NCC to invest in airports, ports

Hyderabad’s Nagarjuna Construction Company (NCC) has chalked out a plan to invest up to Rs 500 Crore in the next three years in ports and airports infrastructure. NCC through its Infrastructure Holdings in consortia with Maytas Infra and VIE India Projects & Holdings is already involved in two small greenfield airport projects in Karnataka.

NCC will provide value addition to the airport projects through the creation of support infrastructure that will draw sectors such as hospitality, IT, cargo business or industry that depends on airport activity in both Gulbarga and Shimoga airport projects in Karnataka. The consortium hopes to complete the airports in 18 months from getting all the clearances.

Meanwhile, NCC has been pre-qualified for the proposed Udaipur airport in Rajasthan. In the ports sector, NCC, in consortia with Maytas Infra, SREI Infrastructure Finance and Sarat Chatterjee & Co will develop the Rs 1,590 Crore all-weather deep water port at Machilipatnam in Andhra Pradesh.