Unitech

YEAR                       EVENTS
 1971 - The Company was incorporated on 9th February as United
 Technical
        Consultants Pvt. Ltd., and was converted into a public
 limited
        company on 3rd October.  The company carries on construction
 of
        industrial projects on a turnkey basis and execution of
 housing
        projects and export orders.
 
 1985 - The name was changed to Unitech Ltd., on 17th October.  The 
        company was promoted by a group of technocrats, proficient in
 the
        field of soil and foundation engineering and managed by 
        professionals.  The Company undertakes projects both in India
 and
        abroad.
 
      - Out of the shares issued till date, 1,00,000 shares were
 issued
        as bonus shares in prop. 1:1 on 28th December, 1981.
 
 1986 - Additional contracts for water supply and sewage works at Hun
 and
        a mosque at Sokna were also awarded to the Company.
 
      - The Company received maintenance work for six school buildings
 
        near Tripoli.
      
      - The Company also signed a protocal with Libyan Authorities
 for
        the construction of 270 houses at Wadan.  Further,
 negotiations 
        were at an advanced stage for a contract, for the
 construction
        of two hot water reservoirs in a desert area, and high
 tension
        line for 70 tubewells with foreign collaborations.
      
      - The Company launched a real estate mini-city - the South City
 and
        a similar one at Rae-Bareilley, South of Lucknow, covering an
        area of 255 acres of land.
    
      - The Company also signed agreements for the construction of
        multistoreyed buildings in Connaught Place, New Delhi, 125
        luxurious cottages and shopping complex in Panchgani,
        residential-cum commercial complex at Airoli, New Mumbai, a
        multi-storeyed residential apartment at Shimla and a
        multi-storeyed commercial complex covering an area of
 2,40,000
        sq.ft. at Indore.
 
      - In February, the Company issued 14,10,000 No. of equity shares
 of
        Rs.10 each at a premium of Rs.6 per share linked to
 2,11,500-15%
        secured redeemable non-convertible debentures of Rs.100 each
 of
        which the following were reserved for allotment on a
 preferential
        basis:
 
      - (i) 70,500 No. of equity shares linked to 10,575 debentures
 to
        employees (including Indian working directors)/workers of the
        Company and associate companies and
 
      - (ii) 28,200 No. equity shares linked to 4,230 debentures to 
        business associates of the Company.  Only 64,500 shares
 linked
        to 9,675 debentures were taken up by (i) and (ii) above.  The
 
        remaining 13,11,300 No. of equity shares linked to 5,130
        debentures not taken up under preferential quota were issued
 to
        the public.  Additional 3,52,500 shares linked to 52,875
        debentures were allotted to retain oversubscription.
 
      - These debentures under both schemes - cumulative and
        non-cumulative were to be redeemed at a premium of 5% of the
 face
        value in three annual instalments of Rs.40, Rs.30 and Rs.35
        respectively on the expiry of 6th, 7th and 8th year from the
        date of allotment of debentures.
 
      - 40,30,000 bonus shares issued in prop. 2015:100 on 1st
 January,
        1986.  In February 1986, 14,10,000 shares issued (prem. Rs.6
 per
        share) linked to 2,11,500-15% non-convertible debentures.
 
 1987 - The Company received major orders for construction of Okhla 
        Sewage treatment plant at Delhi valued at Rs.8 crores and a 
        steel melting shop at Vizag Steel Plant valued at Rs.16
 crores.
 
      - Also, additional contracts for water supply and sewage works
 at
        Hun and a mosque at Sokna were also awarded to the Company. 
 The
        Company received maintenance work for six school buildings
 near
        Tripoli.
     
      - The Company launched industrial estate Udyog Vihar at 
        Vithalwadi, Ulhasnagar, near Mumbai.
 
      - The Company obtained further licences from Haryana Government
 for
        development of its residential township near Delhi-Haryana
        border.
 
 1988 - Other jobs secured during the period were the construction of
 
        chimney for Dadri Thermal Power Station of NTPC, a 300 metre
 tall
        TV Tower at Jaisalmer, Rajasthan and pile foundation work for
        Durgapur Steel Plant.
 
      - Further development work was undertaken at South City, the
        resident mini-township near Delhi-Haryana border.
 
      - The Company undertook implementation of a five-star deluxe
 hotel
        project at Agra.  A technical collaboration agreement was 
        entered into with Ramda Inn Chain, for the hotel project.
 
 1989 - The jobs bagged include construction of super structure for
 main
        power house and auxiliary building for BHEL at Tenugha,
 Bihar,
        industrial buildings for J.K. Tyres at Gwalior, M.P., 
        modernisation of slab casting shop for TISCO, Jamshedpur and
        residential complex township for Chambal Fertilizers Ltd., at
        Kota, Rajasthan.
 
