Investor Presentaiton
BOT Portfolio - Annuity Projects
Particulars
Patel KNR Infrastructures limited (PKIL)^
Stake
KNRC
KNR CONSTRUCTIONS LIMITED
Patel KNR Heavy Infrastructures Limited
(PKHIL)^
Project Details
Financials
Terms
Project Type
State
JV Partner
Client
Length(KM)
Concession Start Date
Concession Period
COD
Project Cost
Equity (31.12.2016)
Debt (31.12.2016)
Securitized
Semi-Annutiy- 36 Instalments
40%
Road-Annuity
Karnataka
PEL
NHAI
60.00
26th March 2007
20 Years
21st December 2009
Rs. 4,420.0 mn
Rs.370.00 mn
Rs.3,055.30 mn
Yes*
Rs. 329.4 mn
40%
Road-Annuity
Telangana
PEIL
NHAI
53.00
2nd March 2008
20 Years
11th June 2010
Rs. 5,920.0 mn
Rs.496.70 mn
Rs.4,541.05 mn
Yes
**
Rs. 443.7 mn
* PKIL securitized its project loan through issuance of non-convertible debentures to LIC of India & raised Rs. 4,090 mn in April 2010. The said
proceeds were used to retire the existing high cost project loan and unsecured loans of promoters and to meet the issue expenses.
**PKHIL securitized its project loan through issuance of non-convertible debentures to L&T Infrastructures Finance Company Limited and raised
Rs 4000 mn in Sept. 2013. The said proceeds were used to retire the existing high cost project loans (Other than the ECB of USD 25 Millions
availed from the Standard Chartered Bank, London) and unsecured loans of promoters and to meet the issue expenses.
^ Company along with PEL signed a share purchase agreement to sell entire equity stake in the two Road BOT assets to an Essel group
company.
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