Offices

Ahmedabad office

Regional team serving lenders and projects across the region, backed by the Mumbai headquarters.

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Open in Google Maps: Westgate Business Bay, SG Highway, Makarba, Ahmedabad

This office

Gujarat: power, cement, ports, chemicals and metro

The Ahmedabad office covers Gujarat, Rajasthan and Madhya Pradesh with a regional coordinator and engineers who conduct site inspections for valuation, TEV and monitoring assignments, backed by the Mumbai head office.

Gujarat is one of the firm’s deepest markets in plant and machinery: Essar Power Gujarat at Salaya (1,200 MW), Essar Power Hazira and the Hazira multi-fuel plant, OPG Power and a 300 MW plant in Kutch, the TEV for BHEL’s boiler erection at Sikka, ABG Cement at Kutch and Surat, Sanghi Industries, the Essar bulk terminal at Salaya, the Ahmedabad–Godhra toll road, Gujarat Foils and the Hyatt at Surat.

Track record

Selected Gujarat assignments

ClientPlant or projectServiceValue
Essar Power Gujarat (for State Bank of India)2 × 600 MW thermal plant, SalayaAsset and enterprise valuation₹3,500 Cr / ₹2,500 Cr
Hyatt (for State Bank of India)Five-star hotel, SuratValuation₹1,991 Cr
Essar Power Hazira (for State Bank of India)270 MW multi-fuel plantAsset and enterprise valuation₹1,600 Cr / ₹1,800 Cr
OPG Power (for an SBI-led consortium)2 × 150 MW thermal plantAsset valuation₹1,650 Cr
BHEL project at Sikka (for Bank of Baroda)Erection of 2 × 250 MW boilersTEV study₹3,000 Cr
Ahmedabad Metro, package 1 (Afcons, for State Bank of India)Underground stations and tunnelProject Monitoring₹775 Cr
ABG Cement3.3 million TPA clinker, Kutch; 5.8 million TPA grinding, SuratValuation
Essar Bulk Terminal, Salaya (for a PNB-led consortium)Bulk cargo terminalCost validation

Credentials

Registrations

  • IBBI Registered Valuer — all three asset classes
  • Government Approved Valuer
  • Chartered Engineer certified
  • IVS-compliant reporting

Empanelled with

  • Nationalised, private and co-operative banks
  • NBFCs, ARCs and institutions
  • HUDCO

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