Brief History of the Company:
The Company was incorporated under the Companies Act, 1956 on 26th July 1985 under the name and style of Gujarat Bitumen Limited. The Company was engaged in the business of Asphalt and manufacture of all grades of Asphalt and its allied products. In the year 1986, the Company had bring their Initial Public Offer of 6,00,000 equity shares @ Rs. 10/- each.
Presently the main business of the Company is of Asphalt and all grades of Asphalt and its allied products for any purpose of use. The Company is engaged in the business of constructing roads, etc from the said allied products to various individual clients.
At present the Company is listed at Ahmedabad Stock Exchange with the paid up capital of Rupees 5.00 crores. The Company’s registered office is 501, Aakruti, Nr. Stadium Circle, Navrangpura, Ahmedabad – 380 009, Gujarat.
Main objects of the Company:
To carry on the business of Asphalt and manufacture of all grades of Asphalt and its allied products for any purpose, whatsoever and to manufacture, sell and supply drums, paint, packing materials, expansion joint fillers, water proof materials, anticorrosive paint, tarfelt, chemicals of any kind and other derivatives of Asphalt.
Presently the main business of the Company is into infra activities and construction of roads from Bitumen and other allied products. The infrastructure industry is an integral part of the economy. As an industry, the growth of the construction sector exceeds the GDP growth, creating plenty of possibilities for development in the future. The construction sector is expected to grow rapidly in an expanding economic environment. The demand for residential buildings picked up faster and remained strong in India apart from the several infrastructural projects undertaken by the Central & State Governments. The company is intending to continue in the construction contracts business to encash the present demand. The company also intends to invest and trade in real estate and provide consultancy services to companies in the real estate market. However in the short term from time to time there will be challenges that will temper the outlook in the interim term.