GAYATRI PROJECTS LIMITEDSteel Ltd., construction & raising of ash pond dykes to ancillary works for NALCO Ltd. Etc. We have executed 9 highway andrunway <strong>projects</strong>, 8 site leveling <strong>projects</strong> and 3 industrial <strong>projects</strong> amounting to Rs. 57562 lakhs, Rs. 9433 lakhs and Rs.3478 lakhs respectively.We are currently executing <strong>projects</strong> amounting to Rs. 1,04,654 lakhs of Public works /Irrigation Departments of various StateGovernments namely Andhra Pradesh, Madhya Pradesh, Chattisgarh and Gujarat and for other clients. Out of the <strong>projects</strong>in hand, the highways constitutes <strong>projects</strong> amounting to Rs. 40,386 lakhs, irrigation <strong>projects</strong> Rs. 63,068 lakhs and otherworks constitutes Rs. 1,200 lakhs. In addition, we are also executing <strong>projects</strong> in our various joint ventures/ in SPV in whichour share of contract value to be executed, works out to around Rs. 1,35,335 lakhs which includes our share of contractsamounting to Rs. 15600 lakhs on BOT basis and Rs. 63115 lakhs on annuity basis. In addition our Company has beenawarded a contract on July 7, 2006 for Rs 6517.85 lakhs for Rehabilation and upgrading of Ambikapur (km 4) to Semersot(km 65) Section in Chhattisgarh by Director, PIU, ADB Project, Raipur. Most of these <strong>projects</strong> would be completed withinperiod of 36-42 months.Our Company is an ISO 9001 – 2000 engaged in execution of major Civil Works including Concrete/Masonry Dams, EarthFilling Dams, National Highways, Bridges, Canals, Aqueducts, Ports, etc.Our StrengthsExperience and track recordOur Company has executed several construction <strong>projects</strong> during the last 16 years. In the course of our business, we haveconstructed about 644.00 Km of the Highways and 1113.00 Km of Irrigation Canals. We have executed 21 irrigation <strong>projects</strong>amounting to Rs. 58399 lakhs. We have completed irrigation <strong>projects</strong> such as Construction of five packages of NarmadaMain Canal comprising of the 50.60 Km, Upper Krishna Project comprising of 44.00 Km, Sriram Sagar Project comprising of954.00 Km and KC Canal comprising of 64.00 Km. The total cost of these four Narmada Canal <strong>projects</strong> amounting to Rs.15990 lakhs. We have also executed Indi Branch Canal of Upper Krishna Project amounting to Rs. 13084 lakhs.We have executed 7 <strong>projects</strong> for construction of dams and reservoir amounting to Rs. 7533 lakhs, in which major onesinclude construction of Kaniti Balancing Reservoir for Vishakhapatnam Steel Plant, construction of raw water pond for JindalVijaynagar Steel Ltd., construction & raising of ash pond dykes to ancillary works for NALCO Ltd. Etc. We have executed 9highway and runway <strong>projects</strong>, 8 site leveling <strong>projects</strong> and 3 industrial <strong>projects</strong> amounting to Rs. 57562 lakhs, Rs. 9433 lakhsand Rs. 3478 lakhs respectively.Operations spread across various sectors of infrastructure developmentOur Company has executed various <strong>projects</strong> in different sectors of infrastructure like highway, irrigation <strong>projects</strong>, massexcavation, ports, airports and industrial civil works. Such diversification in different sectors enables us to reduce dependenceon any one sector or nature of the project.Large fleet of Construction EquipmentOur Company owns a fleet of construction equipments comprising of heavy earth moving machines such as hydraulicexcavators, loaders, dozers, earth compacters, concreting plants such as batching plants, concrete mixers, transit mixers,concrete pavers, road equipment such as vibratory tandem rollers, electric paver finishers, mechanical paver