Wednesday, 17 July 2019
The voice behind Dilbar, Leja Re and the most recent Psycho Saiyaan, Dhvani Bhanushali has become a sensation among youngsters. After receiving an overwhelming response and breaking records, her latest hit single ‘Vaaste’ has entered the top 10 non-English languages most viewed videos released on YouTube.
The song ranks ninth amongst all the other most-watched video on the platform with 426 million + views. With more chartbusters to come, Dhvani Bhanushali is all excited to entertain the audience in the year 2019.
Directed by Vinay Sapru & Radhika Rao, the song is penned down by Arafat Mehmood. The music has been composed by Tanishk Bagchi who previously composed Dhvani’s Leja Re and Dilbar (Satyameva Jayate).
Tamil Nadu – based Annai Infra Developers Ltd. gets SEBI approval to float IPO
Tamil Nadu – based Annai Infra Developers Limited, a major player in Water Management and Irrigation EPC - Engineering, Procurement and Construction segment, has received approval from the Securities and Exchange Board of India (SEBI) to float an initial public offering.
The capital markets regulator issued its final observations on Annai Infra Developers Ltd’s IPO proposal on July 12, 2019, according to information on the SEBI website.
Annai Infra Developers Ltd had filed its draft red herring prospectus for the IPO with SEBI on March 30, 2019 this year.
The total IPO size is about Rs 200-250 crore. The IPO will be an offer for sale by Mr. Subramaniam Ashok Kumar and Mrs. Duraisamy Kalaiselvi who are the promoters of the Company.
Pantomath Capital Advisors (P) Ltd are the book running lead managers and LINKIntime are the registrar to the issue to the issue.
The shares of Annai Infra Developers Ltd. are proposed to be listed on BSE Limited and National Stock Exchange Limited.
About Annai Infra Developers Ltd.
With over a decade’s experience, Annai Infra Developers Limited has emerged as a major player in Water Management and Irrigation EPC - Engineering, Procurement and Construction segment.
Established in 2008 based out of Erode, Tamil Nadu, Annai Infra has been promoted by Mr. Subramaniam Ashok Kumar and Mrs. Duraisamy Kalaiselvi having more than 15 years and 8 years of experience, respectively in the industry.
The Company has more than a decade’s experience in Water EPC projects. The Company undertakes water supply projects & distribution projects such as integrated storm water drains, dams constructions, drainage systems, water storage facilities, pipe network, reservoirs, waste water treatment and underground rain water management system among others. The Company aims to capitalize opportunities from growing water management development activities and smart city initiatives by the Government of India in South India with the aid of the Company’s regional presence and knowledge.
Annai Infra’s projects pertaining to Water EPC includes projects in public sector awarded by governmental and municipal authorities. Annai Infra’s business can be categorized into two segments viz., (a) Water Management Systems; and (b) Irrigation.
a) Water Management Systems- The water management business includes construction and rehabilitation of water management infrastructure projects which include water supply projects and distribution projects such as integrated storm water drains, dams constructions, drainage systems, water storage facilities, pipe network, reservoirs, waste water treatment and underground rain water management system. The nature of such water management infrastructure projects includes various works, such as maintenance, improvement as well as development activities apart from undertaking construction activities. Annai Infra’s standalone and consolidated revenues from operation from this segment formed 83.54 % and 76.48 % for Fiscal 2018 and September 2018.
b) Irrigation- The projects in irrigation include lift irrigation, drip irrigation, grading of fields, construction of canals, tunnels, installation and commissioning of irrigation pipeline in South India. The irrigation team undertakes primarily construction works for tunnels and canals for retail household purposes. Annai Infra’s standalone and consolidated revenues from operation from this segment formed 3.06 % and 5.83 % for Fiscal 2018 and September 2018.
The Company has a track record of executing projects which require technical knowledge, skill-set and expertise in the water management and irrigation sector. It has received certificate of appreciation for before-time completion of the project from Government of Tamil Nadu, Krishna Water Supply Project Division, Lower Pennaiyar Basin Division in year 2016, 2015 and 2014 respectively, for various projects. Annai Infra has been rated as A3+ by “CRISIL Ratings” on September 20, 2018 which is valid till September 10, 2019
Total order book stood at INR 1,116.46 Crores as on January 31, 2019 primarily consisting of Water Management and Irrigation projects.
