HG. Infra Engineering. Share price

Brief history of the CompanyThe Company was incorporated as “H.G. Infra Engineering Private Limited” on January 21 2003 as a private limited company under the Companies Act 1956 at Jodhpur with a certificate of incorporation granted by the RoC. Pursuant to the conversion of the Company to a public limited company the name was changed to “H.G. Infra Engineering Limited” and the RoC issued a fresh certificate of incorporation on June 8 2017.Conversion of a Partnership Firm into the CompanyThe Company was formed pursuant to the conversion of a partnership firm M/s Hodal Singh Giriraj Singh & Co. Jodhpur (the “Partnership Firm”) into the Company a joint stock company under Part IX of the Companies Act 1956 on January 21 2003. The Partnership Firm was constituted pursuant to a partnership deed dated December 10 1980 initially entered into amongst the original partners Mr. Giriraj Singh Mr. Bhagwan Singh Mr. Hodal Singh Mr. Pokhpal Singh Mr. Devendra Singh Mr. Ramswaroop Singh and Mr. Narpat Singh for the purpose of carrying out the business of among others public works department (“PWD”) railways irrigation department or any other government or semi-government departments in respect of roads bridges dams supply of material and technical consultation. Pursuant to the changes in the constitution of the partnership the partnership deed was subsequently amended from time to time.The business of the Partnership Firm was taken over by the Company pursuant to the conversion and Mr. Bhagwan Singh Mr. Hodal Singh Mr. Pokhpal Singh Mr. Girishpal Singh Mr. Vijendra Singh Mr. Harendra Singh and Mr. Rajendra Singh the erstwhile partners of the Partnership Firm were issued and allotted 53831 Equity Shares 452647 Equity Shares 25843 Equity Shares 324255 Equity Shares 408257 Equity Shares 442572 Equity Shares and 31345 Equity Shares respectively. For details see “Capital Structure”Major events and milestones2003- Incorporation of the Company under Part IX of the Companies Act 19562008- Executed the first subcontract work of construction of embankment among other things for an amount of Rs.149.13 million- Commenced construction of a portion of the Yamuna Expressway worth Rs.1160.60 million2010- Commenced the first major project as a subcontractor to carry out work of fthe laning of 49 kilometers on the Jaipur – Tonk Deoli section on National Highway 12 worth Rs. 2574.40 million- Commenced work on a part of the project for development of road of 20 kilometers on the six laning work being carried out on National Highway 8 on the Ajmer bypass section for an amount of Rs. 563.80 million.2011- Commenced work on the project of fthe laning of the Warora Bamni section in Maharashtra for an amount of Rs.2684.58 million2014- Executed construction of the Jaipur - Nagaur road from kilometer 63/500 (Bhatipura) to kilometer 101/700 (Narayanpur Tiraha) for a total cost of Rs.442.70 millionExecuted construction of the Jaipur-Nagaur road from kilometer 18/0 (Kalwar) to kilometer 63/500 (Bhatipura) for a total cost of Rs.561.40 million2015- Awarded construction project of fthe laning highway of National Highway 65 on the Kaithal- Rajasthan border for a cost of Rs.4011.10 million in the state of Haryana awarded by Modern Road Makers Private Limited2016- Executed second renewal coat on the pavement of six lane Jaipur - Kishangarh section of National Highway 8 in the state of Rajasthan from kilometer 273.500 to kilometer 363.885 for a project cost of Rs.1423.10 million2017- Conversion of the Company into a public limited company- Awarded seven construction projects in Maharashtra worth RS.19045.90 million by MoRTH- Awarded two construction projects by NHAI worth Rs.4140.00 million