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CORPORATE PRESENTATION
2
Index
Sr. No Particulars Page No.
1 Company Overview 3
2 Roadmap so far 4
3 The IRB Group 5
4 Organization Structure 6
5 Recent Development : IRB Empowers….. 7
6 Major BOT Infrastructure Development Projects – Mumbai Pune Project 8
7 Major BOT Infrastructure Development Projects – Bharuch Surat Project 9
8 Major BOT Infrastructure Development Projects – Surat Dahisar Project 10
9 Major BOT Infrastructure Development Projects – Thane Ghodbunder Project 11
10 Major BOT Infrastructure Development Projects – IRDP Kolhapur BOT Project 12
11 Overview IRB’s Market Share 13
12 Breakup of Order Book 14
13 Opportunities captured 15
14 Upcoming opportunities 16-18
15 Recent Diversification 19-20
16 Consolidated Financial Results as on March 2009 21-22
17 Quarterly Comparative of Consolidated toll revenue of Operational BOTs 22
18 Comparative of BOT Toll Revenue for last three years 24
19 Reducing the dependency on Revenue of Mumbai – Pune Project 25
20 Corporate Recognition 26
3
• Construction and development of Highway Infrastructure- Government contracts for rural and urban roads infrastructure projects.
• Development and Operation of BOT projects- Operate infrastructure asset during agreed concession period.- Maintain and manage asset for agreed concession period.- Revenue generation through charges, fees, tolls or annuities.- Ownership transferred back to government after the expiration of the concession period.
• Proposed real estate development- Proposed integrated township development of 1400 acres alongside the Mumbai-Pune Expressway.- Land acquisition of approximately 1250 acres completed.- Proposed acquisition of land reserves of 150 acres.
Focus Verticals
Company Overview
• Experts in road infrastructure projects on Build, Operate & Transfer (BOT) basis.• The country’s first ever BOT project (Thane Bhiwandi Bypass) was executed by the group.• Total length of around 800 kms as BOT operator, being one of the largest BOT portfolio in the country• IRB holds a market share of 7.56% on the Golden Quadrilateral.
Credentials
• IRBIDL was incorporated in 1998, with strong inhouse integrated execution capabilities.• The group has successfully executed numerous projects in the roads and highways sector, including improvement of
National highways and remarkable sections in Golden Quadrilateral.• IRB is a leading Toll Road operator in the country today.
IRB Group
4
IRB Infrastructure Developers was
incorporated
Roadmap so far
Successful launch of IRB’s Initial Public Offering.
(Raised Rs. 9.45 billion)Issue Price was Rs. 185.00
Current Share Price is Rs. 243.15
1977
2004
2006
2009
IRBPL was incorporated
Paid Upfront payment of Rs. 9,180 million to MSRDC for Mumbai – Pune Project
Paid Negative grant of Rs. 5,040 million to NHAI for Bharuch - Surat
1995
First venture in BOT (Thane – Bhiwandi Bypass Phase 1 – 25 Kms)
2008
1998
2009
Financial closure was achieved for Surat Dahisar project. Debt component tied
up amounting to Rs. 19560.00 mn
Financial Closure was achieved for the Project of Integrated
Road Development programme in Kolhapur city. Debt tied up amounting to Rs. 2580.00 Mn
2009
Bagged 4 Nos. of NHAI Projects on DBFOT Pattern namely Panji Goa in the State of Goa, Amritsar Pathankot in the state of Punjab, Talegaon Amravati in the state of Maharashtra and Jaipur Deoli in
the state of Rajasthan aggregating to Rs. 43000.00 Mn
Bagged Greenfield Airport Project in the Sindhudurg District, Maharashtra. Project Development Agreement