While Anna Infra executes majority of projects independently, it also forms project specific joint ventures with other companies. It also undertakes construction projects on sub-contract basis from other infrastructure companies. Out of the 79 infrastructure projects executed by the Company in last 5 financial years, 51 infrastructure projects were won and executed independently by it while the remaining 28 projects were sub-contracted by third parties.
Annai Infra intends to tap the growing infrastructure and construction opportunities arising out of increased government expenditure in developing these sectors. The overall government spend in water supply and sewage sector is expected to be at around Rs. 2,600 billion within next 5 years out of which Rs. 105 billion is to be spent in the state of Tamil Nadu according to CRISIL Research Report. Further, government budget on smart cities project is expected at around Rs. 2,000 billion, of which approx. 10.6% is to be spent on water supply and sewage infrastructure (Source: CRISIL Research Report). Overall government spend in irrigation sector is expected to be at around Rs. 5,900 billion within next 5 years out of which Rs. 2,596 billion is to be spent in Southern India, per CRISIL Research Report.
(CRISIL Report/ CRISIL Research Report – Industry report titled ‘Assessment of the Infrastructure sector in India’ dated August 2018 as prepared by CRISIL, including any addendums thereto.)
Business Strategies of the Company includes: a) Actively evaluate and participate in bidding for new projects b) penetrate into newer geographies c) improve operational efficiency d) Continue to select new projects meeting its financial criteria e) Capitalise opportunities from growing water management development activities and smart city initiatives f) Bids contracts in roads and construction segment.
The Company generated 82.3% of its Revenue from Water Management and Irrigation projects for period ended September 30, 2018.
The summarized standalone financial performance of the Company is as under:
(Amount in Rs. Million)
As at September 30, 2018
EBITDA Margin (in %)
PAT Margin (in %)
A scoop of delight this National Ice Cream Day at Anise, Taj Coromandel!
Anise, the all-day diner at Taj Coromandel, brings endless array of unique ice creams for the Sunday Brunch on 21st July 2019. This delicious frozen treat takes a healthy twist as Matcha green tea ice cream made from the green tea powder with low fat soya milk; savor the Blue cheese and white chocolate ice cream &whiskey and dark chocolate ice cream is made with a single malt. Discover the signature sweets curated as flavorful ice creams as Phala pradamam ice cream, godhi bella ice cream & Gud ka sandesh icecream. Relish the tadka of Southern delicacies with elaneer payasam ice cream.
The star of the menu is Boondi ice cream, which is the indian version of butter scotch caramel ice cream with combination of boondi pearls and nuts.
Some sugar free ice creams find their way too in the brunch spread like Jamun ice cream, More melagu yoghurt ice cream & papaya and yuzu lime ice cream.
Revel in these ice-creams as you relish the lavish spread of Sunday Brunch at Anise.
IndiGo further strengthens Mumbai as an international travel hub; announces flights to Singapore and Bangkok
- Effective August 22, 2019, IndiGo to introduce non-stop flights from Mumbai to Singapore and Bangkok
- Bookings open with immediate effect, with fares starting at INR 8499
IndiGo, India’s leading airline, reiterates it commitment towards strengthening its domestic and international air connectivity by introducing 05 new international flights from Mumbai. Effective August 22, 2019, IndiGo will operate non-stop flights from Mumbai to Singapore and Bangkok. Bookings on these routes are open with immediate effect.
Mr. William Boulter, Chief Commercial Officer, IndiGo said, “We are delighted to add these flights to our network, strengthening Mumbai as an international travel hub. Connections between Mumbai and Singapore and Bangkok are highly significant from a trade perspective as it connects key commercial hubs in the region. These flights will further enhance our point-to-point connectivity in South-east Asia thereby promoting trade, tourism and mobility.”
Mr. Boulter further added, “With the addition of these new international flights, we are committed to expanding our network to meet the requirements of both business and leisure travellers. It is our constant endeavour to provide flexibility of choice to our customers as IndiGo continues to offer on-time, affordable, courteous and hassle-free flying experience consistently.”
These new flights are designed to cater to business and leisure travellers who are constantly on the lookout for new and affordable flying options. Customers who would like to plan their travel can book tickets through our official website .
Daily (Except Sunday)