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Pandoga

Pandoga

The project cost for the MIIUS project at Pandoga is estimated at Rs. 121.94 crores as detailed below:

Cost of the Project:
Sr. No. Particulars Total Cost
1. Land Own
2. Building/Civil Works & Equipments 114.48
3. Pre-Operative Expenses 7.46
  Total 121.94
Executive Summary and Important Parameters:

Nature of Products likely to be Manufactured: It is expected that new units in Paper based, Chemical based, Glass & Ceramic based, Mechanical & Allied Products, Service establishment, Engineering, Steel Furniture, Pharma, Steel Wire, Wooden Furniture etc. may come up in the proposed industrial area.
Land: Own (29-72-00 Hectares).
Number and size of units for establishment of a greenfield state of the art industrial area under modified industrial infrastructure upgradation scheme(MIIUS):

Sr. No. Component No. of Plots Saleable Area(Sq. Mtrs.)
1. Industrial Plots    
(a. 10000 sq. mtrs. 05 50000
(b. 5000 sq. mtrs. 14 70000
(c. 2000 sq. mtrs. 16 32000
(d. 1000 sq. mtrs. 26 26000
  Total 61 178000
2. Working Women Hostel   1967.89
3. Common Facility Centre (CFC)   652.74
Total Cost of the Project: 121.94 Crores Rupees

Means of Finance:

Sr. No. Component Income (In Crores)
1. Central Govt. Grant 43.02
2. Share of SIA 37.46
3. Bank Loam/Beneficiary Contribution 41.46
  Total 121.94

Income/Receipts details over the project period (Oct-2017 to Mar-2027):

Sr. No. Component Income (In Crores)
1. Income from Sale of Industrial Plots 108.40
2. Total Receipts from Working Women Hostel (Sale & Rental Income) 12.11
3. Total Receipts from Common Facility Centre (Sale of Shops , SCOs & Rental Income) 6.89
4. Other receipts (Recovery of user charges) 18.56
  Total 145.96

Projected Investment:It is expected that an approxive amount of Rs. 1090.00 Crores will be invested by the prospective entrepreneurs in the proposed industrial area at Pandoga.
Employment Potential: Total 16350 persons direct & indirect (Including service sector from the downstream/upstream).
Availability of resources at proposed site:

  • Land - Already acquired.
  • Roads - Good network of roads and connevtivity available.
  • Power - Power Available (Augmentation of substation proposed).
  • Water - Available through tube wells proposed at the site.

The financial parameters of the project are healthy and the projected DSCR is 1.65:1.
Projected Economics over the Project Period:

Component Value (Rs. in Crores)
Total Income 145.96
Total Expenses 92.69
Profit Before Tax 53.27
Profit After Tax 42.38
Average DSCR 1.65
NDSCR 2.02
Debt Equity Ratio 1.36
Debt Equity Ratio (Inclusive of Central Govt. Grant) 0.52
IRR 8.61%
Sensitivity DSCR (Decrease in Sale rate of Industrial Plots by 10%) 1.56
Interest on Loan 13.00% P.A.
Gestation Period Pre Construction Phase- Upto Dec. 2014 Construction Phase- Jan 2015 to Sept 2017
Repayment of Loan Repayable in 38 quarterly installments (including moratorium period of 2 Qtrs starting from Oct-2017 to Mar-2018). Repayment starting from Qtr Ist of FY 2018-19 and ending on IVth Qtr of FY 2026-27.

As may be observed, the term loan component for the project has been kept at Rs. 41.46 crores which stands sanctioned from Banks. The minimum financial stake/contribution of HPSIDC as the SIA i.e. 25% of the project cost would be of the order of Rs. 37.46 crores which may be raised as a special grant through the State Govt. The Govt. of India Grant for the project shall be to the tune of Rs. 43.02 crores.