Ashoka Buildcon Share price

We began our operations as a civil construction firm Ashoka Constructions in November 5 1983 as a partnership between Ashok M. Katariya Ramanal B. Parakh Sushil R. Parakh Narendra R. Shakadwipi and Vimlabai R. Shakadwipi. We were reorganized as a company called Ashoka Buildcon Private Limited in 1993 and engaged in the business of civil construction. In fiscal 1997 we entered into the business of developing toll roads and toll bridges on a BOT basis.We became a public company on April 22 2002 and changed the name of the Company from Ashoka Buildcon Private Limited to Ashoka Buildcon Limited with effect from April 22 2002 pursuant to a special resolution of the shareholders passed at an EGM on April 4 2002. The fresh certificate of incorporation consequent on change of name was granted by the RoC to the Company on April 22 2002. We build and operate roads and bridges in India on a build operate and transfer ("BOT") basis. We believe we currently operate one of the highest number of toll-based BOT projects in India. In addition to BOT projects we also (i) engineer and design procure the raw materials and equipment for and construct roads bridges commercial buildings industrial buildings and institutional buildings for third parties (ii) manufacture and sell ready-mix concrete ("RMC") and bitumen and (iii) collect tolls on roads and bridges owned and constructed by third parties. Our business is organised into four divisions: - the BOT division; - the engineering procurement and construction ("EPC") division; - the RMC and bitumen division; and- the toll collection contract division.Prior to fiscal 1997 we were engaged solely in the engineering and construction of residential commercial industrial and institutional buildings. In fiscal 1997 having acquired EPC skills we also turned our attention to bidding for contracts for toll roads and toll bridges on a BOT basis. We were awarded our first BOT project the Dhule bypass in Maharashtra in fiscal 1997 and completed the construction of the road in the same fiscal year. In fiscal 2000 we began manufacturing RMC solely for use by our EPC division. In fiscal 2002 we began to manufacture RMC to sell to third parties as well as for use by our EPC division. In fiscal 2005 we began processing bitumen to a higher grade at our facility in Pune for use in road projects. Having developed systems and procedures for collecting tolls on our BOT projects including developing our own proprietary computerised toll revenue auditing system we tendered for and were awarded our first the contract to collect the tolls on a road owned and constructed by a third party. In August 2006 IDFC PE II acquired 1019617 Equity Shares in the Company which made IDFC the single largest shareholder with 18.18% equity stake in the Company. Currently IDFC PE II holds 7137319 Equity Shares aggregating to 15.62% of our paid-up Equity Shares which makes it our single largest shareholder as on the date of this Draft Red Herring Prospectus.Milestones achieved by the Company since its incorporation are listed below:Year Milestones1995-96 The Company completes its first major industrial project for Nilkamal Plastics Limited Sinnar.1997-98 The Company starts work on the Dhule bypass project one of the first BOT projects in Maharashtra. The Company completes this project within a period of nine months. The Company completes the construction of one of the first few flyovers in Pune the Kothrud flyover. The Company is awarded the ISO 9001:2000 certification for quality management systems. The Company establishes the Ashoka Training Institute to promote excellence in civil construction education and research. The Company is awarded the National Award for ?Most Outstanding Bridge-Excellent Aesthetic Matching Environment? for Kothrud flyover Pune and Shivna bridge from Indian Institute of Bridge Engineers. 2000 The Company was awarded its first project aggregating approximately Rs. 1000 million on NH-4.2001 The Company completes construction of East Coast road between Chennai and Pudducherry which was declared to be a model road by Government of India. The Company is awarded the ?NIMA Excellence Award? by the Nashik Industries and Manufacturer?s Association. The Company starts its RMC business.2003-04 The Company completes construction of the Indore-Edalabad road which was one of the longest roads to be constructed on a BOT basis.2006 The Company entered into a shareholders agreement with IDFC Infrastructure Fund 2 for issue of 1019617 equity shares to IDFC Infrastructure Fund 2 at a price of Rs. 980.76 per equity share2007 The Company received the Certificate of Registration regarding compliance with requirements of ISO 9001: 2000 ISO 14001:2004 and OHSAS 18001:1999. The said certificate was granted by International Standards Certifications Pty. Limited. 2008 Ashok M. Katariya received the Life Time Achievement award from the Association of Consulting Civil Engineers. 2009 The Company received the Certificate of Registration regarding compliance with requirements of ISO 9001: 2000 ISO 14001:2004 and OHSAS 18001:2007. The said certificate was granted by International Standards Certifications Pty. Limited.Key Awards and RecognitionsYear Name of Award1997 Awarded the ?CM Shah Concrete Technology Award? by Institution of Engineers India Pune Local Centre1997 Awarded the National Award for ?Most Outstanding Bridge-Excellent Aesthetic Matching Environment for Kothrud flyover Pune and Shivna bridge from Indian Institute of Bridge Engineers1998 The quality management systems of the Company were ISO 9001:2000 certified by International Standards Certifications Pty Limited Awarded the ?Director?s Work of World Class Quality Award? for the project executed for Proctor and Gamble in Goa2001 Awarded the ?National Award -Most Outstanding Bridge? for construction of Bhor bridge. Awarded the NIMA Excellence Award by the Nashik Industries and Manufacturer?s Association.2007 Awarded a certificate of involvement by the United States Environment Programme to Ashoka Group for the contribution by Ashoka Group to the 2007 Billion Tree Campaign. Awarded a certificate of registration ?Environmental Management System 14001:2004; ISO 9001:2004; ISO 18001:2007? from International Standards Certifications Pty. Ltd. for complying with requirements of the International Standard2008 Awarded a certificate of excellence in productivity quality innovation and management by the Institute of Economic Studies New Delhi