Australian infrastructure technology company Global Road Technology (GRT) has expanded its presence in Asia, opening a brand new factory this month to much fanfare, in Pune, Maharashtra, India.
GRT has forecasted a turnover of more than Rs 15 billion in road projects over the next three years by delivering its patented liquid polymers and Cold-In-Place-Recycling technology to create “instant roads” pan-India.
The company has developed a 20,000 square foot factory in Pune, east of Mumbai, with an additional 9,000 sq.ft of office space including state-of-the-art laboratories. It also plans to build a local team of over 40 employees in the next one month.
The company has made significant investments to build rural roads, major district roads, expressways and highways, including Rs 400 million in heavy machinery and plant.
GRT’s technology allows governments, and infrastructure and mining companies to deliver cost-effective and safer roads more quickly, as compared with conventional building methods.
The facility will allow batching of up to 250,000 litres of polymers per week, to be shipped across the country.
GRT’s technology allows it to construct a kilometre of expressway within 24 hours, cutting 75 per cent of standard construction time and significant savings in costs. The company has resources in place to deliver over 200 km of road length a year in India and it is scaling up these capabilities to triple output over the next three years.
The company has more than Rs 1 billion of projects in hand from the public sector. Based on the feedback on work delivered to date, which includes a Rs 150 million project near Keshkal, Chhattisgarh and a 30 km major district road project for about Rs 600 million in Madhya Pradesh and Rajasthan, the target of a turnover of Rs 15 billion during the next three years seems conservative.