Chennai June 25th 2008: The 11th annual General Meeting of Consolidated Construction Consortium Ltd., Chennai was held on 25th June 2008. The company declared a dividend of 25% on the equity share capital for the year 2007-08. It is to be noted that the company has history of declaring consistent dividend ever since inception.

The company’s turnover was up 71% during the year 2007-08 from Rs.8633.39 million to Rs.14772.31 million on consolidated basis. The profit before tax witnessed a jump of 109% from Rs.641.60 million during 2006-07 to Rs.1340.92 million during the current year. The PAT was up by 86% from Rs.476.77 million to Rs.888.78 million on consolidated basis, during the current year. Profit after tax (PAT) had increased from Rs.41.20 million in 2004 to Rs.870.91 million registering an increase of more than 2000%. CCCL had an order back log of Rs.26, 524.71 million as of March 31, 2008 and it is in the process of getting further orders.

Speaking on the occasion, Mr. Sarabeswar, Chairman & CEO, CCCL Ltd, “CCCL has seen an impeccable growth in all parameters since inception, the company’s turnover has increased from Rs.1596 million in the year 2004 to Rs.14481 million during the year 2007-08, which is a quantum leap by nine times. We are upbeat regarding the company’s performance for the coming year with increased orders and projects”.

CCCL has to its credit many first time achievements such as the world’s first platinum rated green building, execution of many complicated structures, and is now consolidating its presence in Dubai and is in the process of strengthening its cross-border business expansion. The company has recently tied up with a Dubai based firm M/s.Innotech Construction LLC for undertaking construction activities jointly in UAE. It has already a license for constructing high rise buildings in the Emirate of Ajman and is in the process of acquiring similar capabilities in Dubai.

Through its subsidiary company, CCCL plans to foray into Special Economic Zone near Tuticorin for food processing, with an outlay of Rs.3 billion. The company which is a leading player in construction industry in the country , is now contemplating foraying into infrastructure projects like ports, airports, power plants, flyovers, bridges water and effluent treatment projects in a big way. The company is bidding for the prestigious Kolkatta/Chennai International Airport project in consortium and is also presently associated with Trichy, Trivandrum, Mangalore and Dehradun Airports

The company went public in the year 2007 and its shares are listed in NSE and BSE. The current quote of its shares is Rs.585. The market cap of CCCL is currently at Rs.21 billion.

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.14 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. Please log on to www.ccclindia.com