A2Z Maintenance & Engineering Services Ltd is an engineering, procurement and construction company in India. The company is providing services to the power transmission and distribution sector with a focus primarily on the distribution segment. They diversify their business to provide EPC services to power generation companies and companies in other sectors, including road and telecommunications.
In addition, the company is significantly focused on and involved in other businesses that include generating power from renewable energy sources (Renewable Energy Generation), providing municipal solid waste management services (MSW), providing facility management services (FMS) and developing information technology solutions for power utilities (Power IT Solutions).
In EPC, the company executing projects in the power transmission and distribution sector in India for various state power utilities and central public sector utilities such as PGCIL, NTPC and NHPC. In the power generation sector, they are currently executing EPC projects for an aggregate capacity of 60 MW for companies within the Group and intend to grow this business to provide such services to third parties.
In the MSW business, the company provides collection, transportation, processing, disposal and treatment of municipal solid waste. Their services in the FMS business include engineering maintenance (mechanical, plumbing, electrical, HVAC, DG Set), energy saving solutions, janitorial services, parking management, property lease management, telecommunications tower maintenance and security services to public and private sector clients.
The company is diversified into the Power IT Solutions business, where they are executing projects as a systems integrator by developing solutions for aggregate technical and commercial (AT&C) loss reduction in India. They also intend to provide advanced metering solutions to power utilities.
A2Z Maintenance & Engineering Services Ltd was incorporated on January 7, 2002 as a private limited company with the name A2Z Maintenance Services Pvt Ltd. Initially, the company was engaged in the FMS business. Amit Mittal, promoter of the company, acquired the equity shares of the company from their existing shareholders in December 2003 and February 2004.
In May 2, 2005, the name of the company was changed from A2Z Maintenance Services Pvt Ltd to A2Z Maintenance & Engineering Services Pvt Ltd to reflect the enhanced scope of services offered by the company. In the year 2006, the company entered in the EPC business. In December 2007, they acquired Sri Eswara Sai Constructions Pvt Ltd, a company engaged in the installation of transmission lines, which strengthened their presence in the EPC business. In April 2008, Sri Eswara Sai Constructions Pvt Ltd was amalgamated with the company with effect from January 1, 2008.
As per scheme of de-merger, the company transferred their FMS business to their then wholly-owned subsidiary, A2Z Infraservices, with effect from April 15, 2008, to enhance our business focus and streamline operations. In August 2009, the company acquired 100% shares of Imatek, a company that initially held a 5% equity interest in CNCS (an FMS company). In October 2009, Imatek subsequently increased their equity interest in CNCS to 51%. In March 12, 2010, the company became a public limited company and the name was changed to A2Z Maintenance & Engineering Services Ltd.
In May 2010, the company acquired the entire business of Surendar Chowdhury & Brothers, a partnership firm, as a going concern. In June 2010, the company acquired the entire business of Mohd. Rashid Contractors, a partnership firm, as a going concern. Also, they acquired the entire business of En-Tech Engineers and Contractors, a partnership firm, as a going concern. The company was awarded the JCB, CII-APTDC Award for Excellence in Solid Waste Management by the Confederation of Indian Industry.
In August 2010, the company acquired 1% profit sharing ratio in Star Transformers, a partnership firm. In October 2010, they acquired the entire equity share capital of IPMSL, an FMS company, by A2Z Infraservices
The company is constructing three 15 MW renewable energy cogeneration projects in sugar mills located in the State of Punjab on a BOOT basis and a 15 MW biomass-based power plant at Kanpur in the State of Uttar Pradesh where they intend to primarily use, among others, RDF generated from their MSW business as a source of fuel. They expect these four power plants to be commissioned in March 2011.
In addition, the company is also setting up five 15 MW biomass-based power generation projects in the State of Rajasthan that will primarily utilize crop residue as fuel and biomass-based power generation projects in the State of Punjab with an aggregate installed capacity of 100 MW that will utilize the rice husk generated from rice milling operations proposed to be undertaken by them. They expect the projects in the State of Rajasthan to be commissioned in October 2011 and an aggregate installed capacity of 10 MW of the biomass (rice husk)-based power generation projects in the State of Punjab will be commissioned in December 2011.
The company intends to expand their Renewable Energy Generation business by exploring opportunities in other energy sources and entering into fuel linkages with their MSW projects and other third parties. They intend to diversify their EPC business by providing EPC services to other infrastructure sectors such as road, telecommunications and water infrastructure.
The company intends to establish their presence in international markets by leveraging their domestic experience and seeking cost and operational advantages. They are evaluating other projects in their EPC business in Africa and are pre-qualified for MSW projects in Nepal and Maldives.