iifcl si.no. name of account · 2018-03-07 · 40.500 of nh-33 in state of jharkhand on design,...

INDIA INFRASTRUCTURE FINANCE COMPANY LIMITED

NOTICE TO ASSET RECONSTRUCTION COMPANIES (ARCs)

Inviting Offers for Sale of Financial Assets : .6" rlo.-er-h I 2-c, 18

i. IIFCL intends to sell the following financial assets (NPAs), for 'cash'

(preferably) or 'cash-cum-SR', on basis of 'without recourse' to IIFCL

SI.no. Name of account

1 Abhijeet Hazaribagh Toll Road Ltd

2 Abhijeet Toll Road (Karnataka) Ltd

3 Atlanta Ropar Tollway Ltd.

4 Badarpur Faridabad Tollways Ltd.

5 Barasat Krishnagar Expressway Ltd.

6 Bhilai Durg Waste Management Private Limited

7 Bhubaneswar Expressway Pvt Ltd.

8 Concast Ambha Road Projects Ltd.

9 Concast Damoh Road Project Pvt. Ltd.

10 Concast Dhaneta Road Projects Ltd.

11 Concast Jawasa Road Projects Ltd.

12 Concast Morena Road Projects Ltd.

13 Concast Path Bameetha Satna Road Project Pvt. Ltd.

14 Dighi Port Ltd.

15 GVK Bagodara Vasad Expressway Pvt. Ltd.

16 Gwalior Jhansi Expressways Ltd

17 Himachal Sorang Power Ltd.

18 Ind Barath Power(Madras) Ltd.

19 Indira Container Terminal Pvt. Ltd.

20 IVRCL Chandrapur Tollways Ltd.

21 JAS Infrastructure & Power Ltd

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22 Jaypee Infratech Ltd. et

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23 KMP Expressways Ltd

24 KVK Nilachal Power Pvt. Ltd.

25 Lanco Teesta Hydro Power Pvt. Ltd

26 Lucknow Sitapur Expressways Ltd.

27 MaaDurga Thermal Power Co. Ltd

28 Mora Tollways Ltd.

29 Raebareilly Allahabad Highway Pvt. Ltd.

30 Raiganj Dalkhola Highways Ltd.

31 Raipur Waste Management Private Ltd.

32 SEW LSY Highways Ltd.

33 Sion Panvel Tollways Pvt. Ltd.

34 Supreme Panvel Indapur Tollways Pvt. Ltd.

35 Swiss Tech India Pvt. Ltd.

36 Tanita Raxaul Tollways Pvt. Ltd.

37 Topworth Tollways (Bela) Pvt. Ltd.

38 Transstroy Bhopal Berasia Sironj Tollways Pvt. Ltd.

39 Transstroy Bhopal Biaora Tollways Pvt. Ltd.

40 Transstroy Hoskote Dobbaspet Tollways Pvt. Ltd.

41 Transstroy Karnataka-Kerala-Kannur Tollways Pvt. Ltd.

42 Transstroy Obedullaganj —Betul Tollways P Ltd.

43 Transstroy Tirupati Tiruthani Chennai Tollways Pvt. Ltd.

44 West Haryana Highways Project Ltd.

ii. Brief detail of the financial asset and the reserve price, case-wise, is annexed

herewith.

iii. IIFCL may, in its discretion, undertake negotiation for improvement in

offer/terms, after receipt of bids.

0820 ",f f,"

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IIFCL 0 aJ

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Shri. S. Siva Kumar,

General Manager,

Landline: 011-23450273

Mobile: +919811647330

Email: [email protected]

[email protected]

Shri. T. Hari Krishnan,

Deputy General Manager,

Landline: 011-23450213

Mobile: +919873123589

Email: tharikrishnanaiifcl.org

[email protected]


iv. The proposed sale of the financial asset(s) is subject to final approval of

Competent Authority of IIFCL.

v. Based on the feedback/interest/offer received, IIFCL may also inform the

co-lenders, to facilitate and explore the possibility of a joint sale based on mutual comfort

of the lenders and the ARC.

vi. IIFCL, reserves the right, reject any or all bids and / or to cancel the sale

process, partly or in entirety, at any stage, without assigning any reasons thereof

vii. In case of the sale of a financial asset is finalized, the same will be subject to

the condition, inter-alia, that the ARC should not enter into any resolution / restructuring /

One Time Settlement / Negotiated Settlement / out-of-court settlement, with the borrower

company without obtaining the written consent of IIFCL.

viii. IIFCL reserves the right to stipulate, such other terms and conditions, in its

sole discretion, prior to documentation w.r.t sale of the financial asset(s).

ix. The expression of interest for purchase is to be submitted on or before

16 th March 2018 (6 p.m.) and final offer for purchase is to be submitted on or before

23rd March, 2018 (6 p.m.).

x. In case of any clarification/query, you may please contact us.

Contact details:

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( 1 )

M/s:Abhiieet Hazaribach Toll Road Limited

Project Description Four laning for Barhi — Hazaribagh Section from Km 0.000 to Km 40.500 of NH-33 in state of Jharkhand on Design, Build, Finance, Operate and Transfer (DBFOT) Toll Basis under NHDP Phase-III

(Authority-NHAI)

Promoter/Sponsor Abhijeet Roads Limited

TPC Rs 476.28 crore

Means of Finance Description Rs in crore Core sponsor contribution 75.43 Grant-NHAI 150.85 Senior Term Loan 250.00 Total 476.28

Lead Bank/FI State Bank of India

Other consortium lenders

IIFCL, Bank of Baroda and PNB

Total term loan Rs 250.00 crore R

IIFCL Share Rs 55.00 crore

IIFCL share (%) 22 %

Date of NPA 30.11.2013

Securities Available First ranking charge over:

a) All immoveable and moveable properties of the Borrower except project assets;

b) Borrowers bank accounts including but not limited to escrow account;

c) Pledge of equity shares aggregating to 51 % of paid up equity and voting equity share capital of the Borrower.

B. Contractual Comforts:

a) Sponsor undertaking by Abhijeet Roads Limited, Abhijeet Infrastructure Limited and Corporate Ispat Alloy Limited

Status of the project NHAI (Authority) had terminated the Concession Agreement on 01.01.2015.

Subsequent efforts by lenders to revive the concession was not accepted by NHAI and they went ahead with rebidding process.

Thereafter, lenders filed a joint recovery suit in DRT, Kolkata against borrower on 25.11.2016

Remarks Concessionaire had circulated the copy of Arbitration Award dated 02.10.2017 in favour of the Concessionaire against NHAI. The award in favour of concessionaire (Borrower) is Rs 178.871 crore and award in favour of NHAI (Authority) is Rs 5.8419 crore and net award in favour of concessionaire works out to Rs 173.0291 crore, with 8% p.a. simple interest from date of termination of contract (01.01.2015) till realization.

Forensic Audit is in progress in line with RBI guidelines issued to lead banks for conducting forensic audit of all Abhijeet Group Companies.

Reserve Price Principal outstanding of Rs 34.11 crore plus applied/un-applied interest till date of assignment.

(2.)

M/s:Abhijeet Toll Road (Karnataka) Limited

Project Description Improvements of two lane Chikkanayakanahalli-Tiptur-Hassan road (partly MDR and partly SH-68), consisting of total length of 76.221 km in the state of Karnataka on Build, Operate, Transfer (BOT) Toll basis.

(Authority-Karnataka Road Development Corporation Limited)

Promoter/Sponsor Abhijeet Roads Limited

TPC Rs 318.98 crore

Means of Finance Description Rs in crore Equity contribution 92.99 Grant-Govt of India 47.685 Grant-Govt of Karnataka 45.305 Senior Term Loan 133.00 Total 318.98

Lead Bank/FI State Bank of India


IIFCL, Dena Bank and Bank of India

Total term loan R Rs 133.00 crore


IIFCL share (%) 17.29 %





c) Pledge of equity shares aggregating to 51% of paid up equity share capital of the Borrower.


a) Corporate Guarantee of Abhijeet Infrastructure Limited, Abhijeet Roads Limited and Corporate Ispat Alloys Limited

Status of the project As per last LIE Report available physical progress of the project is around 21.7% and Financial Progress is around 48%.

On 23.08.2014, the company issued intention to terminate notice citing Authority defaults of non-release of grant, non-availability of ROW, delay in felling of trees, delay in release of RA bill of shifting of obstructuion utilities. Subsequently the company terminated the concession agreement on 08.09.2014.

Subsequent to termination of Concession Agreement, it is understood that the borrower has proceeded for arbitration in line with provisions of Concession Agreement. Meanwhile, Lenders efforts for substitution did not fructify.

Remarks Lenders have filed a joint recovery suit against borrower in DRT, Kolkata on 27.04.2017.

Forensic Audit is in progress in line with RBI guidelines issued to lead banks for conducting forensic audit of all Abhijeet Group Companies.


(-3)

M/s:Atlanta Ropar Tollways Pvt Ltd

Project Description Project involves Rehabilitation, Strengthening and widening of the existing carriageway of Ropar-Chamkaur Sahib-Neelon Section (45.175 Kms) to two lane standards, with paved shoulders and from Neelon-Doraha Section (upto to NH-1) (9.625 Kms) to Four Lane in the state of Punjab on Design, Build, Finance, Operate and Transfer (DBFOT) basis.

The Concessioning Authority is PWD, Punjab and concession period is 16.5 years from the Appointed Date (15.04.2013).

Promoter Sponsor Atlanta Infra Assets Limited TPC Rs 253.54 crore

Means of Finance Description Rs in crore Equity contribution 83.74 Senior Term Loan 169.80 Total 253.54

Lead B ank/F I Union Bank of India


IIFCL, DNS Bank








c) Pledge of equity shares held by sponsor aggregating to 51% of paid up and voting equity share capital of the Borrower.


a) Corporate Guarantee of Atlanta Infra Assets Limited

b) Personal Guarantee of Promoters Mr Rajhoo Bbarot and Mr Rikiin Bbarot

Status of the project Project achieved PCOD on Nov 2016 and currently toll collection is

around Rs 3 lakhs per day.

