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Gammon India Ltd sees FY09 topline at Rs 3K cr

August 2, 2008

Gammon India has declared its results for the quarter ended June 2008 (Q1). The company’s standalone net sales were at Rs 585.24 crore versus Rs 540.31 crore.

Parvez Umrigar , MD, Gammon Infrastructure Projects said that Gammon India Limited, the contracting arm of the company will book a topline turnover of Rs 3,000 crore for the current year. He added that Gammon Infrastructure, the development arm is more of a value based play and they have capital investment plans of around Rs 7,500 crore scattered over the next few years.

Excerpts from CNBC-TV18’s exclusive interview with Parvez Umrigar:

Q: Numbers look good, Operating profits margins stood at about 71%, the key concern right now is whether are not incremental orders are expected to slow down and more importantly for the current order book that you enjoy at Rs 9,500 crore is there an issue on execution?

A: The privatization space across the sectors continues to keep pace and infact the government has given us a choice that would like to promote more on a privatization model.

We have had some slow down in the road sector because the implementation under NHI new model agreement have had some issues raised by some developers and that once in a while you do change a model agreement so those things arise but otherwise if you see the action in BOT (Build, Operate, Transfer) space for example the government just announced the qualifications of Ennore.

Q: So out of the Rs 9,500 crore of order book, how much execution will be possible in this year and the incremental orders that are coming in, what is the average size that you are looking to bid right now?

A: Gammon India Limited, the contracting arm will book a topline turnover of Rs 3,000 crore for the current year. Gammon Infrastructure, the development arm is more of a value based play and they have capital investment plans of around Rs 7,500 crore scattered over the next few years.

Q: We understand you have 14 projects underway, what is the kind of outlay for these projects?

A: The 14 Special Purpose Vehicles (SPV) companies that we have has an overall capital outlay of Rs 7,000 crore which would involve an equity investment of Gammon itself of around Rs 500 crore.

Q: What is the overall target for FY09 for Gammon Infrastructure at this point in time and what are the kinds of projects you are bidding for right now?

A: Gammon Infrastructure for the current year we expect to grow our current 14 SPVs by at least four more, there two SPVs where we are lowest in the bid and we await the letter of intent (LOI) ending which we can make the official announcement. The topline for the current year on a turnover basis will be around Rs 250 crore.

Source: moneycontrol.com

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Written by ITW Author · Filed Under Construction, Infrastructure, Investment and Finance, Media, NHAI 

NATIONAL HIGHWAY PROJECTS IN THE NORTH EASTERN REGION

April 8, 2008

Execution of National Highway works in North Eastern Region (NER) is carried out by Border Roads Organisation, National Highways Authority of India and State Public Works Departments (PWDs). Border Roads Organisation is executing NH works in Sikkim and Tripura fully and in other States partly against lump sum amount allocated by the Ministry each year. National Highways Authority of India is executing the special programmes for which Annual Plan is not drawn. PWDs of Arunachal Pradesh, Assam, Manipur, Meghalaya, Mizoram and Nagaland are also engaged to execute NH works in these States on the basis of sanctions accorded by the Ministry in successive annual plans. Eleventh Plan for development of national highways is yet to be finalised by the Government. The amount of works for development of National Highways approved by the Ministry during 2007-08 (1st year of eleventh plan) and the amount of works included in the list of works prepared by Ministry for sanctions during 2008-09 in respect of the above-mentioned 6 States to be executed by 6 PWDs is given below:-

(Rs in crore)

State

Amount of sanctions

accorded during 2007-08

Amount of works listed

for sanctions during 2008-09

Assam

112.12

292.00

Manipur

37.97

99.00

Meghalaya

43.87

264.00

Mizoram

21.95

119.50

Nagaland

47.08

50.50

The expenditure incurred on development of National Highways in NER during 10th Plan is Rs 2383.93 crore. In addition expenditure on development of National Highways have also been incurred on Special Accelerated Road Development Programme in North East (SARDP-NE). The expenditure under SARDP-NE during 2006-07 is Rs 91.65 crore. The budget of 2008-09 is yet to be passed by the Parliament.

Four lane Guwahati bypass was completed during 10th Plan. Karimganj,  Nagaon, Daboka, Lanka, Lumding, Maibang, Udharband, Mahour, Baihata and Agartala  bypasses are under construction and bypasses of Dibrugarh, Tinsukhiya, Makum, Dum Duma, Rupai, Digboi, Margreita, Ledo and North-Lakhimpur in Assam and Shillong, Jowai and Tura bypasses in Meghalaya and Dimapur and Kohima bypasses in Nagaland and Gangtok bypass in Sikkim are in Planning and Survey & Investigation stage.

Timeframe for works of double laning, 4-laning and construction of bypasses approved during 2007-08 is given below:

 List of  works for  double laning, four laning and bypasses approved under Annual Plan during 2007-08

 This information was given  by the Minister of  State for  Shipping, Road Transport and Highways, Shri K.H. Muniyappa in a written reply in the Lok  Sabha today.

Source: pib.nic.in

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Written by ITW Author · Filed Under BOT, Construction 

DR. KARUNANIDHI TO INAUGURATE FOUR NHAI PROJECTS IN CHENNAI

April 4, 2008

DR. KARUNANIDHI TO INAUGURATE FOUR NHAI PROJECTS IN CHENNAI. ALSO TO LAY FOUNDATION STONE FOR FOOT OVER BRIDGE AT CHROMEPET

The Chief Minister of Tamil Nadu Dr. Kalaignar M., Karunanidhi will inaugurate four projects completed at a total cost of Rs. 80 crore by the National Highways Authority of India (NHAI) on Wednesday the 9th April 2008. He will also lay the foundation stone for Foot-over Bridge at Chromepet on the same day.

The function for the inaugural ceremony would be presided over by the Union Minister of Shipping, Road Transport and Highways Thiru T. R. Baalu and the Minister for Local Administration, Government of Tamil Nadu Thiru M.K Stalin would be the Chief Guest. The Guests of honour of the function would be Thiru M.P. Swaminathan, Minister for Highways, Government of Tamil Nadu and Thiru T.M. Anbarasan, Minister for Labour, Government of Tamil Nadu.

The Irumbuliyur Underpass has been built at a cost of Rs. four crore, four-laning of Chennai Bypass Phase-I up to Porur has been completed by NHAI at a cost of Rs. 70 crore, the pedestrian subway at Tirisulam has cost Rs. five crore and the Bus Shelter at Chromepet built under the MPLAD Scheme has cost Rs. 82 lakhs. The completion of the Irumbuliyur Underpass will facilitate right turn for the Tambaram Traffic to access Chennai Bypass and thereby quicker connectivity to the Golden Quadrilateral Corridor.

The Chromepet Foot-over Bridge for which the foundation stone will be laid on Wednesday to facilitate the commuters in crossing NH-45 to access the railway station on the other side and vice versa which provides rail connectivity to southern part of Tamil Nadu, would cost Rs. 2.40 crore.

Thiru T.R. Baalu has expressed the hope that with the completion of these four projects, the people living in and around these areas would be greatly benefited.

Source: pib.nic.in

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Written by ITW Author · Filed Under BOT, CHENNAI, Construction, Expressway, Infrastructure, Investment and Finance, NHAI, NHDP, Projects