CCCL first half profit up by 19%

Reports 30% growth in sales for first half

Total income exceeds Rs.851 cr

Chennai, Oct 30, 2008: Consolidated Construction Consortium Ltd (BOM:532902), an integrated construction services provider having projects in the industrial, commercial, residential, and infrastructure space has announced its first half results for FY 2008-2009.

The company’s net profit for the first six months increased to Rs 38.4Cr from Rs 32.2Cr when compared to the same period last year.

Mr. Sarabeswar, Chairman & CEO, CCCL Ltd said, “We are consolidating our presence in the airport infrastructure, winning the Chennai airport project and other automobile projects has strengthened our portfolio. We are upbeat regarding the company’s performance for the next half year with increased orders and projects.”

The company has bagged the Chennai airport expansion project from Airports Authority of India in October 2008. The project is worth Rs 1212 crores and it will be executed in collaboration with Canadian Infrastructure company Herve Pomerleau International. The contract has been awarded for development of Kamaraj Domestic Terminal Phase II, expansion of existing Anna International Terminal and face lifting of existing terminals at Chennai Airport.

The order backlog as of 30th September 2008 is Rs. 2642cr.

Financial highlights

Top line growth of 30%
Bottom line growth of 19%

Business highlights

Orders booked at the period stood at 1,215cr when compared to 708crores.

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. For more information please log on to www.ccclindia.com.

For media queries please contact:

Mr. T.R. Seetharaman

CFO, Consolidated Construction Consortium Ltd

Ph: 044-2345 4500

email: trs {at} ccclindia(.)com

Twinkle Xavier

Account Manager

20:20 MEDIA

Ph: + 91 98844 80115

email: twinkle {at} 2020india(.)com