executed with Maharashtra Industrial Development Corporation (MIDC). Estimated cost is Rs. 1500.00 Mn. This is firstever Airport Project in IRB’s portfolio
2009
5
The IRB Group
IRB INFRASTRUCTURE DEVELOPERS LIMITED
Modern Road Makers Pvt. Ltd. (MRM)(Engineering & Construction Arm)
Aryan Toll Road Pvt. Ltd. (ATRPL)(Pune – Solapur BOT) – 29.81 kms-NH 9)
IDAA Infrastructure Pvt. Ltd. (IDAA)(Bharuch – Surat BOT) 65 kms – NH 8
NKT Road & Toll Pvt. Ltd. (NKT)(Ahmednagar – Karmala – Tembhurni Road) – 60 kms
IRB Infrastructure Pvt. Ltd. (IRB Infra)(Bridge over Patalganga River-Kharpada BOT) 1.4 kms
Thane Bhiwandi Bypass BOT – 25 kmsKaman Paygaon BOT* – 22 kms – SH 4
Mhaiskar Infrastructure Pvt. Ltd. (MIPL)(Mumbai – Pune BOT) – 206 kms – MPEW & NH4
Thane Ghodbunder Toll Road Pvt. Ltd. (TGTRPL)(Thane Ghodbunder Toll Road BOT) – 14.90 kms
ATR Infrastructure Pvt. Ltd. (ATR Infra)(Pune – Nashik BOT) – 29.81 km-NH 50
Ideal Road Builders Pvt. Ltd. (IRBPL)
Aryan Infrastructure Investments Pvt. Ltd. (AIIPL)(Land Bank adjoining the MPEW)
MMK Toll Road Pvt. Ltd. (MMK)(Mohol-Kurul-Kamati-Mandrup Road) – 33 kms SH 149
Real Estate
Roads 100%
100%
100%
100%
100%1
100%2
100%3
100%4
100%5
100%6
66%
IRB Surat Dahisar Tollway Private Limited ( IRBSDTPL)(Surat – Dahisar Road ) – 239 kms NH-8
IRB Kolhapur Integrated Road Development Company Pvt. Ltd. (IRBKIRDCPL) Integrated Road Development in the city of Kolhapur
90%
100%7
Aryan Hospitality Private Limited (AHPL)
Notes:1. The Company’s 100% in MIPL is made up of the following:
a) 74% held by IRBb) 26% held by IRBPL
2. The Company’s 100% in TGTRPL is made up of the following:a) 74% held by IRBb) 26% held by IRBPL
3. The Company’s 100% in IDAA is made up of the following:a) 53.29% held by IRBb) 10.81% held by ATRPLc) 23.75% held by ATR Infrad) 12.05% held by IRBPL
4. The Company’s 100% in NKT is made up of the following:a) 53.33% held by IRBb) 46.67% held by IRBPL
5. The Company’s 100% in IRB Infra is made up of the following:a) 80.15% held by IRBb) 19.85% held by IRBPL
6. The Company’s 100% in MMK is made up of the following:a) 100% held by IRBPL
7. The Company’s 100% in IRB Kolhapur Integrated Road Development Company Pvt. Ltd is made up of the following :a) 80 % by IRBb) 10 % by MRMPLc) 10 % by ATR Infra
8. The Company’s 100% in Aryan Hospitality Private Limited is made up of the followinga) 90% by IRBb) 10% by MRMPL
100%8
6
Organization Structure
Board of DirectorsMr. Virendra D. MhaiskarChairman and Managing Director
Mr. Dattatraya P. MhaiskarDirector
Mrs. Deepali V. MhaiskarDirector
Mr. Suresh G. KelkarDirector
Mr. Bhalchandra K. KhareIndependent Director
Mr. Shivramakrishnan S. IyerIndependent Director
Mr. Govind G. DesaiIndependent Director
Mr. Chandrashekhar S. KaptanIndependent Director
Bankers to the Company
Canara Bank
Union Bank of India
Indian Overseas Bank
Indian Bank
Bank of India
IDBI Bank
Andhra Bank
Corporation Bank
UCO Bank
Bank of Baroda
Bank of Maharashtra
Registrar and Transfer AgentKarvy Computershare Pvt. Ltd.Plot No. 17 to 24, Vittalrao NagarMadhapur, Hyderabad – 500 081Tel No : 91 40 2342 0815Fax No : 91 40 2342 0814
Registered Office
IRB Complex, Chandivli Farm, Chandivli Village,Andheri ( East) , Mumbai - 400 072.Tel No: 91 22 6640 4220Fax No : 91 22 6675 1024Email : [email protected] : www.irb.co.in
Mr. Rajkamal R. BajajAdvisor to the Board
Statutory AuditorsS. R. Batliboi & co., Chartered Accountants
Internal AuditorsSuresh Surana & Associates , Chartered Accountants
Mr. Mehul N. PatelCompany Secretary
7
Recent Development : IRB Empowers…….
