Joint Venture Proposals

Steel Authority of India (SAIL) intends to divest its non-core business. Visvesvarya Iron & Steel Plant (VISL), a unit of SAIL, and Rourkela Fertilizer Plant (RKFP), a unit of Rourkela Steel Plant (RSP) have been identified as non-core business. SAIL intends to induct a Strategic Alliance Partner (SAP) to hold 74% stake in the proposed Joint Venture Company (JVC) which shall carry on the business relating to VISL and RKFP with SAP having control to manage the affairs of the JVC. SAIL proposes to identify the most appropriate bidder as SAP, for Joint Venture participation in the proposed JVC in each case. The selection of the successful SAP shall be made through international competitive bidding process.

VISL, located at Bhadravati, Karnataka, is approx. 260 kms. North-West of Bangalore on the Bangalore-Hannavar Road and is well-connected by road and rail. It has an installed capacity of 205,000 tpa of hot metal and 77,000 tpa of alloy and special steels, with facilities for manufacture of pig iron, alloy and special steels through rolled and forged routes using BF-BOF-LRF-VD. The facilities include continuous casting, primary and secondary rolling, forging through hydraulic press as well as horizontal long forging machine. VISL has been in operation for over eight decades with adequate infrastructure and has the full potential to generate high returns with minimal incremental investment.

Rourkela Fertilizer Plant is located adjacent to RSP, Rourkela – 414 kms away from Kolkata (formerly Calcutta) – and is a well-developed industrial area in the State of Orissa. It is also well-connected by rail and road. It is presently engaged in production of Calcium ammonium nitrate, ammonium nitrate, nitric acid etc. based on naphtha as feedstock. The installed capacity of RKFP is 360,000 tpa of equivalent CAN. RKFP has been in operation for four decades with adequate infrastructure and has the potential to generate high returns with minimal incremental investment.

Information relating to capacity, products, product-mix, manufacturing facilities, technology, production performance, financial performance, input materials, utilities etc. of VISL and RKFP and a brief outline of the Joint Venture participation process as also information to be provided by the interested parties while submitting EoI is contained in the Preliminary Information Memorandum (PIM), prepared for the purpose of this transaction. The PIM may be accessed at the website www.sail.co.in.

Haryana Telecom Limited

Haryana Telecom Limited, manufacturers of jelly filled telephone cables with existing collaboration with M/s OEKW of Austria, has invited proposals for foreign collaboration (technical and financial) in the following areas:-

Optimum utilisation of existing capacity for manufacture of jelly filled telephone cables.
Diversify into manufacture of Optic Fibre Cables (OFC).

2.        Interested parties may get in touch with the Indian Investment Centre, whose contact details are given below:

        Mr. K.C.P. Nair
        Senior Adviser(Engg.&NRIs)
        Indian Investment Centre
        Jeevan Vihar, Sansad Marg
        New Delhi-110001
        (Tel: 0091-11-3733673, 3733679
        Fax: 0091-11-3732245)

Rashtraudhyog Ltd.

Rashtraudhyog Ltd., manufacturer and exporter of EHV transmission line insulator hardware, conductor accessories and clamps & conductor for substations from 11kv to 500kv, has invited proposals for foreign collaboration partners in the following areas:-

OPGW Fittings and Accessories
Spacer Dampers for Twin and Quad Conductors for 400 KV and 400 KV Transmission Lines
Overhead Transmission Line Insulator Hardware Fittings, Conductor Accessories and Clamps and Connectors for Substations.

2.        Interested parties may get in touch with the Indian Investment Centre, whose contact details are given below:

        Mr. K.C.P. Nair
        Senior Adviser(Engg.&NRIs)
        Indian Investment Centre
        Jeevan Vihar, Sansad Marg
        New Delhi-110001
        (Tel: 0091-11-3733673, 3733679
        Fax: 0091-11-3732245)

Savita Overseas Pvt. Ltd. is setting up a Modern Basmati Rice Plant of 5Mt/hr capacity in Haryana state of India and is looking for a British partner for a Joint Venture with an Equity participation upto 45% of the total Equity of 1.10 Million USD & in return the sale of Basmati Rice produced in our Plant (about 10,000MT annually).

