1. Teaser – Project Twister
Buy-out opportunity in a heavy engineering company
Strictly Private & Confidential

2. Company Overview
A leading ISO 9001:2008 certified public limited heavy engineering company (not listed) having more than 2 decades of experience in drawing, fabrication & erection of mechanical and engineering equipments and also undertakes projects on turnkey basis
Kolkata based and established in 1995
100% owned by promoter
Handled EPC projects involving manufacture, supply, inspection, erection & commission of Projects involving civil, structural, mechanical and electrical items
In house facility to cater to engineering, fabrication and machining activities
3 manufacturing units
2 owned units – one each in Chennai and Kolkata and 1 leased unit in Rourkela
Combined production capacity of 3,100 MT per month
Total land area of 38 acres (owned 14 acres + leased 24 acres)
Handling capacity of 100 tonnes single piece
Directors having more than 35 years of experience in the Industry
Lean organization with more than 150 employee
Worked in consortium with leading large foreign multinational companies
Marquee clientele including the Navratanas of India – leading PSUs in power, steel and railway sectors
Caters to core sectors like steel, power, cement, refineries, aluminum, fertilizer, material handling and railways
Accreditation – ranked 2 and awarded as best vendor by leading PSU, certified as Part 1 vendor with Indian railways and also pre-approved vendor with number of leading companies in infrastructure sector
Key projects executed
Manufacturing & supply of boiler structures for power plant
Supply of industrial building structural, technological structural, cable trays, ducts, chimney, chutes, skirts, ESP structural for steel plant
Turnkey contract for installation of coal crusher & conveyor, pig casting machine
Blast furnace slag handling system and bulk material handling system for a steel plant
Manufacturing & supply of various parts of rail engine
Manufacturing & supply of windmill towers
CAGR over 4 years
Revenue – 30%
EBITDA – 51%
PAT – 42%
All figures are audited and are in INR million
EBITDA is calculated excluding other income
Project Twister

3. Investment Highlights
Healthy confirmed (unexecuted) order book to the tune of
~ INR 2,500 million with high margin contracts and currently L1 for orders worth INR 400 million
Order book
Long standing relationship
Experienced operation team
Key Clients – SAIL, BHEL, NALCO, BALCO, Vedanta Group, Jindal Group, POSCO, L&T
Experienced and motivated second line of management
High entry barrier
Manufacturing capacity and capability
Company undertakes critical structural mechanical work – only 7/8 companies in India have the capability
Capacity – 3,100 MT per month with capability to handle 100 tonne single piece
Long track record
Consortium relationship
Over 2 decades of presence, meeting key tender criteria's
Experienced to work in consortium environment – partner with leading international companies
Players across infrastructure and utilities sector, select project Twister to undertake a key / critical and challenging new work
The promoters are desirous to disinvest their stake to a strategic player who could take advantage of the platform to achieve next level of growth and are not averse to sale of significant majority stake
Project Twister