Name Present Role Promoted as
D.K. Joshi Chief Operating OfficerChief Operating Officer & Director of New SPVs in Roads Sector
D.D. GadgilVice President - Materials & Asset Management
Head - Real Estate, Airport and Hospitality Division
M.H. Kale Chief Financial Officer Head - Corporate Strategy Planning
M.L. Gupta Director Technical Director Technical & Director of all new SPVs
A.P. Deshmukh Chief Technical Officer Chief Technical Officer & Director of MRMPL
R.S. Sharma General Manager - Monitoring Deputy Chief Technical officer
V.K. MenonSr. General Manager - Tendering & Business Development
Sr. Vice President - Business Development
M.P. Nityanand General Manager - Plant & Machinery Head of Operations
Naresh Taneja Vice President - HR & Admin President HR & Admin
Anil Yadav Deputy Chief Financial Officer Chief Financial Officer
Mehul Patel Company Secretary Group Company Secretary
Abhay Phatak Sr. Manager Project Finance General Manager - Finance (Projects)
Arundhati Thatte Sr. Manager Accounts General Manager - Facility Management
Mahesh Kavathekar Sr. Manager Finance Corporate General Manager - Finance (Corporate)
Shailesh V. Joshi Sr. Manager MIS General Manager - MIS and Corporate Affairs
8
Major BOT Infrastructure Development Projects
• Expand a stretch of NH 4 into four lanes and value additions to the Mumbai - Pune Expressway.
• Covered a cumulative 206 kms of road: 111 kms on NH 4 & 95 kms on the Mumbai - Pune Expressway.
• Granted a concession period of 15 years for both Mumbai-Pune Expressway & NH 4.
• Tolling at Mumbai-Pune Expressway began on August 10, 2004.
• Operate and maintain the facilities during the concession period.
• Total cost of this project is Rs. 13016.40 million (including the upfront fee of Rs. 9180 million paid to MSRDC).
• Aggregate value of the operation and maintenance contract for this project is Rs. 7258.00 million.
• Funded through Equity Rs. 1050.00 million.Term Loans Rs. 11814.40 million.Internal Accruals Rs. 152.00 million.
Mumbai – Pune Express Highway & NH 4
9
Major BOT Infrastructure Development Projects
• Engaged to expand and improve the Bharuch – Surat section of NH 8 in Gujarat on a BOT basis.
• Required to expand specific sections of the NH 8 into a six–lane highway.
• Also required to make improvements to the existing four–lane highway.
• Commenced work on January 2, 2007 and work has so far progressed as per schedule.
• Tolling commenced from 25th September 2009
• Granted a concession period of 15 years ending on Jan 1, 2022.
• Total estimated cost is Rs. 14090.70 million (including an upfront fee to the NHAI of Rs. 5,040 million).
• Financial closure was achieved in December 2006
• Funded through Equity Rs. 1981.20 million.Term Loans Rs. 12109.50 million.
Bharuch – Surat Section of NH 8
10
Major BOT Infrastructure Development Projects
• Engaged to expand and improve the Surat-Dahisar section of NH 8 on BOT basis from the existing 4 to 6 lane for a total length of 240 kms.
• Granted concession period is 12 years including the construction period of 30 months.
• Construction of 25 flyovers over various junctions.
• Concession Agreement signed on 30th April 2008.
