ATV Projects India is fundamentally a heavy-industrial tailor: it fabricates the giant, one-off steel vessels and structures that power plants, refineries, and railways cannot operate without, all from a single plant in Mathura. The company was born as a public engineering firm and has since shed its defunct plastics plant to become a pure-play fabrication house, now actively working to convert its idle land into a second source of value. Its entire approach rests on a recurring cycle - earn the certifications that unlock the right to bid for complex government and industrial tenders, design the solution in-house, build it on a factory floor that is constantly being upgraded from a 30-to-40-year-old machine base, and then use the credibility from each job to pursue the next. # Business segments A single fabrication engine, supplemented by a land-monetisation effort that turns a closed factory and surplus acres into a separate, non-operating source of cash. ## 1. Custom heavy fabrication: the industrial tailor **The company wins tenders to build massive, made-to-order steel equipment - pressure vessels, heat exchangers, railway bridges - for India’s largest infrastructure and industrial projects, executing everything from its Mathura plant.** - **Certifications are the entry ticket** - the company holds ASME ‘U’, ‘S’ and ‘R’ Stamps for pressure vessels, is enlisted with Engineers India Limited (EIL) and PDIL as an approved manufacturer, and has RDSO approval for railway bridges, which together unlock the right to bid for work from clients like IOCL, GAIL, and the railways. - **Designs before it welds** - an in-house engineering team produces the drawings and design calculations required by tender rules, particularly for the hydrocarbon sector, so the company can offer a complete design-and-build package rather than just low-margin job-work. - **A retrofitted plant chasing global standards** - the Mathura factory runs a mix of newly installed machines (a VTL lathe, a retrofitted CNC boring machine) and is systematically replacing welding, drilling, and cutting equipment that is 30 to 40 years old, because management’s stated goal is to bring the entire plant to par with international competitors. - **Paid per project, not per product** - it bids for discrete contracts to fabricate items like steam distribution ducts, upper housings for power plants, and oil-water separators, with named customers including L&T, Andritz Hydro, FL Smidth, and Thyssen/NRL, meaning revenue arrives in lumpy project milestones rather than a steady stream. - **EPC tie-ups extend its reach** - through partnerships with firms like Avant Garde System & Controls and Korus Engineering Solutions, the company can jointly bid for turnkey boiler and steel-sector projects that bundle its fabrication with a partner’s installation and project-management skills, turning a manufacturing-only shop into a full-project contender. ## 2. Land monetisation: value from idle acres **The company is converting a closed 75-acre plant and surplus land at its Mathura headquarters into cash, either by selling outright or by developing the land and sharing the profits.** - **A closed plant becomes a 75-acre asset** - the Nagothane TPE plant in Maharashtra has been permanently shut, and the Board has approved its sale or joint-venture development, so a non-operating factory is now treated as a real-estate opportunity. - **Mathura land is already under a profit-sharing deal** - the company signed an MoU with Shri Vrinda Infracon Private Limited to develop 3.29 acres of unutilised land at ATV Nagar, Mathura, on a 50:50 split of net sale proceeds after the company first recovers its land cost of roughly ₹48 crores. - **The legal charter was rewritten to permit it** - the company amended its Memorandum of Association to formally add land development, leasing, and joint-venture development as an object, because its original charter was built for manufacturing, not real estate. # Group structure and partners **ATV Projects is a standalone public company with no subsidiaries or joint ventures; its commercial reach comes through project-by-project tie-ups, not equity ownership.** - The company has no subsidiaries, joint ventures, or associate companies, and its shares are listed solely on the BSE. - Its EPC partnerships - with Avant Garde System & Controls for boiler projects and Korus Engineering Solutions for steel-sector bids - are contractual arrangements, not equity stakes, and its land-development MoU with Shri Vrinda Infracon carries no shareholding relationship. - Earlier technology partnerships with M. Dedini (Brazil), Stork Sugar (Netherlands), and SEMT Pielstick (France) have all expired, and the company is actively seeking new tie-ups to replace them.