Sadbhav Infrastructure Project Limited (SIPL) a subsidiary of Sadbhav EngineeringLimited (SEL) has been scaling new heights by its exemplary performance year over year andsurpassing own landmarks. SIPL has been thriving upon its competencies gained over theyears since its inception in the areas of the development operation and maintenance ofhighways roads and other relative aspects. SIPL is a young organization with just adecade since its incorporation and also with average age of its employees at 31 yearsSIPL is eagerly waiting to contribute towards nation building. It took your company 9years (2008 to 2016) to complete the 11 operational projects however with increase in itsscale of operations and zeal to grow your company is poised to complete 12under-construction projects in next 3 years. Your company's DNA is to do prudent biddingwith focus on reasonable but sustainable returns and we would continue to bid in similarmanner as done in past.
SIPL is a listed road and highways Built Operate and Transfer (BOT) Company with aportfolio of 23 projects which consists of 10 BOT (Toll) projects (9 are operational and 1is partially operational) 1 operational BOT (Annuity) project and 12 Hybrid Annuity Mode(HAM) under-construction projects. Total project cost involving the projects (includingunder construction) of approximately ` 219 bn (Lane km of operational projects are 3338lane km of under construction projects are 2457 and total project cost of operationalprojects are ` 110 bn and total project cost of under construction projects are` 119 bn).Eight out of 11 operational projects have credit rating of A- or above. With an averageresidual life of 15 years SIPL's entire portfolio of current BOT projects exhibits astability of revenue.
SIPL has charted an upward route for itself by expanding under selectively diversifiedportfolio located in high growth states of India (Haryana
Rajasthan Gujarat Maharashtra Karnataka and Telngana) and other importantcorridors simultaneously creating a value for its investors. Apart from a fabulous trackrecord of timely completion of projects your Company also enjoys the benefit of being anintegrated structured with presence across the entire road sector value chain with strongfinance execution and toll collection and O&M capabilities.
As the macro-economic scenario across the world is fast-changing infrastructuredevelopment sector has become core focus area. SIPL has posted substantial growth overprevious year and has generated total revenue of
` 3377.92 mn on standalone basis and net profit of ` 677.40 mn for the financial yearending March 2018. With an unflinching commitment of creating high quality constructionwork alongside a provision for advisory and project management services for all itsprojects SIPL seeks great advantage from over 30 years of relationships established bySEL our corporate promoter with its record execution of projects in the constructionactivities in transport mining and irrigation sectors.
Scaling new heights has been achieved due to unwavering commitment of our managementand employees to innovate and augment all our processes skills and operations. In all ourendeavours we try to follow our vision and mission with an equal emphasis on values liketransparency accountability and equity which are intrinsic to our culture.
We have created a congenial internal environment that provides ample opportunities ofgrowth to an individual and opportunities to enhance one's skills. This has resulted inpassion perfection and progressive outlook of employees to achieve goals set for them.
We engage with all our internal and external stakeholders through differentcommunication mediums and make all efforts to understand and map their expectations. Thishelps us to bridge the gap by taking necessary initiatives and make our bond stronger.
I hereby take this opportunity to thank all our stakeholders on behalf of Board ofDirectors for their continued patronage and making our endeavour successful. I alsoappreciate all our clients shareholders financers for endorsing our growth strategiesand motivating us to achieve what we have envisioned. I assure you that SIPL will leave nostone unturned to reach new echelons of success and add value to your investment in ourCompany. We at SIPL are committed to usher in the better future for the Company.
|Shashin V. Patel |