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History of Nagarjuna Construction Co. Ltd.

22nd March, 1990 with the main object of taking over the business of erstwhile partnership concern M/s. Nagarjuna Construction Corporated.

The partnership firm was established in 1978. The Comp. undertakes construction of Civil, Structural, Electrical, Sanitary, Plumbing & other works like laying of bridges, roads etc.

NAGARJUNA CONSTRUCTION COMPANY LIMITED, was promoted by Shri A V S Raju, Shri K i Narayana, Shri A A V Ranga Raju & Shri A G K Raju.

2000 - CRISIL has upgraded the rating of Nagarjuna Construction Services from an FB+ to FA-.

2002-The Board of Directors of Nagarjuna Construction Comp. Ltd at its meeting held on July 29, 2002 approved reissue of 76082 equity shares of Rs 10 each at a premium of Rs 25 per share.

2003

-Nagarjuna Construction Co. Ltd has informed that a special resolution was passed by members of Comp. in their AGM held on September 26, 2003 giving their consent to the Comp. to delist the shares of Comp. from HSE. The Comp. has made an application to the Hyderabad Stock Exchange for purpose of delisting of its shares from HSE.

2004

-Nagarjuna Construction Comp. Ltd has informed that the Joint Venture viz. Somdatt Builders - NCC Joint Venture floated by Comp. along with M/s Somdatt Builders Ltd has been awarded by Superintending Engineer, State Road Project Circle at Gandhinagar, Gujarat a contract worth Rs 993.80 million for strengthening & paving of shoulders of SH 24, Rajkot-Morvi [Km 1/827 to Km 70/192s].

-Nagarjuna Construction Comp. Ltd has informed that the BoD of Comp. at its meeting held on January 5, 2004 have subject to the approval of members of Comp. accorded inprinciple approval for issue of 1 million equity shares of Rs. 10/- each at a premium of Rs. 125/- each to Mr. Rakesh Jhunjhunwala & Mrs. Rekha Jhunjhunwala valued at Rs. 135 million & 1 million equity shares of Rs. 10/- each at a premium of Rs. 125/- each to pre-identified individuals / body corporates / NRIs etc valued at Rs. 135 million on preferential basis.

-Delists Equity Shares from Hyderabad Stock Exchage

2005

-Nagarjuna Construction secures orders worth Rs 3310 mn

2006

-NCCL joins hand with NHAI

-Nagarjuna Construction secures order from Sultanate of Oman

-Nagarjuna Construction secures two new Orders worth Rs 1180 mn

-Nagarjuna Construction Comp. Ltd has informed that Sri. S Samarapungavan, Director has resigned from the Board of Comp. as he is settling down abroad. The Board of Directors at its meeting held on October 30, 2006 has appointed Sri. R V Sastri, Former Chairman and Managing Director of Canara Bank as an Additional Director [Independent Directors].

- Nagarjuna Construction Comp. Ltd [NCCLs] has bagged new orders valuing Rs 255 crore.

2007

-Nagarjuna Construction Comp. Ltd has announced that the Comp. has secured two new orders aggregating Rs 260 crores. The first order is from Maharashtra Airport Development Comp. Ltd, Mumbai for Designing, Providing & Constructing Water Supply & Underground Sewerage System at Nagpur valued at Rs 202 crores & the second order from the Chief Engineer, Electricity, GESCOM, Gulbarga District of Karnataka for Rural Electrification works on Turnkey basis under Rajeev Gandhi Grameen Vidyutikaran Yojana [RGGVYs] Scheme valued at Rs 58 crores.

-The spot rupee opened at 43.67/68 but closed at a high of 43.47/48 to a dollar following dollar selling by banks as part of sell-buy swaps to create trading positions. The annualised premiums for six-month & one-year forward dollars closed at 4.02 per cent & 3.47 per cent, respectively.

-Nagarjuna Construction Comp. Ltd has informed that Sri. Alluri Narayana continues to be a Director [Non working Directors] on the Board of Company.

- Nagarjuna Construction Comp. Ltd has informed that the Comp. has bagged three new orders totaling Rs 243 crores. These orders comprise of project for construction of 'EMBASSY OF INDIA COMPLEX' at Kathmandu, Nepal valued at Rs 136 crores, construction of Paint Shopt and HRK Hall at Chakan, MIDC, Maharashtra for Volkswagen India Pvt Ltd, valued at Rs 66 crores & construction of Raw Water Storage Reservoir at Visakhapathatnam, Andhra Pradesh for Brandix India Apparel City valued at Rs 41 crores.