Projects Undertaken by Us

Baddi Industrial Area

The Corporation had developed an industrial area under Self-Financing Scheme at Baddi in 1987 covering an area of approx. 160 acres. The Corporation has been allotting plots to entrepreneurs since 1987 on the prevailing rates which were revised from time to time. However, since 1998, available plots are generally allotted through open auctions.

Nalagarh City Centre

Approx. 70,000 sq.mtrs. of land is available with the Corporation at Nalagarh. This area is located in the lower belt on the Nalagarh – Ramshahar road (near Nalagarh town) and is proposed to be developed into a Commercial Centre. Accordingly, it is planned to develop this area into a City Centre with facilities like parking, power, water & sewerage , common toilets etc. Booths-sites, Shop-sites & Malls. Provision has also been kept for a multiplex. The Architectural planning of the area stands approved from BBNDA, Baddi. The project envisages 25 booth sites, 41 shop-sites, 15 showroom sites and one multiplex site. The work for leveling of the site and construction of retaining walls etc. has been completed.

Industrial Estate Davni (Near Baddi)

Location of the Project

The Corporation is presently developing another Industrial Estate at Davni (near Baddi) – with an area of approx. 601.14 bighas with capital outlay of Rs.61.50 crores. The proposed Industrial Area shall be located at Village DAVNI on Baddi- Thana – Davni – Manpura road. Both Baddi and Manpura are located on NH-21A and are 8 Kms. apart. The distance of Davni from Baddi is 10 Kms. and from Manpura it is 3 Kms. Davni – Nalagarh distance is 11 Kms. The distance from Chandigarh is 40 Kms. and that of Kalka rail head is 20 Kms.

Project Outline

This Industrial Area comprises of 426.12 bighas of land acquired and the developmental work is nearing completion. The compensation paid to private land owners has been negotiated at a rate of Rs.6.50 lacs per bigha. This rate stands approved from the Government of Himachal Pradesh.

In addition to this, 175.02 bighas of Govt. land is being transferred from Government of Himachal Pradesh as this land is crisscrossing the proposed private land at various places. The govt. land may be transferred to HP SIDC at mutually agreed rates for which the Corporation has sent the request to Directorate of Industries. Thus, the total land area would be 601.14 bighas. The area of land in sq.mtrs. comes to approx. 4,60,000. The area under industrial plots would approximately be 2,50,000 sq.mtrs. The area under commercial use would be approximately 21,000 sq.mtrs. An area of 36,000 sq.mtrs. has been kept for low-cost housing projects. The rest of the area is under open spaces and roads..

Auction Details of the Project

The balance 25 plots shall be put to auction in future. Plots are available for Auction at Industrial Area Davni. The details are as given below:

PLOT Nos. 4,6,88,89,90,91,106,111,112-A,114-B & 114-E 8,10,11,12-A,23 & 24 1,2 45 46 48 49 76 86
Tentative Area (Sq. Mtrs.) 500 Each (11 Plots) 1000 Each (6 Plots) 1800 Each (2 Plots) 2220 2170 1815 1735 1700 5462

Proposed State of Art Industrial Area Pandoga (Distt. Una) & Kandrori (Distt. Kangra) under MIIUS

The HPSIDC has been nominated by the State Govt. as the State Implementing Agency (SIA) for development of an Industrial Estate at Pandoga (Distt. Una) & Kandrori Distt. Kangra – under the Modified Industrial Infrastructure Up-gradation Scheme (MIIUS) of the Govt. of India. The final approval for the venture stands accorded by the Ministry of Commerce & Industry Govt. of India and work on the projects has since been commenced.

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.

Kandrori

The project cost for the MIIUS project at Kandrori is estimated at Rs. 139.60 crores as detailed below:

Cost of the Project:

Sr. No. Particulars Total Cost
1. Land Own
2. Building/Civil Works & Equipments 132.20
3. Pre-Operative Expenses 7.40
  Total 139.60

Executive Summary and Important Parameters:

Land: Own (72-82-74 Hectares).

Total Cost of the Project: 139.60 Crores Rupees

Means of Finance:

Sr. No. Component Income (In Crores)
1. Central Govt. Grant 44.46
2. Share of SIA 40.44
3. Bank Loam/Beneficiary Contribution 54.70
  Total 139.60

Scheme of formation of a new State of 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. 10 100000
(b. 5000 sq. mtrs. 31 155000
(c. 2000 sq. mtrs. 46 92000
(d. 1000 sq. mtrs. 33 33000
  Total 120 380000
2. Working Women Hostel   1967.89
3. Common Facility Centre (CFC)   652.74
4. School Site   5000

Year wise percentage sale plan:

Financial Year Industrial Plots Working Women Hostel Common Facility Centre (Sale of Shops and SCOs) School Site
2016-17 15% - 30% 100%
2017-18 25% - 20% -
2018-19 30% - 20% -
2019-20 15% - 20% -
2020-21 15% - 10% -
2021-22 - 10% - -
2022-23 - 15% - -
2023-24 - 20% - -
2024-25 - 20% - -
2025-26 - 35% - -

Income/Receipts details over the project period (Oct-2016 to Mar-2026):

Sr. No. Component Income (In Crores)
1. Income from Sale of Industrial Plots 161.12
2. Total Receipts from Working Women Hostel (Sale & Rental Income) 9.65
3. Total Receipts from Common Facility Centre (Sale of Shops , SCOs & Rental Income) 8.26
4. School Site 1.75
4. Other receipts (Recovery of user charges) 23.93
  Total 145.96

The financial parameters of the project are healthy and the projected DSCR is 1.75:1.

Projected Economics over the Project Period:

Component Value (Rs. in Crores)
Total Income 204.74
Total Expenses 106.24
Profit Before Tax 98.50
Profit After Tax 76.82
Average DSCR 1.75
NDSCR 2.13
Debt Equity Ratio 1.57
Debt Equity Ratio (Inclusive of Central Govt. Grant) 0.64
IRR 10.20%
Interest on Loan 13.00% P.A.
Gestation Period Pre Construction Phase- Upto Nov. 2014 Construction Phase- Dec. 2014 to Sept 2016
Repayment of Bank Loan Repayable in 38 quarterly installments (including moratorium period of 2 Qtrs starting from Oct-2016 to Mar-2017). Repayment starting from Qtr Ist of FY 2017-18 and ending on IVth Qtr of FY 2025-26.

As may be observed, the term loan component for the project has been kept at Rs. 54.70 crores which stands sanctioned from the 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. 40.44 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. 44.46 crores.