      - The Company was awarded two jobs for laying 66 KV transmission
 
        lines of 100 KM and 102 KM lengths.
 
      - Agreements for executing large real estate projects in Delhi,
 
        Bangalore and Gurgaon were signed.
 
      - The Company proposed to launch the construction and sales of a
 
        prestigious multi-storeyed apartment building at Firozshah
 Road
        in Connaught Place, New Delhi.
 
      - An agreement was signed with Kazakh Republican Council and
 their
        associates for a joint venture for renovation of the existing
        hotel at Medeo at Alma Ata (USSR) to 5-star deluxe standard.
        The objective of the joint venture was to build a new block
 of
        150/5 star deluxe international standard rooms and carry out 
        operation and management of the combined hotel on a
 professional
        basis to provide fillip to tourism.  However, permission from
 the
        Govt. of India and USSR was awaited.
 
      - A Joint venture Company in the name of Benetone Unitech Co.
 Ltd.,
        was incorporated in Thailand to undertake development and
        construction projects.  The joint venture undertook
 development
        and construction of a 35 storeyed luxurious residential
 complex 
        with a total area of 52,000 sq. mtrs.
 
      - 10,57,500 shares issued (prem. Rs.8 per share) through a 
        prospectus in February 1989, of which 52,875 shares reserved
 for 
        allotment on a preferential basis to employes (only 21,600
 shares   
        taken up).  The remaining 10,04,625 shares along with 31,275 
 
        shares not taken up by employees offered to the public.  
        Additional 1,58,600 shares allotted to retain
 oversubscription.
 
 1990 - The Company secured jobs for the construction of container
 depot
        for Container Corporation of India at Tughlakabad,
 Construction
        of HUDCO Bazar for HUDCO at New Delhi, modernisation of
 Kalyanpur
        Cement Ltd., at Rohtas, Bihar and construction of mass houses
 for
        CIDCO at New Mumbai.
 
      - The Company was awarded awarded a job for the construction of
 
        transmission station in collaboration with a Yugoslavian
 Company.
 
 1991 - The Company offered 36,04,300 No. of equity shares of Rs.10
 each
        at a premium of Rs.15 per share on Right basis in the ratio
 of
        1:2.
   
      - Simultaneously 1,80,215 No. of equity shares of Rs.10 each at
 a
        premium of Rs.15 were reserved for allotment to the employees
 
        (additional 74600 No. of equity shares taken up).
 
      - Unitech Metals Ltd., Unitech Exports Ltd., Supernal
 Corrugation 
        (India) Ltd., Ruhi Construction Co. Ltd., New India
 Construction
        Co. Ltd., Unitech Industries Ltd., Unitech Builders Ltd., and
        Unitech Investments are wholly owned subsidiaries of the
 Company.
 
 1993 - 36,78,900 No. of equity shares allotted on right basis.
 
 1994 - The Company signed a MOU with Singapore Consortium and
 Haryana
        Urban Development Authority for setting up a Technology Park
 in
        Gurgaon.  The company was also negotiating for further tie-up
        with International Companies to enable it to bid for large
        Highway construction projects.
 
      - 16,00,000 No. of equity shares of Rs.10 each allotted for
 each
        at a premium of Rs.82.50 to II Foreign Institutional
 Investors.
 
 1995 - The Company entered into partnership with Resources
 Development
        Corporation Ltd., Singapore and Comcraft Asia Pacific Pte
 Ltd.,
        Singapore to set up Automatic Block plants at New Mumbai and
        Ready Mixed concrete plants at Powai, Goregaon and South
 City.
 
      - The batching plant at Goregaon, Mumbai was fully computerised
        state-of-the-art imported plant of 100 cubic metre per hour
        capacity.
    
      - The Company proposed to develop a state of the art quarry in
 New
        Mumbai to manufacture one million tonnes of aggregate per
 year.
   
      - The Company signed a Joint Venture Agreement with Haryana
 Urban
        Development Authority and First Capital Property Ventures
 Pte.
        Ltd., Singapore for developing a Technology Park at Gurgaon
 which
        will house the high technology industries proposed to be set
 up
        by domestic and international companies of repute.
 
     -  The Hyundai Unitech Electrical Transmission Ltd., became the
        subsidiary of the Company.
 
 1996 - The Company has handed over possession of several apartments
 in 
        Heritage Estate in Bangalore, Legacy Complex in Lucknow and,
        Sunbreeze Tower-III.
 
 2006
 
 -I S T Ltd has informed that the Company has entered into
 Supplemental Agreement with Unitech Ltd., for development of
 Software/IT Park on 28.419 acres instead of 13.35 acres.