PNC INFRATECH Share price

The Company was incorporated as ?PNC Construction Company Private Limited? on August 9 1999 under the Companies Act 1956 with the Registrar of Companies Uttar Pradesh at Kanpur. Pursuant to a resolution of the shareholders dated January 15 2001 the Company was converted to a public limited company and accordingly The name was changed to ?PNC Construction Company Limited? and a fresh certificate of incorporation consequent upon change of name on conversion to public limited company was issued by the Registrar ofCompanies Uttar Pradesh at Kanpur on February 12 2001. Pursuant to a resolution of the shareholders dated July 14 2007 the name was changed to ?PNC Infratech Limited? and a fresh certificate of incorporation consequent upon change of name was issued by the Registrar of Companies Uttar Pradesh and Uttaranchal on August 2 2007. The name was changed to reflect the shift in the Company?s focus from basic construction activities to high-tech construction activities such as construction of airport runways bridges and to make the name of the Company commensurate with its main objects. On September 30 2009 the Company Law Board approved change in location of the Registered Office from Uttar Pradesh to Delhi with effect from November1 2009 and a certificate of registration of the order of the Company Law Board was issued by the RoC on November 12 2009. For further information on changes in the Registered Office of the Company see ?? Changes in Registered Office? hereunder.Prior to incorporating the Company Mr. Pradeep Kumar Jain the Chairman and Managing Director and one of the Promoters was engaged in the business of providing integrated construction services for infrastructuresector through PNC Construction Company a sole proprietorship firm located at Agra which had been in existence since 1989. In 2000 and 2001 the Company acquired the business of the sole proprietorship firm fromMr. Pradeep Kumar Jain in consideration for Equity Shares of the Company.Major Events1999- The Company was incorporated as ?PNC Construction Company Private Limited?2001- Received ?Super Special? class certification from Military Engineer Services- Executed the first project with the NHAI being the four-laning road project of the Agra-Gwalior section of National Highway 3 in Uttar Pradesh independently2003- Bonus received from the NHAI for completion of project before the scheduled time of the fourlaning road project of the Agra-Gwalior section of National Highway 3 in Uttar Pradesh independently.2004- Received certification of ISO 9001:20002005- Executed first international airport runway project for the AAI at Kolkata2006- Total revenue crossed Rs. 1500 million2007- Awarded BOT road project by MPRDCL Madhya Pradesh executed through the joint venture JNTRCPL2008- Entered into the business of setting up power transmission lines with the construction project of approximately 350 kilometers of 132/220 kilovolt lines on a turn-key basis excluding supply of towers conductors and earth-wires for the Uttar Pradesh Power Transmission Corporation Limited2009- Total revenue crossed Rs. 5000 million- Awarded bid contract in respect of improvement of Gurgaon-Nuh-Rajasthan Border (State Highway 13) by four laning widening strengthening providing drains widening or bridges and culverts retaining of structures and other miscellaneous work by the Haryana State Roads and Bridges Development Corporation Limited the single largest project awarded to the Company in terms of value amounting to Rs. 3380 million2010- Received certification of ISO 9001:2008- Awarded the first independent road project on a BOT basis in respect of Gwalior-Bhind Madhya Pradesh/Uttar Pradesh Border Road two-laning project through two sections on National Highway 92 which is being undertaken independently by the Company- Awarded road project of two laning with paved shoulders of Kanpur Kabrai section of National Highway 86 in Uttar Pradesh- Awarded project of construction of 132 KV S/C and 220 KV D/C Lines in Uttar Pradesh2011- Received an investment of Rs.1500 million from NYLIM JB through subscription to 5686833 Equity Shares of the Company.- Executed work of four-laning of Jaora-Nayagaon section on State Highway 31 in Madhya Pradesh2012- Awarded project of two laning with paved shoulders of Raebareli to Jaunpur Section of National Highway 231 in Uttar Pradesh under NHDP IV.- Executed work of construction of road-over bridge at kilometer 13 on Ajmer Beawer Road Old National Highway including approaches at railway/kilometer 306/8-9 on Ajmer Saradhana Section Awarded the project of construction of Hamipur Kalpi road (State Highway 91) four-lane under Rajya Yojna Samanya Year 2013-2014 in Uttar Pradesh- Awarded the project of resurfacing of runway at Air Force Station Gorakhpur2013- Awarded and commenced collection of tolls in respect of first project on OMT basis the operation and maintenance of Kanpur-Lucknow section of National Highway 25 Lucknow bypass of National Highway 56A and National Highway 56B and Lucknow-Ayodhya section of N 28 in Uttar Pradeshon OMT basis by the NHAI for a period of nine years from August 2013.2014- Executed work of redevelopment and management of Narela Industrial Estate.- Awarded contract for development of Agra to Firozabad (Village Gurha) (from -2.634 kilometers to 53.500 kilometers) and construction of an access controlled expressway project in Uttar Pradesh on EPC basis