APR Constructions Limited - Saffron Capital

Audited Financial Information
(` lakhs)
Particulars March 31, 2010 March 31, 2009 March 31, 2008
Sales 2,097.03 1,269.30 206.00
Other Income 10.49 6.35 1.03
Net Profit 8.11 5.64 0.74
Share Capital
- APRCL 11.20 4.89 0.66
- MVR 3.73 1.63 0.20
Loans Funds Nil Nil Nil
2. APRCL – PVRPL (JV)
Our Company has entered into a Joint Venture Agreement dated November 27, 2008 with M/s PVR Projects Limited
pursuant to which joint venture entity APRCL-PVRPL (JV) (in proportion of 50:50) has been formed for the purpose
of bidding and execution of “Package No. 1/2008-09 – Major Irrigation – Nellore District – Modernization of Pennar
Delta System – Investigation, Designs, Drawings, Estimation and Construction of all the following works duly getting
approval from the competent authority including Repairs/Reconstruction of all existing structures. New Construction
on the above Channel including Maintenance of the same for a period of two years after completion of work etc.,
a. Providing lining in cement concrete to 26 Distributaries and Minors of Southern Channel System
b. Providing lining in cement concrete to 26 Distributaries and Minors of Eastern Channel and Allur Tank
supply Channel System
c. Providing lining in cement concrete to 38 Distributaries and Minors of Jaffersaheb Canal System
d. Providing lining in cement concrete to 34 Distributaries and Minors of Survepalli Canal System”
The JV has received the Irrigation and CAD Department, Nellore vide letter dated February 02, 2009. The said joint
venture has entered in to a sub-contracting agreement dated April 02, 2009 with our Company whereby 50% of the
project was sub-contracted to our Company for a royalty of 0.10% on the gross bills.
Audited Financial Information
(` lakhs)
Particulars March 31, 2010 March 31, 2009 March 31, 2008
Sales 906.73 0.00 0.00
Other Income 0.91 0.00 0.00
Net Profit 0.44 0.00 0.00
Share Capital
- APRCL 0.49 0.00 0.00
- PVRPL 0.22 0.00 0.00
Loans Funds Nil Nil Nil
3. APRCL - CRSSG (JV)
Our Company has entered into a Joint Venture Agreement dated March 21, 2007 with M/s China Railway Shisiju
Group Corporation (CRSSG), pursuant to which joint venture entity APRCL-CRSSG (JV) (in proportion of
75:25) has been formed for bidding and execution of
carrying out “Package No.08/06: Investigation, designs, excavation and lining of Balaji Tunnel-I of GNSS
main canal from Km 240.0 to 254.00 including all allied works under GNSS Project Phase –II in Kadapa
District.”
for carrying out “Package No.09/06: Investigation, design and 1) Earthwork, excavation of GNSS Main
Canal from Km 254.000 to 264.000 including construction of CM & CD works and 2) Excavation and lining
of Balaji Tunnels – II from Km 264.000 to Km 275.000 including all allied works under GNSS in Chittor
District.”
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