Download - Project Speed Presentation
-
8/2/2019 Project Speed Presentation
1/30
IVRCL Assets & Holdings Ltd.
August 2010
-
8/2/2019 Project Speed Presentation
2/30
2
Disclaimer
Certain statements made in this presentation may not be based on historical information or facts and may be forward-looking statements,including those relating to general business plans and strategy of IVRCL Assets & Holdings (IVRCL A&H or Company), their future outlook andgrowth prospects, and future developments in their businesses and their competitive and regulatory environment, and statements which containwords or phrases such as will, expected to, etc., or similar expressions or variations of such expressions. Actual results may differ materially
from these forward-looking statements due to a number of factors, including future changes or developments in their business, theircompetitive environment, their ability to implement their strategies and initiatives and their ability to respond to technological changes andpolitical, economic, regulatory and social conditions in India. This presentation does not constitute a prospectus, offering circular or offeringmemorandum or an offer, or a solicitation of any offer, to purchase or sell any shares and should not be considered as a recommendation thatany investor should subscribe for or purchase any shares. Neither this presentation nor any other documentation or information (or any partthereof) delivered or supplied under or in relation to the shares shall be deemed to constitute an offer of or an invitation by or on behalf ofIVRCL A&H.
IVRCL A&H, makes no representation or warranty, express or implied, as to or relating to IVRCL A&H security, and does not accept anyresponsibility or liability with respect to, the fairness, accuracy, completeness or correctness of any information or opinions contained herein.The information contained in this presentation, unless otherwise specified, is only current as of the date of this presentation. IVRCL A&H
assumes no responsibility to publicly amend, modify or revise any statements, on the basis of any subsequent development, information orevents, or otherwise. Unless otherwise stated in this document, the information contained herein is based on management information andestimates. The information contained herein is subject to change without notice and past performance is not indicative of future results. IVRCLA&H may alter, modify or otherwise change in any manner the content of this presentation, without obligation to notify any person of suchrevision or changes.
No person is authorized to give any information or to make any representation not contained in and not consistent with this presentation and, ifgiven or made, such information or representation must not be relied upon as having been authorized by or on behalf of IVRCL A&H .
This presentation is strictly confidential and may not be forwarded, shared, copied or disseminated, in whole or in part, in any manner.
-
8/2/2019 Project Speed Presentation
3/30
3
Contents
Portfolio Details5
Brief Financial Statements4
Current Business and Future Prospects2
Business Strategy3
Company Overview1 4
9
18
21
25
-
8/2/2019 Project Speed Presentation
4/30
1 Company Overview
-
8/2/2019 Project Speed Presentation
5/30
5
1. Company Overview
IVRCL A&H is an infrastructure company, promoted by IVRCLInfrastructures & Projects Ltd (IVRCL Infra or corporate Promoter)
Focusing on infrastructure developments across various segments
Road Projects Mix of state and NHAI projects across 5 states and atvarious stages of development
3 operational projects - Salem Tollways (53.53 km),Kumarapalayam Tollways (48.51 km) and Jalandhar AmritsarTollways (49.00 km)
3 under development projects Baramati Phaltan (77.90 km),Indore Gujarat (155.15 km) and Chengapalli Walayar (54.76 km)
2 projects in the award stage
Goa Maharashtra (122.06 km) LoA* given to the corporatePromoter; CA* to be executed
Sion Panvel (25.00 km) L1 awarded to corporate Promoter;LoA* and CA* to be executed
Water Projects
Chennai Water Desalination project to treat 100 MLD of sea waterand convert into potable water
Sewage Treatment Plant (First STP) with a commissionedcapacity of 12 MLD to treat sewer water for Alandur Municipality,Chennai
Tankage Project Undertaking development of Indian Oil CorporationLtd.s crude oil tankage facility at Paradip, Orissa (IOTL Tankage)
Truck terminal Truck terminal in Patalganga, Maharashtra on DBFOTbasis which is in the award stage; LoA* given to the corporatePromoter; CA* to be executed
