Consolidated Construction Consortium Ltd is a turnkey builder - it takes a project from a blank site to a finished building, handling the design, buying the materials and doing the construction itself, so the client signs one contract and gets one set of keys. Founded in 1997 by engineers who had cut their teeth at Larsen & Toubro and on international jobs in Saudi Arabia and Brunei, the company has since delivered more than a thousand projects across twenty-one Indian states. The recurring approach is a tender-driven, fixed-scope model: it bids for contracts from government agencies and large developers, locks in prices with escalation clauses to protect against steel and cement swings, and earns its money by steadily turning a signed order book into completed structures. # Business segments A single engine - turnkey construction - serving government and private clients across industrial, commercial and infrastructure projects, with a handful of dormant subsidiaries held for potential closure or sale. ## 1. Turnkey construction: the company's only operating engine **CCCL earns its revenue by winning fixed-scope construction contracts and executing them from design to handover, recognising income only as the work is physically completed on site.** - **One contract, one responsibility** - the company provides integrated EPC (Engineering, Procurement and Construction) services, which means it takes care of the design, buys the steel and cement, builds the structure, and installs the mechanical, electrical, plumbing and air-conditioning systems under a single agreement. The client deals with one entity for the entire project. - **Paid by the percentage of work done** - revenue is recognised using the output method: independent surveyors certify how much of the project is physically complete, and CCCL books that proportion of the contract value as income. This ties its earnings directly to visible progress on the ground, not to cash collections or invoices raised. - **Inflation is passed through, with a lag** - most contracts include a price escalation clause, so when the cost of cement, steel or sand rises, the final contract price adjusts upwards. The protection is real but not instant, which means margins can be squeezed in a fast-rising commodity cycle before the adjustment kicks in. - **A tender-driven shop in a crowded market** - the company goes to market by bidding directly for contracts, competing in an industry that is intensely fragmented and dominated by lowest-price selection. Its in-house engineering and planning team, combined with a network of qualified subcontractors, is how it assembles competitive bids. - **Order book is the forward engine** - as of March 2026, the company held an order book of roughly Rs. 1,337 crores, which provides visibility on the work already won and waiting to be executed. The normal operating cycle from start to completion is twelve months. # Group structure and partners **The parent company is the sole operating entity; its six wholly-owned subsidiaries are either dormant, under closure, or already sold, and a recent preferential share issue brought in a new external investor.** - **Subsidiaries with no active business** - Consolidated Interiors Limited and Noble Consolidated Glazings Limited have no business, while CCCL Power Infrastructure Limited has seen its operations diluted by a sluggish power-plant sector and uncertain fuel contracts. Management is exploring the possibility of closing these entities. - **One subsidiary sold, another awaiting resolution** - CCCL Infrastructure Limited, along with its step-down subsidiary CCCL Pearl City Food Port SEZ Limited, was sold to DPF Textiles Private Limited in May 2025 for Rs. 225 crores; the buyer is unrelated to the promoters. Delhi South Extension Car Park Limited had its concession cancelled by the municipal corporation, and the company is pursuing claims for the refund of the concession fee already paid. - **A new shareholder from outside the promoter group** - in March 2025, Systematic Conscom Ltd subscribed to 2,85,71,436 equity shares on a preferential basis for Rs. 50 crores, holding no prior stake and having no related-party connection to CCCL. - **A joint venture with a minority partner** - the company holds a 40% interest in Yuga Builders - Integrated Joint Venture, an unincorporated entity resident in India.