BWI: CCCL Reports 8.48% Growth in Turnover in Q2

Press release from Business Wire India
Source: Consolidated Construction Consortium Ltd
Friday, October 29, 2010 03:09 PM IST (09:39 AM GMT)
Editors: General: Consumer interest, Economy; Business: Banking & financial services, Business services, Construction, Financial Analyst, Real estate, Stock exchanges
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CCCL Reports 8.48% Growth in Turnover in Q2


Chennai, Tamil Nadu, India, Friday, October 29, 2010 -- (Business Wire India) -- Consolidated Construction Consortium Ltd. (CCCL) (BOM:532902), an integrated construction services provider having projects in the industrial, commercial, residential, and infrastructure space has announced its Q2 results for FY 2010-2011.

For the quarter ended 30.09.10, the total revenue, on a standalone basis stood at 489.52 crores and Profit after Tax (PAT) at 13.73 crores. Interest cost and unprecedented rainfall in many parts of the country affected the performance during the quarter.

Mr. Sarabeswar, Chairman & CEO, CCCL Ltd. said, "With an order backlog of Rs. 4490 crores as at 30th Sept. 2010, we expect to grow steadily in the coming months. The macro economic conditions although sustain the growth, the increasing interest rates and climatic conditions should be favourable in the ensuing quarter.

About CCCL

Headquartered in Chennai, Consolidated Construction Consortium was promoted in the year 1997. The company is an integrated construction services provider and its operations cover industrial, commercial, residential and infrastructure projects. It has presence in Bangalore, Hyderabad, Kolkatta, New Delhi, Pune, Trivandrum and Dubai. CCCL has grown from Rs.40 million to Rs.18.41 billion and has executed projects across 17 states and union territories in India. It has been awarded ISO: 9001Bureau Veritas certification as well as Quality Management system in tune with ISO: 9001:2000 standards, ISO 14001:2004 certification for the Environmental Management System and OHSAS 18001:2007 certification for occupational health and safety. For more information please log on to www.ccclindia.com.

To view the press release with the tables and Unaudited Financial Results, please click on the links given below:

Unaudited Financial Results

Press Release with tables
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http://www.BusinessWireIndia.com/attachments/Published_Results.pdf
Published_Results.pdf
http://www.BusinessWireIndia.com/attachments/Press_Release(37).doc
Press_Release(37).doc


CONTACT DETAILS
Mr. T.R. Seetharaman, CFO, Consolidated Construction Consortium Ltd, +91 (44) 23454500, trs@ccclindia.com
Zamira Tasneem, Account Executive, 20:20 MEDIA, +91 9790908177, zamira@2020india.com

KEYWORDS
CONSUMER, ECONOMY, BANKING, BUSINESS SERVICES, CONSTRUCTION, Financial Analyst, REAL ESTATE, STOCK EXCHANGES

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