Valplast Technologies Ltd IPO

About Valplast Technologies Ltd

Our Company was originally incorporated as `Renesco India Private Limited' in Delhi as a subsidiary of a Foreign Company as Private Limited Company under the Companies Act, 1956 pursuant to a certificate of incorporation dated January 10, 2014, issued by the Registrar of Companies, Delhi and Haryana. Subsequently, pursuant to shareholder's resolution passed at the Extra Ordinary General Meeting held on December 21, 2020, the name of our company was changed from Renesco India Private Limited to Valplast Technologies Private Limited vide a fresh certificate of incorporation dated January 01, 2021, issued by the Registrar of Companies, Kanpur. Thereafter, our Company was converted from private limited to public limited and the name of our Company was changed from Valplast Technologies Private Limited to Valplast Technologies Limited vide fresh certificate of incorporation dated August 18, 2023, issued by the Registrar of Companies, Delhi (the RoC). The Corporate Identification Number of our Company was U45400HR2014FLC094931. Further, pursuant to our email dated September 26, 2023, and January 11, 2024, to Registrar of companies, Delhi, our CIN number has been changed to U45400HR2014PLC094931.

India now boasts the world's largest road network at over 6.62 million km (as of December 2024), carrying more than 70% of freight and 85% of passenger traffic. Private sector has emerged as a key player in the development of road infrastructure in India. Increased industrial activities, along with increasing number of two and four wheelers have supported the growth in road transport infrastructure projects. The Government's policy to increase private sector participation has proved to be a boon for the infrastructure industry with many private players entering the business through the public-private partnership (PPP) model. As of Feb 2025, there were 826 road projects PPP out of 1825 total projects in India. In a significant effort to enhance infrastructure, the Union government approved eight national highspeed corridor projects, involving the construction of 936 kilometers of highways at a total cost of Rs. 50,655 crore (US$ 6.09 billion). As of March 2025, India has a total of 146,204 kilometers of National Highway and 2,474 National high-speed corridors. In FY25 approximately 5,614 km of National Highways have been constructed against the target of 5,150 km for the year. The engineering sector is the largest of the industrial sectors in India. It accounts for 27% of the total factories in the industrial sector and represents 63% of the overall foreign collaborations. Demand for engineering sector services is being driven by capacity expansion in industries like infrastructure, electricity, mining, oil and gas, refinery, steel, automobiles, and consumer durables. India has a competitive advantage in terms of manufacturing costs, market knowledge, technology, and innovation in various engineering sub-sectors. India's engineering sector has witnessed remarkable growth over the last few years, driven by increased investment in infrastructure and industrial production. The engineering sector, being closely associated with the manufacturing and infrastructure sectors, is of huge strategic importance to India's economy.

Incorporated in 2014, we are a civil engineering & construction company engaged in providing supply and installation of structural waterproofing system, injection grouting solutions for various type of infrastructure projects including underground structures, tunnels, landfills, dam, channel, shafts, canal, reservoirs, building and various other civil engineering projects. Further, we have recently started construction of Tunnels, Pre-Cast Concrete structures and Mechanical, Electrical & Plumbing (MEP) engineering services in tunnels and underground structures. We undertake a range of construction projects particularly in sectors such as Defense, railway, Civil structures etc. The majority of our service includes civil & structural construction services contracts under sub-contracting by main contractors, who have been allotted the project by a principal employer. Further, we have undertaken a few projects directly as a Contractor for certain private construction companies and government departments.

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