Pursuant to the first right of refusal granted under the BusinessArrangement Agreement (BAA), all infrastructure projects awarded toIVRCL as of now and awarded in future, will be executed by IVRCLA&H
Other
(Tankage,
Truck
Terminal)
26.6%
Water
5.1%
Road
68.3%
Breakdown across various segments
CA to be
Signed
28.1%
Under
Development
53.5%
Operational
18.4%
Breakdown across various stages of development
Based on Total Project Costs (TPC) for 7 Road Projects (excl. SionPanvel) + 2 Water Projects + Tankage Project + Truck Terminal
For operational Projects TPC based on actual costs
For under development and Projects under BAA TPC based on managementestimates
*LoA Letter of Award; CA Concession Agreement
-
8/2/2019 Project Speed Presentation
6/30
6
Recent restructuring to focus on the growing infrastructure sector
In 2009, IVR Prime Urban Developers Ltd. (IVR Prime) filed a Scheme for amalgamation of IVR StrategicResources & Services Ltd. (in the business of investing in companies involved in design, development andmaintenance of road infrastructure projects) and IVRCL Water Infra-Structures Ltd. (in the business of investing incompanies involved in development and maintenance of water infrastructure projects) both wholly owned
subsidiaries of IVRCL Infra
Scheme was with effect from 1 April 2009 post which whole of the undertaking of the 2 companies along with allits properties, assets, liabilities, obligations, employees were vested with IVR Prime as a going concern
Upon approval of the scheme, both the amalgamated companies were dissolved and IVR Prime changed name toIVRCL A&H
To carry out infrastructure development and asset heavy business under IVRCL A&H
To capitalise upon the emerging opportunities in the infrastructure sector which is expected to have increasedlevels of government and private industry participation
New structure to leverage the pre-qualification abilities and execution expertise of the corporate Promoter
Merged entity to have relatively stronger credentials enabling it to bid for relatively larger projects
Scheme
Rationale
Change inShareholding
Share Holding Pattern Share Holding Pattern
IVRCL
80.5%
OtherPromoters
7.6%
Public
Sharholders
11.9%IVRCL
62.4%
Other
Promoters
14.7%
Public
Sharholders
23.0%
Pre-Merger (31 Dec 09) Post-Merger (31 Mar 10)
Source: NSE India
-
8/2/2019 Project Speed Presentation
7/307
Current Holding Structure and Asset Portfolio
Baramati Phaltan (BP)
Salem Tollways (ST)
Kumarapalayam Tollways(KT)
Jalandhar Amritsar Tollways(JA)
99.90%
100.00%
99.85%
99.89%
Indore Gujarat Tollways(IG) 99.50%
Chengapalli Tollways (CW)99.54%
Road Projects
95.00%
IOTL Tankage
Real Estate SPVs
37.50%
First STP
Chennai Water Desalination(CWD)
Various
74.97%
Non-Road Projects
Alkoor Petro Ltd.84.91%
80.5%
Subsidiaries for Goa Maharashtra, Sion Panvel and Truck Terminal projects to be capitalized onexecution of concession agreements with IVRCL A&H
-
8/2/2019 Project Speed Presentation
8/308
End-to-End Solutions Provider
End-to-End solutions for projects from conceptualisation commissioning O&M8
Form SPV with legal rights and obligations as per the concession agreements
Funding of projects through mix of debt and equity
Leverage IVRCL Infras brand recognition to strengthen IVRCL A&Hs position while approaching
lenders for project financing options
Identify and bid for new projects with various concessioning authorities
Use own experience and that of the corporate Promoter to select high yielding projects andprospective growth drivers in surrounding areas to develop a diversified product portfolio
BAA allows IVRCL A&H to leverage IVRCL Infras pre-qualifications, if need be, to bid for largeprojects and have right of first refusal over existing and future projects awarded to IVRCL Infra
Develop self won projects and also projects awarded via BAA
Active role in all stages of development including supervision of construction services,financing and operation
Prepare structural and other designs through in-house capabilities
Prepare pre-feasibility reports and development project reports as well as detailed projectdesigns and obtain necessary approvals from multiple agencies
Undertake operation, maintenance and management of projects through measures likeautomated tolling systems, interactive web-based project MIS
Strong support from IVRCL Infra in carrying out these activities
Project
Conceptualisation
ProjectDevelopment
Operations &Maintenance
Project Financing
-
8/2/2019 Project Speed Presentation
9/30
2 Current Business & FutureProspects
-
8/2/2019 Project Speed Presentation
10/3010
Strategically spread asset base across various infrastructuresegments..
