Patel Engineering Share price

HISTORY AND BACKGROUND OF OUR COMPANY:Our Company was originally incorporated under the Indian Companies Act 1913 as ?Patel Engineering Company Limited - videCertificate of Incorporation No. 7039 of 1949-50 dated April 2 1949 issued by the Registrar of Companies Maharashtra. Subsequently the name of our Company was changed to "Patel Engineering Limited" with effect from December 9 1999 and a fresh Certificate of Incorporation consequent on change of name was issued by the Registrar of Companies Maharashtra at Mumbai.At the time of incorporation the registered office of our Company was at 45/47 Appollo Street Fort Mumbai ? 400 023. Pursuant to a resolution passed in the meeting of our Board on September 12 1950 the Registered Office of our Company was shifted to United India Building 3 Sir Phirozshah Mehta Road Fort Mumbai ? 400 023. Further vide a resolution passed in themeeting of our Board on April 27 1961 the Registered Office of our Company was further shifted to Patel Estate Road Jogeshwari (West) Mumbai ? 400 102.Our AchievementsOur achievements in our operations are summarized as follows:* One of the few Indian companies which has actively participated inthe development of 26 Hydro-power Projects (totaling more than 7000MW) out of 32000 MW of hydro-power projects executed sinceIndependence;* Successfully completed under water tunneling by conventional methodfor Koyna Project;* First construction company in Asia to execute Double Lake Tap worksfor Koyna Project;* Constructed largest under ground Cavern (Surge Chamber) in Asia forSrisailam Project;* Involved in the civil work of over 75 dams across the world;* Involved in over 10 dams under execution currently;* Completed over 160 kms of tunneling;* First Indian Company to execute microtunnelling projects using TunnelBoring machine in India;* One of the few Indian companies with in- house expertise andtechnology to execute Roller Compacted Concrete (RCC) dams andmicrotunnelling projects;* Pioneer in the use of RCC technology for construction of dams inIndia in the Ghatghar project;* Among the first few companies to have secured lift irrigationcontracts when the sector opened up in FY 2005 in the state of AndhraPradesh;* "Best Quality Construction" award for Konkan Railway tunneling in1994; and* Won National Award for maximum utilization of Fly Ash in Hydro Sectorin FY 2006.Our US subsidiaries have won the following awards:* AON Build America Award for the construction of civil works for LochRaven Dam in 2006;* AON Build America Award in Federal & Heavy/renovation category by theAssociated General Contractors of America for the Standley Lake DamImprovement Project in 2005;* National Rehabilitation Project of the Year award by the Associationof State Dam Safety Officials for the Wesley Seale Dam SpillwayRehabilitation in 2001;* Award for Excellence by American Concrete Institute for the WashakieDam Safety Modifications in 2000;* The Charles J. Pankow Award for Excellence by American ConcreteInstitute for the Little Rock Dam in 1995;* Award for Excellence by American Concrete Institute for the QuailCreek Dam in 1991;* Award for Excellence by American Concrete Institute for theStagecoach Dam & Reservoir in 1991;* Construction Industry Award by ENR (Engineering News Record) for the-Stagecoach Dam & Reservoir in 1989; and* Award for Excellence by American Concrete Institute for the MiddleFork Dam in 1984.We have quality accreditations like ISO - 900): 2000 and have wonawards for quality construction work like "Best Quality Construction"for the Konkan Railway tunneling. In 2005 we were awarded the "NationalAward for maximum utilization of Fly Ash" in the hydro-power sector.HISTORY AND MAJOR EVENTSMonth/ Events Year1983 The Company has successfully completed Yamuna HE Project for Construction of 7.5m Dia. 5.6km long HRT 2 Penstock Tunnels Circular Shaft Adit gallery Inter Tunnel etc. Valuing Rs. 280.0 millions. 1984 The Company has successfully completed Construction of Forebay Dam Power House Tail Race Channel Penstock etc for Devighat HE Project Valuing Rs.40.248 millions.February1986 Initial Public Offer of shares March 1986 Listing of shares in The Stock Exchange Bombay. 1986 The Company has successfully completed Construction of Centuar Juhu Beach Hotel 360 deluxe rooms of 10000 sqm & basement 50000 sqm. valuing Rs. 242 millions.August1988 The Company has executed the prestigious order of Chuka HE Project for Constructing 40m high Concrete Dam valuing Rs. 1110.7 millions 1988 The Company has successfully completed Kaling mini HE Project in Bhutan for Construction of Trench Weir Control structure Power Channel Forebay Steel Penstock Power house Tail Race etc valuing Rs. 10 millions.1988 The Company has successfully completed Construction of Gyesta mini HE Project in Bhutan valuing Rs. 22.5 millions.1991 The Company has successfully completed Construction of Power House HRT/TRT and allied works for Nagarjunasagar HE Project. Valuing Rs. 87.1 millions. June 1991 The Company has executed the prestigious order of constructing the General Post Office Building in Doha Qatar for the Govt. of Qatar valuing Rs. 1560.9 millions.October1991 First Rights Issue of Shares September1993 The Company has executed the prestigious order of construction of Conference cum-Secretariat Complex (SAARC) for the Royal Govt. of Bhutan for a value of Rs.184.8 millions. January1994 Outstanding Performance and Super Quality Construction Award for the year 1994 for Construction of Berdewadi Tunnel under Konkan Railway. September1995 