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MBL Infrastructures > Company History > Construction & Contracting - Civil > Company History of MBL Infrastructures - BSE: 533152, NSE: MBLINFRA

MBL Infrastructures

BSE: 533152|NSE: MBLINFRA|ISIN: INE912H01013|SECTOR: Construction & Contracting - Civil
Jun 19, 12:37
-0.55 (-3.59%)
VOLUME 20,617
Jun 19, 12:36
-0.65 (-4.23%)
VOLUME 46,649
Company History - MBL Infrastructures
Our Company was originally incorporated as Maheshwari Brothers Limited
 August 25, 1995. The certificate of commencement of business was
 on September 12, 1995. The name of our Company was changed to MBL
 Infrastructures Limited with effect from July 05, 2006 and fresh
 certificate of 
 incorporation was issued by the Registrar of Companies, West Bengal.
 Our Registered Office is located at 23-A, Netaji Subhas Road, 3rd
 Suite 14, Kolkata-700 001, West Bengal and our Corporate Office is
 at Corporate Office: Saket Estates, 2nd Floor, Premises No. 2C, 2, Ho
 Chi Minh
 Sarani Kolkata - 700 071 and at SU 2-3, Bhikaji Cama Bhawan, Bhikaji
 Place, Ground Floor, New Delhi - 110 066.
 The Promoters of our Company are Mr. Ram Gopal Maheshwari, Mr.
 Kumar Lakhotia, Mr. Maruti Maheshwari and SMH Capital Limited. Mr.
 kumar Lakhotia, Mr. Shree Kumar Lakhotia and Mr. Mahabir Prasad
 brothers of Mr. Ram Gopal Maheshwari and Mr. Anjanee Kumar Lakhotia
 the subscribers to the Memorandum of Association and the earlier
 shareholders and directors of our Company. All three of them severed
 from our Company and all its affairs and are neither the Directors
 nor the 
 shareholder in our Company.
 Major events in the history of our Company:
 Year    Events
 1996   Took over Maheshwari Brothers, a partnership firm engaged in
 the business 
              of trading in steel and waste management at steel
 1999   Was awarded the first batch of contracts for the
 north-south-east-west corridor 
               projects by the National Highways Authority of India
 2000   The plant and machinery of our Company were revalued on Net
               Value based on reports submitted by an approved valuer.
 Net appreciation 
               of Rs. 954.35 lacs in the value of plant and machinery
 were credited to the 
               Revaluation Reserve
 2001   Completed four laning of Agra-Gwalior section of National
 Highway 3 from km 
              41 to km 51 near Dholpur, Rajasthan, for a project value
 of Rs. 2,052.00 lacs, 
               the first to be completed under the
 northsouth-east-west corridor project by NHAI
 2002   Completed the rehabilitation and maintenance of the Tumkur -
 Harihar section of 
             National Highway 4 for NHAI for Rs. 1,161.00 lacs. 
            Awarded the BOT Project of Seoni-Balaghat-Rajegaon state
 highway by the Madhya 
              Pradesh Rajya Setu Nirman Nigam Limited (now the Madhya
 Pradesh Road 
              Development Corporation Limited).
            AAP Infrastructure Limited was incorporated as a special
 purpose vehicle for the 
              purposes of execution of the BOT project.
 2003  Completed two projects for NHAI, a maintenance and toll
 operations project and a 
             maintenance project 
            Mr. Mahabir Prasad Lakhotia, one of our earlier promoters,
 shareholders and directors 
              of our Company, disassociated himself from the Company.
 2004   Completed km 60 to km 70 of the four lane Agra-Gwalior section
 of National Highway 
              in Madhya Pradesh
            Awarded contract for the comprehensive maintenance of Ring
 Road and Outer Ring 
              Road at the National Capital Territory of Delhi.
 2005   Entered into a joint venture with Telecommunications
 Consultants India Limited 
               (Joint Venture). The Joint Venture was awarded the
 contract, valued at Rs 16,700 
               lacs. Further details of this Joint Venture have been
 enumerated hereinbelow.
