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BSE: 532553 | NSE: WELPROJ | ISIN: INE625G01013Market Cap: [Rs.Cr.] 77 | Face Value: [Rs.] 10
Industry: Construction
MSK Projects (India) Ltd is an India-based company. The company is engaged in the civil construction contract. They are offering various types of works, such as mass housing and township, multi-storied buildings, industrial projects for coal mines, fertilizer plants, petrochemicals and water retaining structures. Their subsidiaries include MSK Projects (Himatnagar Bypass) Pvt Ltd, Super Infrastructure & Toll Bridge Pvt Ltd and MSK Projects (Kim Mandvi Corridor) Pvt Ltd. The company has been undertaking the projects for residential township, industrial projects, and infrastructure development projects specially road sector on build-operate and transfer (BOT) basis. They are also serving and executing industrial projects for various large scales private as well as public sector companies engaged in the business of petrochemical, fertilizers, pharmaceutical, mining etc.
The company has also ventured into water distribution projects and other surface transport projects involving construction of public utilities. MSK Projects is presently implementing a project which is arguably the second project in the country involving construction of dedicated water supply infrastructure from a perennial source to medium and large scale Industries in a large Industrial area in Dewas in Madhya Pradesh. MSK Projects (India) Ltd was incorporated on December 20, 1994. The company had had started construction business in the year 1976 as a partnership firm with the name of M. S. Khurana. The company was registered as a public limited company with the name MSK Projects (India) Limited and commenced their business on January 27, 1995. In October 2004, the company came out with an IPO, which was fully subscriber. The company's shares are listed on BSE, NSE and VSE. During the year 2006-07, the company has started a joint venture company, BUL MSK Infrastructure Pvt Ltd for the toll collection from the Dand Apta Kharpada abd Kon Sawle Road Project.
Also, the toll collection from Himmatnagar Byepass which has been executed under the100% subsidiary company, MSK (Himmatnagar Byepass) Pvt Ltd is continued during the year. In June 2007, the company received orders worth Rs. 34.88 crore from Bharat Oman Refineries Ltd in respect of civil and structural works for pipeline terminals for Vadinar, Bina Pipeline and Bina Refinery Project. Also, they received orders worth Rs. 23.18 crore from Bharat Oman Refineries Ltd in respect of civil and structural works for Control Room, Substation, Fire-station, Reservoir and Pump Houses, Pipe Sleepers, Road Ph-II and associated electrical works etc at Crude Oil Terminal at Vadinar (Gujarat) for Bina Refinery Project.
During the year 2008-09, the company secured some orders, which includes Earthwork in formation construction of bridges, P-way work and other miscellaneous works in connection with railway sidings (Part-A) for BPCL Bina Despatch Terminal, Bina (MP) from Bharat Petroleum Corporation Ltd, Civil and structural work of residue upgradation and MS/HSD quality improvement project for Indian Oil Corporation Ltd, Gujarat Refinery, Baroda and Non plant buildings (EPCC-12A package) for Panipat Naphtha Cracker Project of Indian Oil Corporation Ltd, New Delhi. The company also secured Polishing pond (EPCC-15) for Panipat Naptha Cracker Project of Indian Oil Corporation Ltd, Refineries division, New Delhi and construction of polishing pond, evaporation pond and other associated work for Bina Refinery project from Bharat Oman Refineries Ltd.
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