|Our Company was incorporated on July 20, 1971 in New Delhi as Technofab Engineering Private Limited under the Companies Act, 1956 with the Registrar of Companies, National Capital Territory of Delhi and Haryana. Our Company became a deemed public limited company in terms of Section 43A (1A) of the Companies Act, 1956 on January 4, 1989. Our Company became a public limited company pursuant to the enactment of the Companies (Amendment) Act, 2000 and a special resolution passed by our Company on June 24, 2002. The RoC accordingly altered the Certificate of Incorporation to that effect on May 7, 2003.
During our initial years, we undertook various piping projects which enabled our Company to evolve into a turnkey piping systems company, with capabilities in EPC. Further, we developed expertise especially for engineered heating and storage systems, for low grade fuels, required by oil marketing companies and their customers. We have provided such systems for a large number of power projects aggregating approximately 5400 mw of installed capacity apart from customers in other areas.
With an endeavour to expand more engineered systems to our product portfolio, our Company developed capabilities to design and engineer fire protection systems to protect all types of hazards, with a special focus on facilities with medium to high risk ratings such as power stations and oil refineries / petrochemical facilities. We have provided fire detection and protection systems in 27 different power projects aggregating approximately 17000 mw of installed capacity apart from customers in hydrocarbon and other sectors.
For further growth we expanded our business activities to international market and secured our first overseas project in Kenya, Africa in 1993 and since then we have executed projects in Zambia, Ghana and Kenya.
Leveraging our project management skills, our Company entered into the Water and Wastewater treatment sector and secured three of the first set of Water and Wastewater Treatment & Recycling projects of NTPC at Rihand, Korba and Kahalgaon in 1996, 1997 and 1998 respectively.
Our Company experienced certain financial constraints during the period 2001-2005 on account of which dues of one our banker's viz., Central Bank of India remained unpaid. In the year 2006, our company paid the total outstanding dues payable to them amounting to Rs. 1,113 lakhs as a One Time Settlement (OTS) in full. Accordingly, the name of our Company was removed from the RBI's defaulter's list.
To exploit the potential opportunities in nuclear power sector, Rural Electrification and Transmission & Distribution, our Company made efforts in establishing its credentials as an EPC construction company capable of serving these sectors. In the year 2007 our Company bagged its first work order in the nuclear power sector. This was followed by further orders in 2008. So far we have secured and are executing orders worth over Rs. 13,000 lakhs.
We also do retrofitting of bulk material flow aid devices for the Cement, Power, Steel, Fertilizer and related industries. In the year 2009, we secured our first order in Power Distribution from WBSEDC worth Rs.3,770 Lakhs.
With an experience of over thirty eight (38) years our Company evolved from a piping, valves and pressure vessels fabricator to a Engineering and Construction company taking up individual turnkey packages relating to Low Pressure Piping Systems, Fuel Oil Handling Systems and Fire Protection Systems and eventually executing comprehensive electromechanical packages involving all engineering disciplines viz. Mechanical, Electrical, Control and instrumentation, environmental and civil for some of India's larges corporations, both in the public and private sector such as NTPC, SAIL, IOCL, TATA POWER, BHEL, ONGC, SEBs, etc as well as several overseas customers.
Our Company currently serves the power, industrial and infrastructure sectors by executing comprehensive BoP and auxiliary as well as main systems on complete turnkey EPC basis.
Our Company has seventeen (17) members as on the date of this Red Herring Prospectus.
1971 Incorporated as a Private Limited Company
Set up facility in Plot # 6, Sector 6, Faridabad, Haryana for manufacture of Butterfly Valves, Weldneck Flanges, Orifice Plates, Gratings, Step Treads etc.
1975 Secured first contract for Fuel Oil Handling System from Bharat Pumps and Compressors, Naini, Allahabad.
1978 Secured first Fire Protection System Contract from MSEB, Bombay for their Nasik Thermal Power Project followed by another one for the Bhusawal Thermal Power Project
1979 Executed our first large Yard Piping Contract from Steel Authority of India, Rourkela
Executed contract for the Director General of Naval Projects for the entire mechanical services and equipment for a 'Fitting Out Wharf' setup at Lion Gate in Bombay.
1984 Secured first L P Piping system contract from NTPC for the country's Super Thermal Power Plant set up at Singrauli for 2x500 MW. This was followed by similar orders for 2 x 500 MW Farakka TPS in 1988, 2x500 MW Vindhyachal TPS in 1995 and 4x500 MW Talcher TPS in 2000
1986 Commenced manufacturing of Pressure Vessels, Heat Exchangers, Filtration Equipment, Large dia Pipes and Pipe Fittings, prefabricated tanks and vessels
1987 Bagged the first major Naphtha Handling System contract from National Fertilizer Limited, Nangal, Punjab
1992 Established a full scale in-house Design & Engineering facility in the office Block at Main Mathura Road Faridabad, Haryana
1993 Executed our first overseas contract for Piping from Kenya Power and Lighting Company for their Geothermal Project.
Achieved total indigenization of entire production range of Solid Flow Devices, Belt Cleaners, Skirt Boards, Belt tracking and Support Systems.
1994 Secured contract for comprehensive Fire Fighting System from the country's frirst 2x250 MW module Thermal Power Project set up by the erstwhile BSES in Dahanu. This was followed by similar contracts for the same system for 2 x 250 MW Thermal Power Projects setup in succession by RSEB at Suratgarh and APSEB at Kothagudam.
1996 Awarded first contract for a power plant for setting up a Liquid Waste Treatment Plant in a Power Plant for NTPC's Rihand Thermal Power Pland followed by reapeat orders from NTPC for theri Korba and Kahalgaon and Thermal Power Projects in 1997 and 1998.
2002 Discontinued in-house fabrication
2003 Secured overseas orders for Rehabilitation of Water Treatment Plants and Pumping Station in the Copper Belt area, Zambia
2007 Received overseas order from TEMA Oil Refinery, Ghana for Sea Water Intake Pumping Stations and Pipeline
Secured first order in Nuclear Power worth Rs.3,510 lakhs for the raw and service water package.
2009 Secured first order in Power Distribution fromWBSEDC worth Rs.3,770 lakhs
2009 Secured first overseas order in the Asia-Pacific region in Fiji worth Rs. 2,501 lakhs
2010 Acquisition of Rivu Infrastructural Developers Private Limited, our 100% subsidiary