The company, which has technical support from Russia's Transstroy Company, has been strategically bidding and executing projects in Tamil Nadu, Madhya Pradesh and their neighbouring states.
Transstroy (India) Ltd, an emerging player in highway road projects, is diversifying into desalination projects and water business.
The Hyderabad-based infrastructure company has an order book of Rs 13,000 crore. A large chunk of these contracts are road projects of the National Highway Authority of India (NHAI). Interestingly, two states — Tamil Nadu and Madhya Pradesh account for Rs 10,000 crore of these projects. The 10-year-old company, has been placed L1 in five of the seven bids for major projects of NHAI which closed on March 31. In three of these contracts worth Rs 2,300 crore, the company has also got the LC (letter of credit) said Mr Sridhar Cherukuri, Managing Director.
“We see good potential in the water business, especially desalination, urban water projects, so will strengthen our presence there,” he said.
The three major projects it has got an LC are the Rs 800-crore Hospet-Doddapet road on the Bangalore highway towards Anantapur, the Rs 900 crore four-lane road project in Visakhapatnam and the Rs 600 crore Coimbatore-Mettupalayam road towards Ooty, he said.
The company, which has technical support from Russia's Transstroy Company, has been strategically bidding and executing projects in Tamil Nadu, Madhya Pradesh and their neighbouring states. Transstroy has invested Rs 600 crore in own machinery. “We can optimise both time and costs by taking up projects close by, so that the equipment can be easily deployed,” Mr Sridhar said.
The company has been able to complete projects ahead of schedule. For example the Rs 300-crore Bhopal bypass road has been finished 10 months early. Similarly, the Rs 500-crore Tiruchi-Karaikudi annuity project will be done a year early.