Oil & Gas ExplorationFrost International participated in the NELP IX auctions that allow new players to participate in the process of exploration of oil and natural gas.
As one of the few private players in oil exploration, Frost International won and was awarded an onshore, 50 square km block for exploration spread across the districts of Mehsana and Patan in the Cambay Basin, Gulf of Khambat in the state of Gujarat. Frost International completed the requisite regulatory formalities and has committed an investment of close to US $9 million towards the exploration of the block. In tandem with technical partners Pan India Consultants, Frost International is presently engaged in collating, processing and interpreting the seismic data for the block, and is hopeful of starting exploratory drilling after the Monsoon season of 2014.
High Securiity Registration PlatesAfter the Supreme Court order of 2011, many states in India have initiated the tendering process to start the installation of high security registration plates (HSRP) for all new and existing vehicles in their jurisdiction, and Frost International is one of the key players facilitating its roll out in the country. HSRP is a solution meant for traffic departments of state governments to better manage, track and administer the vehicle population of their respective states. Through standardization, database management, compliance with existing road laws and providing easy-to-use features used by law enforcement, the solution has direct and far reaching implication for governing all vehicular traffic, ownership and crime, not just for the state but nationally.
Initially entering the business as an investing partner with licence holder Agros Impex, Frost International has made significant investments towards setting up HSRP production units in the states of Delhi and Gujarat, and is in the process of taking over the reins of Agros Impex. Presently, Frost International has secured the tenders for the states of Assam, Punjab and Gujarat and has commenced new vehicle fitments of HSRP at the various Transport Offices of the states at different locations.
For the state of Gujarat, Frost International set up a plant for the manufacture of HSRP. The plant has an adequate production capacity to support the HSRP solution in Central and Southern Indian states, should Frost International bid for and win any tenders for the other states in the country. To facilitate execution of contracts, Frost International & Agros have incorporated three subsidiary companies, viz. AFT HSRP Solutions (P) Ltd., HSRP Solutions Punjab (P) Ltd., and FTA HSRP Solutions (P) Ltd.
Bhavnagar PortFrost International forayed into stevedoring operations at the Bhavnagar Port in Gujarat in the year 2013. As an underdeveloped port, Bhavnagar offers significant opportunities for growth in both stevedoring and other areas of port operations.
Renewable Wind EnergyConscious about reducing its carbon footprint and environmental commitments, Frost International has set up a green energy project in the form of a 4.25 MW wind farm at Tuticorin and Tirunelveli in September 2011.
The Wind Farm is supported by a power purchase agreement signed with the Tamil Nadu Government, and supplies green power to the state electricity grid. Additionally, Frost International is accredited with the UNFCC and is earning carbon credits for this endeavour.
Zaz TanneryZaz Tannery became part of the Frost International family with its acquisition in 2011. A sick unit at the time, Zaz Tannery received significant funding and management support in order to accomplish its purpose. Today, as a subsidiary of Frost International, Zaz Tannery produces leather based safety shoes that are used by people across the country in industrial areas. Additionally, the tannery supplies its products to third party vendors, who in turn supply these steel-toe shoes to the Indian Army, among other customers. Future plans for the tannery include evaluation and foray into international markets where construction laws and regulations mandate the use of products that are the forte of Zaz Tannery.
Coal Mining (Meghalaya)Frost International has leased a one km stretch of land for a period of 30 years at Khasi Hills in the Eastern Indian state of Meghalaya, and has also constructed road connectivity to facilitate the mining and transportation of coal. Owing to the location and distance of the mines, it is not economically viable to transport and consume the high quality coal within the country.
Coal mined from the open pit mines is transported via Frost International's own trucks, for export and onward delivery and consumption by power plants and other users in Bangladesh.