• Financial closure achieved in January 2009
• Tolling is started from February 20,2009
• Revenue share of 38% to be given to NHAI for the first year and will be increased by 1% year on year.
• Total project cost estimated at Rs. 28.35 billion.
• Equity & internal accruals Rs. 8.79 billion.Debt Rs. 19.56 billion.
Surat – Dahisar Section NH 8
11
Major BOT Infrastructure Development Projects
• Engaged to improve the Thane-Ghodbunder section connecting NH 8 with NH 4 and NH3 for a total length of 14.900 kms.
• Granted a concession period of 15 years starting fromJune 2007 with tolling rights.
• Scope of work includes improvement, operation & maintenance of the stretch during the concession period.
• Provided concrete pavement for 4 out of the existing 6 lane road for a length of 7.120 kms; and 6 out of the existing 10 lane road for a length of 3.380 kms.
• Executed 4 nos. of junction improvements, provided 80 nos. of utility ducts & 31 nos. of bus bays.
• Total cost of the project is Rs. 2462.76 million.
• Funded through Equity Rs. 300.00 million.Debt Rs. 2060.00 million.Internal Accruals Rs. 102.76 million.
Thane – Ghodbunder Section connecting NH8 with NH4 & NH3
12
Major BOT Infrastructure Development Projects
• First ever Urban Infrastructure project on BOT basis in India was awarded to IRB.
• Granted a concession period of 30 years.
• Construction activity has commenced from January 9, 2009
• All 9 entry points to be tolled post substantial completion of construction.
• The salient aspects of this Kolhapur IRDP are:-
• Residents of the city of Kolhapur plying within the city limits need not pay any toll charge to use the roads.
• Only those vehicles entering or leaving the city will be paying the toll.
• In addition to the concession period, IRB Infrastructure Developers Ltd. enjoy the following benefits:-
• Commercial plot admeasuring 30,000 sq. mtrs allotted to the company.
• Lease period of this land will be 99 years.
• Financial Closure achieved in September 2009.
• Total Cost of the Project is Rs. 4300.00 million
Funded through Equity Rs. 1720.00 million
Debt Rs. 2580.00 million
Integrated Road Development Programme (IRDP ) in the city of Kolhapur
13
Overview of IRB’s Market Share
Maharashtra 71%
Gujarat29%
Maharashtra 56%Goa
6%
Gujarat16%
Rajasthan13%
Punjab9%
Sr. No. Name of the
StateNH /SH Total Kms Lane Kms
1 Maharashtra NH -3,4,6,9,17,50
SH -141,149, MPEW
654.74 2,716.16
2 Goa 4A 65.07 260.283 Gujarat 8 183.20 1,099.204 Rajasthan 12 148.77 595.085 Punjab 15 102.00 408.00
Total 1,153.78 5,078.72FY - 2010
FY - 2009
Lane KM under development 1630.28 Lane Kms
Lanes KM operational 3448.44 Lane Kms
Gross revenue realized per LaneKM from operational portfolio during September -2009 Qtr
Rs. 5.49 Lacs / Lane KM
14
Break up of Order Book
Order Book Composition as on September -2009
Amount in Rs. Mn
BOT Projects in O&M Phase 23,573
Funded Projects 2,013
EPC in BOT Projects 73,534
Total 99,120
15
Opportunities captured
Sr. No. Name of the Project Client StateLength of the
Project (In Kms)
Constructon Cost
Rs.In Crores
Grant Sought from NHAI Rs.In Crores
Concession Period
Remark
1
