ValproAugust 8, 2024

Initiating coverage on Asarfi Hospital Ltd.

We initiate coverage on Asarfi Hospitals Ltd (AHL) with a ‘Buy’ rating and a Target Price (TP) of Rs.155 per share, implying 125% upside potential from current levels over the next 24 months. Established in 2008, AHL is a key multi-specialty tertiary healthcare service provider in the Dhanbad Area, founded and managed by first-generation entrepreneur. AHL is a undiscovered gem in healthcare space. AHL operating with a total bed capacity of 300 beds, comprising 250 beds at its Heart and Neuro Hospital, which is operating at occupancy rate of 65% and 50 beds at its New Cancer Hospital, operating at occupancy rate of 25%.

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ValproFebruary 29, 2024

ValPro is pleased to have advised IndianOil Adani Ventures in this project on its journey of growth as part of Indian Oil and Adani Group’s collaboration.

ValPro is pleased to have advised IndianOil Adani Ventures (formerly known as Indian Oiltanking) in this project on its journey of growth as part of Indian Oil and Adani Group’s collaboration.

Groundbreaking Ceremony for P-25 BOOT Tankages Facilities Project at IOCL Panipat Refinery was held on February 22, 2024

IAVL has made a significant move in their journey, with the groundbreaking ceremony of the P-25 BOOT Tankages Facilities Project at the IOCL Panipat Refinery.

The ceremony was graced with the presence of Capt Anubhav Jain (Managing Director – IAVL), Mr. M L Dharia (ED Panipat Refinery, IOCL), Mr. Ajay Jain (Onshore EPC Head, L & T), and other senior officials from IAVL, IOC and L&T.

The groundbreaking ceremony is the beginning of what promises to be an extraordinary journey. IAVL is committed to delivering this project with the highest standards of safety, efficiency, and excellence. This project marks a significant step towards a brighter future in the oil & gas industry.

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ValproSeptember 21, 2023

NASDAQ listing for Roadzen

We, at ValPro, are delighted to have been part of the fundraising journey of Roadzen which lists on NASDAQ on 22nd September 2023. Our belief in the founder, Rohan Malhotra’s vision and execution in Insurtech continues to remain strong. Congratulations to the Roadzen team!

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ValproMarch 8, 2022

ValPro is pleased to have advised on yet another milestone in APSEZ’s growth journey

 

Adani Ports and Special Economic Zone Ltd (APSEZ) has signed an agreement with Indian Oil Corp Ltd (IOCL) towards augmentation of IOC’s crude oil volumes at Mundra. IOCL shall expand its existing Crude Oil Tank Farm at APSEZ’s Mundra Port, thus enabling it to handle and blend additional 10 mmtpa crude oil at Mundra. This will support IOCL’s expansion of its Panipat Refinery (Haryana). IOCL is raising the capacity at its Panipat Refinery by 66% to 25 MMPTA to meet India’s rapidly growing energy requirements. IOCL, which accounts for nearly half of India’s petroleum products’ market share, has a refining capacity of 80.55 MMTPA and over 15,000 KM of pipeline network.
IOCL is currently operating a crude oil tank farm in an exclusive area in Adani’s Mundra Special Economic Zone, consisting of 12 tanks with a total capacity of 720,000 KL. The addition of 9 new tanks will augment the storage capacity to 1,260,000 KL, thus making Mundra Port by far the largest port based crude oil storage facility for IOCL.

“Mundra Port is a major economic gateway that serves the northern hinterland of India by providing multimodal connectivity. It gives us immense pride to strengthen our partnership further and support IOCL, which plays a vital role in ensuring the energy security of the nation. As IOCL’s trusted long-term partner, APSEZ is well equipped to handle the additional 10 MMTPA crude oil at our existing single buoy mooring (SBM) at Mundra.” said Mr Karan Adani, CEO and Whole Time Director of APSEZ.

ValPro was the exclusive advisor on this transaction between APSEZ and IOCL.

Link: https://lnkd.in/dgHGEh-6

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ValproJanuary 24, 2022

Our director Anshuman Khanna with the TotalEnergies and Adani Group Team for their first biomethane production project in India facilitated by ValPro

Our director Anshuman Khanna with the TotalEnergies and Adani Group Team for their first biomethane production project in India facilitated by ValPro

After Texas, let’s head to India for a new adventure! Our joint venture along with the Adani Group in India, Adani TotalEnergies Gas Limited, has recently signed an agreement in partnership with one of the country’s most important cow sanctuaries: Shri Mataji Goshala. With 55,000 cows housed in this safe haven, this step is a milestone for the development of our first biomethane production project in India!

