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MBL Infrastructures Ltd.

BSE: 533152 Sector: Infrastructure
NSE: MBLINFRA ISIN Code: INE912H01013
BSE 00:00 | 19 Oct 14.35 -0.10
(-0.69%)
OPEN

14.20

HIGH

14.75

LOW

14.00

NSE 00:00 | 19 Oct 14.35 -0.35
(-2.38%)
OPEN

13.50

HIGH

14.80

LOW

13.50

OPEN 14.20
PREVIOUS CLOSE 14.45
VOLUME 7088
52-Week high 31.00
52-Week low 12.70
P/E
Mkt Cap.(Rs cr) 150
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 14.20
CLOSE 14.45
VOLUME 7088
52-Week high 31.00
52-Week low 12.70
P/E
Mkt Cap.(Rs cr) 150
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

MBL Infrastructures Ltd. (MBLINFRA) - Company History

MBL Infrastructures Ltd is engaged in the construction and maintenance of roads and highways, industrial infrastructure projects and other civil engineering projects for various government bodies and other clients. The company is also engaged in steel trading and waste management (ferrous scrap and slag recycling) at major steel plants. They have ready mix concrete and bitumen divisions to ensure adequate and timely supply of high quality of RMC and bitumen mixes. The company focuses on five sectors namely, Highway Construction, Road Maintenance, Industrial Infrastructure Projects, Other Civil Engineering Projects and BOT Projects. They have five business verticals, namely Road Infrastructure, Industrial Infrastructure, Urban Infrastructure, Waste Management and Steel Trading. The company has a pan India presence. They have executed and undertaken a number of projects in the states of West Bengal, Madhya Pradesh, Uttarakhand, Orissa, Maharashtra, Rajasthan, Assam, Uttar Pradesh, Bihar, Delhi, Andhra Pradesh, Chattisgarh, Jharkhand, Haryana and Karnataka. Their clients include NHAI, MPRDC, SAIL, MMRDA, CPWD and State PWDs. MBL Infrastructures Ltd was incorporated on august 25, 1995 with the name Maheshwari Brothers Ltd. The company commenced their business on September 12, 1995. In the year 1996, the company took over Maheshwari Brothers, a partnership firm engaged in the business of trading in steel and waste management at steel plants. In the year 1999, the company was awarded the first batch of contracts for the north-south-east-west corridor projects by the National Highways Authority of India. They entered into the road sector during the year through the rehabilitation of the Sanauli-Gorakhpur road including Nautanwa Bye-Pass, a World Bank aided project of Uttar Pradesh PWD. In the year 2001, they completed the four laning of Agra-Gwalior section of NH-3 from 41 km to 51 km near Dholpur in Rajasthan. In the year 2002, the company completed the rehabilitation and maintenance of the Tumkur-Harihar section of NH-4 for NHAI. Also, the company was awarded the BOT project of Seoni-Balaghat-Rajegaon state highway by the Madhya Pradesh Rajya Setu Nirman Nigam Ltd. For this, the company incorporated AAP Infrastructure Ltd on December 30, 2002 as a special purpose vehicle. In the year 2003, the company completed two projects for NHAI, a maintenance and toll operations project and a maintenance project. In the year 2004, they completed 60 Km to 70 Km of the four lane Agra-Gwalior section of National Highway in Madhya Pradesh. In the year 2005, the company was awarded the contract for the comprehensive maintenance of Ring Road and Outer Ring Road at the National Capital Territory of Delhi. In March 27, 2005, the company entered into a joint venture with Telecommunications Consultants India Ltd for the purpose of widening and strengthening of the existing national highway from a two lane highway to a four lane highway from 183 km to 163.895 km stretch of the Sonarpur to Guwahati section of NH-37 in Assam In March 31, 2006, AAP Infrastructure Ltd became a wholly owned subsidiary of the company. In addition, the name of the Company was changed to MBL Infrastructures Ltd with effect from July 05, 2006. In the year 2007, the company was awarded the Industrial Infrastructure Development Project by Steel Authority of India Ltd and Indian Iron and Steel Company Ltd. In the year 2008, the company completed the development work of their first BOT Project on the 114 km Seoni-Balaghat-Rajegaon state highway under public-private participation arrangement through AAP Infrastructure Ltd. Also, they completed the work of construction of additional length of service road and side drains including 2-lane flyover on Guwahati Bypass section of NH-37 in the state of Assam. In the year 2009, the company was awarded the contract for maintenance of main carriage way, service road, side drain and median maintenance including periodic renewal from 146.000 km to 163.895 km on Guwahati Bypass of NH-37 in Assam.