Four laning of NH-4A from Goa / Karnataka Border Km 84/000 to Panaji - Goa Km 153/070 in the state of Goa under NHDP Phase III on BOT Basis
NHAI Goa 65.07 800.00 186.30 30 Years LOA is
awaited
2
Design, Engineering, Finance, Costruction, Operation amd Maintenance of Pathankot to Amritsar Section of NH - 15 from Km.6.082 to Km. 108.502 in the State of Punjab under NHDP Phase IIIB on BOT Basis
NHAI Punjab 102.00 1,200.00 126.90 20 Years LOA is
Received
3
Design, Engineering, Finance, Costruction, Operation amd Maintenance of Jaipur to Deoli Section of NH12 from Km 18.700 to Km 165.000 in the State of Rajasthan under NHDP Phase III on DBFOT Basis
NHAI Rajasthan 148.770 1,500.00 306.00 25 Years LOA is
Received
4
Four lanning of Talegaon - Amravati section of NH 6 from Km.100.000 to Km.166.725 in the State of Maharashtra under NHDP Phase III on DBFOT Basis
NHAI Maharashtra 66.730 800.00 216.00 22 Years LOA is
Received
16
Upcoming Opportunities for IRB
Project Cost Breakup
Amount in Crores
Sr. No. Name of the Client RFP Stage RFQ Stage
1 NHAI Projects - Phase III 5,641.83 5,328.78
2 NHAI Projects - Phase V 6,197.94 5,490.70
3 NHAI Projects - on OMT Basis 92.00 646.00
4 GSRDC Projects - 1,352.36
5 Maharashtra PWD Projects - 341.42
Total 11,931.77 13,159.26
17
Upcoming Opportunities for IRB
Amount in Crores
Sr. No. Name of the Project State N.H. Length RFP Stage RFQ Stage
National Highways Authority of India - NHAIPHASE - III
1 Four laning of Rohtak - Panipat Haryana 71 A 80.86 812.202 4/6 Laning of Maharashtra-Goa border to Panaji to Karanataka-Goa border Maharashtra,
Goa17 139.00 2,026.49
3 4/6 laning of Karnataka-Goa border to Belgaum Karnataka 4A 81.90 655.004 4/6 laning of Kandla-Mundra Port section Gujarat 8A 71.40 1,031.145 4 laning of Ahmedabad to Godhra section Gujarat 59 118.22 1,025.006 4 laning of Godhra to Gujarat-Madhya Pradesh border section Gujarat 59 86.60 747.007 4/6 laning Tirupathi - Tiruthani - Chennai section AP & Tamil Nadu 205 127.00 571.00
8 Four Laning of Deoli Kota section Rajasthan 12 83.04 593.389 Four Laning of Beawar - Pali ( Km 0.00 to Km 115.00) Rajasthan 14 115.00 1,101.5910 Four Laning of Pali - Pindwara ( Km 115.00 to Km 244.120) Rajasthan 14 129.12 1,307.8111 Four Laning of Vijaywada - Gundugulanu Section of NH.5 AP 5 120.00 1,100.00
TOTAL 5,641.83 5,328.78
PHASE - V12 Six laning of Pune Satara Maharashtra 4 140.35 1,724.5513 Six laning of Udaipur Ahmedabad Gujarat 8 242.51 1,750.0014 Six laning of Samakhiyali-Gandhidham Gujarat 8A 56.16 805.3915 Six laning of Satara - Kagal on DBFOT Maharashtra 4 133.00 1,103.0016 Six laning of Kishangarh - Udaipur section ( Km 364.00 to Km 113.800 ) Rajasthan 79 A, 76 315.00 2,534.0017 Six laning of NH-4 from Tumkur (km 75+000) to Chitradurga (km 189+000) Total Length 114.000Km excluding
Tumkur & Chitradurga bypassesKarnataka 4 114.00 1,134.00
18 Six laning of Belgaon Dhargwad Karnataka 4 79.36 480.0019 Six Laning of Delhi Agra Section Harynan/UP 2 179.10 2,157.70
TOTAL 6,197.94 5,490.70
OMT20 Jhansi - Kota on OMT basis Rajasthan /UP 76 199.00 200.0021 Swaroopgunj - Udaipur on OMT Basis Rajasthan 14 / 76 118.00 120.0022 Madurai- Tirunnalveli on OMT Basis Tamil Nadu 45 203.00 140.0023 Kota-Chittorgarh on OMT basis Rajasthan 76 168.00 92.0024 Kota Rajasthan - MP Border Rajasthan 103.00 82.0025 Rajkot - Bhamanbore Gujarat 129.00 104.00