Sr.No Project Description Location Status Capacity
Main RevenueSource
Project Cost(Rs. Mn.)
% Holding ByIVRCL A&H
Client
Roads Length (km)
1 Salem Tollways Tamil Nadu operational (since
Jul 10)
53.53 Toll 6,393 99.90% NHAI
2 Kumarapalayam Tollways Tamil Nadu operational (sinceAug 09)
48.51 Toll 4,432 99.85% NHAI
3 Jalandhar AmritsarTollways
Punjab operational (sinceApr 10)
49.00 Toll 4,102 99.89% NHAI
4 Indore Gujarat Tollways MadhyaPradesh
under development 155.15 Toll 15,237 99.50% NHAI
5 Baramati Phaltan Maharashtra under development 77.90 Toll 3,821 100.00% MSRDC
6 Chengapalli WalayarTollways
Tamil Nadu under development 54.76 Toll 11,230 99.54% NHAI
7 Goa Maharashtra* Goa LoA received byIVRCL Infra; CA tobe executed
122.06 Toll 31,000 NA NHAI
8 Sion Panvel* Maharashtra L1 received byIVRCL Infra; LoA /CA to be executed
25.00 Toll NA NA MSRDC
Total Roads (excl. SionPanvel)
76,215
Water
9 Chennai WaterDesalination
Tamil Nadu operational (sinceJul 10)
100 MLD Bulk WaterPurchase Agmt
5,575 74.97% Chennai Metro
10 First STP Tamil Nadu operational (sinceJun 02)
Commissioned12 MLD
Capacity Based 56 95.00% AlandurMunicipality
Tankage
11 IOTL Tankage Orissa under development 11 COT*
42 FPT*
Fixed charge +variable chargebased on supply
29,410 37.50% IOCL
Truck Terminal
12 Patalganga TruckTerminal*
Maharashtra LoA received byIVRCL Infra; CA to
be signed
c. 275 Trucks*** Toll 300 NA MIDC
Total (excl Sion Panvel) 111,556
* Right of first refusal as per BAA** COT = Crude Oil Tank; FPT = Finished Petroleum Tank
*** Project Information Memorandum
-
8/2/2019 Project Speed Presentation
11/3011
Healthy mix of projects at various stages of development
6,39310,825 14,927
20,502 20,55824,379
39,616
50,846
80,256
111,256 111,556
0
20,000
40,000
60,000
80,000
100,000
120,000
Salem
Tollways
Kumarapalayam
Tollways
Jalandhar
Amritsar
Tollways
ChennaiWater
Desalination
FirstSTP
IndoreGujarat
Tollways
BaramatiPhaltan
Chengapalli
WalayarTollways
IOTLTankage
Gujarat
Maharashthra
PatalgangaTruck
Terminal
Cum
ulativeProjectCost(R
s.