finishers, hotmix plants, static rollers, truck mounted pressure bitumen sprayer, integrated stone crushing plants, quarry equipments likewagon drills, jack hammers, air compressors, transportation equipments such as cars and jeeps, tippers, tractors, watertankers, trailers, fabrication and erection plant such as welding generators, gas cuttings sets, work shop equipments, cranes,generators and other miscellaneous equipments.Projects under Construction/to be completedWe are currently executing <strong>projects</strong> amounting to Rs. 104,654 lakhs of Public works /Irrigation Departments of various StateGovernments namely Andhra Pradesh, Madhya Pradesh, Chattisgarh and Gujarat and for other clients. Out of the <strong>projects</strong>in hand, the highways constitutes <strong>projects</strong> amounting to Rs. 40,386 lakhs, irrigation <strong>projects</strong> Rs. 63,068 lakhs and otherworks constitutes Rs. 1,200 lakhs. In addition, we are also executing/allotted <strong>projects</strong> in our various joint ventures (includingBOT <strong>projects</strong> for which SPV have been formed or are in the process of being formed) in which our share of contract valueto be executed, works out to around Rs. 1,35,335 lakhs. In addition our Company has been awarded a contract on July 7,2006 for Rs 6517.85 lakhs for Rehabilation and upgrading of Ambikapur (km 4) to Semersot (km 65) Section in Chhattisgarhby Director, PIU, ADB Project, Raipur. Most of these <strong>projects</strong> would be completed within period of 36-42 months.2
Qualified Employees and Management teamWe have a qualified and experienced skilled manpower including Engineers and Engineering Diploma Holders. In addition,we have casual and temporary contract labour in the project sites. The skills and diversity of the employees gives the flexibilityto adapt to the needs of various <strong>projects</strong>. Our Company’s management team is qualified and experienced in the industry andhas been responsible for execution of diverse <strong>projects</strong>.Business StrategyWe recognize the importance of the construction industry in India – especially the importance given by the Government ofIndia to make up deficits in infrastructure rapidly. At the same time, we recognize that the “Construction” industry is verybroad in its scope covering construction of various sub-types of infrastructure – including, road, ports, water utilities buildings,industrial structures etc., and there is a need for specialization in order to develop real depth of expertise in any of these subareas.Our strategic objective is to continue to improve and consolidate our position as a leading Construction Company and weaim to achieve this by implementing the following strategies:Experience in Road ProjectsWe have experience of around 16 years in road construction and we will continue to bid for the road related infrastructure<strong>projects</strong>, leveraging and expanding our operations in pre-qualification and there by participating in more States and Regionsand gaining access to more complex <strong>projects</strong>.We have setup a base of operation capitalizing on our local experience, established contracts with local clients and suppliersand also familiarity with local working conditions. In pursuing our strategies, we seek to identify markets where we believewe can provide cost and operational advantages to our clients. In order to expand our operation we also identify and associatewith Joint Venture partners whose resources, capabilities and strategies are complementary to and are likely to increase ourbusiness operations.Focus on Irrigation ProjectsIrrigation is one of the main focus areas of various State Governments. We have experience in execution of various