You are here » Home » Companies ยป Company Overview » Sadbhav Infrastructure Projects Ltd

Sadbhav Infrastructure Projects Ltd.

BSE: 539346 Sector: Infrastructure
NSE: SADBHIN ISIN Code: INE764L01010
BSE 00:00 | 27 Jan 5.35 -0.15
(-2.73%)
OPEN

5.26

HIGH

5.51

LOW

5.26

NSE 00:00 | 27 Jan 5.35 -0.15
(-2.73%)
OPEN

5.45

HIGH

5.50

LOW

5.25

OPEN 5.26
PREVIOUS CLOSE 5.50
VOLUME 27390
52-Week high 14.80
52-Week low 4.95
P/E
Mkt Cap.(Rs cr) 188
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 5.26
CLOSE 5.50
VOLUME 27390
52-Week high 14.80
52-Week low 4.95
P/E
Mkt Cap.(Rs cr) 188
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

My warm greetings to all of you. I hope you and your loved ones aresafe and in good health. The financial year 2021-22 has gone through the secondconsecutive year under the Covid-19 pandemic. The past two years have been difficultunpredictable and challenging for the world to say the least. We are confronting repeatedwaves of pandemic-led disruptions with uncertainty still looming over the spectrum of theworld economies. There is longer-term uncertainty about the post-Covid world due to rapidchanges and shifts in technology consumer behaviour supply chains geopolitics climatechange and a host of other factors dampening the optimism over the pace of recovery.

The year 2021-22 can well be called a period of revival from thechallenges and distressing situations encountered in the last couple of years. Globalindustrial activity continued to be affected by the disruptions caused by the pandemic.While the Indian industry was no exception to these interferences its performance showedstrong signs of improvement in 2021-22. Gradual unlocking of the economy recordvaccinations improvement in consumer demand continued policy support towards industriesby the Government in the form of Atma Nirbhar Bharat Abhiyan and further reinforcementsduring the fiscal together led to an upturn in the performance of the industrial sector.

Sadbhav Infrastructure Project Limited (SIPL) has been one of the keycontributors in infrastructure sector dedicated for the nation building and playing animportant role in the development operation and maintenance of highways roads and otherservice infrastructure. SIPL is having portfolio of 11 projects that consists of 2operational BOT (Toll) projects 9 Hybrid Annuity Mode ("HAM") projects. Duringthe financial year 2 BOT projects named Rohtak-Panipat Tollway Private Limited (RPTPL)and Rohtak-Hissar Tollway Private Limited (RHPL) were terminated pursuant to theConcession with National Highways Authority of India (NHAI) due to forceful suspension oftoll collection/ User Fee because of the farmers' agitation / protest with effect fromDecember 25 2020 in the state of Haryana and nearby state. Company has filed requisiteclaim papers with NHAI towards recovery of termination claim pursuant to ConcessionAgreement. Further during the financial year SIPL has executed Share Purchase Agreement(SPA) with Adani Road Transport Limited (ARTL) for sale of its equity shares ofMaharashtra Border Check Post Network Limited (MBCPNL) a wholly owned step down subsidiaryof the Company. Further SIPL is also in process of churning of its assets.

In the past two years of which we are hopeful we have seen the peak ofCovid-19 we have ensured that our staff was cared for and supported. We extended theflexibility to work from home to our team while respecting and following all theGovernment recommended and mandated guidelines and protocols. Your Company has beenfocusing on training and development of its employees. We have created a cohesive internalculture provide equal opportunity of growth to all the employees and provide the perksand remunerations matching the industry standards and statute. Our internal SOPs have beenaligned keeping in view safety health and environment norms. Your Company keeps onenhancing efficiency by utilizing advanced technologies. We are committed to takecontinuous steps for improvement in the bottom line of the Company.

During the year your company has consolidated its operations and hascoursed strategic manoeuvring. At standalone level your Company has reported the Revenuefrom Operations amounting to Rs. 2042.10 million as against Rs. 1927.55 million in theprevious year. The Net Loss for the year was Rs. 1916.46million as against net profit ofRs. 218.93 million reported in the previous year.

The Consolidated Revenue from Operations was Rs. 9623.25 million asagainst Rs. 12807.88 during the previous year. The Consolidated Net Loss was Rs. 212.78million as loss of Rs. 2783.00 million in previous year.

I am thankful to all the shareholders customers governmentauthorities financers suppliers vendors employees and community at a large forsupporting us in serving the nation. On behalf of the board of directors I assure youthat your company will continue to strive and remain focused on creating more value forall. I would like to thank the entire team at SIPL for their untiring efforts andpersistent commitment to achieve the high goals we have set.

Shashin V. Patel

Chairman

.