Pending work includes non-completion of Rail Over Bridge (approval received now and construction expected to be completed within a year), due to which the toll rate is reduced by 27%.

Remarks Project has achieved PCOD and generating toll.

Borrower is in the process of initiating arbitration proceedings against PWD, Punjab and award of around Rs 75 crore is expected by March 2021.

Further, the concession agreement provides for 90% debt due in case of termination of the project due to financial event of default.


()

M/s: Badarpur Faridabaad Tollways Limited

Particular Detail

Project description Design, Engineering, Finance, Construction, Operation and Maintenance of an elevated 6-lane highway from Km 16.10 to Km 20.50 on Delhi-Agra section of NH-2 on BOT basis.

Promoter/ Sponsor HCC Group

Total Project Cost and Means of Finance

Total project cost- Rs. 572.00 Cr

Means of Finance

Means of Finance Amount (Rs in Cr)

Equity/Sub Ordinate Debt 172 Debt 400 Total 572.00

Lead Bank/ FI


Canara Bank- Lead Bank

Bank of Baroda, State Bank of India, Axis Bank, OBC and IIFCL.

Total term loan

IIFCL Share

IIFCL share (%) FITL

Rs. 400 Cr

Rs. 68.00 Cr-Term Loan and Rs. 15.12 Cr as

(17%)

Security Available A first charge over company's properties and assets (other than Project Assets) both present and future; intangible assets of the company, receivables & revenues of the company. Pledge of 50% equity shares, held by promoter and its associates.

Corporate Guarantee of HCC Concessions Ltd.


Status of the Account NHAI has suspended the rights of concessionaire, including rights of toll collection, in Aug 2017.

Lead lender has issued notice for financial defaults by concessionaire and accordingly requested NHAI for termination of the project

contract, on account of financial default by concessionaire.

Remarks Project is operational, however presently NHAI is operating the toll collection.

Reserve Price Principal outstanding Rs. 80.33 Cr plus applied/ unapplied interest till date of assignment.

( 5)

BARASAT KRISHNAGAR EXPRESSWAY LIMITED

Project Description Four Laning of Barasat - Krishnagar section of NH 34 from km 31 to km 115 in the state of West Bengal to be executed on DBFOT (Annuity) basis. The total length of the project road is 84.00Km.

Promoter / Sponsor Madhucon Toll Highway Ltd. - 100.00%

Total Project Cost & Means of Finance

Total project Cost is Rs. 1035.49 cr. to be financed as under:

Particulars Amount (Rs. Cr.) Equity 289.94 Debt 745.55 TOTAL 1035.49

Lead Bank/FI


OBC

IIFCL, Andhra Bank, Dena Bank, SBI, Tamil Nadu Mercantile Bank

Total term loan

IIFCL Share

IIFCL share (%)

Rs. 745.55 cr.

Rs. 121.88 cr.

16.35%

Securities Available ■ First charge and mortgage of all the borrowers' immovable properties (if any) both present and future, save and except the Project Asset, intangible assets

■ Pledge over 51% of the equity shares of the borrower. ■ Corporate Guarantee of Madhucon Toll Highway Ltd.


Status of the project • Account turned NPA due to delay in handover of land and

Promoters inability to infuse funds ■ Project terminated by Concessionaire on account of non-

availability of land/RoW and filed claims under SAROD. Order under SAROD awaited. Concessionaire is approaching Hon'ble High Court, Delhi due to delay in award under SAROD process.

Remarks Lenders in the process of filing joint recovery suit

Reserve price Principal 0/s of Rs/ 121.88 cr. plus applied/unapplied interest till date of assignment

M/s: Bhilai — Durg Waste Management Pvt. Ltd

Project Description Integrated City Sanitation & Municipal Solid Waste Management Project (ISWMP) in Bhilai and Durg area.

Promoter / Sponsor Kivar Holdings P. Ltd TPC & means of Finance

TPC - Rs.50.92 Crore Means of Finance

S.N Particulars Amount (Rs.in cr.)

1 Equity 20.96

2 Funding from Banks/FI's 29.96 TOTAL 50.92

Lead Bank/FI Other consortium lenders

Lead: Phoenix ARC (upon assignment by SIB - lead) Other lender: IIFCL

Total term loan IIFCL Share IIFCL share (%)

Rs.29.96cr Rs.12.74cr 42.52%

Date of NPA 30.06.2015 Securities Available ➢ First charge by way of mortgage over all borrower movable

and immovable property, intangible assets, including the goodwill, and uncalled capital, book debts, operating cash flows, receivables, commissions, revenues, Pledge of 51% shares, Corporate guarantee of Kivar Holdings Private Limited etc.

Status of the project ➢ Due to certain disputes between SPV and Concessioning Authority, the BMC terminated the project in April, 2015

➢ Substitution did not materialized ➢ Meanwhile, SIB, the lead, has assigned its share to M/s

Phoenix ARC. )%. Joint recovery suit filed by lenders against borrower /

guarantor in DRT, New Delhi, in Nov, 2017 Remarks ➢ DRT proceedings are underway

)=. Company has informed that Dispute Resolution process started in November, 2017.

Reserve price Principal o/s of Rs. 12.60cr plus applied / unapplied interest till the date of assignment

( 1 )

BHUBANESWAR EXPRESSWAY PVT. LTD. (BEPL)

Project Description Four laning of Bhubaneswar — Puri Section from km 0.00 to km 59.00 of NH-203 in the State of Orissa to be executed as BOT (Toll) project on DBFOT pattern under NHDP Phase III

Promoter / Sponsor Kazstroy Group


The original Project Cost was Rs. 541.15 Cr. which was revised Rs.675.75 Cr.

Means of Finance

to

Particulars Amount (Rs.

Cr.)

Total Rupee Loan 322.61 Promoters' Contribution 149.35 NHAI Grant 193.78 TOTAL 675.75

Lead Bank/FI


PNB

IIFCL, Axis Bank, L&T IFCL

Total term loan

IIFCL Share

IIFCL share (%)

Rs. 332.61 cr.

Rs. 73.61 cr.

22.13%

Securities Available • First mortgage and charge over all the Borrower's properties and assets, excluding the Project Assets, first charge on all intangible assets, receivables

■ Pledge of equity shares held by the Promoters aggregating 51% ■ Corporate Guarantee of M/s KSS Petron Private Limited


Status of the project ■ The project achieved PCOD on 20.08.2015 ■ NHAI terminated the Concession Agreement vide order dated

20.03.2017. Concessionaire and Lenders have claimed termination Payment, which is pending with NHAI.

■ Lenders are in the process of filing joint recovery suit.

Remarks Company has initiated Arbitration proceedings under SAROD Reserve price Principal 0/s of Rs. 73.61 cr. plus applied/unapplied interest till the

date of assignment

M/s: Concast Ambha Road Projects Pvt. Ltd

Project Description Development and operation/maintenance of existing four major district roads under package —IX comprising of (i) Ambha-Pinhat Road (23.115 Km) (ii) Tekna — Manpur-Rameshwar Road (19.410 Km) ( (iii) Nadigaon — Secondha (23.27Km) (iv) Satanabada Narwar Road (25.540 Km) Madhya Pradesh by intermediate-Laning/Two-Laning on DBFOT on Annuity basis

Promoter / Sponsor Concast Infratech Ltd TPC & means of Finance



1 Project Equity Capital 47.64

2 Rupee Facility (Senior Debt)

111.15

TOTAL 158.79

Lead Bank/FI


Lead: PNB

Other lenders: IIFCL, UBI


Rs.111.15 cr Rs.31.75cr 28.56%


Securities Available ➢ First mortgage and charge on all borrowers movable and immovable properties and assets, intangible assets, revenues, bank accounts, receivables, pledge of 51% shares, personal guarantee of Sanjay Kumar Surekha and Corporate guarantee of Concast Infratech Ltd, undertaking from Concast Infratech Ltd and Roman Tarmat Ltd etc

Status of the project )=. MPRDC, terminated the project, in April, 2015, citing to slow progress, non-achievement of Milestones, default in payment of penalty etc

> Joint recovery suit filed by lenders against the borrowers/ guarantors in DRT, Kolkata on 15.07.2016

Remarks ➢ DRT proceedings are underway. ➢ With regard to arbitration, there are differences between

Concessionaire and the Concession Authority on the mechanism to be followed. Matter sub-judice

Reserve price Principal o/s of Rs.28.00cr

(9)

M/s: Concast Damoh Road Proiects Pvt Ltd

Project Description Widening and maintenance of 2 lane road at Damoh — Patharia - Gadakota a Major District Road (MDR) of overall length of 40.50 Km in Madhya Pradesh on Toll plus Annuity

Promoter / Sponsor M/s Concast Infratech Limited TPC & means of Finance

Original TPC - Rs.71.60 Cr Revised TPC : Rs. 89.28cr Means of Finance (Rs.in cr.)

S.N Particulars Original Revised

1 Project Equity Capital 21.60 27.81


50.00 61.74

TOTAL 71.60 89.28


Lead: Oriental Bank of Commerce Other lender: IIFCL


Rs.61.74 cr Rs. 17.21cr 26.18%

Date of NPA 30.09.2016 Securities Available D First mortgage and charge on all borrowers movable and

immovable properties and assets, intangible assets, revenues, bank accounts, personal guarantee of Sanjay Kumar Surekha , corporate guarantee of Concast Infratech Ltd & Concast Steel & Power Ltd. etc

Status of the project ➢ The project has achieved PCOD on 10 June 2016. However MPRDC, is not releasing any annuity due to the SPV.

