ENGINEERS INDIA Share price

Our Company was originally incorporated in New Delhi on March 15 1965 under the Companies Act as a private limited company under the name ?Engineers India Private Limited? pursuant to a formation agreement dated November 20 1964 and in accordance with a memorandum of agreement dated June 27 1964 both between the Government of India and BIC. Thereafter the memorandum of agreement the formation agreement and a subsequent technical services agreement entered into by our Company and Bechtel Overseas Corporation BOC were terminated by mutual consent in accordance with an agreement between the Government of India BIC and BOC in May 1967. In accordance with the terms of this agreement our Company also entered into separate agreements for mutual release in June 1967 with BOC and BIC whereby the parties mutually agreed to forever discharge and release the other party and its officers employees from all liabilities obligations and duties under the terminated agreements. Further pursuant to a special resolution passed by the shareholders of our Company at an EGM held on October 30 1996 our Company was converted to a public limited company. Major Events Calendar Year Events 1965 Incorporated pursuant to a formation agreement dated November 20 1964 and in accordance with a memorandum of agreement dated June 27 1964 both between the Government of India and BIC. 1967 Termination of the agreements with BIC and acquisition of the equity shares of our Company held by BIC by the Government of India. Commenced work in the refineries segment. 1969 Commenced work in the petrochemicals segment. 1973 Commenced work in the metallurgy segment and international operations. 1975 Entered into offshore oil production. 1977 Commenced work in the pipelines segment. 1978 Commenced work in the oil and gas processing segment. 1984 Commenced providing project management services.1989 Our Company set up its own research and development centre at Gurgaon. 1994 Our Subsidiary Certification Engineers International Limited was set up. 1996 The Government of India disinvested about 6% of its holding in our Company through a private placement to certain banks mutual funds etc. 1997 Listing on the BSE and NSE. Mini Ratna status accorded to our Company. 1998 Commenced execution of lump sum turn key projects. 2000 Listing on the Delhi Stock Exchange. 2001 Commenced work in the infrastructure sector. 2002 Our Company was awarded the "MOU Award" by the Government of India Ministry of Heavy Industries and Enterprises Department of Public Enterprises (Merit Certificate in the Achievement of MOU Targets for the Year 1999-2000) 2003 Our Company was awarded the "MOU Award" by the Government of India Ministry of Heavy Industries and Enterprises Department of Public Enterprises (Merit Certificate in the Achievement of MOU Targets for the Year 2001 - 2002) 2004 Commenced providing engineering engineering procurement construction management services in relation to sub-surface crude storages. 2006 Delisting of our equity shares from the Delhi Stock Exchange. 2007 Contracts on open book estimate and lump sum turnkey basis. 2008 Strike by Engineers India Officers? Association and others. Our Company filed a civil suit in 2008 in relation to this strike. For details see the section "Outstanding Litigation and Material Developments - Outstanding Litigation/ Proceedings Involving our Company - Cases filed by our Company - Civil Suits no. 3" on page 191. Our Company was awarded a Certificate of Merit as "India?s Most Admired Construction Company" at the 6th Construction World - Annual Awards 2008