ITD Cementation India Ltd

ITD Cementation India Ltd

ITD Cementation India Limited was incorporated in June 24th 1978 under the provisions of the erstwhile Companies Act 1956. The Company is engaged in construction of a wide variety of structures like maritime structures mass rapid transport systems (MRTS) dams & tunnels airports highways bridges & flyovers and other foundations and specialized engineering work. The Company operates into one business segment viz. construction.Formed as Cemindia Company a FERA company to take over the Indian branch of the Cementation Company UK with its main activity being construction contracts the company offered specialized services like piling diaphragm walling ground treatment tube leading soil investigation mine development etc. The company which continues to be a subsidiary of the Cementation Company UK which holds a 51% stake was renamed Trafalgar House Construction with consent from Trafalgar House UK the ultimate holding company. Its target markets are marine projects harbours jetties port installation road and bridge construction building projects civil works for industrial structures such as power stations and dams etc. With technical assistance from its promoter companies Cementation Piling and Foundations and Cementation Mining UK it has developed the technology for pipe jacking and box jacking. This facilitates construction of subways and tunnels under existing roads and rail lines without interrupting traffic. The company is responsible for strengthening the base of the Qutub Minar. In 1994-95 the company entered into a collaboration agreement with Trafalgar House Construction (Major Projects) for expertise in construction of highways motorways bridges etc. In Apr.'96 Trafalgar House UK -- the parent company -- became a wholly owned subsidiary of Kvaerner ASA a Norwegian-based company. Subsequently the name of the company was changed to Kvaerner Cementation India Ltd.In 1999-2000 the company was the first construction company to be accredited with ISO 9002 in India for construction of Port and Harbour Structures in 1999. The Cementation Company Limited UK the holding company acquired 736593 equity shares thereby increasing their shareholding to 3702171 equity shares representing 80.37% of the paid up capital. The name of the company was changed from Kvaerner Cementation India Ltd to Skanska Cementation India Ltd. with effect from July 2001.The company had secured major road construction contracts which are now under execution. The major contracts which were executed in 2001-02 were installation of RCC Marine Bored Piles for NSICT Diaphragm Wall for Saifee Hospital Piling works for CPCL.The company has distinction of having all its operations certified by ISO systems. The company has been awarded ISO 9001:2000 for quality and ISO 14001:1996 for environment during the year 2003.During the year 2013 the Company's Joint Venture ITD-ITD Cem Joint Venture has received two contracts namely: Design and Construction of Tunnels by shield TBM Palam and I.G.D. Airport Underground Stations by Cut & Cover Method between Palam (including) & Shankar Vihar (excluding) on Janakpuri West-Kalindi Kunj Corridor under Delhi MRTS Project of Phase-III for Delhi Metro Rail Corporation of the value of Rs. 75200 Lakh and Procurement of Ground Water Treatment Plants Design Construction Supply Installation Commissioning including Mechanical & Electrical Equipment and Operation for Government of Tripura (SIPMIU) of the value of Rs. 3988 Lakh.During the year 2015 a number of contracts were completed including total civil construction job for ION Exchange (India) Ltd. for India Bulls Project at Nashik Maharashtra construction of North Cargo Berth II at VOC Port Tuticorin Tamil Nadu design and construction of Wharf Structure at Nhava Sheva Gateway Terminal at JNP Navi Mumbai and various piling and civil works in Gujarat Maharashtra Andhra Pradesh Orissa West Bengal Madhya Pradesh Haryana Tamil Nadu etc.With effect from 24th August 2015 every equity share in the Company of face value of Rs.10/- each was sub divided into ten equity shares of having a face value of Rs.1/- each.During the year 2017 the Company's Joint Venture ITD Cemindia JV has received four contracts for Construction of Elevated Structures (Viaduct and stations) of Bangalore Metro Rail Project Phase 2 for Bangalore Metro Rail Corporation Limited aggregating to Rs.237019 lakhs and ITDCem Maytas JV has received contract for extension of Kaleshwaram Project-Package No. 17-Investigation Design and Execution of Water conveyor system at Pranahita. Value Rs.32294 lakhs.During the year2017 a number of contracts were completed including construction of New Umtru Hydro Electric Project for Meghalaya Power Generation Corporation Limited Meghalaya. Construction of balance work of Tunnels between Kawi and Dugga on Katra Dharam Sanction of Udhampur Srinagar Jammu & Kashmir. civil work for two LNS Storage Tanks at Mundra Gujarat. Dredging and Reclamation works for development of Fourth Container Terminal of Jawaharlal Nehru Port for Bharat Mumbai Container Terminals Port Ltd. Maharashtra.In February 2018 the Company issued and allotted 16629684 fully paid up equity shares of face value of Rs.1/- each at a price of Rs.202.55 (including premium of Rs.201.55) per share aggregating to Rs.33683.42 lakhs through Qualified Institutions Placement (QIP). The shares were allotted on 2nd February 2018 and the paid up share capital of the Company increased from Rs.155157900 divided into 155157900 equity Shares of Rs.1/- each fully paid up to Rs.171787584 divided into 171787584 equity Shares of Rs.1/- each fully paid up. Consequent upon the aforesaid allotment the shareholding percentage of Italian-Thai Development Public Company Limited Thailand the Parent Company has reduced from 51.63% to 46.64% in the paid up share capital of the Company.