GAYATRI PROJECTS LIMITED Contract Labor (Regulation and Abolition) Act, 1970; Building and Other Construction Workers (Regulation of Employment and Conditions of Service) Act, 1996; Inter State Migrant Workers Act, 1979; Employees’ State Insurance Act, 1948. Employees’ Provident Funds and Miscellaneous Provisions Act, 1952. Payment of Gratuity Act, 1972. Shops and Commercial Establishments Acts, where applicable. Environment Protection Act, 1986; Water (Prevention and Control of Pollution) Act, 1974; Air (Prevention and Control of Pollution) Act, 1981; Minimum Wages Act; Hazardous Waste (Management and Handling) Rules, 1989; and Hazardous Chemicals Rules, 1989. Weights and Measures Act Petroleum Act, 1934 Maharashtra Sales Tax on Professions, Trade, Calling and Employment Act, 1975 Andhra Pradesh State Tax on Professions, Trade, Calling and Employment Act, 1987 Motor Transport Workers Act, 1861 Employees Provident Fund and Miscellaneous Provisions Act, 1952 Central Sales Tax Act Local Sales Tax Acts in Karnataka, Andhra Pradesh, Orissa, Madhya Pradesh, Gujarat, Uttar Pradesh and Assam66
OUR HISTORY AND CERTAIN CORPORATE MATTERSOur company was originally incorporated on September 15, 1989 as Andhra Costal Construction Private Limited in the stateof Andhra Pradesh for undertaking construction activities. The name of the company was changed to Gayatri Projects PrivateLimited with effect from March 31, 1994 and was converted into a public <strong>limited</strong> Company on December 2, 1994. On April 1,1994 Gayatri Projects Private Limited took all the assets and liabilities of Gayatri Engineering Company, a partnership firmwhich was established in the year 1975 as a “Special Class Contractors” on a going concern basis. Gayatri EngineeringCompany had been undertaking civil and engineering works of various state governments, central governments, public /autonomous bodies / corporations.Our Company has executed different construction <strong>projects</strong> during the last 16 years and gained adequate experience. Wehave constructed 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 ofNarmada Main Canal comprising of the 50.60 Km, Upper Krishna Project comprising of 44.00 Km, Sriram Sagar Projectcomprising of 954.00 Km and KC Canal comprising of 64.00 Km. We have executed 7 <strong>projects</strong> for construction of dams andreservoir amounting to Rs. 7533 lakhs, in which major ones include construction of Kaniti Balancing Reservoir forVishakhapatnam Steel Plant, construction of raw water pond for Jindal Vijaynagar Steel Ltd., construction & raising of ashpond dykes to ancillary works for NALCO Ltd. etc. We have executed 9 highway and runway <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. Our <strong>projects</strong> arelargely concentrated in the Southern and Western Regions.Our 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.We are currently executing <strong>projects</strong> amounting to Rs. 105,016 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. 40,700 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 which our shareof contract value to be executed, works out to around Rs. 69,000 lakhs. 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.MilestonesYearParticulars1989-90 Incorporation of the Company as “Andhra Coastal Construction Private Limited” on September 15,1989 in the state of Andhra Pradesh1993-94 Name of the Company changed to Gayatri Projects Private Limited with effect from March 31, 19941994-95 Converted into a Public <strong>limited</strong> company with effect from December 2, 1994· Investment by Videocon Appliances Limited and Videocon International Limited into shares ofthe Company at a premium of Rs. 97/-. The Company took over all the assets and liabilities of Gayatri Engineering Company.1996-97 Completed construction of ‘S’ Bund and Platforms at Kakinada Port Project funded by ADB. Successfully completed filling of 50.00 Lakh cum. In a record time of 8 months at ReliancePetroleum Limited Project, Jamnagar.· The registered office of the company was shifted from Andhra Pradesh to Maharashtra.67
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TABLE OF CONTENTSPAGE NO.SECTION I:
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GAYATRI PROJECTS LIMITEDTermsBidder
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GAYATRI PROJECTS LIMITEDTermsDescri
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GAYATRI PROJECTS LIMITEDTermsBOTCAR
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GAYATRI PROJECTS LIMITEDTermsNSDLNS
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RISK FACTORSAn investment in equity
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GAYATRI PROJECTS LIMITED8. Our Prom
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GAYATRI PROJECTS LIMITEDMain Object
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GAYATRI PROJECTS LIMITEDWe have exe
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GAYATRI PROJECTS LIMITEDthe occurre
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GAYATRI PROJECTS LIMITED34. Some of
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GAYATRI PROJECTS LIMITEDEXTERNAL RI
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GAYATRI PROJECTS LIMITEDfor a secti
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GAYATRI PROJECTS LIMITEDSteel Ltd.,
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GAYATRI PROJECTS LIMITEDSUMMARY OF
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GAYATRI PROJECTS LIMITEDTHE OFFERPA
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GAYATRI PROJECTS LIMITEDFor further
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GAYATRI PROJECTS LIMITEDSYNDICATE M
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GAYATRI PROJECTS LIMITEDThe Hongkon
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GAYATRI PROJECTS LIMITEDThe price d
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- Page 46 and 47: GAYATRI PROJECTS LIMITEDDate of No.
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- Page 60 and 61: GAYATRI PROJECTS LIMITEDNomination
- Page 62 and 63: GAYATRI PROJECTS LIMITED3. Return o
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- Page 68 and 69: GAYATRI PROJECTS LIMITEDINDUSTRY OV
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- Page 77 and 78: The details of top 5 road sector pr
- Page 79 and 80: Tendering ActivityA brief flow char
- Page 81 and 82: We enter into contracts primarily t
- Page 83 and 84: S. Favouring BG No. BG Date Expiry
- Page 85 and 86: Memorandum of UnderstandingIn addit
- Page 87 and 88: project to pool in their own resour
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- Page 91 and 92: Syndicate OSL (ST) 1500.00 PLR + 1%
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- Page 97 and 98: Date of ChangeJuly 10, 1996Particul
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- Page 103 and 104: Management Organisation ChartKey Ma
- Page 105 and 106: Mr. Brahmaiah Lingam, D G M (Techni
- Page 107 and 108: INFORMATION OF OUR PROMOTER GROUP C
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- Page 111 and 112: Name of Institution / Bank Principa
- Page 113 and 114: Shareholding Pattern as on August 3
- Page 115 and 116: Board of Directors1. Mr. T V Sandee
- Page 117 and 118: 9. M/s Gayatri Digisoft Technologie
- Page 119 and 120: Brief Financials(Rs. in Lakhs)Parti
- Page 121 and 122: Board of Directors1. Mrs. T. Indira
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- Page 127 and 128: However the firm was corporatized,
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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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