           Mr. Shree Kumar Lakhotia, one of our earlier promoters,
 shareholders and directors of 
              our Company, disassociated himself from the Company.
 2006  Mr. Pawan Kumar Lakhotia, one of our earlier promoters,
 shareholders and directors of 
             our Company, has disassociated himself from the Company.
           Bonus issue of 36,21,242 Equity Shares made to the then
 existing shareholders of the 
            Company in the of 1:2
           AAP Infrastructure Limited became a wholly owned subsidiary
 of our Company.
 2007  Awarded the Industrial Infrastructure Development Project by
 Steel Authority of 
             India Limited (SAIL) and Indian Iron and Steel Company
 Limited (IISCO)
 2008  Completed the development work of our first BOT Project on the
 114 km 
             Seoni-Balaghat-Rajegaon highway.
           Completed the work of construction of additional length of
 service road and side 
             drains from Km. 146.00 to Km. 156.00 including 2-lane
 flyover on Guwahati Bypass 
             section of NH 37 in the state of Assam.
 2009   Awarded the contract for maintenance of main carriage way,
 service road, side drain 
              and median maintenance including periodic renewal from
 KM 146.000 to KM 163.895 
              on Guwahati Bypass of NH-37in Assam.
 - MBL Infrastructures Ltd bags orders worth Rs. 100 Cr. from Reliance
 Infrastructure Limited for its 6x660 MW Ultra Mega Power
 -- MBL Infrastructures Ltd has informed that Mr. S. S. Kohli has been
 appointed as an Independent Director of the Company with effect from
 June 25, 2010.
 - MBL Infrastructure Limited bags a 75.6 km BOT project in Madhya
 - MBL Infrastructures Ltd bags Projects worth Rs. 3158 Million
 - MBL Infrastructure bags Rs 315.8 cr orders from various companies
 - MBL Infrastructures Ltd bags over 500 crore Bikaner-Suratgarh
 Project on NH-15.
 - MBL Infrastructures Ltd bags 3 Housing Projects of Rs. 1261.21
 - MBL Infrastructures Ltd MBL Infra bags 5 orders worth Rs. 206 Crs.
 in Metro Railway and Building Segments
 -MBL Infrastructures - MBL Infra bags further orders of Rs. 147.37
 Crs. from existing 
 -MBL Infrastructures - MBL Infra achieves financial closure for
 Bikaner - Suratgarh BOT 
 -The Company have recommended dividend of 30% (Rs. 3.00 per equity
 share of face value of Rs. 10/- each) 
 -MBL Infrastructure bags ROB contract from PWD Haryana
 -MBL Infra completes financial closure for Bikaner- Suratgarh BOT
 -The Company have recommended dividend of 30% Rs. 3.00 per equity
 share of face value of Rs. 10/- each
 -MBL Infrastructures - MBL Infrastructures Limited bags 5 orders
 worth Rs. 502.28 crores
 -MBL Bags 2 ADB Funded Projects Worth Rs. 360 Crores under
 International Competitive Bidding
 -Consortium Led by MBL Infrastructures Limited Bags Project Worth Rs.
 279.45 Crores
 -MBL Infrastructures Ltd said that its wholly owned subsidiary - MBL
 (MP) Toll Road Company (MBLTRCL), has commenced commercial operations
 of its toll road project of Waraseoni - Lalbarra Road
 -Research Report by AMSEC
 -The Company has allotted the Bonus Shares to its shareholders in the
 Ratio of 1:1.
 -MBL Infrastructures bags projects worth Rs 609 crores
 -MBL Infra bags road development projects in UP, Uttarakhand
 -MBL Infrastructures bags Rs 2,126 crores projects
 -MBL Infrastructures Ltd Bag another NHAI Project worth Rs. 779
 -MBL Infrastructures Ltd ags one NHAI Project worth Rs. 1,021 Crores
 in the State of Maharashtra under NHDP Phase IV.
 -MBL among Best Infrastructure Brands of 2016
Source : Dion Global Solutions Limited
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