Industries
Metro systems across six cities, expressways, tunnels, bridges, ports, canals and telecom. 25+ major assignments.
Sector overview
Kakode & Associates acts as Project Monitoring Agency for State Bank of India across ten concurrent Afcons Infrastructure contracts worth ₹14,273 crore: the Nagpur–Mumbai Samruddhi Mahamarg (Package 2), the Mumbai–Pune Expressway missing link, the Pandoh–Takoli tunnel section of NH-21, the 8.8 km Rohtang tunnel, the MG Setu superstructure replacement and a new rail bridge over the Ganga at Mokama, underground sections of the Kolkata and Ahmedabad metros, and the Annaram barrage and Mallanna Sagar reservoir of the Kaleshwaram project.
Valuation work for lenders covers concession assets such as the 117 km Kamptee–Kanhan–Nagpur bypass (₹2,000 crore) and the Ahmedabad–Godhra section of NH-59, and a portfolio of sixteen water-supply, sewerage, road and transmission contracts across Mizoram, Meghalaya, Nagaland, West Bengal, Odisha and Jharkhand valued for State Bank of India. Lenders’ Engineer assignments include the Hero Honda Chowk flyover on NH-8, the Etawah–Mainpuri state highway and the Rapti main canal.
Industry challenges
Annuity, hybrid-annuity and toll structures place traffic and payment risk in different hands. We read the concession agreement first and build the debt-service case on the obligations it actually creates.
Land, forest and utility-shifting delays stall more highway projects than construction does. We track right-of-way handover section by section and report the effect on the critical path each month.
Variation orders, change-of-scope claims and sub-contractor exposure move both cost and cash flow. Our monitoring keeps a running claims register reconciled to certified bills.
Large EPC contractors run dozens of contracts at once. We monitor portfolios of up to ten concurrent projects for a single lender with one reporting format and one point of contact.
Our solutions
One team, one format and one monthly report across a contractor’s full portfolio, with early-warning flags for delay, overrun and diversion.
Learn moreIndependent viability for hybrid-annuity, build-operate-transfer and EPC-backed lending, including traffic, tariff and payment-security review.
Learn moreValuation of toll and annuity concessions, contract receivables and construction plant for security creation, restructuring and resolution.
Learn moreTrack record
| Contract | Segment | State | Contract value |
|---|---|---|---|
| Nagpur–Mumbai Samruddhi Mahamarg, Package 2 (EPC) | Expressway | Maharashtra | ₹2,762 Cr |
| Pandoh bypass to Takoli, NH-21, including tunnels | Highway and tunnels | Himachal Pradesh | ₹2,105 Cr |
| Mallanna Sagar reservoir, Kaleshwaram project | Irrigation | Telangana | ₹1,894 Cr |
| MG Setu superstructure replacement, NH-19, Patna | Bridge | Bihar | ₹1,382 Cr |
| Mumbai–Pune Expressway missing link with viaducts | Expressway | Maharashtra | ₹1,332 Cr |
| New double-track rail bridge over the Ganga near Mokama | Bridge | Bihar | ₹1,292 Cr |
| Annaram barrage, Kaleshwaram project | Irrigation | Telangana | ₹1,210 Cr |
| Howrah Maidan to Central Station underground section | Metro | West Bengal | ₹938 Cr |
| Ahmedabad Metro underground package 1 | Metro | Gujarat | ₹775 Cr |
| 8.8 km highway tunnel across Rohtang Pass | Tunnel | Himachal Pradesh | ₹583 Cr |
In numbers
Original contract value in ₹ crore. Total ₹14,273 crore across ten contracts.
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