Home  »  Company  »  Supreme Infrastructure India Ltd.  »  Quotes  »  Company History
Enter the first few characters of Company and click 'Go'

Supreme Infrastructure India Ltd. Company History and Annual Growth Details

Supreme Infrastructure India Limited was incorporated as Supreme
Asphalts Private Limited vide Certificate of Incorporation
No.29752 of 1983 dated 8th April, 1983 with Registrar of Companies
Maharashtra at Mumbai.The name was changed to Supreme
Infrastructure India Private Limited vide fresh Certificate of Incorporation
Dated 10th April 2002.Subsequently, it was converted into a Public
Limited Company and the name was changed to Supreme Infrastructure
India Limited vide fresh Certificate of Incorporation dated 30th August 2005.

The Company was incorporated on 8th April 1983 by the then Promoter
Mr. Bhawanishankar H. Sharma, Mr. Ved Prakash Gupta and Mr. Hirendra
Kumar Sinha. The Company was incorporated with the objects of
commencing activities in construction field and supplying of asphalt.

The Company's shareholding and management was with the three
promoters and over the period of time two of the promoters
Mr. Ved Prakash Gupta and Mr. Hirendra Kumar Sinha
disassociated from the Company with effect from 1999
and ceased to be promoters of the Company.

Mr. Vikram B. Sharma and Mr. Vikas B. Sharma,
sons of Mr. Bhawanishankar H. Sharma joined the Company as
Directors of the Company.

The Company started executing the orders of BMC and PWD at
various sites and concreting of roads. After establishing in the field the
Company further expanded its activities and procured contract of MMRDA
and MSRDC. Presently the Company is registered with PWD and with BMC
and is so eligible to bid for their tenders without any restriction in terms
of value. Moreover, these registrations and class are also accepted and
acknowledged by MMRDA and MSRDC.The Company has executed projects the
completion of which has enabled the Company to achieve specialization in
projects requiring execution of World Bank aided projects that have stringent
specifications. Thus the Company becomes eligible to bid for tenders of construction
of runways at airports in future. The Company is also eligible to bid for jobs
related tidal area projects, construction of small jetties and port connectivities
which require special skills which have nowbeen acquired by the Company
after the execution of these projects.Note : No penalties have been levied for
any of the projects due to any delay in completion on the part of the Company.

Present Business Operations and Projects in Hand

The work in hand as on 5th January 2007 is worth Rs. 21613.86 Lakhs
and most of these projects are from agencies such as MMRDA, MSRDC,
MPT and NHAI. The Company is also executing a project for MUTP of
earthwork and civil construction for laying of railway tracks between Vidya
Vihar and Ghatkopar as a part of the Kurla-Thane (Phase-I)
railway project being built under the World Bank aided Mumbai Urban
Transport Project (MUTP). Completion of this project will strengthen
the company's ability to bid for such specialized projects. Company
has been allotted a NHAI project in a joint venture which is an Asian
Development Bank approved project. Being appraised by Asian development
bank, and as per the tender conditions, company can avail the benefits
of exemption of excise duty on all material procurements for the project
and also the import duty exemption on all machineries required for the
execution of the project.

The Company had entered into a Joint Venture Agreement with Dee
Dee Infrastructure Engineering Private Limited on 15th December, 2000
for joint bidding of projects. The Joint venture was awarded the contract
for the Talegaon Shingnapur project mentioned in the above table. However,
M/s Dee Dee Infrastructure Engineering Private Limited has ceased to be a
joint venture partner. The work on the contract for the Talegaon Shingnapur
project awarded to this Joint Venture is being carried out by SIIL.
The main features of the joint venture deed are given below.

Dee Dee Infrastructure Engineering Private Limited (DDIEPL) :

The Company had entered into a Joint Venture Agreement with Dee Dee
Infrastructure Engineering Private Limited having its registered office at 417, Srikanth
Chamber, Next to R.K.Studio, Sion Trombay Road,
Chembur, Mumbai 400 071. It has formed a Joint Venture under the

name and style of Supreme Asphalts Pvt. Ltd Company Joint Venture
vide Joint Venture Deed dated 15th December 2000.

The terms of the agreement are briefly as enumerated below :

The Company shall act as Leader of the Joint Venture for the purpose
of preparing and submitting the tenders in its name i.e. in the name
of M/s Supreme Infrastructure India Limited.

If the said Joint Venture is successful in procuring the said works the
parties of the Joint Venture Agreement as per understanding reached
by the parties wherein the responsibilities of each
of the two parties will be clearly defined

Their performance of the contracts and execution of the works
will be subject to the overall control of a supervisory board that will
consist of representatives of both parties.Milestones achieved by the Company:

Year Milestones

1997 Installed Drum Mix Technology in Asphalt Plant to
raise capacity to 60 M.T. per hour.

1998 Was awarded the Project of Bombay Port Trust for concreting of storage
yard in MOD yard including drainage system Sewree of amounting to
Rs. 2.61 crores and was completed one month ahead of schedule.

1999 Successfully completed approach road to the Bandra-Worli sea
link at Mumbai. The value of the project was Rs.8.60 crores as a sub-contractor.

2000 Successfully completed project of widening and strengthening of National
Highway Sect from BARC junction to Mankhurd including existing bridge
widening in Mumbai under PWD. The value of the contract was Rs.4.82 crores.

2002 Completed the sect of KM 503/00 to 512/00 i.e. improvement to Parli- Gangakhed
Palam Loha Road Maharashtra State Highway project valued at Rs.4..75 crores
under World Bank Aid programme.

2004 Completed the project of Eastern Express Highway from RCF Circle to JVLR junction
in Mumbai worth Rs.3.75 crores as per NHAI Standards.

2006 Completed work of widening and strengthening of Nagpur-Butibori section , Shrigapur
Talegaon section as per N. H. standards for a length of 32 Km including major bridges etc.
awarded by MSRDC valued at Rs.22.97 crores.

2006 Completed the project of Widening and strengthening of Western Express Highway from
Andheri Fly Over to JVLR Junction Chainage 518/600 to 516/400 km. as per NH standards
awarded by MMRDA valued at Rs. 40.57 crores.
 
Subscribe now to get personal finance updates in your inbox!