The founder and sponsor of the Group is Mr. Ayodhya Rami Reddy (ARR or the sponsor). ARR is also the Chairman of the Company and has been on the Board since its incorporation. He holds a Bachelor’s degree in civil engineering from Karnataka University and a Masters degree in civil engineering from Osmania University. He has 23 years of experience in the field of environmental services, civil works, bio-medical waste and hazardous waste management. He has worked for various water, waste water and engineering projects, notably with Gannon Dunkerly & Co., Reliance Industries Ltd. during the years 1984 to 1988 and has also worked for various projects on Turnkey EPC basis till 1995. The sponsor has an 84% stake in RIL.

IFC has invested $3 million in the common equity of RIL.

15.0 million (USD)

Product Line	IFC Investment (million USD)
Risk Management
Guarantee
Loan	4.0
Equity	11.0

* These investment figures are indicative

The company is headquartered in Hyderabad. Hence there is no specific project site In light of the diverse and geographically spread EPC business of RIL.

Development impact:

IFC’s involvement in the project is expected to have a development impact in terms of:

- The company’s expansion program will create new employment both directly and indirectly in India and abroad. A significant number of employees are also expected to be added in the supply stream and in ancillary activities. In addition, temporary employment will be provided to local labor in the host country during the construction phase of the new infrastructure.

- Promoting the mobilization of corporate financing to the company, at a time when the Government has announced an aggressive plan to increase the proportion of infrastructure development through public private partnerships (PPPs) like BOT projects.

IFC Role:

The Indian construction industry has just entered a phase of fast paced growth and it is imperative that both existing and emerging players in this sector are able to successfully manage the environmental risk associated with such large scale infrastructure project execution. The company will embed IFC Performance Standards in its EHS management system and hence set benchmarks for other players to follow.

IFC will work with the company in further expanding the geographic scope of operations, particularly south-south investments.

This is a Category B project according to IFC’s Procedure for Environmental and Social Review of Projects because a limited number of specific environmental and social impacts may result which can be avoided or mitigated by adhering to generally recognized performance standards, guidelines or design criteria. The review of this project consisted of appraising technical and environmental/social information submitted by RIL, field visits by IFC staff, and an IFC-sponsored independent technical and environmental performance review of RIL’s existing and proposed operations. The following potential environment, health and safety and social impacts of the projects were analyzed and remain relevant in the context of remaining investment.

- Environmental management systems;
- Siting, environmental assessment, and licensing;
- Emergency preparedness and response;
- Employee health and safety; and
- Community engagement and impacts.
Location of environmental documents In locally affected community