Avtar Singh Construction Company (EVDR) $30-Million Bid: Bihar Irrigation Project
Press Release Source: Evader, Inc. On Tuesday April 5, 2011, 3:45 pm DELHI, INDIA--(Marketwire - 04/05/11) - Evader, Inc. (PINK SHEETS:EVDR - News) (Evader, Inc.) subsidiary Avtar Singh Construction Company (ASCC), one of India's largest builders, has submitted a tender for an irrigation project in the state of Bihar estimated to be worth $30 million.
This is one of the most prestigious projects for Bihar Irrigation Corporation's irrigation department. It comprises building a dam, head works, a main irrigation canal and a complete network of distributary channels with field channels.
The present water shortage to the 32,680 hectares of agricultural land affecting residents of Bihar will be resolved by the completion of this project. Irrigation engineering projects provide the only means of irrigation in several tracts of land (including the bulk of chronically drought-affected areas), and the labour-intensive work provides extensive opportunities for rural employment.
"We are proud to continue our relationship with Bihar Irrigation Corporation," says Evader CEO S. Avtar Singh Walia. "Managing the construction of this important project for the benefit of the people of Bihar would bring a great honour to ASCC and greatly increase our competitiveness in India's construction market."
Evader will update its followers and shareholders on new developments shortly.
Evader, Inc. (EVDR) Completes Merger: Subsidiary ASCC; Corporate Introduction and Update
Press Release Source: Evader, Inc. On Wednesday April 6, 2011, 12:45 pm CHANDIGARH, INDIA--(Marketwire - 04/06/11) - Evader, Inc. (EVDR) (PINK SHEETS:EVDR - News) (http://www.evadercorp.com) Further to the company news of Tuesday February 22, 2011 where amongst other things Evader, Inc. management announced the new subsidiary ASCC. The merger and acquisition is now fully completed and encompasses 100% of ASCC. EVDR management is of the opinion that ASCC is a perfect fit within their growing company.
EVDR recently announced (April 5, 2011) that it has submitted a tender for an irrigation project in the state of Bihar estimated to be worth $30 million. Other past projects of ASCC include building a section of India's "Golden Quadrilateral Highway."
Mr. Walia, Managing Director of ASCC and current President of EVDR stated, "ASCC management saw great potential in the marriage of ASCC and EVDR. The size and revenues ASCC as a company has to offer to EVDR and its shareholders is a game changer for all concerned. We intend to organically and successfully grow our customer base and expand on the growing Indian construction market.
In other company news, EVDR has commenced filing its financials with OTC Markets. To date, Year End Financials 2010 have been posted. Note that these financials only represent activities of EVDR and are not consolidated statements of both EVDR and its subsidiary ASCC business activities. Under the guidelines, the consolidated statements will be filed commencing from the date of the merger. The company is in process of filing last two years quarterly statements and year end statements to aid and comply with OTC Markets rules in an effort to raise EVDR ranking icon from "Stop" to "Yield." Full adequate disclosure documents are currently being drafted, and will be filed with OTC Markets including a legal opinion. The company is advised that the process should be completed within the next 45-60 days and may result in the company obtaining a "Current Information" tier status with OTC Markets.
EVDR is currently in the process of being OTC Verified www.otcverify.com with the full report scheduled to be publicly released by the end of April 2011.
The company intends to release more details will shortly and on a more frequent basis.
ASCC is one of the major developers of India, with strong ties to Provincial and Central Government of India (NHAI- National Highway Authority of India) and World Bank funded projects. The company has achieved solid growth since its incorporation in 1987, and shows annual turnover of about $3.5 million U.S. ASCC is professionally managed and involved in executing large civil engineering projects, with an emphasis on roads, bridges, dams, earthwork and highways, and promoter-colonizer of housing complexes, all demanding a high degree of skill and expertise.
ASCC Construction (EVDR) Aims at Power Project in Punjab
Press Release Source: Evader, Inc. On Monday April 11, 2011, 3:45 pm EDT CHANDIGARH, INDIA--(Marketwire - 04/11/11) - Evader, Inc. (EVDR) (PINK SHEETS:EVDR - News) (www.evadercorp.com) subsidiary ASCC Construction is looking to set up renewable power generation plants in Punjab through a joint venture with the Punjab Renewable Energy Development Agency.
