Calcutta, June 12: Simplex Infrastructures Ltd will raise Rs 900 crore from domestic and international markets to fund growth and expansion plans.

The company’s current order book position is over Rs 4,500 crore. It is expecting a 50 per cent turnover from export projects, up from the current 9 per cent.

“We aim to achieve a turnover of Rs 5,000 crore by 2011 and are constantly capitalising on untapped areas and opportunities in both organic and inorganic way to drive growth. Simplex is also eyeing the real estate sector since strong infrastructure opportunities are emerging in this space,” said B.D. Mundhra, chairman and managing director of the company.

The company has not yet decided on the instrument for raising funds from the market, sources said.

Simplex posted a 65.4 per cent rise in net profit at Rs 41.64 crore for 2005-06 compared with Rs 25.17 crore in the previous year. Turnover stood at Rs 1,345 crore against Rs 999 crore in 2004-05.

The share of foreign projects in net sales have improved significantly from Rs 43.34 crore in 2004-05 to Rs 115.18 crore in 2005-06.

The company has declared a 50 per cent dividend. It would also split the stock in the ratio of 1:5.

To reduce regional dependency and increase margins, Simplex will foray into new overseas markets.

“We have projects in Qatar, Dubai, West Indies and also see opportunities in North Africa and central Asia,” said director Amitabh Mundhra.