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Sadbhav Infrastructure Projects Ltd.

BSE: 539346 Sector: Infrastructure
NSE: SADBHIN ISIN Code: INE764L01010
BSE LIVE 15:41 | 15 Dec 138.30 1.50
(1.10%)
OPEN

139.50

HIGH

141.75

LOW

137.10

NSE 15:50 | 15 Dec 138.20 1.25
(0.91%)
OPEN

139.00

HIGH

141.70

LOW

137.20

OPEN 139.50
PREVIOUS CLOSE 136.80
VOLUME 49264
52-Week high 150.45
52-Week low 88.75
P/E 72.79
Mkt Cap.(Rs cr) 4,871
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 139.50
CLOSE 136.80
VOLUME 49264
52-Week high 150.45
52-Week low 88.75
P/E 72.79
Mkt Cap.(Rs cr) 4,871
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Sadbhav Infrastructure Projects Ltd. (SADBHIN) - Chairman Speech

Company chairman speech

Dear Stakeholders

Sadbhav Infrastructure Project Limited (SIPL) a subsidiary of Sadbhav EngineeringLimited (SEL) has been achieving milestones with its unparalleled performancedeliverance each year. Since its incorporation as a Company focused on the developmentoperation and maintenance of highways roads and other relative aspects SIPL has observeda flourishing rate by becoming the listed Road and Highways Built Operate and Transfer(BOT) organisation in India with a portfolio of a total of 18 projects which consists of10 BOT (Toll) projects (9 are operational and 1 is partially operational) 1 operationalBOT (Annuity) project and 7 Hybrid Annuity Mode ("HAM") under-constructionprojects. Total Project costs of all 18 projects is Rs. 15905.9 crore. Seven out of these11 operational projects have credit rating of A- or above. I am happy to say this thatearlier portfolio of 11 projects have been operational even in the tough environment. Inlast 18 months your Company has bagged 7 HAM projects (highest since the start of the HAMmodel by NHAI) of length of 1550 lane kilometers costing a total of Rs. 5807 crorewhich are under development. With an average residual life of more than 16 years entireportfolio of current BOT projects exhibits and have already started generatingstability and visibility of revenue.

Besides this your Company is in a continuous process to further improve its financialposition and working in that direction we already have completed refinance of debt in 5operational SPVs thereby reducing the cost of debt and improving the cashflows. Also yourCompany is keen to evaluate churning of stakes in operational mature projects generatingsurplus cash and thereby creating war chest for future growth.

SIPL has charted an upward route for itself by expanding under selectively diversifiedportfolio located in high growth states of India (Rajasthan Gujarat MaharashtraKarnataka Andhra Pradesh and Haryana) and other important corridors simultaneouslycreating a value for its investors. It is currently qualified for NHAI BOT project sizeworth Rs. 3233.8 crore and HAM projects worth Rs. 4935.4 crore. Apart from a creduloustrack record of timely completion of projects your Company also enjoys the benefit ofbeing an integrated structured with presence across the entire road sector value chainwith strong finance execution and toll collection and O&M capabilities. During thefinancial year 2016-17 BRTPL and RHTPL have received completion certificate revenues.Also Company is in the process of acquiring 100% stake in Mysore Bellary Highway ProjectLimited (MBHPL) from SEL and joint venture partner (under process). Your Company hasinvested total equity (including subdebt) of Rs. 2141.7 crore as on March 31 2017 in 11operational projects and Rs. 114.8 crore as on March 31 2017 in HAM projects.

India has brought a reform in the execution of national level policies. One such keymove was digitisation. SIPL believing in compliance with the future equipped all thetolling lanes in operational BOT projects with FASTags PoS devices mobile wallets andmany more. Amidst a strong change in global economic scenario the infrastructuralparameter saw an undivided attention. With this a rise in SIPL’s total income fromRs. 67.2 crore in 2011 to Rs. 999.93 crore in 2017 (excluding construction revenue fromunder-construction SPVs due to IND AS) was seen. With a focus on delivering high –quality construction work alongside a provision for advisory and project managementservices for all its projects SIPL seeks great advantage from over 25 years’experience of relationships established by SEL our corporate promoter with its recordexecution of projects in the construction activities in the transport mining andirrigation sectors.

I believe that success ensued is a comprehensive derivation of expertise in managerialabilities by conflationof our Engineering with Management staff. Their continuousendeavour to realise the visions and missions of the organisation with utmosttransparency accountability and equity in all facets of its operations is what makesSIPL extant. We maintain that an individual gains ample opportunities for both personaland professional growth with the organisation.

Under adjuration of combining proficiency with experience and dynamic predilectionyour Company fulfils its objectives of harbouring exceptional talents with passionatedrive and nurture them with skills honed to perfection. We at SIPL have established aweb like network of communication channels which systemizes and strengthens internal aswell as external communication for better understanding between the infrastructural needsof the market and deliverance of extraordinary output.

According to Abraham Lincoln "Commitment is what transforms a promise intoreality." Our commitment lies within our promise to shape the nation of tomorrowtransformed by ‘tomorrow’. Thereby I take this opportunity to thank each andevery stakeholder of SIPL who plays an important role in spreading our roots deep into asuccessful reality. We also uphold our appreciation for our customers shareholders andlenders for joining us in this continuous effort to diversify and succeed. Hence on youras well as on behalf of the Board of Directors I congratulate a congenial supportextended by the employees of SIPL to unveil yet another copious display of spectacularperformance. I encourage them to keep building trust in the capabilities of one-self andthe team. I would like to thank you all for your constant interest and esteemed presenceand congregated interest in the Company.

Regards

Shashin V. Patel