1.Company Information
manufacturing of aggregates and manufacture-sand by using Crushing Plants and Sand washing plants.
The company has three business verticals:
1.Engineering, Procurement, and Construction (EPC): The company offers a diverse range of capabilities in property development and the realty industry such as Commercial and Mixed Development Construction, IT and Institutional Space, Retail (Malls), Offices, Industrial Parks, Residential Projects, Luxury Villas, Resorts, Factories and Warehouses, Stadiums, Exhibition and Convention Centres, Entertainment, Industrial Construction, and Brownfield Development.
2.Mining of aggregates and production of manufactured sand: The Company owns and operates two quarries in Tamil Nadu, India. The first blue metal mining quarry and crushing facility is spread over 105 acres at Aruppukottai, Virudhunagar District, Tamil Nadu. This facility handles the entire rock breaking and rock auguring operations and the crushing machine here is capable of producing an output of 250 tonnes per hour and 100 tonnes of sand washing at a given point in time. The second aggregates and manufactured sand unit is located in Vandavasi, Tiruvannamalai District, Tamil Nadu. This facility is equipped with a crushing machine capable of handling 350 tonnes and 150 tonnes of sand washing at a given point in time. The facility is located 100 km from Chennai.
3.Drones or unarmed aerial vehicles
The company has been accredited as a Class I contractor with various departments and agencies viz. (1) Greater Chennai Corporation (GCC), (2) Government of Tamil Nadu Water Resources Department, (3) Tamil Nadu Water Supply and Drainage Board, and (4) Highways Departments pursuant to which the company is eligible to participate and undertake projects awarded by various other departments and agencies.
2. Objective of the Issue
The Company proposes to utilize the Net Proceeds towards funding the following objects:
1. Funding of working capital requirements of the Company.
2. Repayment / Prepayment, in part or full, of certain outstanding borrowings availed by the Company.
3. General Corporate Purposes.
3.Vishnusurya Projects and Infra IPO Registrar
Cameo Corporate Services Limited
Phone: +91-44-28460390
Email: ipo@maashitla.com
Website:https://ipo.cameoindia.com/