➢ Lead bank has issued Notice for Financial event of default. Remarks D It is proposed to seek termination from MPRDC. Reserve Price Principal o/s of Rs.17.21cr plus applied / unapplied interest till

the date of assignment

( D)

M/s: Concast Dhaneta Road Projects Pvt. Ltd

Project Description Development and operation/ maintenance of the two Laning works of the existing four major district roads under package-VI comprising of Dhaneta — Rakhi — Shahajpur road (13.50 Kms), Bichiya — Shammapur — Dindori road (53.42 Kms), Bailkhedu — Saroud road (12.69 Kms) and Suraiya — Simariya — Badhiyakheda — Padariya — Dhamni —Singot road (13.22 Kms) with a total Length 92.82 Kms, in the state on design, Build, finance, operate and transfer (DBFOT) on Annuity basis


TPC - Rs.130.56cr Means of Finance


1 Project equity capital 39.17

2 Senior Debt 91.39 TOTAL 130.56


Lead: Bank of India Other Lenders: IIFCL, Indian Bank


Rs. 91.39cr Rs. 26.00 cr 28.44%

Date of NPA 30.06.2015 Securities Available > First mortgage and charge on all borrowers movable and

immovable properties and assets, intangible assets, revenue, bank account, personal guarantee of Sanjay Kumar Surekha, Corporate Guarantee of Concast Infratech Ltd etc

Status of the project > MPRDC, terminated the project, in April, 2015, due to slow progress, non-achievement of Milestones, default in payment of penalty etc

➢ Joint recovery suit filed by lenders against the borrowers / guarantors in DRT, Kolkata on 24.11.2016

Remarks ➢ DRT proceedings are underway > With regard to arbitration, there are differences between

Concessionaire and the Concession Authority on the mechanism to be followed. Matter sub-judice.

Reserve Price Principal o/s of Rs. 21.74cr

U\ )

M/s: Concast Jawasa Road Proiects Pvt. Ltd

Project Description Design and Development of Intermediate Laning/ Two Laning including the construction, operation, maintenance and management (DBFOT) of two major district roads (MDR) i.e Jawasa-Sunarpura Road (22.63 Km) & Pawai-Prithvipura Road (22.343 Km) under package viii on annuity basis in the state of Madhya Pradesh






56.08

TOTAL 74.77 Lead Bank/FI Other consortium lenders

Lead: Corporation Bank Other lender: IIFCL


Rs.56.08cr Rs. 14.08 cr 25.10%

Date of NPA 30.06.2015 Securities Available ➢ First charge by way of hypothecation / mortgage over all

movable / immovable properties and assets, tangible assets, all bank accounts, pledge of 51% shares personal guarantee of Sanjay Kumar Surekha, Chetan Kumar Jain, Corporate guarantee of Concast Infratech Ltd & Concast Steel & Power Ltd, sponsor undertaking of Concast Infratech Ltd etc

Status of the project ➢ MPRDC, terminated the project, in April, 2015, due to slow progress, non-achievement of Milestones, default in payment of penalty.

➢ Joint recovery suit filed by lenders against borrower / guarantor in DRT, New Delhi on 02.02.2017

➢ IIFCL has filed its claim with regard to M/s Shreeshyam Metaliks Pvt Ltd (operational creditor) vs Concast Steel & Power Ltd (corporate debtor) with RP

Remarks ➢ DRT proceedings are underway ➢ With regard to arbitration, there are differences between

Concessionaire and the Concession Authority on the mechanism to be followed in Arbitration. Matter sub-judice


M/s: Concast Morena Road Projects Pvt. Ltd

Project Description Two Laning work of the existing road viz. Morena-Sabalgarh section of SH-02 from +junction at Km 0/10 to Km 73/6 at sabalgarh ( Total Length — 72.6 Km and design length — 71.864 Km ) in the state of Madhya Pradesh on DBFOT on Toll + annuity Basis ( Total Length 71.864 kms)






124.31

TOTAL 165.75

Lead Banlc/FI Other consortium lenders

Lead: UBI Other Lenders: IIFCL, JOB, Vijaya Bank


Rs. 124.31cr Rs. 33.15cr 26.66%

Date of NPA 30.06.2015 Securities Available ➢ First mortgage and charge on all borrowers movable and

immovable properties and assets, intangible assets, revenues, bank accounts, pledge of 51% shares, personal guarantee of Sanjay Kumar Surekha and Corporate guarantee of Concast Infratech Ltd etc

Status of the project > MPRDC, terminated the project, in April, 2015 citing, concessionaire's failure to pay IE's fee, delays in submission of performance security, achieving the financial closure, project milestones etc

)=. Joint recovery suit filed by lenders against borrower / guarantors in DRT, Kolkata, on 23.08.2016

Remarks > DRT proceedings are underway )=. With regard to arbitration, there are differences between

Concessionaire and the Concession Authority on the mechanism to be followed. Matter sub-judice.


( 1 3)

M/s: Concast Path Bameetha Satna Road projects Pvt. Ltd

Project Description Development, operation/ maintenance of existing road connecting Bameetha-Panna-Nagod-Satna, Madhya Pradesh on DBFOT (Toll + Grant) basis, having a length of 97.60 Kms

Promoter / Sponsor M/s Concast Infratech Limited TPC & means of Finance

TPC - Rs. 244.39 Crore Means of Finance


1 Project Equity Capital 57.98 2 Grant 15.75 3 Rupee Facility (Senior Debt) 171.06


Lead: OBC Other lenders: IIFCL, Corporation Bank


Rs.171.06cr Rs.45.72 26.73%

Date of NPA 30.09.2017 Securities Available ➢ First mortgage and charge on all borrowers properties and

assets, intangible assets, revenues, bank accounts, insurance policies, DSRA, personal guarantee of Sanjay Kumar Surekha, Corporate guarantee of Concast Infratech Ltd & Concast Steel & power Ltd, sponsor undertaking from PATHIL etc.

Status of the project )=. Authority issued Intention to Terminate, in May, 2017 citing slow progress, non-achievement of Milestones, default in payment of penalty. Lenders invoked substitution. Substitution efforts was not successful.

> Project terminated by MPRDC/MoRTH in Jan, 2018 Remarks > Further action to be initiated in consultation with lead /

consortium. Reserve Price Principal o/s of Rs.43.20cr

M/s: Dighi Port Ltd

Project Description Dighi Port is being developed by Balaji Infra Projects Ltd (BIPL) under a 50 year "Build, Own, Operate, Share, Transfer (BOOST)" concession agreement signed with the Maharashtra Maritime Board (MMB), the Government of Maharashtra, to develop, operate, finance and maintain the Port. The project is divided into two phases namely phase lA (Berth nos. 1,2 and 3) and 1B (Berth nos. 4 and 5).

Berth nos. 1 and 2 are completed and they are handling limited cargo. Construction of Berth no. 3 and 4 are almost complete. Coastal shipment has been permitted in Berth no. 3.

Promoter/Sponsor Balaji Infrastructure Pvt Ltd (51.0%) and IL&FS (40.9%)

TPC Rs 2321.90 crore

Means of Finance Description Rs in crore Core sponsor contribution 380.70 Sub-concession receipts 460.00 Senior Term Loan 1361.10 Sub-Debt 73.50 Working Capital Term Loan 46.50 Total 2321.90

Lead Bank/F1 Bank of India


IIFCL, Bank of Maharashtra, Canara Bank, Central Bank of India, Corporation Bank, Dena Bank, Indian Bank, IL&FS Financial Services, I0B, OBC, PNB, UCO Bank, United Bank of India and Vijaya Bank

Total term loan Rs 1536.24 crore


IIFCL share (%) 5. % 92


Securities Available • First pari-passu charge on all immovable property of the company by way of mortgage

• First pari-passu charge on all other assets of the company (tangible & in-tangible) by way of hypothecation.

• Pari-passu charge over Project Bank Accounts including TRA and

DSRA. • Pledge of shares aggregating to 51% of paid up equity capital of

borrower • Corporate Guarantee of Balaji Infrastructure Pvt Ltd to secure

entire debt of Dighi Port Limited. • Personal Guarantee of Mr Vijay Kalanthri and Mr Vishal

Kalanthri (promoters) ) for the entire debt.

Status of the project • Project partly operational.

• Despite restructuring under CDR, Project implementation has not been completed and revenue stream remains minimal.

• Outstanding issues in the project include security creation, induction of investor, differences with sub-concessionaire and connectivity to hinterland

Remarks Project located in strategic location with proximity to Mumbai and project also has approval for handling liquid cargo.

With respect to connectivity, NHAI has awarded the contract for widening of road including Mhasla Bypass, which is crucial for evacuation of cargo and is expected to boost the cargo movement.

Proposed railway project to be developed by BIPL, IL&FS and Rail Vikas Nigam Limited (RVNL) to establish connectivity to Konkan Railway Network. MOU with RVNL has been signed and SPV has been formed for rail project.

Induction of strategic investor, who can infuse funds in the project for dredging and mechanization, connectivity to hinterland and increase the cargo level, will be beneficial.

Reserve Price Principal outstanding of Rs 91.00 crore plus applied/un-applied interest till date of assignment

M/s:GVK Bagodra Vasad Expressway Pvt Ltd

Project Description Six laning of existing three lanes of Bagodara-Wataman-Tarapur-Vasad Road SH-8, km 0.00 to km 101.90 in the state of Gujarat on a BOT-Toll basis.

Authority-Gujarat State Road Development Corporation Ltd (GSRDC)

Promoter/Sponsor GVK Transportation Pvt Ltd TPC Rs 1189.03 crore

Means of Finance Description Rs in crore Equity 297.26 Senior Term Loan 891.77 Total 1189.03

Lead Bank/FI Axis Bank


IIFCL, Central Bank of India, Punjab & Sind Bank, SBI and Oriental Bank of Commerce



IIFCL share (%) 22.42%


Securities Available First ranking charge over: a) All moveable properties of the Borrower except project assets; b) Borrowers bank accounts including escrow account; c) Pledge of 51% of paid up and voting equity capital of borrower.

