Company has secured orders worth Rs.33.25 crore:- (a) Contract for execution of Civil and Structural work for offsites for Green Fuel & Emission Control Project at Mumbai Refinery worth Rs.12.15 Crore for HPCL, Mumbai. (b) Development of Kim Mandvi Road Project on BOT Basis with an estimated project value of Rs.21.10 crore, with concession period of 20 years. (6.10.05)

 

Bharat Petroleum Corporation Limited (BPCL), Mumbai, has awarded the company contracts worth Rs.9.56 crore for Civil and structural associated works for capacity augmentation of existing Mumbai-Manmad-Manglya pipeline project of BPCL, stations located at Gujari, Manmad, Sanghvi and Mangalya. (19.09.05)

The Board has allotted its 25,00,000 equity shares of Rs.10/- each issued by way of preferential issue to the persons as detailed hereunder: 1) Subhkam Monetary Services Pvt. Ltd. (Non-Promoter) has been allotted 14,00,000 equity shares, Post Preferential Issue Capital - 9.58%; 2) Pragya Mercantile Pvt. Ltd. (Non-Promoter) has been allotted 3,00,000 equity shares, Post Preferential Issue Capital - 2.05%; 3) Santosh Industries Ltd. (Non-Promoter) has been allotted 3,00,000 equity shares, Post Preferential Issue Capital - 2.05%. 4) Vashi Constructions Pvt. Ltd. (Non-Promoter) has been allotted 5,00,000 equity shares, Post Preferential Issue Capital - 3.42%. The allotment was made by passing a resolution in the meeting of Allotment Committee held on August 29, 2005 . (29.08.2005)

Board meeting of the company held on August 14, 2005 , the following businesses were transacted :- 1) Final dividend @10% on the equity shares was recommended for the year ended March 31, 2005 . 2) AGM of the company will be held on September 30, 2005 . (14.08.05)

Board of Directors of the Company in their meeting on July 16, 2005, approved the matters by passing resolutions :- 1) Authorised Capital of the Company was increased from Rs. 12,50,00,000 /- to Rs. 15,00,00,000/- by addition of 25,00,000 equity shares of Rs. 10/- each. 2) Clause V of Memorandum of Association was altered for increase in capital. 3) Clause 3 of the Article of Association was altered due to increase in equity share capital. 4) Preferential issue of 25,00,000 equity shares of Mrs. 10/- each was approved on a price of Rs. 70/- per equity share. 5) EGM of the shareholders for the above mentioned matters will be held on August 14, 2005 . 6) Mrs. Aruna N. Dak, Company Secretary was appointed as Compliance Officer of the Company. (16.07.05)

'Punjab Government though Punjab Infrastructure Development Board has accepted the proposal of the Company for "Development of Ludhiana Bus Terminal on BOT Basis" with a Concession period of 10 years and 3 months including construction period, with estimated project cost of Rs.17 Crore approximately.'(28.06.05)

The company has been awarded with a work for "PROJECT SITE OFFICE FOR NAPHTHA CRACKER PROJECT AT PANIPAT (HARYANA) OF M/S IOCL (Indian Oil Corporation Limited). The total estimated contract value is Rs.4.66 Crore approximately. (23.05.05)

The Company has entered into an agreement with Gujarat State Road Development Corporation Limited (GSRDC) {a Government of Gujarat Undertaking} for construction of approaches of ROBs of :- a) Anand Boriavi Road (SH No. 75) and b) Umreth-Ode-Sarsa-Anand-Karmasad-Sojitra-Tarapur Road (SH No. 83) with estimated value of Rs. 8.40 Crore and 5.90 Crore respectively, totaling Rs. 14.30 Crore. (20.04.05)

Punjab Government through Punjab Infrastructure Development Board has accepted the proposal of the company for "Development of Jalandhar Bus Terminal on BOT Basis" with a Concession period of 8 years, 5 months and 21 days including construction period. The company has estimated the value of project at Rs. 16.72 Crore approximately. (04.04.05)

Mr. Sanjay Mehta S/o Mr. V. S. Mehta was appointed as an Additional Director of the company. The resolution was passed by circulation under section 289 of the Companies Act, 1956, by the Board of Directors on March 15, 2005 . Mr. Mehta is Chartered Accountant and is independent director. (15.03.05)

MP Government has accepted the offer of the company for "Dewas Industrial Water Supply Project on BOT Basis" with a Concession period of 30 years and with additional two years for implementation of the project. The company has estimated the value of project at Rs.85 crore approximately. (14.03.05)

A bid of estimated contract value of Rs.7,75,00,000/- (Rupees Seven Crore Seventy Five Lacs Only) is accepted by Gujarat State Road Development Corporation Limited through a Letter of Acceptance dated February 15, 2005 . The bid is for "Development of Himatnagar Bypass Project on BOT Basis". Further, the Company has accepted the project on February 17, 2005 and made the necessary arrangements as required. (17.02.05)

The result of the discussions held in the Board meeting on January 24,2005 was Amalgamation of MSK Highways Limited and MSK Infrastructure & Toll Bridge Pvt. Ltd. was duly approved by the board by passing a resolution for the same. (24.01.05)

A tender with estimated contract value of Rs.7,59,15,596.75 is granted by Indian Oil Corporation Limited. The tender is for "Civil and Structural Works for Offsites & Utilities" for MSQ Upgradation Project of Indian Oil Corporation Limited at Vadodara, Gujarat . The Project should be completed within nine months i.e. up to June 26, 2005 . Further, the Company has accepted the project and made the deposits as required to Chief Manager (MSQU-JR), Gujarat Refinery, Vadodara. (10.11.04)

"The board of Directors of the company has passed the proposal to issue foreign Currency Convertible Bonds (FCCBs) of US$ 10 Million with green shoe option of US$ 2 Million in their meeting dated 27th November, 2005, the proposal will be placed before the shareholders in their meeting to be held on 26th December, 2005."

The Shareholders of MSK approved FCCB issue The shareholders in their meeting dated 26 th December ,2005 has approved issue of Foreign Currency Convertible Bond of US$ 10 mn with green shoe option of US$ 2 mn and increase in Authorized capital from Rs 15 crore to 19.5 crore. The board is authorized to borrow up to a sum of Rs. 150 crores.

The construction of Hoshangabad-Khandwa Road has successfully brought down travel time by 4 hours and VOC ( Vehicle Operating Cost) by 36.25%. On Indore-Jabalpur ( Indore-Harda-Hoshangabad-Pipariys-Narsinghpur-Jabalpur ) and 30.72% on Jalgoan-Jabalpur road ( Via Khandwa-Hoshangabad-Pipariys-Narsinghpur-Jabalpur Road)