HCC Infrastructure said it plans to augment its turnover to Rs 20,000 crore in the next three to four years from Rs 5,500 crore at present, following which it will hit the capital market with an initial share offer.
"First we want to increase the business to about Rs 20,000 crore and then, we will take this company for IPO. It will take about three to four years," HCC Chairman Ajit Gulabchand told PTI.
He, however, declined to speak about the proposed IPO of Lavasa City. The company has filed a draft prospectus with market regulator Sebi and was awaiting its approval.
HCC Infrastructure, a 100 per cent subsidiary of Hindustan Construction Company, recently bagged a contract worth almost Rs 3,000 crore for four-laning of NH-34 between Berhampur and Dakhola in West Bengal, he disclosed.