B. Contractual Comforts: a) Corporate Guarantee of GVK Transportation Pvt Ltd

Status of the project Project physical progress 25.98% and implementation stalled since August 2015.

GSRDC had issued notice of intention to terminate the Concession Agreement in September 2017.

Now, GSRDC (Authority) vide letter dated 23.01.2018 has provided time till 25.03.2018 to lenders for completion of the substitution process.

Remarks Efforts for substitution of concessionaire had been taken by consortium, which is yet to be implemented.

Reserve Price Principal outstanding of Rs 122.14 crore

C / 6 )

Gwalior Jhansi Expressway Ltd.

Project Description Design, Construction, Development, Finance, Operation and Maintenance of the work of Rehabilitation and Up-gradation to four lanes from km.16.00 to km. 96.127 of Gwalior-Jhansi Road NH-75 in the State of Uttar Pradesh and Madhya Pradesh on North-South Corridor (NHDP Phase-II) BOT (Annuity) Basis.

Promoter / Sponsor DSC Group


T 721.32 Crore

Means of Finance Particulars Amount in Rs. Cr. Equity 216.40 Rupee Term Loan 504.92 Total 721.32

Lead Bank/FI


Punjab National Bank

IIFCL, Canara Bank, Vijaya Bank, Punjab and Sind Bank, State Bank of Patiala and State Bank of Hyderabad (sold to Phoenix ARC), UCO Bank (sold to Prudent ARC)

Total term loan

IIFCL Share

IIFCL share (%)

Rs. 504.92 cr.

Rs. 101 cr. (Principal 0/s — Rs. 92.75 cr.)

20%

Securities Available • First charge on all the Borrower's properties and assets, intangible assets, excluding project assets, receivables/ revenues from the project, bank accounts

■ Corporate Guarantee of DSC Ltd.


Status of the project ■ Project suffered due to delay in handover of land by NHAI. The account had turned NPA with all the lenders in Dec 2012.

■ Lenders have filed joint recovery suit before DRT, Delhi

Remarks Matter under arbitration between NHAI & Company. Arbitration Tribunal has passed an order dt. 23.07.16 for completion of balance work by NHAI with ROFR to Borrower

Reserve price Principal 0/s of Rs. 92.75 cr. plus applied/unapplied interest till date of assignment

M/s: Himachal Sorang Power Pvt Ltd

Project Description To set up a 100MW (2x50 MW) run of the river hydroelectric power project, located in state of Himachal Pradesh.

The project is based on Build, Own, Operate and Maintain basis under Implementation Agreement (IA) with Govt of Himachal Pradesh.

Promoter/Sponsor Greenko Energies Pvt Ltd TPC Rs 1638.47 crore

Means of Finance Description Rs in crore Promoter Contribution 878.92 Senior Term Loan 759.55 Total 1638.47

Lead Bank/FI IL&FS Financial Services Limited


IIFCL, HUDCO, Aditya Brila Finance Ltd, SREI Infra Finance Ltd


IIFCL Share Original Term Loan-Rs 100.00 crore (principal o/s-Rs 82.50 crore)

Additional Term Loan-Rs 24.57 crore (proposed to be disbursed after receipt of approval of Govt of Himachal Pradesh for change in ownership)



Securities Available Pari-passu first charge on the following:- i. Mortgage of borrowers' immovable properties, present and

future ii. Hypothecation of all borrowers movable properties and assets,

present and future. iii. Charge on borrowers' operating cash flows, book debts etc. iv. Assignment/charge on rights, titles, benefits, claims and

demands in project related documents. v. Pledge of entire paid up equity share capital of borrower vi. Corporate Guarantee of Greenko Energies Pvt Ltd

Status of the project TAQA (erstwhile promoter) was on-track to complete the project after commissioning Unit-I in October 2015 and due to accident involving the penstock rupture, project suffered a major setback.

TAQA expressed it unwillingness to continue with the project and offered to handover the project to lenders or alternatively to any other developer chosen by lenders at nominal cost.

Accordingly, promoter of HSPL was changed from TAQA to Greenko along with refinancing of existing debt and sanction of additional loan towards payment of existing overdues, IDC and part funding of cost for project completion/restart of the project. Accordingly documentation for COM was completed in May' 17 except HUDCO.

Now Directors appointed by Greenko have been inducted in the board and the project commissioning is expected by Mar'19

Remarks Project is fully completed expect for the penstock part.

Now Greenko (new promoter) has started to mobilize necessary resources in site for restart of work.


M/s:Ind-Barath Power (Madras) Limited

Project Description 1*660 MW coal based thermal power project in the state of Tamil Nadu

Promoter/Sponsor Ind-Barath Power Infra Limited TPC Rs 3540.00 crore


Lead Bank/FI Power Finance Corporation (PFC)


IIFCL and Rural Electrification Corporation (REC)





Securities Available First ranking charge over: a) All immoveable properties of the Borrower; b) All moveable properties of the Borrower; c) Pledge of 51% of paid up equity capital of borrower.

B. Contractual Comforts: a) Corporate Guarantee of Ind-Barath Power Infra Limited

Status of the project Project progress around 30% and presently stalled.

The account is under CIRP process of NCLT. Presently no resolution plan received after publication of Expression of Interest (EOI). Steps are being taken by Resolution Professional (RP) to report the transactions pertaining to Inter-corporate Loans to group companies, advances to contractors given by borrower as fraudulent/under-valued transactions.

Remarks Considering facts on records indicating siphoning of funds by borrower, consortium has taken/is taking requisite steps in this regard.


( 9 )

M/s:Indira Container Terminal Pvt Limited

Project Description Operation and Maintenance of Ballard Pier Station (BPS) for 5 years and development of the off shore container terminal (OCT) together with operation of the OCT for 30 years including a period of 3 years for construction of the OCT on Build, Operate and Transfer Basis.

Authority is Mumbai Port Trust (MbPT) and concession period is 30 years from 03.12.2007(date of award of license).

Promoter/Sponsor Gammon Infrastructure Projects Limited TPC Rs 1015.66 crore


Lead Bank/FI Canara Bank


IIFCL, PNB, Central Bank of India, United Bank of India





Securities Available First ranking charge over: a) All immoveable properties of the Borrower; b) All moveable properties of the Borrower; c) Pledge of 51% of paid up equity capital of borrower.

B. Contractual Comforts: a) Undertaking of Gammon Infrastructure Projects Limited (sponsor) towards cost over-run

Status of the project Overall progress is about 62% of entire project and Construction work almost stalled since last week of Februrary 2014.

Presently partial RO-RO operations and handling of steel cargo is being carried out as an interim arrangement and revenue is shared in ratio of 55:45 (MbPT:Company). Lenders are receiving 25% revenue, out of which IIFCL is receiving around Rs 30 lakhs/month.

Remarks In-order to revive the project, Mumbai Port Trust is in the process of rebidding the project with revised scope of work, where existing lenders are expected to get full principal amount as one time settlement.

Reserve Price Principal outstanding of Rs 96.16 crore plus applied/un-applied interest till date of assignment

C2D)

M/s: IVRCL Chandrapur Toliways Ltd

Particular Detail

Project description Four laning and improvement of Karanji- Wani-Ghuggus-Chandrapur (uptopadoli junction) road of MSH - 6867 in yavatmal86Chandrapur district (length: 85.112 kms) in the state of Maharashtra.

Promoter/ Sponsor IVRCL Group

Total Project Cost 86 Means of Finance


Means of Finance

Particulars Revised Estimates (D)

Equity/ Share Premium

268.28

Grant/ Stand-by Facility

199.50

Debt 414.71 Total 882.48

Lead Bank/FI


Bank of India- Lead Bank

Central Bank of India, IOB and IIFCL

Total term loan

IIFCL Share

IIFCL share (%)

Rs. 414.71 Cr

Rs. 81.10 Cr (In three Term Loans)

(19.56%)

Security Available A first charge over company's properties and assets (other than Project Assets) both present and future; intangible assets of the company, receivables 86 revenues of the company.

Pledge of 51% of the total paid up and equity shares held by the Sponsors in the borrower.

Personal Guarantee of Mr. E. Sudhir Reddy, Director of promoter company IVRCL Limited


Status of the project • Project is operational with low toll collection. • Final completion certificate is expected shortly. • After final completion only, lenders may proceed

for any recovery action including but not limited to termination of the contract followed by demand for termination payment from authority.

Remarks Project is operational with average toll collection of Rs. 2.00 Cr to Rs. 3.00 Cr per month.

Reserve Price Principal outstanding of Rs. 81.10 Cr plus applied/unapplied interest till date of assignment.

JAS INFRASTRUCTURE AND POWER LIMITED

Project Description 1320 MW (2*660 MW) supercritical coal based thermal power project in Siriya Village, Baunsi block of Banka district, Bihar

Promoter / Sponsor Abhijeet Group


The total project cost - Rs. 7400.00 cr. to be

Means of Finance

Rs. Cr.

financed as under:

Particulars Amount Promoters' Contribution 1480.00 Term Loan-Senior Debt 5550.00 Sub Debt 370.00 TOTAL 7400.00

Lead Bank/FI


Axis Bank (Lead, share sold to ACRE)

PNB, REC, UCO Bank, PFC, Bank of India, OBC, SBBJ, IIFCL, HUDCO and LIC.

Total term loan

IIFCL Share

IIFCL share (%)

Rs. 5550 cr.

