Nagarjuna Construction Company, the Rs 2,900-crore infrastructure major, sees big business opportunities in the large number of Special Economic Zones, expected to come up in the country. Being among the few companies with capabilities to provide complete solutions for water and environment management, the company is well prepared to take on the challenges for SEZs. Already, it has bagged a major contract for the textile SEZ being developed by Sri Lanka's Brandix in Visakhapatnam, according to Mr V. Radha Krishna, Associate Director and Head (Water and Environment). On the anvil Water and Environment business contributes to nearly 30 per cent of the total turnover of the company. During fiscal 2008-09 we are hoping to do business of Rs 1,200-Rs 1,500 crore, Mr Radha Krishna told Business Line here. The company has bagged large contracts of Rs 250 crore for setting up water treatment plants in the arsenic-affected Nadia district of West Bengal. As part of the Rs 1,500 crore World Bank-funded project of the Government to tackle the arsenic problems, which affect large parts of the State, it will complete its part of the job in June 2009. Similarly, in the underground drainage system the company has bagged a Rs 280-crore project for Indore and a Rs 150-crore project for Visakhapatnam, which it would implement in the next couple of years, Mr Radha Krishna said. Nagarjuna Construction is among the few companies that have expertise in drainage and sewerage treatment plants construction. Therefore, it stands a good chance of winning several contracts under the Jawaharlal Nehru Urban Renewal Mission, which is committing huge funds for water and drainage, he added. The company has done the entire renovation for Chennai city's sewerage system and has just completed Asia's biggest sewerage treatment plant in Hyderabad. The trial run for the 339-million litres per day plant, which treats the sewerage from the city flowing into the river was done recently. The large project under the National River Conservation Project of the Centre is expected to be completely functional in a few months, he added. The company has recently bid for large underground drainage projects in Raipur and Bilaspur. However, Mr Radha Krishna said incentives for infrastructure companies to take up projects in the sector were few, as the working conditions and returns were not lucrative. The Government needs to address this issue.