Starlog Enterprises Share price

ABG Heavy Industries Limited was originally a private limitedcompany incorporated on 15th December 1983 in the State ofMaharashtra in the name of Onaway Carriers Private Limited. Itwas converted into a public limited company on 19th April 1985and the name was subsequently changed to Onaway EngineeringLimited on 22nd June 1967. It was again converted into aprivate limited company on 13th March 1989 and continued till16th September 1994 when the name was changed to ABG HeavyIndustries Private Limited. It was converted into a PublicUmited Company on 19th September 1994.The Company was initially started by the subscribers to theMemorandum Mr. Anil Kothari and Mrs. Vandana Kothari. Thebusiness of the Comparry is promoted by the Agarwal family andthe day-to-day affairs of the Company are being looked after byMr. Saket Agarwal and Mr. Rishi Agarwal.Initially the Company went into business as a Heavy Crane rentalcompany. The subsequent years were marked by rapid growth andconsolidation. Besides possessing the world''s most sophisticatedcranes the company has successfully executed very large scalemechanical projects as well as shutdown and turnaround jobs.The company is the first Indian company to be awarded theprestigious contract by JNPT.MAIN OBJECTS OF THE COMPANYThe main Objects of the company as set forth in the Memorandumand Articles of Association of the company is as under:1. To undertake and carry on the business of carriers shipowners ship brokers ship agents ship underwriters shipmanagers tug- owners shipping agents aeroplane owners andcarriers insurance brokers leading brokers freight brokersfreight and general contractors barge owners forwardingagents dock owners engineers stevedores warehousemenpackers wharfingers salvors ship builders ship repairersmanufacture of and dealers in machinery engines nauticalinstruments and ship rigging gear fittings and equipments ofevery description.2. To do the business of carriers and common carriers by landsea and water and to hire purchase sell mortgage alienateexchange and otherwise acquire ships barges boats and vesselslorries cranes tractors and other earth moving equipments orany share right title or interest ships boats or vesselsearth moving equipment lorries tractors cranes and alliedmachinery goods.PRESENT BUSINESSPresently the Company is engaged in Plant Erection andConstruction Charter Hire of Heavy Duty Equipments and Bulk &Container Handling.In respect of Plant Erection and Construction the Companyoffers a host of services to the Fertiliser PetrochemicalRefineries Steel Power Cement and other industries. Some ofthe prestigious erection jobs in which the Company has beenactively involved include:* The 500 MW Thermal Plant at Trombay for Tata Electric Company.* The first hydrocracker project at Baroda for GujaratRefineries and Indian Oil Corporation.* The fully integrated fertiliser complex at Kota for ChambalFertilisers.