Rs. 525.00 cr. (Sanctioned)

The principal outstanding of IIFCL as on date is Rs. 14.13 cr. (Loan of Rs. 510.87 cr. cancelled on 09.06.2014)

Securities Available ■ First charge on all the movable, immovable, and tangible

assets of the Borrower, present and future except project assets

■ First charge / assignment on all revenues, receivables, reserves, all bank accounts including escrow, DSRA of the Borrower;

■ Pledge over 51% of the total equity share capital of the Borrower

■ Personal Guarantee of Mr. Manoj Jayaswal, Promoter


Status of the project ■ The project is at standstill since Nov 2012 with physical progress of 28.81%.

■ Project suffered delay in completion ■ As on date, the account is NPA with all the lenders

Remarks

Lenders have filed individual recovery suit against the Borrower before DRTs

Reserve price Principal 0/s of Rs. 14.13 cr.

C 22)

M/s: Jayvee Infratech Ltd

Project Description To develop, construct and operate the 165 KM 6-lane

(extendable up to 8-lane) access controlled expressway (Yamuna Expressway) between Noida and Agra in the state of Uttar Pradesh. Yamuna Expressway Industrial

Development Authority (YEA), the nodal agency set up

by Government of Uttar Pradesh (GoUP) to plan and

construct the Expressway connecting the city of Agra with Noida, has also granted the Concessionaire the

rights to develop 2,500 hectares (6,175 acres) of land in five different parcels namely Noida, Jaganpur, Mirzapur, Tappal and Agra along the proposed

Expressway for commercial, amusement, industrial, institutional and residential purpose.

Promoter/Sponsor Jaiprakash Associates Ltd (JAL)

Total Project Cost &

Means of Finance Total project cost- Rs. 13300 Cr

Means of Finance

Means of Finance Amount (Rs in Cr) Equity 3739.29 Debt 6600

Surplus proceeds of Real Estate Development

2960.71

Total 13,300

Lead Bank/ FI


IDBI Bank Ltd- Lead bank

SBH, LIC, UBI, Corporation bank, J&K Bank, SBoP,

Syndicate bank, Bank of Maharashtra, IIFCL, ICICI,IFCI

Total term loan

IIFCL Share

IIFCL share (%)

Rs. 8160 Cr

Rs. 900.00 Cr-Under Takeout Finance

(11.03%)

Securities Available • First charge by way of Mortgage of land acquired for constructing the Yamuna Expressway covering approx. length of 41 km.,on land in Jaganpur, Mirzapur, Agra and Tappal, acquired for Real Estate development.

• First charge by way of hypothecation of all the

movable assets of the company, Company's book

debts, receivables, on all bank accounts including

but not limited to DSRA, TRA, assignments, right,

title, interest etc.

• Pledge of 51% of the fully paid-up equity shares of

borrower.

• An irrevocable and unconditional Personal

Guarantee of Sh. Manoj Gaur.


Status of the project • Currently project road is operational. However, Real Estate part of the project is still incomplete.

• Resolution professional (RP) has invited Expression of Interest from the prospective bidders, for resolution.

• RP has received good number of bids from Resolution applicants for Resolution plan.

• It is expected that resolution scheme would be firmed up shortly.

Remarks

Project comprises of Expressway and development of Real Estate along the project road stretch. Road is operational with average toll collection of approx. Rs. 90 Lakh per day.

Reserve Price Principal outstanding of Rs. 900.00 Cr plus applied/unapplied interest till date of assignment.

0 3)

M/s: KMP Expressways Ltd

Project Description Development of 135.65Km long Kundli-Manesar — Palwal Expressway having 4/6 lane divided highway in the State of Haryana, on BOT basis

Promoter / Sponsor Madhucon Projects Limited (MPL) & DSC Limited (DSCL) TPC & means of Finance

TPC - Rs. Rs.1915 crore Means of Finance


1 Equity 766.00

2 Rupee Term Loan 1149.00 TOTAL 1915.00


Lead: IDBI Bank Other lenders: IIFCL, Canara Bank, SBM, SBT, SBP, Vijaya Bank, UBI, State Bank of Indore, UCO Bank, Dena Bank


Rs.1149.00cr Rs.149.00 12.96%

Date of NPA 31.07.2013 Securities Available ➢ First mortgage and charge on all borrowers properties and

assets, intangible assets, including the goodwill, and uncalled capital, receivables/ revenues, Pledge of 100% shares, Corporate guarantee of D.S. Constructions Ltd & Apollo Enterprises Ltd etc

Status of the project ➢ Substitution process was initiated in 2014 wherein HSIIDC agreed to pay termination pymt of Rs. 1300 Cr. However, with change in Govt., HSIIDC backtracked.

D SC vide order dt. 13.05.2016 referred the case to the Arbitral Tribunal (AT). Further, Authority to transfer 80% of toll collection in escrow.

➢ As per Court order, HSIIDC has signed Escrow Account Agmt on 03.03.2017 and opened a/c. HSIIDC has so far transferred Rs.40.35cr.

➢ Lenders have filed joint recovery suit against borrower / guarantor in DRT, Delhi in Nov 2015.

Remarks ➢ DRT proceedings are underway

➢ In respect of arbitration proceedings, Delhi High Court has extended time till 31 5t May, 2018 along with reduction in fee of arbitrator. However, arbitrator did not agreed for the same.

Reserve Price Principal o/s of Rs.135.25cr plus applied / unapplied interest till the date of assignment

M/s: KVK Nilachal Power Pvt Ltd

Project Description Implementation of 350 MW coal based power plant at Kandarei Village, Cuttack District, Orissa

Promoter/Sponsor KVK Energy and Infrastructure Pvt Ltd TPC Rs 1350 crore

Means of Finance Description Rs in crore Equity 270.00 Senior Debt-A 945.00 Senior Debt-B 135.00 Total 1350.00

Lead Banlc/FI Power Finance Corporation


IIFCL, HUDCO and UCO Bank

Total term loan Debt A-Rs 945.00 crore Debt B-Rs 135.00 crore Total-Rs 1080.00 crore

IIFCL Share Debt A-Rs 218.75 crore Debt B-Rs 31.25 crore Total-Rs 250.00 crore



Securities Available Pari-passu first charge on the following:- i. Mortgage of borrowers' immovable properties, present and

future ii. Hypothecation of all borrowers movable properties and assets,

present and future. iii. Charge on borrowers' operating cash flows, book debts etc. iv. Assignment/charge on rights, titles, benefits, claims and

demands in project related documents. v. Pledge of 74% of equity in favour of Security Trustee for

benefit of lenders. vi. Personal Guarantee of Promoter-Shri K Vijaya Kumar

Status of the project • Project presently stalled and overall progress of work is around 47.6%.

• Orissa High Court in May 2012 stayed work at site based on Writ Petition filed alleging that the project is within a regulated eco-sensitive zone and within 10 km radius of Kapilash Wild life sanctuary. The construction activities in site was stalled since 18.05.2012 and stay since lifted in 16.05.2014.

• Thereafter the project has suffered time and cost over-run coupled by promoters inability to bring in equity/strategic investor

• Presently lenders are in the process of referring the account to CIRP process under NCLT for time bound resolution/recovery.

Remarks The project is located in strategic location and near to coal source (Mahanadi Coal Fields Limited)

Hence, possibility of induction of Strategic Investor to complete the project, may be explored.


M/s: Lanco Teesta Hydro Power Limited

Project Description Implementation of a 500MW (4x125 MW) run of the river hydroelectric power project across the teesta river (Teesta VI), located in state of Sikkim.

Project is based on Build, Own, Operate and Transfer basis under Implementation Agreement (IA) with Govt of Sikkim dated 07.12.2005. IA confers upon LTHPL right to construct, operate and maintain the project for a period of 35 years

Promoter/Sponsor Lanco Infratech Limited (LITL)


Means of Finance Description Rs in crore Equity contribution 800.00 Senior Term Loan 2400.00 Total 3200.00

Lead Bank/FI ICICI Bank


IIFCL, HUDCO, PNB, Canara Bank, Vijaya Bank, Central Bank of India, REC, UCO Bank






a) All immoveable properties of the Borrower;

b) All moveable properties of the Borrower; and

c) Pledge over 30% shares of the Borrower held by Lanco Infratech Limited ("LITL") and Lanco Hydro Power Limited.


a) Sponsor Support Undertaking by LITL;

b) Non disposal undertaking over the shares of Borrower held by LITL.

c) Letter of Comfort given by LITL

Status of the project Project 52% completed and had been stalled since Sep 2012 due to expected time and cost over run, lack of clarity on acceptance of revised project cost by MSEDCL, sponsor (Lanco Infratech Limited) under CDR.

In order to revive the project through change in management, the JLF in July 2015 decided and invoked Strategic Debt Restructuring, with lenders now collectively holding 51% equity in the company. (SDR failed).

Presently the sponsor is referred to NCLT and lenders are in the

process of referring this SPV to NCLT.

Remarks Project being strategically located in Teesta basin with dependable discharge, proximity to power evacuation corridor, proposed new Hydro Policy providing for interest subvention etc is an advantage.

However, a strategic investor will be required to infuse funds for completion of the project.


LUCKNOW SITAPUR EXPRESSWAYS LIMITED

Particular Detail Project description Design, Engineering, Financing, Procurement,

Construction, Operation Maintenance, Rehabilitation & Strengthening of existing 2 Lance Road and widening to 4 Lane divided highway from Km 488.270 to KM 413.20 of NH24 (Lucknow — Sitapur Section) in the state of Uttar Pradesh on Build, Operate and Transfer (BOT) Basis.

Promoter/Sponsor DSC Limited

Total Project Cost and Means of Finance


Means of Finance

Means of Finance Amount (Rs in Cr)

Equity 119.33 Debt 214.00 NHAI Grant 117.08 Total 450.51

Lead Bank/FI


State Bank of Travancore- Lead Bank (sold its share to ARC Phoenix)

State Bank of India, Bank of Baroda and IIFCL

Total term loan

IIFCL Share

IIFCL share (%)

Rs. 214.00 Cr

Rs. 47.00 Cr

(21.96%)

Security Available A first charge over company's properties and assets (other than Project Assets) both present and future; intangible assets of the company, receivables & revenues of the company. Pledge of 51% equity shares of borrower.

