GAMMON INDIA LIMITED

Name of
SPV
Revenue
Model
MNEL
KBICL
GICL
Toll Annuity Annuity Toll Container
handling
charges
RGBL ICTPL BWIOTPL SHPVL
80
project power
project
Berth hire
charges
Sale of
power to
third parties
PBPL PREL YPVL
energy
project
Sale to
PSEB
power
project
Sale of
power to
third parties
project
Sale of
power to
third parties
GIPL
Beneficial
Interest
74.00%* 100.00% 94.90% 100.00% 50.00% 31.00% 100.00% 50.00% 100.00% 100.00%
PPP Model BOT BOT BOT BOT BOT BOT BOOT BOO BOOT BOT
Partners The
Company,
Sadbhav
Engineering
Limited and
B.E.
Billimoria
& Co.
Estimated
Project Cost
Status of
Financing
Arrangement
O&M
Provider
Rs.
7,530.00
million
Financial
closure
achieved
with a
consortium
of seven
banks for
Rs.6,500.00
million
The
Company
Rs.4,396.10
million
Financial
closure
achieved
with a
consortium
of two
banks for a
term loan
of
Rs.3,913.00
million
The
Company
Rs.
6,492.10
million
Financial
closure
achieved
with a
consortium
of four
banks for a
term loan
of
Rs.5,754.00
million
The
Company
Rs.
8,611.00
million
Financial
closure
achieved
with a
consortium
of four
banks for a
term loan
of
Rs.5,600.00
million
GIPL GIPL GIPL Yet to be
appointed
The
Company
and
Dragados
S.P.L
Rs.10,150.00
million
Financial
closure
achieved
with a
consortium
of five banks
for
Rs.81,25.30
million
Yet to be
appointed
Noble
Group
Limited
and
MMTC
Rs.4,500
million
Financial
closure
yet to be
achieved
Yet to be
appointed
N.A. Bermaco
Energy
Systems
Limited
Rs.4,300.00
million
Financial
closure yet
to be
achieved
Rs.520.00
million
for the
first
project
Financial
closure
yet to be
achieved
N.A. N.A.
Rs.1,650.00
million
Financial
closure yet
to be
achieved
SHPVL PBPL Yet to be
appointed
* GIPL currently holds 79.99% of the share capital, which shall reduce to 74.90% upon B.E. Billimoria subscribing for their entire share entitlement.
Rs.25,000
million
Financial
closure yet to
be achieved
Yet to be
appointed
In addition to the projects above, GIPL intends to develop the following projects, each of which is in the predevelopment
phase:
Development of an auto-component SEZ over 90 acres at Adityapur, Jharkhand.
Six biomass based power projects in Haryana, each in the range of 10-12 MW, under Letters of Intent from
Haryana Renewable Energy Development Agency (“HAREDA”).
Tidong – II (60 – 80 MW) hydroelectric power project for the Government of Himachal Pradesh.
Development of a multi-purpose SEZ at Tada, Andhra Pradesh.
Rehabilitation of NH-47 from Patna to Muzzaffarpur in the state of Bihar.
Operations and Maintenance
GIPL also provides O&M and project advisory services for projects which are being undertaken by SPVs. GIPL has
entered into O&M contracts for the Rajahmundry-Dharmavaram annuity road project and the Dharmavaram-Tuni
annuity road project and we have also been awarded the letters of intent for providing O&M services for the
Vadape-Gonde toll road project, the Kosi Bridge annuity project and Gorakhpur Bypass annuity road project by the
SPVs developing these projects. While the O&M contracts for the Rajahmundry-Dharmavaram and Dharmavaram-
Tuni annuity road projects are operational, the O&M contracts for the other three projects will become operational