TOTAL 92.00 646.00
18
Upcoming Opportunities for IRB
Amount in CroresSr. No. Name of the Project State N.H. Length RFP Stage RFQ Stage
Maharashtra PWD26 Four laning of Themburni-Kurduwadi-Barshi-Yedshi road on BOT Maharashtra SH 89.1 341.42
TOTAL 341.42
Gujarat State Road Development Corporation Ltd - GSRDC
27 Improvement and widening of Bhuj-Bhachau Road (SH-42), Km 0/00 to77/00 in the state of Gujarat on BOT basis
Gujarat SH-42 77 256.94
28 Improvement and widening of Nakhatrana - Dayapar - Panendro Road inthe state of Gujarat on BOT basis
Gujarat SH-42 & MDR
79.15 194.73
29 Four laning of Sarkhej-Vataman-Bhavnagar Road on BOT in Gujarat -Stage 2
Gujarat -- 152.4 900.69
TOTAL - 1,352.36RFP stands for Request for ProposalRFQ stands for Request for Qualification
19
Recent Diversifications - Realty
The Company intends to develop Integrated township alongside the Mumbai-Pune Expressway.
• Land acquisition of approximately 1250 acres completed and proposed to acquire the balance 150-200 acres in next 6-8 months.
• The Company has received the permission u/s 63-1A(ii) of Mumbai Tenancy and Agricultural Land Act 1946 and its further amendments from the Development Commissioner in April 2009 to purchase 1888.139 acres of land and to establish integrated township.
20
Recent Diversifications – Airport Project
The Company had submitted its Bid with the Maharashtra Industrial Development Corporation ('MIDC') for Design, Built, Finance& Operation of Greenfield Airport in Sindhudurg District, Maharashtra (the "Project"). The Company has been declared as the"Selected Bidder" for the Project and a Project Development Agreement has been executed between MIDC and IRB SindhudurgAirport Private Limited ( SPV of IRB ) as on September 25. 2009.
Project Name Greenfield Airport in Sindhudurg District
Concession Period95 years
Estimated Project Cost (as per MIDC) 115 crore
Estimated Project Cost (incl land cost) as per IRB 175 crore
Land Cost Premium 7.96 Lacs / Hector
Airport Area 670 acres
Upfront Land Premium to be paid to MIDC 20.70 crore
Airport Development Period (to make operational) 18 Months
Operations & Maintenance 93 years & 6 Months
21
Consolidated Financial Results
For the Period Ended
Amount % Amount % Amount % Amount % Amount % Amount % Amount % Amount % Amount %
Total Income 363.28 100.00 201.76 100.00 161.52 100.00 209.78 100.00 101.54 100.00 108.24 100.00 1,021.48 100.00 567.16 100.00 454.32 100.00
Earnings before interest, tax and depreciation
182.10 50.13 41.74 20.69 140.36 86.90 107.91 51.44 17.42 17.15 90.49 83.60 466.99 45.72 101.34 17.87 365.65 80.48
Financial Expenses 47.66 13.12 6.09 3.02 41.57 25.74 31.67 15.10 2.23 2.19 29.44 27.20 137.66 13.48 10.24 1.80 127.43 28.05Depreciation and Amortisation 39.61 10.90 13.29 6.59 26.33 16.30 27.15 12.94 3.39 3.34 23.76 21.95 114.38 11.20 20.83 3.67 93.56 20.59
87.27 24.02 19.37 9.60 67.90 42.04 58.82 28.04 5.62 5.53 53.20 49.15 252.04 24.67 31.06 5.48 220.98 48.64
