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Sadbhav Infrastructure Project Limited (SIPL), a subsidiary of Sadbhav Engineering Limited (SEL) has been scaling new heights by its exemplary performance year over year and surpassing own landmarks. SIPL has been thriving upon its competencies gained over the years since its inception in the areas of the development, operation and maintenance of highways, roads and other relative aspects. SIPL is a young organization with just a decade since its incorporation and also with average age of its employees at 31 years, SIPL is eagerly waiting to contribute towards nation building. It took your company 9 years (2008 to 2016) to complete the 11 operational projects, however with increase in its scale of operations and zeal to grow, your company is poised to complete 12 underconstruction projects in next 3 years. Your company’s DNA is to do prudent bidding with focus on reasonable but sustainable returns and we would continue to bid in similar manner as done in past.
SIPL is a listed road and highways Built, Operate and Transfer (BOT) Company with a portfolio of 23 projects which consists of 10 BOT (Toll) projects (9 are operational and 1 is partially operational), 1 operational BOT (Annuity) project and 12 Hybrid Annuity Mode (HAM) underconstruction projects. Total project cost involving the projects (including under construction) of approximately Rs.219 bn (Lane km of operational projects are 3,338, lane km of under construction projects are 2,457 and total project cost of operational projects are Rs.110 bn and total project cost of under construction projects are Rs.119 bn). Eight out of 11 operational projects have credit rating of A- or above. With an average residual life of 15 years, SIPL’s entire portfolio of current BOT projects exhibits a stability of revenue.
SIPL has charted an upward route for itself by expanding under selectively diversified portfolio located in high growth states of India (Haryana, Rajasthan, Gujarat, Maharashtra, Karnataka, and Telngana) and other important corridors, simultaneously creating a value for its investors. Apart from a fabulous track record of timely completion of projects, your Company also enjoys the benefit of being an integrated structured with presence across the entire road sector value chain with strong finance, execution and toll collection and O&M capabilities.
As the macro-economic scenario across the world is fast-changing, infrastructure development sector has become core focus area. SIPL has posted substantial growth over previous year and has generated total revenue of Rs.3,377.92 mn on standalone basis and net profit of Rs.677.40 mn for the financial year ending March, 2018. With an unflinching commitment of creating high quality construction work alongside a provision for advisory and project management services for all its projects, SIPL seeks great advantage from over 30 years of relationships established by SEL, our corporate promoter, with its record execution of projects in the construction activities in transport, mining and irrigation sectors.
Scaling new heights has been achieved due to unwavering commitment of our management and employees to innovate and augment all our processes, skills and operations. In all our endeavours, we try to follow our vision and mission with an equal emphasis on values like transparency, accountability and equity which are intrinsic to our culture.
We have created a congenial internal environment that provides ample opportunities of growth to an individual and opportunities to enhance one’s skills. This has resulted in passion, perfection and progressive outlook of employees to achieve goals set for them.
We engage with all our internal and external stakeholders through different communication mediums and make all efforts to understand and map their expectations. This helps us to bridge the gap by taking necessary initiatives and make our bond stronger.
I hereby take this opportunity to thank all our stakeholders on behalf of Board of Directors for their continued patronage and making our endeavour successful. I also appreciate all our clients, shareholders, financers for endorsing our growth strategies and motivating us to achieve what we have envisioned. I assure you that SIPL will leave no stone unturned to reach new echelons of success and add value to your investment in our Company. We at SIPL are committed to usher in the better future for the Company.
Shashin V. Patel