ASCC CEO Avtar Singh Walia said, "We will sign the memorandum of understanding with the Punjab Renewable Energy Development Agency this year. If the approval is accepted for the generation of 154 megawatts of biomass-based power, an investment of Rs 4.2 crore (approximately $1 million U.S.) per megawatt is required for setting up such a project. A consortium was formed to obtain the tender and a special purpose vehicle would be formed to execute and run the project.
"On approval, the company would sign an agreement with the Punjab State Electricity Board for the distribution of power. It would take about 33 to 34 months for the completion of the projects."
The state needs additional power of about 4,000 megawatts in the next three years to keep pace with rapid industrialization and urbanization. The initial viability study of these projects was done by the Punjab Renewable Energy Development Agency. The private player hired its own consultants to work on feasibility reports because location was the most important factor. The inputs (rice husk, wheat straw, sugarcane straw) have to be collected within a radius of 15 to 20 kilometers to make the project viable.
"Although we propose to make all the plants of equal capacity, the proximity and volume of inputs available for specific plants would determine the capacity of the plant," Mr. Walia added.
This is the first project of its kind in the state, according to Punjab Renewable Energy Development Agency officials. It would help raise the incomes of farmers in the state who don't know the techniques to make gainful use of the husk and straw. The independent power producers will be eligible for an exemption from paying an electricity duty and local area development tax.
ASCC Construction (EVDR) Commences Work on World-Class Indian Leisure and Residential Community
Press Release Source: Evader, Inc. On Tuesday April 12, 2011, 3:45 pm DELHI, INDIA--(Marketwire - 04/12/11) - Evader, Inc. (PINK SHEETS:EVDR - News) (www.evadercorp.com) subsidiary ASCC Construction is pleased to announce that it has commenced work on a world-class leisure and residential community called Dee Ess Estate in Chandigarh, India.
The Dee Ess Estate is spread over approximately 25 acres. It's envisioned as a complete, self-contained township spread around an 18-hole championship golf course, a five-star hotel and club. Every home is designed to the most demanding international standards. The community will be a haven of lush green meadows, modern facilities, wide roads, environmentally friendly features, secure living and a suburban lifestyle.
"These are one-of-a-kind duplex houses that are being developed to suit the growing demands of higher income people in and around Chandigarh," says Evader CEO S. Avtar Singh Walia.
ASCC Real Estate's involvement with this exciting project is another important revenue stream for Evader and should help make it a more attractive investment target.
Evader will update its followers and investors on all new developments on a timely basis.
ASCC Construction (EVDR) Commences $8.5 Million USD Highway Project
BANGALORE, INDIA, Apr 15, 2011 (Marketwire via COMTEX) -- Evader, Inc. (PINK SHEETS:EVDR) (www.evadercorp.com) subsidiary ASCC Construction is pleased to announce its fifth highway project, value $8.5 Million USD. ASCC's fifth national highway project, The Haveri-Hubli Project is a part of Golden Quadrilateral National Highways Programme, which includes four Lanes of National Highway No. 4 (Chainage km 340 to 404).
ASCC scope of work includes cutting, construction of embankment, shoulders, median, sub-grade and granular sub-base (GSB), WETMIX, MACADUM (WMM), according to the MOST/MORTH Specifications. This includes widening of the existing 2-lanes to 4-lanes and design, construction, development, operation and maintenance of the existing road.
Commenting on the development, Mr. Walia, CEO of EVDR and Managing Director of ASCC said, "ASCC builds to world-class standards, and this project will ensure smooth flow of traffic and also provide a significant boost to trade and commerce in the region."
ASCC has a balanced portfolio of five operational road projects of across the length and breadth of the country. To execute every project with utmost efficiency and speed ASCC has deployed ultramodern and high performance machinery & equipment. The company has deployed an army of hot mix plants 50,000 unit, Wet Mix Plants150,000, Batching Plants, Heavy Duty Excavators 5 of them, Motor Graders, Paver Finishers, Tandem/ Vibratory rollers, Tippers, Concrete Mixers 7 unit, Cranes, Tankers, Trucks worth over 2.5 million dollars of sophisticated equipment to handle a variety of heavy duty and specialized operations in that region.