irrigation<strong>projects</strong> in the State of Andhra Pradesh. We have tied-up with JV Partner in handling irrigation project. We intend to utilizeour experience in the irrigation <strong>projects</strong> and our large equipment base to benefit from the increasing demand for irrigation<strong>projects</strong> in India. We intend to extend our operations to other Irrigation Projects of various State Governments such as Orissa,Madhya Pradesh, Gujarat and Maharastra.Expand our operations to industrial construction <strong>projects</strong>We have knowledge and experience of handling various industrial <strong>projects</strong>. We have executed various site preparation andgrading, construction of roads, drains, ponds, reservoirs and industrial structures for reputed companies like NFCL, ReliancePetroleum, Jindal Vijzayanagar Steel, Visakhapatnam Steel Plant, HPCL, etc. We have also executed specialized works forIndian railways, Ports and Airport Authority. We have executed “Construction of Railway line in 3 sections i.e. KR-51, KR-55& KR-57 for Koraput-Rayagada Lane, Construction of approach Berths and Back-up area at Kakinada Port for Kakinada SeaPorts Ltd., Andhra Pradesh. We have executed extension and strengthening of Runway at 28th end of Calicut Airport, Calicut.We intend to expand our existing execution capabilities in industrial construction <strong>projects</strong>.Focus on BOT ContractsWe are at present executing a BOT project namely “Meerut-Muzaffarnagar Road Project” jointly along with other partners.We intend to focus on executing different BOT <strong>projects</strong> on annuity basis as such these contracts have relatively low riskcompared to tolling contracts. Most of BOT contracts are obtained through a competitive bidding process. In selecting contractorsfor major project, clients generally limit the tenders to the contractors who are pre-qualified based on several criteria includingexperience, technological capacity and performance, reputation of quality, financial strength, net worth, bonding capacityand size of previous contracts executed and competitive price.Improve our engineering capabilitiesWe aim to improve our capabilities to focus on pursuing EPC contracts as such contracts enable us to become the maincontractor on our <strong>projects</strong> and provide us with the opportunity to Bid on higher number of critical <strong>projects</strong>. With this view, weare continuing to strengthen our engineering capabilities to enable us to provide engineering services so as to win differentEPC <strong>projects</strong> and also to provide engineering and designed consultancy services to clients.3
- Page 2 and 3: TABLE OF CONTENTSPAGE NO.SECTION I:
- Page 4 and 5: GAYATRI PROJECTS LIMITEDTermsBidder
- Page 6 and 7: GAYATRI PROJECTS LIMITEDTermsDescri
- Page 8 and 9: GAYATRI PROJECTS LIMITEDTermsBOTCAR
- Page 10: GAYATRI PROJECTS LIMITEDTermsNSDLNS
- Page 13: RISK FACTORSAn investment in equity
- Page 16 and 17: GAYATRI PROJECTS LIMITED8. Our Prom
- Page 18 and 19: GAYATRI PROJECTS LIMITEDMain Object
- Page 20 and 21: GAYATRI PROJECTS LIMITEDWe have exe
- Page 22 and 23: GAYATRI PROJECTS LIMITEDthe occurre
- Page 24 and 25: GAYATRI PROJECTS LIMITED34. Some of
- Page 26 and 27: GAYATRI PROJECTS LIMITEDEXTERNAL RI
- Page 28 and 29: GAYATRI PROJECTS LIMITEDfor a secti
- Page 32 and 33: GAYATRI PROJECTS LIMITEDSUMMARY OF
- Page 34 and 35: GAYATRI PROJECTS LIMITEDTHE OFFERPA
- Page 36 and 37: GAYATRI PROJECTS LIMITEDFor further
- Page 38 and 39: GAYATRI PROJECTS LIMITEDSYNDICATE M
- Page 40 and 41: GAYATRI PROJECTS LIMITEDThe Hongkon
- Page 42 and 43: GAYATRI PROJECTS LIMITEDThe price d
- Page 44 and 45: GAYATRI PROJECTS LIMITEDCAPITAL STR
- Page 46 and 47: GAYATRI PROJECTS LIMITEDDate of No.
