Hyderabad Expressways Limited (HEL)



Hyderabad Expressways Limited is an SPV incorporated for the purpose of Design, Construction, Development, Finance, Operation and Maintenance of Eight Lane access controlled expressway under Phase II A Programme as an extension of Phase I of ORR to Hyderabad City, in the State of Telangana (formerly combined Andhra Pradesh), India, for the package from Bongulur to Tukkuguda from km 108.000 to km 121.000 on Build, Operate and Transfer (BOT) (Annuity) basis. The Concession Agreement was signed with Hyderabad Urban Development Authority (HUDA) and Hyderabad Growth Corridor Limited (HGCL) in August 2007 and Concession was granted for 15 years (2.5 Years Construction Period and 12.5 Years Operations Period). HUDA/HGCL will pay the SPV a Semi-Annual Annuity of Rs. 30.49 Crores during the operations period.

Project Details Location
Project Linking From Bongulur to Tukkuguda in Hyderabad Outer Ring Road casing 108 km to 121 km
Granting Authority Hyderabad Growth Corridor Limited (HGCL)
State Telangana
Project Length(km) 13.0
Concession Period 15 Years
Concession Ends 14h November, 2022
Toll/Annunity Annuity
Semi Annuity Post COD (Rs:Cr) 30.49
Scope Of Work 8 lane access controlled expressway
GHL Stake 50%
CA Signing Date 17 Aug 2007
Appointed Date 15 Nov 2007
PCOD 16 Aug 2010
As per lenders sanction terms
Project Cost (Rs Crores) 431.00
Equity(Rs.Crores) 68.00
Senior Debt (Rs.Crores) 291.00
Grant (Rs.Crores) 72
Annuity per annum (Rs.Crores) 61.00
Current status Operational, generated Annuity Revenue of Rs.61.00 Crores in FY17
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