Moving forward, the biomethane production facility, with a capacity of 81 GWh, will be constructed and operated by ATGL in Barsana, south of Delhi. Thanks to Goshala, we’ll have as much as 44,000 tons of cattle manure in inputs per year, which represents approximately 50% of the facility’s needs. The rest of the inputs will be sourced from neighboring local farmers.

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ValPro CapitalApril 15, 2021

Aarav Unmanned Systems’ Small Drone First To Be Certified By Government

  • DGCA certified AUS’s drone to be compliant with India’s NP-NT protocol
  • Previously, DGCA has certified three drones in the micro category
  • Small drones have wider use-cases and carry a bigger payload than micro drones.

India’s civil aviation authority directorate general of civil aviation (DGCA) has certified a drone in the small drone category developed by Bengaluru-based Aarav Unmanned Systems (AUS).

Aarav’s drone was found to be compliant with the drone guidelines set by the government under the ‘no permission, no take-off’ (NPNT) protocol for commercial drone flights within the country.

AUS is the first drone startup to be granted the certification under the small category as all previous certifications were for drones under the micro category.

The DGCA categorises drones based on weight and payload capabilities. Drones weighing between 2 Kgs and 25 Kgs are considered small drones, while micro drones are ones which weigh between 250 g and 2 Kgs, including the payload.

Small drone capabilities are much higher than the Micro drones as indicated by the increase in their payload size and weight. These often have higher quality sensors on board and larger payloads, which are in line with what businesses and industries working with drones seek, AUS said.

The company works with large mining, infrastructure, power and survey companies, including several state-run agencies and is likely to strike up more deals after the DGCA certification. With the launch of the new drone, the company aims to increase its 250% year-on-year (YoY) growth rate to 400% YoY.

The certification for AUS’ small drones has been one of the concerns over the government Drone Regulation 1.0. Last month, Singh told Inc42, that the government has been urged to include categories such as small drones for certification so that startups and individuals can apply for these permits and serve the larger use-cases that these drones offer.

The Drone Market In India

In 2018, India had legalised flying commercial drones and announced the Drone Regulations 1.0

The regulations had banned the use of drones for the delivery of goods and food. However, the government had hinted at including a clause for ecommerce and food delivery sectors in the draft of  Drone Regulations 2.0

Food delivery giant Zomato has also been testing out the drone-based deliveries in India. In 2018, the company has acquired Lucknow-based drone startup TechEagle Innovations, which is believed could boost drone delivery plans by creating a hub-to-hub delivery network.

Amazon has been preparing to handle drone delivery operation in India since 2017. The company had filed a patent application in India for the technology that lets its drones identify objects and locations mid-air for targetted deliveries.

Link: https://inc42.com/buzz/aarav-unmanned-systems-small-drone-first-to-be-certified-by-government/

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ValPro CapitalApril 13, 2021

Bonhomia raises $500,000 from Valpro Capital, others

Bonhomia has already set up over 60 consumer experience zones across the country and plans to expand the same to more than 150 by the year end, given the strong consumer traction.

Bonhomia looks to use the funds for strengthening its distribution and manufacturing capabilities

Indulge Beverages Pvt. Ltd, which makes single-serve tea and coffee capsules under the brand name Bonhomia, has raised $500,000 in a bridge round of funding from Valpro Capital and existing investors.

It had raised $2 million from a group of angel investors in 2015. The company is currently in talks with potential strategic investors for an investment.

The New Delhi-based company, founded in 2013 by Kunal Bhagat and Tuhin Jain, is looking to use the funds for strengthening its distribution and manufacturing capabilities.

“Bonhomia has carved out a niche brand in the single-serve beverage segment and is poised at the ideal inflection point to capitalize on the aspirational consumption segment of urban India. Both Kunal and Tuhin are driving operations and strategy efficiently to capitalize on the strong foundation built by them,” said Anshuman Khanna, director, Valpro Capital.

Bonhomia has already set up over 60 consumer experience zones across the country and plans to expand the same to more than 150 by the year end, given the strong consumer traction. The company’s capsules and brewing machines are available in retail stores like Croma, Foodhall, Hypercity and Godrej Nature’s Basket.

Link: https://www.livemint.com/Companies/SBMjNKNGV1EFKb7UwrolMK/Bonhomia-raises-500000-from-Valpro-Capital-others.html

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