Global Road Technology is eyeing large projects in India in collaboration with established developers as it plans to have Rs 1,500 crore turnover by 2020.
"We would want to do a turnover of somewhat Rs 1,500 crore in next three years. At the moment, we have contracts worth about Rs 50 crore that is picking up," GRT India Chief Executive Officer, Ben WH James told PTI.
"We are predominantly subcontracting for the big players," he said.
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GRT works in the field of soil stabilisation and innovative dust control products that help create safer roads and workplaces and is present in many countries.
The company is working on three sets on busy National Highway No 2 which sees high volumes of traffic from Varanasi in Uttar Pradesh to Aurangabad in Bihar.
It has partnered Soma Isolux for the NH 2 project.
"Real USP for us is speed...I can confidently say without exaggeration that we can construct roads three times faster than what we are seeing," James said.
GRT is in talks with the National Highways Authority of India (NHAI) which has approved its technology, he said.
He also said the company is also in talks with almost all the big road developers including Larsen & Toubro, ILFS Engineering and IRB Infra for highway contracts.
"After 18-24 months of establishing our technologies we will look at going to direct contracts or large-scale contracts involving packages of Rs 300 to Rs 500 crore," he added.
He said the company is just about to start two more national highway projects by the end of this month - one in Kerala and the other in Bihar.
The company CEO said the firm was also looking at contracts under PMGSY and may make some announcements soon.
The company also intends to take up its staff strength from the present 40 to about 200, he added.
On GRT technology, he said if particulate matter from paved road dust and unpaved road dust is taken together, it surpasses power plants as the largest source of the same in the atmosphere, which is highly toxic.
"That is precisely where our technology comes in handy. World over, experts are instituting construction project specific air quality norms, which our technology supports. Metro's all across India are becoming dustier and more polluted - we can reverse this," he said.
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