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.
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