Corporate Guarantee of DSC Limited.


Status of the Account Project suffered due to delay in Handing over of the site, Delay in approval for utility shifting, delay in

cutting of Trees & Shifting of utilities.

Project achieved PCOD in 2013.

Remarks Project is operational with low toll collection

Reserve Price Principal outstanding Rs. 29.87 Cr applied/unapplied interest till date of assignment.

plus

(,27)

MAADURGA THERMAL POWER CO. LTD.

Project Description 60 MW (2 X 30 MW) coal based thermal power plant in Bainchua, Orissa

Promoter / Sponsor Maa Durga Group of companies


The original Project Cost was Rs. 292.13 Cr. which was revised Rs. 373.19 Cr.

Means of Finance Rs.

to

In Cr. Particulars Origin al Revised

Promoters' Contribution 82.13 118.19 Term Loan-Senior Debt 210.00 255.00 TOTAL 292.13 373.19

Lead Bank/FI


Bank of India (Lead)

IIFCL, UCO Bank, OBC, Andhra Bank, and Karnataka Bank

Total term loan

IIFCL Share

IIFCL share (%)

Rs. 255 cr.

Rs. 8.54 cr.

(3.3%)

Securities Available i) First charge on all on all the movable, immovable assets (including receivables), and intangible assets of the Borrower (except Project Assets)

ii) First charge on all revenues, project bank accounts including TRA

iii) Non Disposal Undertaking for 51% of the equity share capital of the Borrower.

iv) Personal Guarantees of Promoter Directors (a) Mr. Prasanta Chandra Rath, (b) Mr. Pramod Chandra Rath, (c) Ms. Padmini Rath, (d) Mr. Lora Mitra Rath, and (e) Mr. Surya kanta Acharya

v) Corporate guarantee of Sri Durga Condev (P) Ltd. Date of NPA 31.10.2013

Status of the project i) The SCOD of the project was August 2011. The project suffered on account of change in scope of project due to shift in transmission line and cost overrun. The project is at standstill since 2013

ii) The plant structure is majorly complete. As regards transmission- Of 93 transmission towers, 77 towers are erected and stringing of 24 towers is completed.

iii) Lenders have filed recovery suit against Borrower under DRT

iv) Action under SARFAESI Act initiated by lenders

Remarks

One Time Settlement being explored

Reserve price Principal 0/s of Rs. 8.54 cr. plus applied/unapplied interest till date of assignement

M/s:Mora Tollways Limited

Project Description This project envisages to augment the existing road from km 0.000 to km 116.760 (approx. 117.00 km) on the Mohania-Ara section of NH-30 in Bihar by Four-Laning on design, build, finance, operate and transfer ("DBFOT") basis.

Authority is Bihar State Road Development Corporation Limited (B SRDCL)

Promoter/Sponsor Atlanta Infra Assets Limited


Means of Finance Description Rs in crore Equity 202.00 Grant 298.00 Senior Term Loan 700.00 Total 1200.00

Lead Bank/FI Union Bank of India


IIFCL, OBC, BOB, Punjab and Sind Bank, DNS Bank

Total term loan R Rs 700.00 crore






b) Borrowers bank accounts including escrow account;

c) Pledge of shares held by sponsor aggregating to 51% of paid up equity and voting equity share capital of the Borrower.


a) Corporate Guarantee of Sponsor (Atlanta Infra Assets Limited)

Status of the project Project physical progress of 22.60% and financial progress of 47%.

In February 2015, the concessionaire issued termination notice to the authority (BSRDCL) citing authority default like non-payment of tranche of grant, non payment of additional cost for the procurement

of longer leads, failing to procure entire ROW Right-of-way, and has claimed Rs 600 crore in accordance with provisions of concession agreement which includes debt due and 150% of adjusted equity. Presently, the matter is under arbitration.

Meanwhile, lenders filed a joint recovery suit in DRT, Delhi on 16.08.2016.

Remarks In the last JLF held on 23.08.2017, Borrower's representative informed that they are expecting the order with respect to Arbitration proceedings against BSRDCL in Company's favour.

Reserve Price Rs 35.91 crore plus applied/un-applied interest till date of assignment.

RAEBAREILLY ALLAHABAD HIGHWAY PRIVATE LIMITED

Project Description Two-laning of Raebareilly to Allahabad Section of National Highway 24B from km 82.00 to km 188.60 in the State of Uttar Pradesh to be executed as BOT(Toll) project under NHDP Phase IV A on Design, Build, Finance, Operate, Transfer (DBFOT) basis

Promoter / Sponsor The project is promoted by VIL Limited -74% and Vijai Construction -24%


Total Project Cost - Rs. 530.44 cr.

Means of Finance

Particular Rs. Cr.

Equity

-Promoters Contribution 89.11 -NHAI Grant 42.10 Subordinate Debt 10.00 Rupee Term Loan (RTL) 215.08 FITL 54.24 OTFI from NHAI 119.91 Total 530.44

Lead Bank/FI


SBI

IIFCL, RCL, PNB

Total term loan incl. FITL

IIFCL Share

IIFCL share (%)

Rs. 266.91 cr. (incl. FITL of Rs. 51.83 cr.)

Rs. 60.91 cr. (incl. FITL)

22.8%

Securities Available • First charge on Borrower's immovable properties except project assets, movable assets, intangible assets, rights, titles, interests, receivables/revenues of the borrower, borrowers bank account including Escrow account and other reserves without limitation

■ Pledge of 51% paid-up equity capital of Borrower ■ Personal Guarantee of Mr. Naushad Ahmed, Director


Status of the project ■ The project has been delayed due to various reasons including delay in acquisition of 100% land, delay in execution of State Support Agreement, delay in issue of permits / approvals for tree cutting, RoB, etc., delay in release of grant by NHAI etc.

■ As per LIE the project is 72.90% complete as on 31.12.2016

■ Project being closet monitored by Allahabad High Court

Remarks

OTFI of Rs. 119.91 cr. sanctioned by NHAI involving ceding of Priority charge on project receivables in favour of NHAI

Reserve price Principal 0/s (incl. FITL) of Rs. 60.91 cr. plus applied/unapplied interest till date of assignment

C

M/s: Raigani Dalkhola Highways Limited

Particular Detail

Project description Raiganj - Dalkhola section of NH-34 from Km 398.00 to Km 452.75 on Design, engineering, construction, development, finance, operation and maintenance in the state of West Bengal under NHDP Phase III.

Promoter/ Sponsor HCC Group



Means of Finance

Particulars Means of Finance (Rs in Cr) NHAI Grant 225.54 Promoter's Equity/ Subdebt 137.15 Rupee Term Loan 321.64 Total 684.33

Lead Bank/FI


Yes Bank-Lead Bank

Dena Bank, OBC, Vijaya Bank, Indian Bank, IIFCL

Total term loan

IIFCL Share

IIFCL share (%)

Rs. 321.64 Cr

Rs. 67.00 Cr

(20.83%)

Security Available A first charge over company's properties and assets (other than Project Assets) both present and future; intangible assets of the company, receivables & revenues of the company. Pledge of 51% equity shares, held by promoter and its associates.


Status of the Account In view of the present position of the project account, wherein project has been terminated during implementation, lenders are of the view to initiate the appropriate recovery action.

Remarks Project is under construction and has been

terminated by the Authority on account of Concessionaire event of defaults. Lenders are in process of initiating the recovery action. Meantime, concessionaire is also in process of opting for Arbitration route.

Reserve Price Principal outstanding of Rs. 18.81 Cr

( 31 )

M/s: Raipur Waste Management Pvt. Ltd

Project Description Integrated City Sanitation & Municipal Solid Waste Management Project (ISWMP) in Raipur area.

Promoter / Sponsor Kivar Holdings P. Ltd TPC & means of Finance

TPC - Rs. 56.19Crore Means of Finance


1 Equity 22.93

2 Funding from Banks/FI's 33.26 TOTAL 56.19


Lead: Catholic Syrian Bank Other lender: IIFCL


Rs.33.26cr Rs.13.71cr 41.22%

Date of NPA 30.06.2015 Securities Available ➢ First charge by way of mortgage over all borrower

movable and immovable property, intangible assets, including the goodwill, and uncalled capital, book debts, operating cash flows, receivables, commissions, revenues, Pledge of 51% shares, Corporate guarantee of Kivar Holdings Private Limited etc

Status of the project ➢ Due to certain disputes between SPV and Concessioning Authority, the RMC terminated the project in Nov, 2014.

➢ Substitution did not materialized ➢ Individual suit filed in DRT, Bengaluru. Later, the OA will

get connected to the individual recovery suit filed by lead i.e CSB

Remarks ➢ DRT proceedings are underway ➢ Company has informed that Dispute Resolution process

started in November, 2017. Reserve Price Principal o/s of Rs. 13.59cr plus applied / unapplied interest till

the date of assignment

C 32)

M/s: SEW LSY Highways Ltd

Particular Detail

Project description Four-Laning of Delhi-Saharanpur-Yamunotri (up to Uttarakhand border) Section of SH- 57 (km. 10.911 to km. 217.000).

Promoter/ Sponsor SEW Infrastructure

Total Project Cost & Means of Total project cost- Rs. 2770.00 Cr Finance Means of Finance

S. No Means of Finance Amount (in Cr)

1 Equity Contribution 363.24

2 Interest free unsecured loan

363.23

2 Interest free Unsecured 343.52 Grant from UPSHA

3 Term Loan 1700.00 Total 2770.00

Lead Bank/FI Punjab National Bank-Lead bank

Other consortium lenders Corporation Bank, CBI, Dena Bank, ICICI,IIFCL, IOB 4 OBC,PSB,SBH, SBM, SBoP, UBI, Vijaya Bank

Total term loan Rs. 1700.00 Cr

IIFCL Share Rs. 240.00 Cr

IIFCL share (%) (14.12%)

Security Available A first charge over company's properties and assets (other than Project Assets) both present and future; intangible assets of the company, receivables & revenues of the company. Pledge of 51% equity shares. Corporate Guarantees of SEW LSY Highways Ltd, SEW Infrastructure Ltd, & Prasad and Company (Project Works) Ltd.