Profit Before Tax 94.83 26.10 22.37 11.09 72.46 44.86 49.09 23.40 11.80 11.62 37.29 34.45 214.95 21.04 70.27 12.39 144.67 31.84
Total Tax Expenses 20.51 5.65 7.89 3.91 12.62 7.81 7.88 3.76 3.02 2.97 4.86 4.49 37.78 3.70 21.28 3.75 16.50 3.63
Profit after Tax 74.31 20.46 14.47 7.17 59.84 37.05 41.21 19.64 8.78 8.65 32.43 29.96 177.17 17.34 48.99 8.64 128.18 28.21Less: Minority Interest (3.49) -0.96 0.00 (3.49) -2.16 - 0.00 - 0.00 - 0.00 (1.32) -0.13 - 0.00 (1.32) -0.29Profit after Minority Interest 70.82 19.49 14.47 7.17 56.34 34.88 41.21 19.64 8.78 8.65 32.43 29.96 175.85 17.21 48.99 8.64 126.86 27.92
March 2009 (Year)
(Rs. In crores)
September 2008 (Quarter )September 2009 (Quarter )
Total All Segments Construction
Segment BOT Segment
Cosolidated Profit and Loss Account for the Quarter ended September 30, 2009
BOT Segment Construction
Segment Total All Segments
Particulars
BOT Segment Total All Segments Construction
Segment
22
Consolidated Financial Results
For the Period Ended
Amount % Amount % Amount % Amount % Amount % Amount % Amount % Amount % Amount %
Total Income 798.92 100.00 476.71 100.00 322.21 100.00 445.69 100.00 226.14 100.00 219.55 100.00 1,021.48 100.00 567.16 100.00 454.32 100.00
Earnings before interest, tax and depreciation
369.78 46.28 92.29 19.36 277.49 86.12 231.19 51.87 46.71 20.66 184.47 84.02 466.99 45.72 101.34 17.87 365.65 80.48
Financial Expenses 94.37 11.81 12.34 2.59 82.04 25.46 62.69 14.07 4.16 1.84 58.52 26.66 137.66 13.48 10.24 1.80 127.43 28.05Depreciation and Amortisation 77.25 9.67 26.24 5.50 51.02 15.83 52.68 11.82 6.75 2.98 45.93 20.92 114.38 11.20 20.83 3.67 93.56 20.59
171.63 21.48 38.58 8.09 133.05 41.29 115.37 25.89 10.91 4.83 104.45 47.58 252.04 24.67 31.06 5.48 220.98 48.64
Profit Before Tax 198.15 24.80 53.71 11.27 144.44 44.83 115.82 25.99 35.80 15.83 80.02 36.45 214.95 21.04 70.27 12.39 144.67 31.84
Total Tax Expenses 38.69 4.84 13.93 2.92 24.77 7.69 20.44 4.59 10.64 4.71 9.80 4.46 37.78 3.70 21.28 3.75 16.50 3.63
Profit after Tax 159.46 19.96 39.78 8.35 119.67 37.14 95.38 21.40 25.16 11.13 70.22 31.98 177.17 17.34 48.99 8.64 128.18 28.21Less: Minority Interest (7.18) -0.90 - 0.00 (7.18) -2.23 - 0.00 - 0.00 - 0.00 (1.32) -0.13 - 0.00 (1.32) -0.29
Profit after Minority Interest 152.28 19.06 39.78 8.35 112.49 34.91 95.38 21.40 25.16 11.13 70.22 31.98 175.85 17.21 48.99 8.64 126.86 27.92
Construction Segment
BOT Segment Total All Segments
Cosolidated Profit and Loss Account for the half year ended September 30, 2009
Total All Segments Construction
Segment BOT Segment
Construction Segment
September 2008 (Half Year ) March 2009 (Year)
BOT Segment Total All Segments
Particulars
(Rs. In crores)
September 2009 (Half Year )
23
Quarterly Comparative of Consolidated toll revenue of Operational BOTs
Rs.in Lacs
Quarter 2007-08 2008-09 2009-10 % Rise
Jun 9,045.90 10,979.39 18,856.86 71.75%
Sept 8,916.34 10,682.97 18,961.22 77.49%
Dec 9,319.95 10,533.52
Mar 9,652.19 13,876.52
Total 36,934.38 46,072.40 37,818.08
Comparative Quaterly Consolidated Revenue of Operational BOTs
-
2,000.00
4,000.00
6,000.00
8,000.00
10,000.00
12,000.00
14,000.00
16,000.00
18,000.00
20,000.00
Jun Sept Dec Mar
2007-08 2008-09 2009-10
24
