Six mandate types we run
Greenfield industrial setup
A promoter with land, capital intent and a product idea needs the full land-to-launch case: demand, technology, cost, finance and schedule.
Capacity expansion
An operating plant adding lines or capacity needs the expansion justified - market headroom, line economics and capex that a board or lender will sanction.
Acquisition TEV
Buying an operating plant at home or abroad: technical condition, order book quality, and whether the price survives a viability lens.
Lender-mandated TEV and re-appraisal
Banks and institutions require independent TEV before sanction - and re-appraisal when timelines slip and costs overrun.
Detailed Project Reports (DPR)
Infrastructure-grade documentation for ports, shipyards and industrial projects, built through draft-review-final cycles.
JV and partnership feasibility
When two parties commit to one venture, the demand-supply-value chain case has to hold for both.
360-degree scope: Decide - Fund - Build - Sell
Decide
Opportunity assessment, demand validation, business model analysis, risk and SWOT, and a go / no-go recommendation you can defend.
Fund
Project cost build-up - civil, plant and machinery, IDC, working capital margin - means of finance, lender liaison, sanction support and cost-overrun re-appraisal. Fundraising materials through our Pitchbook & Fundraising practice.
Build
Site selection and layout, technology and vendor selection, machinery schedules, utilities and manpower planning, approvals register, EPC coordination and implementation schedule.
Sell
Offtake and distributor scouting, feedstock and supply chain security, pricing, and first-90-days GTM through our GTM Execution-as-a-Service team.
Most firms stop at the report. We stay for the build and the first customer.
The GreyRadius TEV framework - 8 steps
Project rationale and promoter assessment
Market and demand analysis
Primary research, demand-supply gap, target segments, competition.
Business model analysis
Operations, revenue model, product mix.
Technical assessment
Site and land, plant layout, process technology, vendor evaluation with site visits, installed capacity and realistic throughput, utilities, manpower, approvals.
Project cost
Civil works, plant and machinery, miscellaneous fixed assets, preliminary and preoperative expenses, interest during construction, margin money.
Means of finance and bankability
Debt-equity structure, DSCR, covenants.
Financial analysis
Projections, utilisation ramp, sensitivity, break-even.
Risk, mitigation and the go / no-go recommendation
Typical engagement timeline - 6 stages, 8 weeks
Wk 1
Scoping and data room
Mandate definition, information requirements, access to plant and documents.
Wk 2–3
Site visit and technical diligence
Plant inspection, vendor and technology assessment, throughput validation.
Wk 2–4 (parallel)
Primary market research
Demand-supply gap, buyer interviews, competitor and distributor intelligence.
Wk 4–5
Technical and cost assessment
Machinery schedules, project cost build-up, means of finance and bankability.
Wk 5–6
Financial model and sensitivities
Projections, capacity ramp, DSCR, break-even and stress-case scenarios.
Wk 7–8
Draft review and final report
Lender or board review cycle, final issuance and sanction-cycle support.
We work at machinery-schedule level
"A TEV that has never priced an extrusion line or reconciled a site plan with the municipality is a financial model wearing a hard hat."
Machinery schedules
Line-item equipment lists with manufacturer, origin and capacity math - from nameplate rating to realistic monthly throughput.
Site plan discipline
Economic layout and municipality-compliant plan reconciled before capex is committed, not after.
Utilities and approvals
Power, water, effluent and clearance registers with owners and dates inside the implementation schedule.
Representative mandates - anonymised
Plastics & Paper Recycling
Capacity expansion TEV, Gulf
Regulation-driven demand case, line component and capex analysis, sensitivity testing and an expansion recommendation the board sanctioned.
E-Waste Recycling
Acquisition TEV, Gulf
Technical assessment with site visits, process line evaluation, project cost and means of finance prepared to lender review standard.
SAW Pipe Manufacturing
Cross-border acquisition TEV, Middle East
Viability study for an industrial acquirer buying an operating LSAW/HSAW plant - technology condition, market and order-book assessment.
Grain-Based Ethanol Distillery
TEV and cost-overrun re-appraisal, India
A 120 KLD institution-financed project facing schedule slippage: overrun causes quantified, IDC escalation isolated, and a revised funding structure proposed for sanction.