The project has been approved by the Industrial Development Bank of India for giving Term Loan of INR 60 Millions.

Term loan =	INR 60 Millions
Equity =	INR 47.5 Millions
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Total Cost =	INR 107.5 Millions (1.10 Millions USD)
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The main Promoter is Mr. A.P.Mathur, who has long experience in Rice Storage, milling, procurement belt in India & abroad while working as FAO Advisor in The United Nations.

The Board of Directors of Savita Overseas Pvt. Ltd. consists of the following Directors:

a) Mr. A.P.Mathur, Chairman & Managing Director
b) Mr. Abhishek Mathur, Director
c) Mr. Arvind Kumar, Senior Advocate-Supreme Court of India
d) Mr. Kamla Prasad, IAS, Former Chief Secretary-Bihar state of India
e) Mr. R.K.Mathur, IA&AS, Former Additional Secretary-Ministry of Food, Government of India.

The General Manager, State Bank of India, New Delhi has also agreed to sanction Peak Level Credit Limits (Working Capital for buying Basmati paddy) of INR 90 Millions.

The land for the Project has already been aquired at Km 66 from Delhi, on the G.T.Karnal Road in Haryana state.

The plant will have imported machinery from Japan & USA, so that high quality Basmati Rice accepatable in International market is produced in this Mill.

Mr. A.P. Mathur
Chairman & Managing Director
Savita Overseas Pvt. Ltd.
A-1/282, Safdarjung Enclave
New Delhi 110029

M/s V.S.R.S. Chemicals (P) Ltd., Andhra Pradesh intends to set up a Titanium Diaoxide Unite in Chinnaganjam (Andhra Pradesh with the interested NRIs. Interested Non-Resident Indian Nationals/Persons of Indian Origin/Overseas Corporate Bodies may kindly contact the following:-

Shri S. Sardana
Section Officer (NRIs)
Indian Investment Centre
Jeevan Vihar Building
Sansad Marg
New Delhi-110001

M/s Shree Narsingdeojee Charitable Trust, Muzaffarpur (Bihar) has invited proposals from NRIs for setting up of a multi-disciplinary hospital in Patna. The Trust is setting up this hospital with collaboration of Apollo Hospital (Managing Partner). The total project cost is Rs.350 million, out of which 75% i.e. Rs.262.5 million has been assured as finance by the State Bank of India, Main Branch, Patna.. The promoter’s share of investment is Rs. 30 million. The Trust is interested in NRIs for investig the balance of Rs.57.5 million in the project.

Interested Non-Resident Indian Nationals/Persons of Indian Origin/Overseas Corporate Bodies may kindly contact the following:

INDIAN INVESTMENT CENTRE
Jeevan Vihar, Sansad Marg
New Delhi-110 001
Ph: 00-91-11-3733673, 3733679
Fax:00-91-11-3732245, 3732245

M/s Sathya Travels & Tours, No.39, Ist Floor, R.V. Road, opp. Vijaya College Basavanagudi, Bangalore-560004, Karnataka, have shown interest for financial collaboration with a foreign company for investment in tourism sector.

Interested foreign companies are requested to kindly get in touch with Indian Investment Centre for such a collaboration at the following address:

Indian Investment Centre
Jeevan Vihar, Sansad Marg
New Delhi-110001
Ph: 00-91-11-3733673, 3733679
Fax: 00-91-11-3732245, 3732245
E-mail: iic@giasdl01.vsnl.net.in

Project	A 150 Bed Multi-Speciality Hospital with wide-range of diagnostic, therapeutic & Critical Care facilities.
Location	Patna, Bihar
Chief Promoter	Shree Nasingdeojee Charitable Trust
Project Cost	Rs.2,946 lakhs
Financing	Debt : Equity = 0.8 : 1 a. Equity : Rs.1,620 L b. Term Loan : Rs.1,326 L
Yearly Income	Rs.1,194 lakhs @ 100%
Break-Even Point	71%
D.S.C.R.	1.85 (Ave. of 8 years)
Internal Rate of Return (IRR)	16%
Implementation	24 months for the Hospital after getting all approvals
Consultant	Indian Hospitals Corporation Ltd., (Apollo Hospitals Group)