Comparative of BOT Toll Revenue for last three years
Rs. In Lacs
Q2 - Sept -08 H1- Sept-08 Q2 - Sept -09 H1- Sept-09
1 Thane Bhiwandi Bypass 4 Lane BOT Project 3,345.98 4,034.59 976.28 2,063.78 1,115.65 2,230.82 2 Bhiwandi - Wada BOT Project # 304.14 156.77 72.96 156.77 - - 3 Kaman - Paygaon BOT Project 362.96 362.68 90.45 187.71 81.69 167.15 4 Khambatki Ghat BOT Project * 1,283.92 1,311.62 289.45 646.19 - 122.08 5 Kharpada Bridge BOT Project 749.33 705.15 170.65 373.41 154.47 336.01 6 Nagar - Karmala - Tembhurni BOT Project 1,100.23 1,134.75 286.27 599.65 343.99 635.69 7 Mohol - Mandrup - Kamtee BOT Project 609.23 654.57 166.91 347.01 178.61 349.80 8 Pune - Solapur BOT Project 1,364.49 1,270.87 307.34 672.72 306.14 661.92 9 Pune - Nashik BOT Project 1,599.05 1,639.42 421.05 821.18 433.76 854.16
10 Mumbai - Pune BOT Project 23,520.05 28,795.27 7,262.85 14,474.29 7,670.00 15,309.70 11 Thane Ghodbunder BOT Project 2,695.03 2,647.31 638.76 1,319.65 669.44 1,360.42 12 Surat Dahisar BOT Project ¤ - 3,359.40 - - 7,796.21 15,579.06 13 Bharuch - Surat BOT Project $ - - - - 211.27 211.27
Total 36,934.38 46,072.40 10,682.97 21,662.36 18,961.22 37,818.08
* Concession Period of Khambatki Ghat BOT Project ended on 3rd May 2009# Concession Period of Bhiwandi Wada BOT Project ended on 22nd September 2008¤ Surat Dashisar Project Commissioned on 20th February 2009$ Bharuch Surat BOT Project Commissioned on 25th September 2009
Statement showing BOT Toll Revenue Comparative
Sr. No. Name of the Project 2007-08 2008-092008-09 2009-10
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Revenue Dependence on Mumbai Pune to reduce going forward due to newly awarded BOTs
* Concession Period of Khambatki Ghat BOT Project ended on 3rd May 2009
# Concession Period of Bhiwandi Wada BOT Project ended on 22nd September 2008♦ Surat Dashisar Project Commissioned on 20th February 2009$ Bharuch Surat BOT Project Commissioned on 25th September 2009
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Corporate Recognition
IRB has been awarded CNBC TV 18 Essar Steel Infrastructure Excellence Award in the Highways &Flyovers category for Mumbai - Pune section of National Highways (NH-4).
This award was in recognition of the high quality work implemented on the development andmaintenance of the Mumbai-Pune section of NH-4.
This was the first and biggest Infrastructure Awards concept in India. The Awards have been instituted torecognize and felicitate Infrastructure Companies for excellence and strategic initiatives in the field ofconstruction. A rigorous evaluation program was designed to select the best and the most sustainablevalue creator amongst infrastructure projects in categories like Highways &Flyovers, Railways, Airports, Ports, Energy & Power, Oil & Gas, Telecom and Urban Infrastructure.
Mr. Virendra D. Mhaiskar, CMD of IRB has been honored by “Navshakti, the leading Marathi FreePress Journal Group on their 50th Golden Jubilee year celebration for making significantcontribution to the national life. The Board of Jury, consisting of many distinguished persons fromdifferent walks of life, have nominated name of Mr. Virendra D. Mhaiskar, CMD
Note of Thanks