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Omaxe Ltd.

BSE: 532880 Sector: Infrastructure
NSE: OMAXE ISIN Code: INE800H01010
BSE LIVE 15:49 | 15 Dec 216.50 12.25
(6.00%)
OPEN

204.40

HIGH

218.80

LOW

203.10

NSE 15:48 | 15 Dec 216.90 12.90
(6.32%)
OPEN

204.00

HIGH

221.00

LOW

202.85

OPEN 204.40
PREVIOUS CLOSE 204.25
VOLUME 187591
52-Week high 218.80
52-Week low 156.40
P/E 79.01
Mkt Cap.(Rs cr) 3,960
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 204.40
CLOSE 204.25
VOLUME 187591
52-Week high 218.80
52-Week low 156.40
P/E 79.01
Mkt Cap.(Rs cr) 3,960
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Omaxe Ltd. (OMAXE) - Company History

Omaxe Limited (Omaxe) began its life as Omaxe Builders Private Limited on 8th March 1989, promoted by Rohtas Goel, the founder, to undertake construction & contracting business, now successfully executed more than 120 prestigious Industrial, Institutional, Commercial, Residential and Hospital construction projects. The Company became the first construction company of northern India to receive an ISO 9001:2000 certification. The name of the company was changed to Omaxe Construction Private Limited in the year 1997. The Company further changed its constitution to a limited company known as Omaxe Construction Ltd in the year1999. During the same year, Omaxe awarded the achiever of the Millennium Award by All India Achievers Conference and Pride of the Country Award by the Society of Industry and Business Achievements. The Company entered the Real Estate Development business in 2001 and in now amongst the large Real Estate Development companies in India. Omaxe was coveted by the way of launch of first integrated township NRI City in Greater Noida in the year 2003. After a year, in 2004, the company had first theme mall in India and the forest luxury apartments. In the year 2006, the company had received an ISO 9001:2000 rating, which was given by Det Norske Veritas in relation to Real Estate Development & Construction of Housing Complexes, Shopping Malls, Utilities and Other Infrastructure Projects. The name of the company had changed to the present one as Omaxe Limited with effect from 6th June 2006. In the identical year of 2006, Omaxe was honored with 5A2 rating by D & B Rating for financial Strength and the composite appraisal of the company. Omaxe had entered into Joint Venture (JV) with Azorim International Holdings Ltd ('Azorim') for the construction and development of residential project 'the Forest' in November of the year 2006. A Consortium Agreement / Memorandum of Agreement was signed by the company with Vishal Retail Ltd in August of the year 2007 for filing tender documents for 'Commercial Development at Chawri Bazar' invited by Delhi Metro Rail Corporation Ltd. In August of the same year 2007, the company bagged 12 years contract from Delhi Metro Rail Corporation Ltd (DMRC) for commercial development of Chawri Bazar Metro Station worth of Rs 18,43,25,280.40 considering 20% increase on compounding basis after competition of every three years. A Memorandum of Understanding (MoU) was signed by the company and State of Rajasthan for facilitating the setting up of 'Multi Product Special Economic Zone' at District Alwar Rajasthan in November of the year 2007. In February 2008, Omaxe had emerged as the highest bidder and won the bid from Naya Raipur Development Authority, Chhattisgarh for Development of Theme Township with 18 Hole Golf Course on over 400 acres at Naya Raipur, Capital City of Chhattisgarh with a project value of Rs 1200 Crores. The Company had promoted a wholly owned subsidiary with the name Rohtas Holdings (Gulf) Ltd at Dubai, U.A.E. in June of the year 2008 by way of acquisition / joint venture through a Special Purpose Vehicle by the name Golden Crescent RED & General Trading Ltd for development of a Residential Project in Dubai with a project value of Rs 1350 Crores. In October of the same year 2008, Omaxe has purchased the entire 10000 equity shares of M/s. Golden Peak Township Pvt. Ltd and thus M/s. Golden Peak Township Pvt. Ltd has become a wholly owned subsidiary of the company.