gayatri projects limited - Edelweiss

OUR HISTORY AND CERTAIN CORPORATE MATTERSOur company was originally incorporated on September 15, 1989 as Andhra Costal Construction Private Limited in the stateof Andhra Pradesh for undertaking construction activities. The name of the company was changed to Gayatri Projects PrivateLimited with effect from March 31, 1994 and was converted into a public limited Company on December 2, 1994. On April 1,1994 Gayatri Projects Private Limited took all the assets and liabilities of Gayatri Engineering Company, a partnership firmwhich was established in the year 1975 as a “Special Class Contractors” on a going concern basis. Gayatri EngineeringCompany had been undertaking civil and engineering works of various state governments, central governments, public /autonomous bodies / corporations.Our Company has executed different construction projects during the last 16 years and gained adequate experience. Wehave constructed about 644.00 Km of the Highways and 1113.00 Km of Irrigation Canals. We have executed 21 irrigationprojects amounting to Rs. 58399 lakhs. We have completed irrigation projects such as Construction of five packages ofNarmada Main Canal comprising of the 50.60 Km, Upper Krishna Project comprising of 44.00 Km, Sriram Sagar Projectcomprising of 954.00 Km and KC Canal comprising of 64.00 Km. We have executed 7 projects for construction of dams andreservoir amounting to Rs. 7533 lakhs, in which major ones include construction of Kaniti Balancing Reservoir forVishakhapatnam Steel Plant, construction of raw water pond for Jindal Vijaynagar Steel Ltd., construction & raising of ashpond dykes to ancillary works for NALCO Ltd. etc. We have executed 9 highway and runway projects, 8 site leveling projectsand 3 industrial projects amounting to Rs. 57562 lakhs, Rs. 9433 lakhs and Rs. 3478 lakhs respectively. Our projects arelargely concentrated in the Southern and Western Regions.Our Company owns a fleet of construction equipments comprising of heavy earth moving machines such as hydraulicexcavators, loaders, dozers, earth compacters, concreting plants such as batching plants, concrete mixers, transit mixers,concrete pavers, road equipment such as vibratory tandem rollers, electric paver finishers, mechanical paver finishers, hotmix plants, static rollers, truck mounted pressure bitumen sprayer, integrated stone crushing plants, quarry equipments likewagon drills, jack hammers, air compressors, transportation equipments such as cars and jeeps, tippers, tractors, watertankers, trailers, fabrication and erection plant such as welding generators, gas cuttings sets, work shop equipments, cranes,generators and other miscellaneous equipments.We are currently executing projects amounting to Rs. 105,016 lakhs of Public works /Irrigation Departments of various StateGovernments namely Andhra Pradesh, Madhya Pradesh, Chattisgarh and Gujarat and for other clients. Out of the projectsin hand, the highways constitutes projects amounting to Rs. 40,700 lakhs, irrigation projects Rs. 63,068 lakhs and otherworks constitutes Rs. 1,200 lakhs. In addition, we are also executing projects in our various joint ventures in which our shareof contract value to be executed, works out to around Rs. 69,000 lakhs. Most of these projects would be completed withinperiod of 36-42 months.Our Company is an ISO 9001 – 2000 engaged in execution of major Civil Works including Concrete/Masonry Dams, EarthFilling Dams, National Highways, Bridges, Canals, Aqueducts, Ports, etc.MilestonesYearParticulars1989-90 Incorporation of the Company as “Andhra Coastal Construction Private Limited” on September 15,1989 in the state of Andhra Pradesh1993-94 Name of the Company changed to Gayatri Projects Private Limited with effect from March 31, 19941994-95 Converted into a Public limited company with effect from December 2, 1994· Investment by Videocon Appliances Limited and Videocon International Limited into shares ofthe Company at a premium of Rs. 97/-. The Company took over all the assets and liabilities of Gayatri Engineering Company.1996-97 Completed construction of ‘S’ Bund and Platforms at Kakinada Port Project funded by ADB. Successfully completed filling of 50.00 Lakh cum. In a record time of 8 months at ReliancePetroleum Limited Project, Jamnagar.· The registered office of the company was shifted from Andhra Pradesh to Maharashtra.67