APR Constructions Limited - Saffron Capital

Of the two, APRCL-CRSSG (JV) was awarded the contract by Irrigation and CAD Department, Government of
Andhra Pradesh for Investigation, design and 1) Earthwork, excavation of GNSS Main Canal from Km 254.000
to Km 262.100 including construction of CM & CD works and 2) Excavation and lining of Balaji Tunnels – II
from Km 262.100 to Km 272.800 including all allied works under GNSS in Chittor District, vide letter dated
October 1, 2007.
The said Joint Venture has entered in to a sub-contracting agreement dated January 24, 2008 with our Company
whereby the the above contract has been sub-contracted to our Company for a commission of 0.75% on gross
bills.
Audited Financial Information
(` lakhs)
Particulars March 31, 2010 March 31, 2009 March 31, 2008
Sales 0.00 0.00 42.52
Other Income 0.00 0.00 0.32
Net Profit (0.25) (0.36) 0.04
Share Capital
- APRCL (0.03) 0.82 0.13
- CRSSG (0.01) 0.27 0.04
Loans Funds Nil Nil Nil
4. JTEGC – APRCL (JV)
Our Company has entered into a Joint Venture Agreement dated February 05, 2008 with M/s Jiangsu Provincial
Transportation Engineering Group Co. Limited pursuant to which joint venture entity JTEGC-APRCL (JV) (in
proportion of 61:39) has been formed for bidding and execution of Bargi Right Bank Canal from R.D. 129 Km to
R.D. 154 Km. of Bargi Diversion Project on TURNKEY Basis comprising the work of Survey, Planning,
Geotechnical Investigations, Design, Estimation, preparation of permanent land Acquisition cases, construction
of lined TUNNEL (about 650 m. in length, about 10 m. diameter) with cut and cover RCC transitions (about 75
m. length), constructions of canal (about 25 km. in length) by Excavation, cement concrete lining all inline
structures and commissioning and testing of the canal system.
JTEGC-APRCL (JV) was awarded the contract by Office of the Executive Engineer, Narmada Development
Division No.5, Katni, Madhya Pradesh vide letter dated March 20, 2008.
The said joint venture has entered in to a sub-contracting agreement dated March 28, 2008 with our Company
whereby the entire project has been sub-contracted to our Company for a commission of 0.75% on gross bills.
Audited Financial Information
(` lakhs)
Particulars March 31, 2010 March 31, 2009 March 31, 2008
Sales 3,703.12 605.69 0.00
Other Income 27.77 4.54 0.00
Net Profit 24.60 4.00 (0.24)
Share Capital
- APRCL 11.34 1.21 0.05
- JTEGC 17.29 2.68 0.08
Loans Funds Nil Nil Nil
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