Mn)
operational
underdevelopment
Early entrant in the road BOT segment with track record of successful implementation of assets
CA to besigned
-
8/2/2019 Project Speed Presentation
12/3012
Equity funding status of current projects
No Project NameTotal Equity
(IVRCL A&H Share)Already funded
(IVRCL A&H Share)Balance to fund
(IVRCL A&H Share)
1 Kumarapalayam Tollways 834.3 834.3 -
2 Salem Tollways 1,781.8 1781.8 -
3 Jalandhar Amritsar Tollways 1,011.9 1,011.9 -
4 Baramati Phaltan 690.0 226.9 463.1
5 Indore Gujarat Tollways 3,809.3 1,019.0 2,790.3
6 Chengapalli Walayar Tollways 3,260.0 23.8 3,236.2
7 Chennai Water Desalination 1,296.83 1,296.83 -
8 First STP 28.5 28.5 -
9 IOTL Tankage 2,205.8 562.5 1,643.3
TOTAL 14,918.43 6,785.53 8,132.9
(Rs mn)
-
8/2/2019 Project Speed Presentation
13/3013
Strong bid pipeline of IVRCL A&H and the corporate Promoter
IVRCL A&H has submitted Request For Qualification (RFQ) for 3 road projects
In addition, the Company has entered into a BAA to leverage corporate Promoters pre-qualification capabilitiesto bid for large government projects
Pursuant to the first right of refusal granted under the BAA, all infrastructure projects awarded to IVRCL as of nowand awarded in future, will be executed by IVRCLA&H
Summary of projects bid by IVRCL Infra thatthe Company has right of first refusal via
the Business Arrangement Agreement
No Type Quantity
1 Road Projects 47
2 Water Project 1
3 Power Projects 2
4 Building Projects 9
5 Port Projects 3
Total 62
August 2010
-
8/2/2019 Project Speed Presentation
14/3014
Experienced Leadership & Management Board of Directors
E. Sudhir Reddy
Non-executive Chairman &Promoter
E. Sunil Reddy
Vice Chairman, MD andPromoter
S. Ramachandran
MD (BOOT Projects)
R. Balarami ReddyNon-executive Director
Over 20 years of experience in the legal field and was a practicing lawyer in the High Court of AndhraPradesh and the Supreme Court of India
Bachelors degree in Commerce and a Bachelors degree in Law from Osmania University, Hyderabad
Over 19 years of experience
Fellow member of the ICAI, and an Associate member of the Institute of Cost and Works Accountants of India,and the Institute of Company Secretaries of India
Prabhakar Ram Tripathi
Independent Director
Over 40 years of experience in the mining industry
Bachelors of Science (honours) degree in Mining and Engineering. Also obtained Mines Managers Certificateunder the Mines Regulations and the Metalliferous Mines Regulations from the Directorate General of MinesSafety, Dhanbad
Over 20 years of experience in construction and engineering business
Bachelors degree in Commerce from Osmania University, Hyderabad
Over 17 years of experience ranging from production to materials and business development and corporatestrategy
Bachelors degree in Mechanical Engineering from Madras University and Post Graduate Diploma in BusinessManagement from XLRI, Jamshedpur
T. N. Chaturvedi
Independent Director
Has over 19 years of experience in the field of auditing corporate and financial restructuring, public issues,mergers, taxation and other legal matters
Bachelors degree in Commerce from Jiwaji University, Gwalior and fellow member of the ICAI
G. Ananth Sena Reddy
Independent Director
Over 17 years of experience in the real estate, mining, planning and operations sectors
Bachelors degree in Commerce from Osmania University, Hyderabad
V. Murahari Reddy
Independent Director
Over 40 years of experience in highways and buildings and has served in various capacities in the AndhraPradesh and Central Governments
Bachelors degree in Civil Engineering from Sri Venkateswara University, Tirupati
-
8/2/2019 Project Speed Presentation
15/3015
Experienced Leadership & Management Key Management Personnel
Rajkumar Singh
Chief Operating Officer -Transport division
Pardha Saradhi A. S.Company Secretary
Over 27 years of work experience with Company since 1990
Masters degree in Business administration from Osmania University, Hyderabad
Nagarajan G
Vice President
Over 30 years of work experience with Company since 2006
Post Graduate Diploma in Industrial Relations and Personal Management from Xavier Institute of SocialService, Ranchi
Over 25 years of work experience with Company since 2009
Masters degree in Business Administration (Finance) from Osmania University, Hyderabad, Bachelors in Lawfrom Osmania University, Hyderabad and is a qualified Company Secretary
Muralidhar HGeneral Manager (Finance)
Chalapathi Rao P. V.