Evader will update its followers and investors on all new developments on a timely basis.
ASCC (EVDR) Launches $33 Million Housing Project in New Chandigarh, India
Press Release Source: Evader, Inc. On Friday May 6, 2011, 3:45 pm EDT NEW CHANDIGARH, INDIA--(Marketwire - 05/06/11) - Evader, Inc. (PINK SHEETS:EVDR - News) (www.evadercorp.com) subsidiary ASCC is pleased to announce that it has launched Phase 1, a 480-unit integrated group housing project, in New Chandigarh valued at $33 million U.S.
ASCC is India's leading real estate company and this is the first integrated group housing project developed in New Chandigarh by a national real estate player. It's situated on 11 acres of lush greenery and 75% of the total property area has been reserved as open space for the comfort of residents.
The project offers eight-floor buildings with a total of 480 units located on the periphery of the city. These ultra-modern apartments range in price from 1.7 million to three million rupees (approximately $38,000 to $67,000 U.S.) and are available with two bedrooms, three bedrooms and three bedrooms with attached servant room.
The project comes with 100% power back-up, health club and swimming pool. There's around the clock security and water supply and a provision for gas being piped in.
ASCC CEO Avtar Singh Walia stated: "Having a strong foothold in other north Indian states, it gives us immense pleasure to announce our arrival with the first project in this area. The project will be distinct and modern in design and offerings, and yet will gel with the well-defined architecture and natural beauty that the region is so famous for. Work has successfully begun and is expected to take three years to finish."
In other news and events, ASCC is in the process of completing its audited statements with the aspiration of becoming a reporting issuer.
EVDR will keep investors and followers updated on this New Chandigarh project and other new company developments on a timely basis.
Is anyone trading this. Would like talk about the technicals.
This is a picture of EVDR's chart and it looks as though its sitting on very good support at the moment could be a good risk:reward trade if vol. pics up. Can you add pics straight into the post?
ASCC Construction (EVDR) Expands Business Following Successful Seminar
Press Release Source: Evader, Inc. On Friday May 20, 2011, 3:45 pm EDT NEW DELHI, May 20, 2011 /PRNewswire/ -- Evader, Inc. (Pink Sheets:EVDR.pk - News) subsidiary ASCC, India's leading infrastructure company, recently hosted a seminar in New Delhi.
ASCC management made presentations to about 1,000 various elite clients, staff members and analysts on subjects that included opportunities in infrastructure markets, the ASCC business model, improving profit margins and the company's approach to infrastructure investments.
Opportunities in Infrastructure Markets
ASCC expects global infrastructure markets to grow as aging systems are replaced and the demands of economic growth and demographic trends are met in developing countries. There are more than $270 billion U.S. worth of projects in the pipeline in India's infrastructure sector, according to an Indian key projects database. The country's construction industry is forecasted to show real growth of 9.6% per annum.
ASCC's Business Model
ASCC has established a business delivering a full range of capabilities to owners and operators of transport systems, power and water assets and complex buildings. The company has leadership positions in India and now has access to emerging markets throughout the world. These strengths, combined with the core skills that are common to all of its activities -- including its technical expertise, local knowledge, integration capability and ability to serve complex customers -- positions ASCC to benefit from infrastructure market growth and deliver value to clients.
Improving Profit Margins
ASCC expects to improve the operating margins of its divisions (particularly in its professional services division) in the next five years through better utilization of resources and efficiency savings. ASCC believes that it has the scope to improve the operating margin in the medium-term through a combination of higher margins in divisions and the heightened role of professional and support services in its business mix.
New Approach to Infrastructure Investments
As its investment portfolio matures, ASCC is evolving in the way it deploys capital to investments and it expects to deliver earnings which will enhance the group's profits. The company intends to use these cash proceeds to develop new assets and deliver returns.
ASCC acquired two new clients for future cooperation following the seminar. ASCC anticipates that this is just one of many successful seminars that it will host.