Vol. 11 l January 2019

We are excited about our road assets which constitute the largest investment from the two Infrastructure Funds managed by GIP India. While we have acquired these assets from other operators, the team has worked hard to improve the quality of these assets, enhance rev-enue and control operating and maintenance expenses. The quality of roads operated and maintained by HC1 is world class.

It is true that the number of roads in our portfolio is stagnant for about two years but we shall see growth resuming in 2019. The growth prospect for the sector look good as more assets become available through NHAI’s Toll Operate Transfer (TOT) program and existing operators exiting their HAM or other operating assets. At HC1, we also need to build capabilities to participate in last mile construction projects or to bid directly for con-struction assets.  Wishing everyone at HC 1 the very best in 2019.

- Milind Joshi, Partner, GIP India LLP.

Happy New Year 2019 to all my colleagues! In the year 2018, HC1 once again set itself up as an example of good compliance and governance across our assets. We con-tinue to insist on both ‘road’ and ‘work place’ safety as foundational. “Excellence in Safety Award” won by Nir-mal BOT is a celebration of our commitment to safety. Continuous training and engagement is a way to keep all of us involved and our knowledge renewed on an ongo-ing basis.

“Our Road Our Lives” is a shining example of our effort at community devel-opment and road safety awareness across our road – DBCPL. We are continu-ously automating our systems. This year we automated our HR and procure-ment systems. Starting from two years back around the same time, this is the eleventh issue of “Inroads” in your hands. We continue to look forward to receive your contributions and communications. Let us compound our success manifold in the new year.

- Neeraj Sanghi, CEO, HC 1

Happy New Year 2019! You are aware that Global In-frastructure Partners (GIP) has taken over the man-agement of India Infrastructure Funds (IIF). GIP is a leading global independent infrastructure investor that manages over $51 billion for its investors with an-nual revenue of its portfolio companies greater than $46 billion employing over 52,000 people. I would like to take this opportunity to formally welcome you all to the GIP family.2019 will be an exciting year for GIP India as we com-

plete the transition and develop our long term strategy for investing in in-frastructure assets in the country. I congratulate HC1 team for their contribu-tion to date in operating and maintaining a portfolio of high quality road assets. We envision a continued focus on acquiring road projects with an expanded scope in the future to include last-mile construction assets.  

I wish you all the very best and look forward to your continued success in 2019.

- Sharad Malhotra., Managing Partner & Co-Head, GIP India, LLP.

GIP Annual Investors Conference held on 5th December, 2018 at St Regis, Lower Parel, Mumbai.

Narayanan G., Partner, GIP India LLP, presented an overview of road sector and performance of the portfolio during the Investors Conference.

HAPPY NEW YEAR 2019

INROADSNEWSUPDATE 02Steps Highways

Vol.11 .January 2019

HC1 has been stressing on health as a fundamental ingredient of human life. In the year 2018, HC1 produced its own walking program called “Steps Highways” to encourage consistent walking/ running amongst its employees. Program started on 12th October 2018. Initially, nine teams of 4 were formed and teams got a point if they did 20,000 steps in a day. Also, team got an additional bonus point if all members did a minimum of 4000 (later raised to 6000) steps in a day. Individual members could provide bonus points to team by walking a minimum of 10000 steps. Also participation in 10 kM / 21 kM marathon events provided opportunities to earn 3/5 additional points. Overall contribution of individual bonus points was limited to 60 (over the 84 day period) in order to ensure consistency.

After 6 weeks, teams were merged to create bigger team size of 9 members each. Additional bonus points to team were provided if individuals performed better than the first 6 weeks. Team winner was decided based on a complex formula which accounted for consistency. Some of the statistics is staggering:

. Total Steps by HC1: 32.33 million ( ~ 24638 km)

. Total Steps by Top 10 players : 11.65 million ( ~ 8873 km)

. Best team performance steps : 8.58 million ( ~ 6539.km)

. Participation in 10 KM/21 KM : 8 / 1. We will return next year with bigger program. Till then we encourage HC1 to continue walking….

Winners of Steps Highway - 2018

Winning Team – “HAPPY RAHO”

Individual Winner Points Steps

Sushant Ambike 90* 1.07 million

Ranganathan N. 87* 0.99 million

Sudesh Mane 87* 1.17 million

Santosh Hebbale 86 1.15 million

Vidyadhar Dabholkar 84 1.12 million

Octavia Vas (F) 84 1.08 million

HC 1 team participated in BKC – Navy Marathon on 18th November 2018 and in Kharghar – Run for Diversity on 2nd December 2018.