Deputy General Manager
(Project MonitoringCommittee)
Over 18 years of work experience with Company since 2007 Qualified Chartered Accountant
P. Chandra Sekhar
Joint General Manager -Accounts
Over 20 years of work experience with Company since 2010
Qualified Chartered Accountant and Cost Accountant
Over 22 years of work experience with Company since 2009
Bachelors degree in Civil Engineering from Nagpur University
Srinivasa Prasad T.
Deputy General Manager(Transportation)
Over 21 years of work experience with Company since 1998
Masters degree in Business Administration from Sri Venkateswara University
Strong team of people to support construction in various sectors
-
8/2/2019 Project Speed Presentation
16/30
16
Large Addressable Market Opportunity Transportation Poised to Grow
0
200
400
600
800
1,000
1,200
2008 2009 2010 2011 2012
Investment-INRbn
NH State Roads Rural roads Total
Strong sustainable demand for transport infrastructurebacked by robust Indian economy
Ongoing focus on highway infrastructure developmentis targeted to yield an annual growth of 12-15% for
passenger traffic
National highways are only 2% of Indian roadwaynetwork, yet carry around 2/5th of total Indian roadtraffic
National highways are key focus areas of the Indiansurface transport ministry to support trade &commerce
GoI has planned an outlay of ~US$54 bn by 2012 on nationalhighways via the National Highway Development Plan
(NHDP) Supported by a stable, regulatory framework
In the roads and bridges space, share of privateparticipation is estimated to be 33% for the XIth five yearPlan
Union Road Transport Ministry is looking at a target ofawarding at least 15,000 Km of national highwaysprojects by end of 2011
Key Trends in the Roads Segment
NHAI and GoI to provide capital grant of up to 40% ofthe project cost to enhance viability
Favorable taxation
Concession period allowed up to 30 years
Duty-free import of specified modern high capacityequipment for highway construction
Source: NHAI, JNNURM, Media Articles, Ministry of Shipping, Road Transport & Highways
12%
7% 4%2% 2%
13%
28%
32%
Elec tric ity Surface Transportat ionTe lecommun icat ions I rr igationWate r Supp ly & San i ta ti on Po r tsAirports Others
Projected Sector Wise Outlay for Eleventh Plan
Source: XI five year plan, Planning Commission of India
Source: Crisil Report
-
8/2/2019 Project Speed Presentation
17/30
17
Water: Significant and Differentiated Opportunity
Demand Drivers
Rising population and urbanization
Agriculture Dependence
Expected Industrial Growth
Stagnant Supply
Per capita availability down from 4,000m3/yr to 1,600 m3/yr in the last 50 years
Industrial waste not treated
Archaic supply, drainage & recycling systems
Water Requirement for Various Sectors
Sector
Water Demand in Billion Cubic Meter (BCM)
Standing sub-committeeof MoWR
NCIWRD
2010 2025 2050 2010 2025 2050
Irrigation 688 910 1,072 557 611 807
DrinkingWater
56 73 102 43 62 111
Industry 12 23 63 37 67 81
Energy 5 15 130 19 33 70
Total 813 1,093 1,447 710 843 1,180
Source: Report on Steering Committee on Water Resources for XIth Five Year Plan
Plan-wise Outlay for Water Supply & SanitationProposed Flow of Funds (Rs. Mn)
Source of Funding Amount
Central Sector Outlay 700,000
State Sector Outlay 350,000
Institutional Funding 100,000
External Support Agencies 100,000
FDI and Private Sector 42,000
Total 1,270,000
Govt. deficitsto give way to
PPP
* Source: Min. of Urban Dev.