Shipyard Upgradation
DPR, India
Infrastructure-grade detailed project report delivered through structured draft, review and final-issue cycles.
Port Bunkering JV
Entry feasibility, Gulf
Demand-supply gap, fuel grade mix and value chain analysis underpinning a two-party joint venture decision.
Problems that bring clients to us
Optimistic vendor quotes and promoter data gaps
Independent market triangulation of machinery and civil costs, with methodology documented for lenders.
Cost overrun and IDC escalation mid-project
Re-appraisal TEV quantifying overrun causes and a revised means-of-finance case a lender can sanction.
Technology vendor overclaim
Site visits, reference plant checks and throughput validation against nameplate.
Offtake uncertainty
Distributor and offtake scouting with letters of intent before financial close; feedstock agreements assessed for bankability.
Report format rejected by the lender
Structures built to bank and institutional appraisal formats, with sanction-cycle support included.
Approvals drift
Dual site-plan discipline and an approvals register with named owners and dates.
Frequently asked questions
What is a TEV study?
A Technical and Economic Viability study evaluates whether a project or investment is financially and operationally viable. It covers demand validation, cost structure, revenue model, and ROI projections.
What makes a GreyRadius feasibility study different?
80% of the insight comes from primary research - real conversations with buyers, regulators, distributors, and industry experts. The financial model is AI-structured and assumption-validated through primary expert interviews - not built on market report assumptions.
What is a TEV (techno-economic viability) report and who needs one?
A TEV report assesses whether a project is technically sound and financially bankable - demand, technology, costs, unit economics and risk. Lenders and institutional investors in India and the Gulf routinely require TEV studies before sanctioning project finance.
What does a bankable feasibility study include?
Demand validation from primary research, capex and opex modelling, unit economics, sensitivity scenarios, regulatory mapping and an implementation plan with milestones and funding needs - built to lender and board scrutiny, not internal-deck standards.
What is the right launch sequence to minimise execution risk?
Phase it: product readiness, then a contained commercial proving ground, then team build-up gated on evidence. We sequence launches on milestones, not calendar dates, which is why our clients avoid the classic over-commit-then-retrench pattern.
What is the difference between a feasibility study and a TEV report?
A feasibility study answers whether the business case works commercially; a TEV report adds the technical viability and bankability lens lenders require - technology assessment, project costs, sensitivity analysis and repayment capacity. We build both to lender scrutiny standards.
How long does a TEV study take?
Typically 4-8 weeks depending on project complexity and site requirements. Lender-mandated timelines are usually the driver, and we scope to meet sanction schedules.
What is a DPR and how does it differ from a TEV report?
A DPR is the implementation-grade document for infrastructure and regulated projects - engineering, cost, schedule and compliance in full detail. A TEV answers the prior question: whether the project is technically sound and financially bankable at all. Many mandates need the TEV first and the DPR once the decision is made.
Do you support the project after the report - construction, distributors, launch?
Yes. Turnkey setup consulting covers vendor and EPC coordination, approvals and implementation PMO, and our GTM team scouts distributors and runs the first commercial motion - the report is the start of the engagement, not the end.
Which lenders and institutions accept GreyRadius TEV formats?
Our reports are structured to the appraisal formats used by Indian public sector banks and development finance institutions, and Gulf-based project finance lenders. Where an institution has a prescribed format or checklist, we build to that spec directly and include sanction-cycle support as standard.
Can you re-appraise a delayed or cost-overrun project for refinancing?
Yes. A re-appraisal TEV quantifies the overrun causes - IDC escalation, scope changes, execution delays - updates the project cost and revised completion date, and structures the additional-facility case the lender needs to sanction. We have delivered re-appraisals for institution-financed projects where the original COD was missed and a funding-gap solution was required.
Do you handle machinery selection and vendor negotiation?
The TEV and DPR include machinery schedule work - line-item equipment lists with manufacturer, origin, capacity math and cost triangulation. For turnkey setup mandates we go further: technology and vendor shortlisting, reference plant checks, site visits and EPC coordination through to commissioning. Vendor negotiation is available as a discrete engagement or as part of the full-cycle mandate.
Ready to build the bankable case?
Fixed fee. Output-defined scope. Board-ready deliverable.