Status of the Account • Authority and Concessionaire have initiated the Arbitration, wherein the proceedings are at the advance stage.

• In the meantime, lenders have also filed recovery suit in DRT, Hyderabad in Aug 2017, wherein proceedings are going.

Remarks Project is under construction and authority had terminated the project contract on account of Concessionaire event of defaults.

Lenders are in process of recovery under DRT route.

Reserve Price Principal outstanding of Rs. 89.07 Cr plus applied/unapplied interest till date of assignment

( 33)

SION PANVEL TOLLWAY PVT. LTD. (SPTPL)

Project Description Widening, developing and maintaining the existing 3+3 lane stretch to a 5+5 lane stretch (toll able length- 23.09 km) between Bhabha Atomic Research Centre (BARC) junction in Mumbai to Kalamboli junction in Navi Mumbai on a Design, Build, Finance, Operate and Transfer (DBFOT) basis.

Promoter / Sponsor IVRCL Assets Holding Limited and Kakade Infrastructure Private Limited


Total project Cost- Rs. 1706.00 cr. financed as under:

Particulars Amount in Rs. Cr. Equity incl. internal accruals 407.00 Loan A 909.00 Loan B 309.00 Total 1706.00

Lead Bank/FI


JOB

IIFCL, Bank of India, Canara Bank, OBC, SBI, Phoenix ARC, TMB, Suraksha ARPL

Total term loan

IIFCL Share

IIFCL share (%)

Rs. 1218 cr.

Rs. 160 cr.

13.1%

Securities Available First charge on Borrower's properties and assets excl. project assets, intangible assets, Borrower's bank accounts, rights, titles, project documents Pledge of 51% paid-up equity capital of Borrower


Status of the project Project suffered due to low toll collection as MSRDC has exempted certain vehicles for toll deposit

Lenders are in the process of filing writ petition against GoM w.r.t. termination

Remarks Recovery suit filed by lenders in DRT, Hyderabad

Reserve price Principal o/s of Rs. 160 cr. plus applied/unapplied interest till date of assignment

( 3')

SUPREME PANVEL INDAPUR TOLLWAYS PVT. LTD.

Project Description 4-laning of Panvel-Indapur Section of NH-17 from Km 0.000 Panvel to Km 84.000 Indapur (approx length 84.60 Kms.) in the State of Maharashtra under NI-fDP Phase III on BOT Basis.

Promoter / Sponsor Supreme Infrastructure India Limited — 26%, Supreme Infrastructure BOT Pvt Ltd- 38%, China State Construction Engineering Hong kong Limited- 26%, Mahavir Road and Infrastructure Pvt Ltd- 10%


Total Project Cost is Rs. 1206 cr. financed as under:

Particulars Amt in Rs. Cr. Debt 900.00 Equity 306.00 Total 1206.00

Lead Bank/FI


SBI

IIFCL, Canara Bank, Corporation Bank, SBoP, L&T Infra. Fin. Co. Ltd., Union Bank


IIFCL Share incl. FITL

IIFCL share (%)

Rs. 1068.5 cr.

Rs. 166.21 cr.

15.6%

Securities Available • First charge and mortgage of all the borrowers' immovable properties (if any) both present and future, save and except the Project Asset, receivables, intangible assets of the borrower

■ Pledge over 51% of the equity shares of the borrower. ■ Personal guarantee of Shri Vikram sharma and Shri Vikash

Sharma. ■ Corporate Guarantee of Supreme Infrastructure India Limited


Status of the project ■ Project suffered due to various issues viz. land acquisition, delay in infusion of equity etc.

■ Rs. 401.00 cr. sanctioned under OTFI scheme of NHAI involving ceding first charge of project receivables in favour of NHAI

Remarks Project work re-initiated upon sanction of OTFI by NHAI

Reserve price Principal o/s (incl FITL) — Rs. 166.21 cr. plus applied/unapplied interest till the date of assignment

( 6)

M/s: Swiss Tech India Pvt Ltd

Project Description Manufacture, Supply, Erection and Operation of 500 Nos. Reverse Osmosis Water Treatment Plants on Build, Own, Operate & Transfer (BOOT) Basis in CHITTOR, NELLORE, PRAKASAM & WARANGAL

DISTRICTS of ANDHRA PRADESH

Promoter/ Sponsor Swiss Tech India Pvt Ltd Total Project Cost & Means of Finance


Means of Finance

Particular Amount (Rs. in Cr)

Debt 28.00

Equity 9.50

Total 37.50

Lead Bank/FI


IIFCL is the only lender (after merger of IWRFC with IIFCL)

Total term loan

IIFCL Share

IIFCL share (%)

Rs. 28.00 Cr (100%)

Securities Available First charge on all project assets, all banks accounts including Escrow account, movable and immovable assets, intangible assets etc. Pledge of 51% of the total paid up Equity share capital.


Status of the project Currently matter is under DRT, Delhi and being monitored with the help of LLC.

Remarks Project comprises of RO plants at 500 different locations. Project is partially completed.

Reserve Price Principal outstanding of Rs. 21.51 Cr plus applied/unapplied interest till date of assignment

3 6)

TANTIA RA/CAUL TOLLWAY PVT. LTD.

Project Description Two laning of Piprakothi-Raxaul section of NH-28 A (from km 0.600 to km 62.064) and construction of 2-lane link road from km 62.064 to Integrated Check Post (ICP) Raxaul (7.33 km length) in the state of Bihar under NHDP Phase-III on BOT (toll) basis.

Promoter / Sponsor Tantia Infrastructure Pvt. Ltd. — 99.32% and Tantia Construction Ltd. -0.34%


Project Cost - Rs.531.06 cr. to be financed as under:

Particulars Amount in Rs. Cr. Debt 270.22 Equity 111.04 Total 531.06

Lead Bank/FI


Indian Bank

IIFCL, SBI, Dena Bank, OBC, BoI

Total term loan

IIFCL Share

IIFCL share (%)

Rs. 264.22 cr.

Rs. 38.74 cr.

14.7%

Securities Available • First charge on Borrower's properties and assets excl. project assets, intangible assets, revenues and receivables, Borrower's abnk accounts, rights, titles, interests, benefits, claims

■ Pledge of 51% equity shares held by Promoters • Corporate Guarantee of Tantia Constrction Ltd. ■ Personal Guarantee of Mr. Siddhartha Tantia

Status of the project ■ Project suffered due to delay in handover of Land by NHAI, Liquidity crunch of the promoter, hindrances in receiving the resources primarily because of closure of all mines in Bihar and other transportation issues.

■ NHAI has issued notice for Intention to Terminate

Remarks Lenders have initiated substitution process

Reserve price Principal 0/s of Rs. 38.74 cr. plus applied/unapplied interest till date of realization.

( 3 7)

M/s: Topworth Tollways (Bela) Pvt Ltd

Project Description Construction, Development, Management and

maintenance of Four Lane carriageway of Satna-Bela

(NH-75) from km 155.40 to km 198.600 in the state of

Madhya Pradesh on BOT basis.

Promoter/ Sponsor Topworth Group

Total Project Cost 136

Means of Finance


Means of Finance

Particulars Amount

Sponsor's Contribution 135.32

Term Loan from banks 315.74

Grant 31.97

Total 483.03

Lead Bank/ FI


Central Bank of India-Lead Bank

IIFCL

Total term loan

IIFCL Share

IIFCL share (%)

Rs. 315.74 Cr

Rs. 40.00 Cr

(12.67%)

Securities Available First charge on movable and immovable assets (other than project assets), banks accounts including Escrow account,), intangible assets etc. Pledge of 51% of the total paid up Equity share capital.


Status of the project Project is under construction with approx. 40% physical completion. Concession Agreement has been terminated by the authority.

Remarks

Lenders are proceeding for the recovery action under DRT.

Reserve Price Principal outstanding of Rs. 24.71 Cr

M/s: Transstrov Bhopal Berasia Sironi Tollwa s Pvt. Ltd Project Description Construction, widening and up gradation of existing road to two lane

with paved shoulder for Bhopal — Berasia Section and two lane with earthen shoulder for Berasia- Sironj section starting from Bhopal (km.4/100) and terminates near Sironj (km. 00/000) a segment of SH-23 situated on North Western part of Madhya Pradesh State having total length of 106.900 km. on DBFOT (Toll) basis

Promoter / Sponsor Transstroy India Limited TPC & means of Finance

TPC - Rs.194.81crore Means of Finance


1 Debt from Sponsor 26.00

2 Debt from Senior lenders 109.00 3 Grant 24.55 4 Sponsor Equity 35.26


Lead: Allahabad Bank

Other lender: IIFCL


Rs.109.cr Rs.34.00cr 31.19%

Date of NPA 31.03.2016 Securities Available > First mortgage and charge on all borrowers immovable

properties except project assets, intangible moveable assets, revenues, bank accounts, 51% pledge of shares, Personal guarantee of Sridhar Cherukuri, Corporate guarantee of Transstroy India Ltd etc

Status of the project > Authority terminated the project, in Jan, 2016, citing non-achievement of project milestone, failure in paying dues to the authority towards IE's fee, delay in achieving financial closure etc and failed to expedite the construction work at the project site.