JNNURM
Schemeplans
198
1,270
186
IX X XI
(Rs. Bn)
-
8/2/2019 Project Speed Presentation
18/30
3 Business Strategy
-
8/2/2019 Project Speed Presentation
19/30
19
Way forward
New businessopportunities
Continue expansion amongst various infrastructure sectors, including ports, power sector,water etc. and across various geographies in order to consolidate the Companys position
Identify and enter into business activities that will be of high growth and that will
complement existing infrastructure portfolio
Maintain highquality and
project execution
Develop a reputation for consistently developing projects known for innovation and deliveryin a timely manner
Continue to focus on reducing cost and time overruns to maximize client satisfaction
Use technologically advanced tools and processes to ensure quality construction
Expand currentareas of
operations
Undertake
projects on a PPPmodel
Leverage Companys successful implementation of projects on PPP model to bid for theseveral Government projects
Focus on BOT projects since they provide better operating margins because of the addedoverall control of project costs that can be exerted by the contractor
Continue to rely on the corporate Promoter for its expertise to ensure quality and timelycompletion of existing projects
Continue to diversify the portfolio of projects currently undertaken
Attract, train,retain qualified
personnel
Attract, train and retain qualified personnel and skilled labourers by increasing focus ontraining staff in advanced and basic engineering and construction technology
Provide opportunities to work across a variety of large, complex construction projects,giving them an opportunity to innovate
-
8/2/2019 Project Speed Presentation
20/30
20
Opportunities across various sectors
Roads
Water
PowerTransmission
Gas Pipelinesand Tanking
Company Strategy & PresenceThe next opportunity*
Union Transport Ministry Target 15,000km to be awarded by 2011
Developer-friendly concession agreements
55,000 km of State Highways to beconverted into National Highways
Pursuant to amalgamation, shifting of the focus toinfrastructure
Prudent bidding in a competitive environment
Increased focus on diversifying asset base across state andnational highways and across geographies
Supply, treatment, desalination
USD 27 Bn opportunity during in thecourse of implementation of the XIth Plan
Leverage BOT track record + corporate Promoter EPCcapabilities
To capitalize on early mover advantage and bid for moreprojects across geographies
4 UMTPs awarded PPP in nascent stage
2x increase in capacity, 1.5x increase in
ckm
Continue to rely on corporate Promoters execution
capabilities
To bid for large opportunities offered
Gas Pipelines USD 15 Bn opportunity ingas transportation by 2012
Tanking - Few qualified players, mostlywith captive facilities
A non-oil company which pre-qualifies for large tankageprojects
Ports
Formulation of new RFQ, RFP & MCA
Focus on increasing pace of PPP awards
To develop pre-qualifications to bid for port developmentprojects
* Source: Min. of Urban Dev., NHAI, Media Articles
-
8/2/2019 Project Speed Presentation
21/30
4 Brief Financials
-
8/2/2019 Project Speed Presentation
22/30
22
4. IVRCL A&H Consolidated Financials
(Rs Mn)
March 31,2010
March 31,2009
SOURCES OF FUNDS
Share capital 1,236 641
Reserves and surplus 21,710 8,376
Total Shareholders Funds 22,946 9,017
Minority interest 2,450 1,501
Total Debt 17,856 2,603
TOTAL SOURCES OF FUNDS 43,252 13,121
APPLICATION OF FUNDS
Goodwill 8,259 504
Gross block 4,905 202
Less: Accumulateddepreciation/amortization
248 25
Net block 4,657 176
CWIP incl. capital advances 16,887 0
