Under this article, we will discuss the business profile of Inkel Limited, a Govt. of Kerala entity. (i) As on 31.03.2019, the Inkel Limited has following projects under their kitty. Over the next 30 months, these projects are expected to generate a revenue of around Rs.80 Crores, after accounting for the receipts so far.

Project Description Project Cost	(Rs. in crore)
Healthcare Institutions	2587.57
Treasury Infrastructure – 55 locations	150
KINFRA Defence Park, Ottappalam	120
Alappuzha Mobility Hub	493.06
Muzris Heritage Projects – Phase 1 & 2	36.17
Alleppey Heritage – Tourism projects	60.06
CREST Institute, Kozhikode	16
KSIDC Life Science Park, Trivandrum	11.36
Total	3474.22

(ii) In renewable energy business, the year saw the company making a strategic shift from the solar street light business to setting up Solar power generation plants. Though, the solar division reported a decline in revenues, the company has been able to complete some quality projects, aggregating 2 MW of solar power generation capacity. (iii) During the FY18-19, the Company has been appointed by Department of General Education, Govt of Kerala as the PMC for Infrastructure upgradation of 239 schools across the state. The estimated project cost is Rs 699 crores, with a potential fee income of Rs 24 cr. The entire project is planned to be completed within 18-24 months. (iv) The company has bagged an EPC tender from KSEB for setting up 8 MW of ground mounted solar plant at three locations–Brahmapuram, Agali and Nenmara. The total estimated cost is Rs 45 crores, to be commissioned in the Fy19-20. (v) Business Parks -Angamali & Malappuram Built-up space at Angamali Tower II is almost fully leased out. The Company is encouraging small and medium entrepreneurs to lease small parcels of land, which have received good response. During FY18-10, 5.91 acres have been allotted to entrepreneurs at Malappuram who are in the process of setting up new ventures in the allotted land. 99% of the land that are suitable for industrial usage have been leased out to more than 51 units. (vi) Road Project The successful commissioning of 58 km State Highway project for RICK Ltd under Hybrid Annuity (in Kottayam and Thiruvananthapuram districts) have given the company, the confidence to explore opportunities for taking up large projects. During FY18-19, the Company concluded an agreement with M/s KMC Constructions Ltd, Hyderabad for investment in Calicut Expressway Private Ltd (CEPL), a special purpose vehicle established to undertake the six-laning of 28 km Kozhikode bye-pass under NHAI’s Hybrid Annuity Model. As per the agreement, the Company’s 100% subsidiary IIDPL would hold 49% of the shares of CEPL which is developing the project, subject to approval by the National Highway Authority of India (NHAI). The balance shares of this SPV will come under the control of INKEL, after the mandatory lock-in period of 4 years, comprising 2 years for construction and 2 years for operations . The project cost of Rs 1669 crore is to be met through a mix of NHAI Grant, Debt  and Equity. The investment with profits will be returned to the Company in the  form of half yearly annuity for the operations period of 15 years. So, basically Inkel Limited takes Govt. projects, finish them up, and finally gets their commission. The business model which is very similar to NBCC, though it is only doing the real state business, on the other hand, Inkel Limited has a diversified business.