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Live Chart -Man Infraconstruction Ltd
BSE: 533169 | NSE: MANINFRA | ISIN: INE949H01015 Market Cap: [Rs.Cr.] 938 | Face Value: [Rs.] 10 Industry: Construction
Man Infraconstruction Ltd is an infrastructure construction company having executed projects across India. The company provides construction services for port infrastructure, residential, industrial, commercial and road infrastructure projects. They also bid for and undertake projects on a Build Operate Transfer basis and on a Public Private Partnership basis. The company is headquartered in Mumbai. They have undertaken projects in the six States of Maharashtra, Kerala, Gujarat, West Bengal, Goa and Tamil Nadu. The company has three subsidiaries namely, Man Projects Ltd, Man Ajwani Infraconstruction Ltd and Man Nirmal Infraconstruction Ltd. Man Infraconstruction Ltd was incorporated on August 16, 200 as a private limited company with the name Man Construction Pvt Ltd.
The company started as a contractor for port infrastructure, providing services which included construction of onshore terminals, container freight stations, operational buildings and workshops and gradually entered into contracting services in the residential and commercial space in the Mumbai market. In July 15, 2004, the company was converted into a public limited company and the name was changed to Man Construction Ltd. In May 12, 2006, Pathare Real Estate and Developers Ltd became a wholly owned subsidiary of the company and in June 1, 2006, Pathare Real Estate and Developers Ltd merged with the company. In September 19, 2006, Man Infraproject Ltd became a subsidiary of the company. In November 3, 2006, the company changed their name from Man Construction Ltd to Man Infraconstruction Ltd as a reflection of change in the primary business of the company.
In November 9, 2006, Man Infraproject Ltd became a wholly owned subsidiary of the company and in December 2006, Man Infraproject Ltd merged with the company with effect from December 1, 2006. In August 30, 2007, the company acquired Man Projects Ltd as a subsidiary company, which was engaged in the construction and real estate business. In March 24, 2009, the company incorporated Man Ajwani Infraconstruction Ltd as a subsidiary company, pursuant to a memorandum of understanding with Ajwani Infrastructure Private Ltd. In July 2009, the company was awarded an ISO 9001:2008 certification in respect of their construction services by SGS United Kingdom Ltd Systems and Services Certification.
In October 1, 2009, the company incorporated Man Nirmal Infraconstruction Ltd as a subsidiary company, pursuant to a memorandum of understanding with Nirmal Lifestyle Realty Pvt Ltd for executing construction projects for Nirmal Lifestyle Realty Pvt Ltd and their affiliates and for bidding government or other projects. As of December 31, 2009, the company's order book was atRs. 20,209.25 million.
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