Total Fixed Assets 21,544 176
Deferred tax asset (net) 142 83
Current assets, loans and advances 18,839 16,307
Less: Current liabilities and provisions 5,532 3,950
Net current assets 13,307 12,357
TOTAL APPLICATION OF FUNDS 43,252 13,121
Balance Sheet Profit & Loss A/C
(Rs Mn)March 31,
2010March 31,
2009
INCOME
Income from operations 1,590 457
Other income 62 109
TOTAL INCOME 1,652 566
EXPENDITURE 1,989 492
Profit/(loss) before tax, prior perioditems and minority interest
(337) 74
Profit/(loss) for the year (312) 8
EPS (Rs.) (1.68) 0.07
-
8/2/2019 Project Speed Presentation
23/30
23
IVRCL A&H Standalone Financials
(Rs mn)March 31,
2010March 31,
2009
SOURCES OF FUNDS
Share capital 1,236 642
Reserves and surplus 21,649 9,195
Total Shareholders Funds 22,885 9,837
Total Debt 4,654 2,603
TOTAL SOURCES OF FUNDS 27,539 12,440
APPLICATION OF FUNDS
Gross block 190 191
Less: Accumulated depreciation /amortization 42 25
Net Block 148 166
Capital work-in-progress 0 0
Total Fixed Assets 148 166
Investments 17,674 3,519
Deferred tax asset (net) 119 84Current assets, loans and advances 14,515 12,615
Less: Current Liabilities andProvisions 4,917 3,944
Net Current Assets 9,598 8,671
TOTAL APPLICATION OF FUNDS 27,539 12,440
(Rs mn)March 31,
2010March 31,
2009
INCOME
Income from operations 1,431 752
Other income 20 59
TOTAL INCOME 1,451 811
EXPENDITURE 1,543 677
Profit/(loss) before tax, priorperiod items and minority
interest(93) 134
Profit/(loss) for the year (64) 86
EPS (Rs.) (0.35) 0.68
Balance Sheet Profit & Loss A/C
-
8/2/2019 Project Speed Presentation
24/30
24
0
20
40
60
80
100
120
140
160
Aug-09
Sep-09
Oct-09
Nov-09
Dec-09
Jan-10
Feb-10
Mar-10
Apr-10
May-10
Jun-10
Jul-10
Aug-10
SharePrice(Rs.)
-
500,000
1,000,000
1,500,000
2,000,000
2,500,000
3,000,000
Volume
Market Data
Share Price Rs. 120.40
No. of Shares 185.42 mn
Market Capitalization Rs. 22,325 mnPrice / Book Value (as at 31Mar 2010)
0.97
Shareholding Pattern (30 Jun 10) Share price performance over last year
Company raises Rs. 1 bnvia NCD A+ Rating by
Fitch (30 June)
Shareholder resolution toraise up to Rs. 10 bn viaQIP (11 May)
Bonus declared by Board- 1 for every 2 sharesheld (15 Apr)
High Court of APapproves scheme of
amalgamation (15 Mar)
Board approves schemeof amalgamation (11 Nov)
Others
8.7%
IVRCL
80.5%
Other
Promoters
7.6%
FII
3.3%
Market Data (as at 13 Aug 2010)
Source: NSE India
Source: NSE India
Source: NSE India, Bloomberg
-
8/2/2019 Project Speed Presentation
25/30
5 Portfolio Details
-
8/2/2019 Project Speed Presentation
26/30
26
Salem Tollways, Kumarapalayam Tollways & IVRCL Chengapalli Tollways
Salem Coimbatore project corridor
Salem Tollways
Kumarapalayam
Tollways
Continuous stretch of road comprising of
48.51 kms toll road from KM 53.00(Kumarapalayam) to KM 100.00 (AfterChengapally) on NH 47 in Tamil Nadu(Commenced Aug 2009)
Scope of work: Design, Construction,Operation and Maintenance
Term of concession: 20 years
53.53 kms toll road from KM 00.00 (Salem) to KM53.53 (Kumarapalayam) on NH 47 in Tamil Nadu(Commenced Jul 2010)
Scope of work: Design, Construction,Development, Finance, Operation andMaintenance
Term of concession: 20 years
54.76 kms toll road from KM 102.035 to KM144.680 and from KM 170.880 to KM 183.010
Scope of work : Management andMaintenance
Term of concession: 27 years
-
8/2/2019 Project Speed Presentation
27/30
27
Baramati Phaltan & Indore Gujarat Tollways
Baramati Phaltan
77.90 kms toll road for four laning of road fromBaramati to Phaltan and Mahad to Shirwal in the
state of Maharashtra
Term of concession: 25 years
Indore Gujarat Tollways
