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IL&FS Engineering & Construction Co Ltd.

BSE: 532907 Sector: Infrastructure
NSE: IL&FSENGG ISIN Code: INE369I01014
BSE LIVE 15:40 | 23 Aug 39.90 -0.45
(-1.12%)
OPEN

40.20

HIGH

40.50

LOW

39.50

NSE 15:49 | 23 Aug 40.00 -0.05
(-0.12%)
OPEN

40.25

HIGH

40.80

LOW

39.50

OPEN 40.20
PREVIOUS CLOSE 40.35
VOLUME 11811
52-Week high 66.00
52-Week low 36.80
P/E
Mkt Cap.(Rs cr) 523
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 40.20
CLOSE 40.35
VOLUME 11811
52-Week high 66.00
52-Week low 36.80
P/E
Mkt Cap.(Rs cr) 523
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

IL&FS Engineering & Construction Co Ltd. (IL&FSENGG) - Company History

A leading Hyderabad based construction and infrastructure development Company is known as Maytas Infra Limited (MIL). The Company was incorporated on 6th May 1988 under the name of Satyam Constructions Private Limited. An ISO 9001:2000 (committed to the highest standards of quality) certified company in India with more than two decades of rich and varied experience in execution of landmark projects across the length and breadth of the Country. MIL provides the services in the areas of Development of Infrastructure Projects, Construction of Infrastructure Projects and Project Management. Business segments of the company are classified into Roads / Expressways / Highways, Buildings and Industrial Structures, Irrigation Canals & Dams and Thermal & Hydel Power Projects. MIL became a deemed public company with effect from 1st July of the year 1993 and the word 'private' was deleted from its name. A joint venture was entered with Sri Shankaranarayana Construction Company and Trafalgar House Construction (Tunneling), U.K in the year of 1994, which pre qualified for the work of Muran dam and Tunnel of UIHP, Orissa. The Company obtained a Letter of Intent during the period of 1996 to set up a 330MW power plant at Peddapuram, East Godavari District and a special purpose vehicle, Gautami Power Limited, was incorporated to execute this project. The name of the Company was changed to 'Maytas Infra Limited'. The fresh certificate of incorporation consequent upon the change of name was granted on 1st June 1998. In joint venture with IJM Corporation Bhd., Malaysia in the same year 1998, Mumbai-Pune Expressway (Section A) and the Chennai Bypass (Phase-I) projects were awarded. After a year, in 1999, in joint venture with Sri Shankaranarayana Construction Company, Bangalore, new works of Kalpong HE Project, NHPCL, Andaman and Nicobar Islands, and Larji HE Project, HPSEB, were awarded. Further, the company became a private limited company on 7th May 2002. During the same year of 2002, the company was awarded upgradation of the road project from Kalmala Junction to Sindhnur in a joint venture with Nagarjuna Constructions Company (NCC) and also it was awarded the contract for civil and hydro-mechanical works for Head Race Tunnel and associated works in Himachal Pradesh and entered into a joint venture, 'HIMACHAL JV', with Sri Shankaranarayana Construction Company and NCC. MIL had entered into a joint venture, 'NCC-Maytas (JV)', with NCC in the year 2003. The joint venture was awarded the 'Singapore Class Township' at Pocharam from CESMA, Singapore. The Company was awarded an ISO 9001-2000 Certification by American Quality Assessors with effect from February of the same year 2003. Maytas infra bagged an award, the 'Fastest Growing Construction Company - 1st Rank', for the year 2003 from 'Construction World' magazine. The Company incorporated a Special Purpose Vehicle (SPV), Brindavan Infrastructure Company Limited IN 2004, along with NCC and KMC Constructions Limited. The 'Construction World' magazine honored the company as 'Fastest Growing Construction Company - 3rd Rank' in the year 2006. Again the company became a public limited company and the word 'private' has been deleted from its name. The certificate of incorporation to reflect the new name was issued on 9th February 2007. During the identical year of 2007, MIL had signed a Memorandum of Understanding (MoU) with Dhabi Contracting Est and established a joint venture company, Dhabi Maytas Contracting LLC in United Arab Emirates. In March of the year 2007, Maytas (Singapore) Holding Pte Ltd and AP Prakash Shipping Company Pte Ltd were incorporated as Subsidiaries. In April 2008, Maytas Infra led consortium had signed a Project Development Agreement (PDA) with the Infrastructure Development Department (IDD), Government of Karnataka to develop and operate airports proposed at Gulbarga and Shimoga on a BOT basis. MIL had awarded India's first washery reject coal-based power plant contract of 120-megawatt (MW) capacity in May of the year 2008 on a total Engineering, Procurement and Construction (EPC) basis. In August 2008, the company had joined the World Economic Forum as a Global Growth Company (GGC) member. MIL bagged two orders totaling to Rs.480.67 crores for electrification of Beed & Nanded districts of Lathur Zone, and Ahmednagar district of Nashik Zone from MSEDCL under `Infrastructure Development Plan' in September of the year 2008. With the 'New Initiatives' in place and varied expertise technology taking the lead, Maytas Infra is now on the mission to create world class infrastructure to enhance quality of life.