Points for importance
Page 3 & 4/24 on commentary page: Water Projects
H.G. Infra is keen to participate in projects like Namami Gange to clean the backend and rejuvenate the Ganga river, position abetments infrastructure development near the river projects related to water desalination, waste water treatment plants and other water supply projects in rural/urban areas like under JJM schemes. Rainwater harvesting storage under Jal Shakti Abhiyan will be our priority card to contribute with a revenue of around INR50 crores for which we have targeted for this financial year.
Furthermore, we are looking forward for partners with strong background with credentials to cover the technical eligibility for strategic partnerships for breakthrough projects in water sector.
Page 5/24, HAM Project and monetization plan
The total equity requirement of 10 HAM projects is about INR1,461 crores out of which we have infused INR694 crores in this financial year and INR545 crores is estimated to be infused in FY '25. Let me give the glimpse of the status of the monetization of 4 HAM projects. First tranche on the 3 projects which we have sold in the last year, 3 SPV is Gurgaon Sohna, Rewari Ateli, and Ateli Narnaul. They have been completed on 21st of March – 21st November 2023, with 100% SPV shares transferred from H.G. Infra to Highway Infrastructure Trust. We have received INR315 crores as of now, and INR60 crores will be released on the receipt of approval from NHAI for GST changed in law claim. It is expected to be received by June 2024.
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