155.15 kms toll road for four laning from Indore toGujarat-Madhya Pradesh border section of NH 59 in the state of Madhya Pradesh
Scope of work: Design, Engineering ,Construction, Development, Finance,Operation and Maintenance
Term of concession: 25 years
-
8/2/2019 Project Speed Presentation
28/30
28
Jalandhar Amritsar Tollways & Goa Maharashtra Tollways
Jalandhar Amritsar Tollways
49 kms toll road in the Jalandhar to Amritsarsection from KM 407.100 to KM 456.100 of NH - 1
in the state of Punjab
Scope of work: Improvement, Operation andMaintenance, Strengthening and Widening
Term of concession: 20 years
Goa Maharashtra
122.06 kms toll road for 4/6 laning ofMaharashtra/Goa border to Panaji/Karnatakaborder section of NH 17, in the state of Goa
-
8/2/2019 Project Speed Presentation
29/30
29
Water and other projects
IOTL Tankage
Completed the development of and is currently operating theChennai Water Desalination Project awarded by the ChennaiMetro
Company holds 74.97% stake and the remaining stake is held byBEFASA CT
Primary feature of the project is to draw 100 MLD of raw seawater from the Bay of Bengal treat and process the water asper the specifications laid down by Chennai Metro
Scope of the project included the performance, execution ofall of the detailed design, engineering, financing, procurement,construction, operation, maintenance and transfer of theProject on Design, Build, Own, Operate and Transfer basis for25 years
CWDL and Chennai Metro entered into Bulk Water PurchaseAgreement
Patalganga Truck Terminal
Developed on Design, Build, Finance, Operate and Transferbasis for MIDC
The concession period has been granted for a period of 95 years
The primary scope of this project is to (i) provide parking
facilities for the inbound and outbound vehicles (ii) eliminatethe parking and loading / unloading instances along theinternal roads; (iii) develop requisite commercial facilities forsustaining logistics operations and cater to the needs of theworking population and visitors; and (iv) Cater to a proportionof regional goods movements of operators
Currently developing a crude oil tankage facility in Paradip, inthe state of Orissa
Have a 37.5% stake in the subsidiary, IOT Utkal Energy ServicesLtd. - other stakeholders in the entity are IOT Infrastructure &Energy Services Ltd. and Oil Tanking Gmbh, Germany
Construction of tankage facilities consisting of but not limitedto (a) 11 crude oil tanks of net capacity 50,000 m3 each; 42finished product tanks including 15 mounded bullets and twowater drain tanks, of different net capacities; having a totalcapacity of 610,550 m3; (b) low temperature flare and otherassociated facilities
The tankage facility which is constructed is required to becapable of operating for at least a period of 25 (twenty five)
years, to meet IOCLs requirements
Chennai Water Desalination
First STP
Currently, engaged in the operation and maintenance ofsewage treatment plant of 12 MLD capacity to treat municipalsewer water for Alandur Municipality, Chennai
Joint venture between VA TECH WABAG of Austria, which owns5.00% with IVRCL A&H holding 95%
The scope of project includes among others (i) obtaining allrequired permissions, clearances, sanctions, including paymentof all dues thereof; (ii) site clearance, stacking releasedmaterial as directed; (iii) construction of components of theSTP, including structure, utilities, access, electrical systems,DG set, lighting, ventilation, sewage, maintenance and upkeepof plant and machinery, and all allied works; and (iv) safetyand environmental measures and precautions
Lease of project is 14 years
-
8/2/2019 Project Speed Presentation
30/30
THANK YOU