> Allahabad Bank (Lead) has filed suit in DRT, Hyderabad individually on 31.08.2016 bearing OA No. 1150/2016

> Court had admitted the application submitted by IIFCL for transposition of IIFCL from defendant to Co-applicant, in the OA filed by lead bank

➢ DRT proceedings are underway. > With regard to arbitration, there are differences between Concessionaire and the Concession Authority on the mechanism to be followed in Arbitration. Matter sub-judice.

Remarks


(39)

M/s: Transstrov Bhopal — Bioara Tollwa s P Ltd Project Description Four laning of Bhopal Biaora section of NH-12 (from km 316.10

to km 423.40) in the state of Madhya Pradesh on DBFOT (toll) basis.




1 Equity 211.59 2 Senior Debt 500.00

TOTAL 711.59


Lead: Central Bank of India Other lender: IIFCL, Corporation Bank, BOI, UBI


Rs .500.00cr Rs.100.00cr 20.00%

Date of NPA 30.06.2016 Securities Available > First mortgage and charge on all borrowers movable and

immovable properties and assets, intangible assets, revenues, bank accounts, Corporate guarantee of Transstroy Indian Ltd and Corporation Transstroy OJSC , mortgage of non-agricultural land admeasuring 217 sq.mt etc

Status of the project ➢ Authority terminated the project , in May, 2016, citing non-achievement of project milestone, failure in paying dues to the authority towards IE's fee, delay in achieving financial closure etc and failed to expedite the construction work at the project site

> Joint recovery suit filed by lenders against borrower / guarantors in DRT, Hyderabad on 16 th October, 2017

Remarks ➢ DRT proceedings are underway. > With regard to arbitration proceedings, there are differences

between Concessionaire and the Concession Authority on the mechanism to be followed in Arbitration. Matter sub-j udice.

Reserve Price Principal o/ s of Rs.75.41cr

M/s: Transstroy Hoskote Dobbaspet Tollways Private Limited

Project Description Four laning of existing road on Hoskote- Dobbaspet Section (Km 58.300 to Km 138.320) of NH-207 in the state of Karnataka on DBFOT basis.




1 Equity 175.42

2 Senior Debt 525.00 3 Grant 27.00

TOTAL 727.42


Lead : Central bank of India Other lenders: HFCL, Canara Bank, Dena Bank, BOB


Rs .525.00cr Rs. 112.00cr 21.33%

Date of NPA 30,09.2017 Securities Available > First mortgage and charge on all borrowers movable and

immovable properties and assets, intangible assets, revenues, bank accounts, pledge of 51% share, personal guarantee of Sridhar Cherukuri, Corporate guarantee of Transstroy Indian Ltd and etc

Status of the project ➢ NHAI issued Notice of Intention of Termination, in March, 2016, citing, non-achievement of project milestones, abandonment of construction, failure to meet the maintenance of the project highway and safety requirements, failure to deposit half of IEs payments to the Authority etc.

> NHAI has not grated extension of time for substitution Remarks > Further action to be initiated in consultation with lead /

consortium. Reserve price Principal o/s of Rs.50.89cr

M/s: Transstrov Karnataka-Kerala-Kannur Tollways Private Limited

Project Description Design, Engineering, finance, procurement, construction, operation and maintenance of "Four laning of KNT/KL border — Kannur section from Km17.200 to Km143.823 of NH-17 in the State of Kerala under NHDP Phase — III on DBFOR (Toll) basis




1 Promoter Equity 230.89

2 Grant from NHAI 112.00 3 Term loan 815.00

TOTAL 1157.89 Lead Banlc/FI Other consortium lenders

Lead: Allahabad Bank Other lenders: Central Bank of India, Corporation Bank, OBC , IIFCL, UBI


Rs.815.00cr Rs.140.00cr 17.17%

Date of NPA 31.03.2015 Securities Available ➢ First mortgage and charge on borrowers movable and

immovable properties and assets, intangible assets, revenues, bank accounts, 51% pledge of shares, Corporate guarantee of Transstroy India Ltd, OJSC Corporation Transstroy etc

Status of the project ➢ Project has been terminated, in Jan, 2014, with mutual consent of NHAI and the Concessionaire without enforcing damages on either side due to non-availability of requisite RoW

➢ Joint recovery suit filed by lenders against borrower / guarantor in DRT, Hyderabad, in June, 2016

Remarks ➢ DRT proceedings are underway ➢ Arbitration in progress and will be ending on 05.05.2018

Reserve price Principal o/s of Rs.20.52cr

M/s: Transstroy Obedullaganj Betul Tollways Pvt Ltd

Project Description Four Laning of Obedullaganj to Betul section of NH-69 from km 2.800 to KM 8.300 and km 20.700 to km 137.000 (approx. length 121.36 km) (excluding wild life sanctuary from km 8.300 to km 20.700) (Except Bypass 28.000 to km 61.500 as Two lane with paved shoulder) in the state of MP to be executed as BOT (Toll) project on DBFOT pattern under NHDP Phase III




1 Equity 292.95

2 Senior Debt 690.00 TOTAL 982.95

Lead Ban.k/FI Lead: Central Bank of India Other consortium Other lenders: IIFCL, Corporation Bank, BOI, Vijaya Bank, lenders Tamilnadu Mercantile Bank Total term loan Rs.690.00cr IIFCL Share Rs.160.00cr IIFCL share (%) 23.18% Date of NPA 31.12.2016 Securities Available ➢ Frist mortgage and charge on all borrowers movable and

immovable properties and assets, intangible assets, revenues, bank accounts, pledge of 51% share, Corporate guarantee of Transstroy India Ltd, Corporation Transstroy OJSC, mortgage of non-agricultural plot etc

Status of the project > NHAI terminated the project, in october, 2016, citing, abandonment of the project highway by the concessionaire, non-achievement of project milestones, non-maintaining the project highway in traffic worthy condition and non-payment of fee to IE

> Joint recovery suit filed by lenders against borrower / guarantors in DRT, Hyderabad, on 16 th October, 2017

> DRT proceedings are underway Remarks > W.r.t arbitration, company informed that they are sending

letter to ICADR for appointment of Presiding Arbitrator. Developments awaited.


0,1 3)

M/s: Transstroy Tirupati Tiruthani Chennai Tollways Private Limited

Project Description Four Laning of Tirupati — Tiruthani — Chennai section of NH-205 from km 274.800 to km 341.60 in the state of Andhra Pradesh and from km 0.00 to km 59.60 in the state of Tamil Nadu, totalling 125 km (approx.) on Design, Build, Finance, Operate and Transfer (DBFOT) Basis (Toll project)




1 Equity 122.10

2 NHAI Grant 51.39 3 Debt from Banks/FI's 405.00


Lead: Allahabad Bank Other lenders: Andhra Bank, IIFCL, Corporation Bank, Bank of Maharashtra & Bank of Baroda


Rs.405.00cr Rs.60.00cr 14.81%


Securities Available > First mortgage on all borrowers movable and immovable properties and assets, intangible assets, including the goodwill, and uncalled capital, Right over the insurance proceeds deposited into escrow account pledge of 51% shares etc.

Status of the project ➢ The project achieved PCOD in February 2015 and commenced tolling from 01.03.2015.

> Tolling not satisfactory. Remarks > Further action (substitution/termination/NCLT) to be initiated in

consultation with lead / consortium. Reserve Price Principal o/s of Rs.59.84 plus applied / unapplied interest till the date

of assignment

(Lo

WEST HARYANA HIGHWAYS PROJECTS PVT. LTD.

Project Description Augmentation of the existing road from Km 29.7 to Km 87 (approx. 63.49 km) on the Bahadurgarh-Rohtak Section of NH-10 in the State of Haryana by Six/Four Laning on BOT basis (toll based) for a period of 25 years from appointed date i.e. 03.05.2008.

Promoter / Sponsor The project sponsors are as under:

Name % Holding

Era Infra Engineering (India) Ltd.(EIEL) 49% Karam Chand Thapar & Bros (Coal Sales) Ltd. (KCT(CS))

51%


The original Project Cost was Rs. 586.05 Cr. which was revised to Rs.1075.96 Cr. with means of finance as under:

Means of Finance Rs. In Cr.

Particulars Original Revised

Promoters' Contribution 146.51 506.87 Term Loan-Senior Debt 410.23 396.90 Sub Debt 29.30 28.35 Additional Term Loan 18.84 Current Liability payable to EPC Contractors/promoters

25.00 1

TOTAL 586.05 1,075.96

Lead Bank/FI


The project is financed by consortium of five banks comprising PNB, IIFCL, Central Bank of India, Dena Bank and State Bank of Patiala with PNB as Lead. IIFCL has sanctioned Rs. 111.99 Cr. towards project as under: Senior Debt —Rs. 101.00 Cr. FITL- Rs. 10.93 Cr.

The Sub Debt of Rs. 28.35 Cr. comprises of 14 lenders with IL&FS Financial Services Ltd. as Lenders Agent.


IIFCL Share

IIFCL share (%)

458.73 cr. Rs.

Rs. 108.11 cr.

23.6 %

Securities Available ■ First pari-passu charge on Hypothecation on Escrow Account and Debt Service Reserve Account, movable and immovable assets excl. project assets, intangible assets, rights, title and interest

■ Pledge of 51% of the paid up share capital of the Company ■ Personal Guarantee of Shri H.S. Bharana


Status of the project • The project suffered on account of delay by NHAI in acquiring land and non-availability of land due to court cases.

■ The project achieved PCOD on 26.11.2015 for 87.77% with punch list items to be completed by February 2016

■ Company has initiated arbitration proceedings against NHAI ■ Company has applied for PCOD for full length of the project

Remarks As the project has achieved PCOD for 87.77%, there is regular cash flow in the account

Reserve price Principal 0/s (incl. FITL) - Rs. 108.11 cr. plus applied/unapplied interest till the date of assignement

iifcl si.no. name of account · 2018-03-07 · 40.500 of nh-33 in state of jharkhand on design,...

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