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VSF Projects > Company History > Construction & Contracting - Civil > Company History of VSF Projects - BSE: 519331, NSE: N.A
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VSF Projects

BSE: 519331|ISIN: INE923K01014|SECTOR: Construction & Contracting - Civil
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Company History - VSF Projects
The company has set up an aqua culture farm at Ankalapatur village, in
 Nellore district of Andra Pradesh to cultivate Black Tiger variety
 (P.Monodon) as an 100% export oriented unit. The farm has 64 ponds in
 total. An inhouse hatchery for captive consumption with an installed
 capacity of 40 millions seed per annum is also included in the
 project.  The company is promoted by Mr.B N Murthy, C R Peddineni, G
 Venkateswar Rao, and G S Ramachandra Rao. The hatchery has started
 commercial operation in June 1995.
 
 2007
 - Company name has been changed from Vijaya Shrimp Farms & Exports
 Ltd to VSF Projects Ltd.
 
 2011
 - VSF Projects Ltd has transacted the following: The Company is
 setting up 1x350MW Supercritical Thermal Power Plant in 1st Phase at
 Ankulapatur (V), Chillakur (M), PSR Nellore (Dist) of Andhra Pradesh
 and The Company has got the TOR clearance for the Power Project from
 the State Level Environment Appraisal Committee on January 06, 2011.
 - The Company has engaged M/s lnvestec Bank Plc, Investment Bankers,
 London, for advising, arranging and raising funds to the tune of Rs.
 100Mn USD in its WOS M/s VSF Energy Projects Private Limited, for
 achieving the Financial Closure for its proposed 350 MW Super
 Critical Power Project and the Company has entered into Memorandum of
 Agreement (MOA) with M/s PTC India Ltd for selling on tolling basis
 100 % of its power from the proposed 350 MW Super Critical Power
 Project.
 
 2012
 - VSF Projects Ltd has consider and approve raising of funds to the
 tune of Rs. 150.00 Crore through Preferential Issue / QIP Placement
 of Equity Shares / Warrants for the purpose of investment in its
 Wholly Owned Subsidiary M/s. VSF Energy Projects Pvt. Ltd.
 -VSF Projects Ltd has to consider the Demerger of Power Division of
 the Company through Scheme of Arrangement.
 -VSF Projects Ltd have Approved the proposal of Scheme of Demerger to
 transfer the Power Division of the Company to M/s. VSF Energy Projects
 Private Limited, Wholly Owned Subsidiary of the Company.
 
Source : Dion Global Solutions Limited
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