KNR CONSTRU Share price

Our Company was incorporated on July 11 1995 in the name and style of KNR Constructions Limited under the Companies Act 1956 with the Registrar of Companies Andhra Pradesh and received certificate ofcommencement of business on August 9 1995. The registered office of our Company is situated at 6-3-635Akash Ganga 3rd Floor Khairatabad Hyderabad.Changes in registered office addressAt the time of incorporation our registered office was situated at Plot No. D-26 Madhuranagar Hyderabad. However w.e.f. May 21 1998we shifted our registered office to Plot No. 609 Aditya Enclave Nilgiri BlockAmeerpet Hyderabad and thereafter to our present registered office at 6-3-635 Akash Ganga 3rd FloorKhairatabad Hyderabad w.e.f. August 25 2000.Acquisition of assets and liabilities of partnership business of M/s K Narasimha Reddy & CoOur Company had acquired at their book values the assets andliabilities of partnership business of M/s K Narasimha Reddy & Co. (the firm) for a total consideration of Rs.31.86 million w.e.f. April 1 1997. At the timeof acquisition the firm was engaged in the business of undertaking civil and mechanical contracts work. The firm was constituted in the year 1979 and was e-constituted on several occasions. At the time of acquisition following persons were the partners in the firm:1995 Incorporation of our Company as KNR Constructions Limited on July 11 1995 under the Companies Act 19561997 Acquisition of assets and liabilities of partnership firm M/s K Narasimha Reddy & Co.2000 Formation of joint venture with Patel Engineering Limited2002 Achieved a consolidated turnover of over Rs. 1000 million.2004 Achieved a consolidated turnover of over Rs. 2000 million.Successful completion of project worth Rs. 2550 million namely rehabilitation and upgrading of Surat - Manor section of NH-82005 Diversified into Irrigation and Water Supply projects and secured the first irrigation project worth Rs.1494 million with our joint venture partner Backbone Projects LimitedSecured the first BOT project with our joint venture partner Patel Engineering Limited in the State of Karnataka worth approximately Rs. 4420 million.2006 Diversified into urban water infrastructure management by securing contract from Bangalore Mahanagara Palike worth approximately Rs. 452 million.Achieved a consolidated turnover of over Rs. 3000 million.2007 Secured the second BOT project worth approximately Rs. 5180 million with our jointventure partner Patel Engineering Limited in the State of Andhra Pradesh