Incorporated in 1998, Likhitha Infrastructure Ltd is an oil and gas pipeline infrastructure service provider in India. The company is engaged in providing oil & gas pipelines, city gas distribution projects, Cross-Country Pipeline Projects, and operations and maintenance services as well. It is the first company that has executed the first Trans-National Cross Country Hydrocarbon Pipeline Project between India and Nepal.
With 20+ years of existence, it has spread its geographical presence across 16+ states and 2 Union Territories in India such as Delhi, West Bengal, Telangana, Gujarat, Andhra Pradesh, Madhya Pradesh, Bihar, Chandigarh, Haryana, Kerala, Orissa, Uttar Pradesh, etc. Company has a strong client base in India including both the private and public players such as ONGC, HCG, IndianOil, GAIL, etc.
Competitive strength:
• Diversified geographical presence in India • Strong client base • Efficient business model • Strong project execution capabilities
Company Promoters:
Mr. Srinivasa Rao Gaddipati and Ms. Likhitha Gaddipati are the promoters of the company.
Company Financials
Particulars
For the year/period ended (₹ in lakhs)
Summary of financial Information (Restated Consolidated)
31-Mar-20
31-Mar-19
31-Mar-18
Total Assets
10,086
8,457
6,723
Total Revenue
16,279
14,055
8,861
Profit After Tax
1,988
1,786
716
Objects of the Issue:
The net proceeds from the IPO will be used against following objectives; • To meet the general working capital requirements of the business. • To meet general corporate purposes. • To meet IPO issue expenditures.
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