Pratik Shetty participated in Run Dombivli Run 21 KM Marathon on 4th November 2018 and Pinkathon on 16th December 2018.

Winning Team

Amit malpani

Himanshu Shah

Manisha Parghi

Satish Bhanushali

Kiran Babu

Rahul Ghadage

Octavia Vas

Rishi Mishra

Sneha Mirgule

* Each day 10 k steps one point +10KM marathon 3 points

INROADSNEWSUPDATE 03

Ministry of Road Transport and Highways (MoRTH) instituted awards for the best performing road assets and toll plazas across the country with an objective of strengthening and augmenting the road infrastructure in the country. HC1 participated in all three categories pertaining to O&M of roads viz.

. Excellence in Highway Safety – Nirmal BOT

. Excellence in Operation & Maintenance - Godhra Expressways Private limited (GEPL)

. Excellence in Toll Plaza Management – Ulun-derpet Expressways Private limited (UEPL)

Winners were selected based on multiple rounds of rigorous assessment. A detailed evaluation framework was to be filled by concessioner. After assessing the validity and propriety of data submit-ted by applicants, site inspection was undertaken for the shortlisted applicants. An independent Jury then decided on the award.

Nirmal BOT won Gold Award for Highway safety

which acknowledges commendable work done to reduce road accidents. Nirmal BOT has analysed all black spots and specific improvements were done to improve road geometry. This resulted in signifi-cant reduction in accidents (45% over past three years). Also, accident severity index for Nirmal BOT is 3.7% vis-à-vis country’s average of 31.3%.

GEPL received Champion recognition for excel-lence in O&M as it is offering excellent riding qual-ity due to proactive maintenance approach. quality due to proactive maintenance approach.

Vol.11 .January 2019

DBCPL outing at Kolar Dam on 1st – 2nd December 2018.

UEPL outing at Ooty & Masinagudi Forest on 15th – 16th December 2018.

HC 1 team participated in “ SANTA SAYS” by preparing greetings with gratitude to others on 21st December 2018.

STAR PERFORMER

Kunjal Shah, CS – HC 1, contributed in DBCPL capital reduction process, designing new web site design and

leading the due diligence. Shashikant Shendge, Sr. Executive – HC 1, contributed

in realizing money from various banks.

NBL bagged Excellence in Highway Safety Award – 2018 & GEPL received Champions of Excellence Award – 2018 in Operation & Maintenance from MoRTH.

MoRTH Excellence Awards

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INROADSNEWSUPDATE Vol.11 .January 2019

Editor: Vidyadhar Dabholkar & Team (For Private Circulation Only) We welcome your suggestions on hrhighwaycons@gmail.com

CONTINUED TRAINING & ENGAGEMENT ACTIVITIES

POSH training and review by Dr. Deepa Sharma on 5th October, 2018.

HR – Payroll training by M/s Ascent to Site HR team on 20th November, 2018.

Statutory training to Site HR & Accounts by Vidyadhar D. on 20th November, 2018.

Accounting training by Pratik Shetty on 20th November 2018.

Training on CSR by Brahma Tripathi on 28th December 2018.

Interaction with CSR team by Neeraj Sanghi on 27th December 2018.

CSR session by Havovi Wadia from Magic Bus on 27th December 2018.

Interaction with HC 1, site Accounts & HR team with Neeraj Sanghi and Narayanan Subramaniam on 19th & 20th November 2018.

Purchase Module training by Amit Malpani on 20th November, 2018

Time Management Training by Shalini Saha on 19th November, 2018

Neeraj Sanghi, CEO, HC 1 was a speaker of Eighth Annual Conference on Operations, Maintenance & Tolling in the Road Sector on 13th No-vember 2018 at Delhi.

Eighth Annual Conference on “Operations, Maintenance and Tolling in the Road Sector” took place at Delhi on November 13, 2018. Neeraj Sanghi was invited to participate in a panel discussing the operations from the perspective of developers and investors. The co-panelists included Vivek Rastogi, CEO, Oriental Tollways and Vinay Sekar, Sr. VP, Cube Highways. Panel discussed critical issues regarding O&M of highways viz., insourcing vs. outsourcing of toll operations, ETC development in the