The Company has successfully completed Construction of 4km long D-Shaped Single line Tunnel at Berdewadi for Konkan Railway Maharashtra Valuing Rs. 68.1 million's.November1997 The Company has acquired ASI RCC Inc. in the State of Colorado America December1998 The Company has successfully constructed the largest Indoor Stadium for Surat Municipal Corporation in Surat in the State of Gujarat valuing Rs. 120 millions.March 1999 The Company has successfully completed and also established a technological breakthrough by tapping of lake by making an underwater blast accurately and perfectly for generating hydro-power for Govt. of Maharashtra at Koyna Hydro Electric Project for a value of Rs. 2147.9 millions. Project was completed by Oct-1999. June 1999 Successfully Completed Water Conductor System for Tons Hydel Project Value Rs. 453.3 millionsOctober2000 Awarded work for Rehabilitation & Upgrading of Surat-Manor section of NH-8 Surat Manor Tollway Project. Package-II in JV with LG Limited 2001 ASI-RCC being awarded Colorado Grand Conceptor Award by ACEC in 2001 for Toker River Water Supply Project (North East Africa) 74m high & 245m long RCC dam.July 2001 The company for the first time introduced Employees' Share Option Scheme November2001 Awarded work for Construction of First RCC dam in India for Ghatghar Pumped Storage under Irrigation Department Govt. of Maharashtra for a value of Rs.1987 millions.November2001 Awarded work for Koyna HE Project Stage -IV - Extension of HRT for 2500 millionsDecember2001 Issue of bonus shares in the ratio of 1:2February2002 The Company has acquired another Corporate viz. Westcon Microtunnelhng in the State of California USAFebruary2002 Awarded work for Construction of Tuinal HE Power Station Project Mizoram for NEEPCO Shillong valuing Rs 2882.6 millions April2002 The Company has successfully and timely constructed the first largest Fly over in Surat City for Surat Municipal Corporation valuing Rs 180 millions June 2002 Handing over of Tunnel No 4 for Prestigious Project for Udhampur-Katra-Baramulla Rail Link Project Valuing Rs 164 42 millions July 2002 Handing over of Tunnel No 5 for Prestigious Project for Udhampur-Katra-Baramulla Rail Link Project Valuing Rs 121.65 millions September2002 Awarded work for Construction of Parbati HE Project Lot-PB-I for NHPC valuing Rs 2950 millionsOctober2002 Successfully completed construction of River Diversion Tunnel for Parbati Stage - II (Lot-PBI) ahead of scheduleNovember2002 Successfully completed construction of Diversion Tunnel 2 nos length 1040m dia 12m finished for Teesta HE Project Stage-V valuing Rs 490 millions August2003 Completion of Srisailam HE Project of 900 MW valuing Rs 5480 millions September2003 Awarded work for Construction of Sewa HE Project for NHPC valuing Rs 100 millionsOctober2003 Awarded work for Construction of Teesta Low Dam HE Project for NHPC valuing Rs 2387.4 millionsMarch2004 Awarded work for Construction of Serlui HE Project at Mizoram in Consortium for Rs 608 millionsApril2004 Awarded work for Construction of Upgradation of Road in Bagalkot District for Govt. of Karnataka for Rs 676 millionsOctober2004 Awarded work for Construction of Polavaram Right Main canal for Govt of Andhra Pradesh value Rs 2415 millions in Joint Venture October2004 Awarded work for Construction of SRSP flood flow main canal for the Govt of Andhra Pradesh Value Rs 1655 millions In Joint Venture November2004 Issue of bonus shares in the ratio of 1:1December2004 Awarded work for Construction of Kameng HE Project Package I to III for Govt. of Arunachal Pradesh valuing Rs 3916 millions Package I in Joint Venture February2005 Awarded work for Construction of Kalwakurthy Lift Irrigation Project for Govt. of Andhra Pradesh valuing Rs 4952 millionsFebruary2005 Awarded work for Construction of Bhima Lift Irrigation Project for Govt. of Andhra Pradesh Valuing Rs 3834 millionsFebruary2005 Listing of Shares in National Stock Exchange of India LimitedMarch 2005 Awarded work for Construction of Indira Sagar Left Main Canal for Govt. of Andhra Pradesh valuing Rs. 2425 millions in Joint Venture March 2005 Awarded work for Construction of Vamsadhara project Stage II for Govt. of Andhra Pradesh valuing Rs 3535 millions in Joint Venture March 2005 ASI RCC Inc was awarded the 2005 "Aon Build America" award in the Federal and Heavy Renovation Category for $31 millions Standley Lake Dam Project in Westminister The award was presented at the Associated General Contactors 86th Annual Convention at Las VegasMay 2005 Awarded work for Construction of East West Corridor for NHAI at Assam in JV for Rs 2387 millionsJune 2005 Awarded work for Construction of Madhurai-Kanyakuman road contract package 39 and 41 for Rs 5069 420 millions in JVAugust2005 Awarded work for Construction of Jawahar Lift Irrigation project for the Govt. of Andhra Pradesh for Rs 3375 millionsSeptember2005 Awarded work for Construction of Tunnels for North East Frontier Railways for Rs. 1698 millionsSeptember2005 Awarded work for Construction of 4 laning of roadways NH-54 section in Assam for NHAI for Rs 1439 68 millions in JVDecember2005 Awarded work for Construction of Rockfill Dam for Parbati HE Project for NHPC valuing Rs 4391 0 millions in JV with L&TDecember2005 Awarded work for Construction of road work for Pune Municipal Corporation for Rs 477 millionsDecember2005 National Award for Fly Ash Utilization in Hydro-power Construction February2006 ASI-RCC was awarded "Aon Build America Award for the Construction of Civil works for Loch Raven Dam - USA