Subsidiary Company
National Projects Construction Corporation Limited (NPCC)
As on the date of this Draft Red Herring Prospectus, our Company has only one subsidiary namely, National Projects Construction Corporation Limited (“NPCC”). The details of our Subsidiary are disclosed hereunder:
Corporate Information
National Projects Construction Corporation Limited
NPCC, a “Mini Ratna: Category-I” Central Public Sector Enterprise under the Ministry of Jal Shakti, was incorporated as “The National Projects Construction Corporation Private Limited” on January 9, 1957. On August 1, 1959, its name was changed to “National Projects Construction Corporation Limited” by the Registrar of Companies, Delhi.
Pursuant to the passing of a necessary resolution in terms of Section 21 of the Companies Act, 1956 and the approval of the Central Government, the name of our Subsidiary was changed to “Rashtriya Pariyojna Nirman Nigam Limited” and a fresh certificate of incorporation dated May 31, 1993, consequent to the change of name, was issued by the Registrar of Companies, Delhi and Haryana. Subsequently, the name of our Subsidiary was again changed to “National Projects Construction Corporation Limited”, pursuant to the passing of necessary resolution in terms of Section 21 of the Companies Act, 1956 and the approval of Central Government and a fresh certificate of incorporation dated August 26, 1997, consequent to the change of name, was issued by the Additional Registrar of Companies, N.C.T. of Delhi and Haryana.
NPCC became a subsidiary of our Company on April 26, 2019 pursuant to the strategic disinvestment made by the GOI by selling its entire shareholding in NPCC (98.89% of paid up capital) to our Company. The corporate identity number of NPCC is U45202DL1957GOI002752. The registered office of NPCC is at Raja House, 30-31, Nehru Place, South Delhi, Delhi -110019, India.
Nature of Business
NPCC is authorised under its memorandum of association to construct, execute, carry out, develop, administer, and manage infrastructure works across railways, ports, dams, irrigation, power transmission, water supply, sanitation, and civil buildings—undertaking multidisciplinary engineering services as builders, contractors, engineers, architects, surveyors, and designers.
Capital Structure
The authorised share capital of our Subsidiary is ₹ 7,000,000,000 divided into 7,000,000 equity shares having a face value of ₹ 1,000 each. The issued, subscribed and paid-up equity share capital is ₹ 945,316,000 divided into 945,316 equity shares of face value of ₹ 1,000 each.