiary of the C&C Constructions is engaged in road and highways sector projects.

Recently, C&C Constructions announced that it is planning to invest about Rs 1,000 crore over the period of next two to three years in power transmission and highway projects. The Gurgaon-based infrastructure company is currently executing five national highway projects, two urban infrastructure projects and one power transmission work.

Primarily into the road and highways construction, the company has also expanded into power transmission, rail freight corridor and urban infrastructure projects in the recent years. The company is sitting on an order book of about Rs 5,400 crore.

This includes orders for laying power transmission networks in various parts of the country, construction of an Inter-state Bus Terminal at Mohali and works of about Rs 780 crore of the rail freight corridors.

C&C Constructions Share Price

2.36 0.00 (0.00%)
27-Oct-2022 18:59 View Price Chart
Peers
Company Name CMP
Larsen & Toubro 4100.20
Rail Vikas Nigam 296.45
NCC 166.15
KEC International 579.50
Kalpataru Projects 1291.00
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