- Page 48 and 49: GAYATRI PROJECTS LIMITED4. There ha
- Page 50 and 51: GAYATRI PROJECTS LIMITED22. Not mor
- Page 52 and 53: GAYATRI PROJECTS LIMITEDLimited wil
- Page 54 and 55: GAYATRI PROJECTS LIMITEDOther Impor
- Page 56 and 57: GAYATRI PROJECTS LIMITEDDividendsIf
- Page 58 and 59: GAYATRI PROJECTS LIMITEDPursuant to
- Page 60 and 61: GAYATRI PROJECTS LIMITEDNomination
- Page 62 and 63: GAYATRI PROJECTS LIMITED3. Return o
- Page 64 and 65: GAYATRI PROJECTS LIMITEDTAX BENEFIT
- Page 66 and 67: GAYATRI PROJECTS LIMITEDcontrol reg
- Page 68 and 69: GAYATRI PROJECTS LIMITEDINDUSTRY OV
- Page 70 and 71: GAYATRI PROJECTS LIMITEDFour-laning
- Page 73 and 74: wagon drills, jack hammers, air com
- Page 75 and 76: Top 5 major assignments completed u
- Page 77 and 78: The details of top 5 road sector pr
- Page 79 and 80: Tendering ActivityA brief flow char
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We enter into contracts primarily t
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S. Favouring BG No. BG Date Expiry
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Memorandum of UnderstandingIn addit
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project to pool in their own resour
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Following are the number of employe
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Syndicate OSL (ST) 1500.00 PLR + 1%
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REGULATIONS AND POLICIESThere are n
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OUR HISTORY AND CERTAIN CORPORATE M
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Date of ChangeJuly 10, 1996Particul
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Sl. Name, Designation, Father’s N
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Compensation paid to Managing Direc
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Management Organisation ChartKey Ma
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Mr. Brahmaiah Lingam, D G M (Techni
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INFORMATION OF OUR PROMOTER GROUP C
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Banksi) Term Lenders (PNB and Andha
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Name of Institution / Bank Principa
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Shareholding Pattern as on August 3
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Board of Directors1. Mr. T V Sandee
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9. M/s Gayatri Digisoft Technologie
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Brief Financials(Rs. in Lakhs)Parti
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Board of Directors1. Mrs. T. Indira
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Brief Financials(Rs. in Lakhs)Parti
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Indira Publications Private Limited
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However the firm was corporatized,
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Board of Directors1. Ms. T Indira R
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Shareholding Pattern as on August 3
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Brief Financials(Rs. in Lakhs)Parti
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Brief Financials(Rs. In Lakhs)Parti
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Brief Financials(Rs. in Lakhs)Parti
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Brief Financials(Rs. in Lakhs)Parti
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Brief Financials(Rs. In Lakhs)Parti
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Benefit of the Joint VentureTo obta
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Related Party Transactions as per A
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DIVIDEND POLICYThe declaration and
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SCHEDULE-ISTATEMENT OF RESTATED ASS
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ANNEXURE II-AConsolidated Notes to
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8. Related Party Transactions as pe
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10. Accounting for taxes on IncomeA
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18.3.1. Expenditure in foreign curr
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SCHEDULE-VCAPITALIZATION STATEMENT(
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SCHEDULE-IXDETAILS OF LOANS AND ADV
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Details of related parties:Associat
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MANAGEMENT’S DISCUSSION AND ANALY
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Our Results of OperationsAs a resul
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ExpenditureOur expenditure consists
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DepreciationDepreciation increased
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Status of any publicly announced Ne
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lakhs (for value of work done upto
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11. Gayatri Projects Limited vs. St
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V. Ramulamma vs. Gayatri Projects L
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Govt. of Andhra Pradesh vs. Gayatri
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for Loss of Profit suffered by the
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whether the claimant is a small sca
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Govt. of India and South Indian Mil
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and Other Claims. The total amount
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GOVERNMENT AND OTHER APPROVALSIn vi
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S. No. Name of State Type of regist
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(Rs. in lakhs)Financial Year 2001-0
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Regional Rural Banks, Co-operative
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Activity (Rs. In Lakhs) % of Total
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ii. Gayatri Sugars Limited (erstwhi
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OFFER STRUCTUREPublic Issue of 29,0
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OFFER PROCEDUREBook Building Proced
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The above information is given for
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6. Each Bid cum Application Form wi
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Each category of Bidders i.e. QIBs,
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Price Discovery and Allocation1. Af
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of PAN along with the application f
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By signing the Bid-cum-Application
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No separate receipts shall be issue
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All Bidders can seek allotment only
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3. For QIB BiddersBids received fro
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2. Direct Credit - Applicants havin
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As per the current regulations, OCB
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Such offer shall be made by a notic
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for all his shares of each class wi
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Directors, and the forfeiture shall
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Renewal of share warrantThe board m
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ALTERATION OF CAPITALIncrease of ca
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estrictions as the Company in Gener
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Chairman of general meetingWhen if
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P r o x yTime for deposit of instru
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Additional DirectorRemoval of Direc
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draft thereof in writing is circula
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Reserve and depreciation fundsDivid
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Service by postMember resident abro
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INDEMNITYEvery Director, Auditor, O
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11. Consent letters from Promoters,
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