The Anup Engineering Ltd Company Summary

The Anup Engineering Ltd Summary

Anup Engineering Ltd (Formally known Anveshan Heavy Engineering Limited) was incorporated in September 14, 2017. The Anup Engineering Limited is Indias leading Heat Exchanger Manufacturer. The Company caters to wide range of process industries including Oil & Gas, Petrochemicals, LNG, Fertilizers, Chemicals/ Pharmaceuticals, Power, Water, Paper & Pulp and Aerospace with extensive product range of Heat Exchangers, Reactors, Pressure Vessels, Columns & Towers, Industrial Centrifuges & Formed Components. The Company has a state of the art manufacturing facility set up at Ahmedabad. It is an ISO 14001:2015, ISO 9001:2015, OHSAS 18001:2007 certified compliant company accredited with ASME U, U2, S and R stamps, PED 97/23/EC, NB registration and approved by IBR. In fact, Company was one of first fabricators approved by ISRO for supply of very critical and precise components for various satellite launch vehicles programs. The Company not only invested in latest design software but have built technically competent teams of engineers across functions. The Company laid foundations to become a complete solutions provider in future with strong competencies built around core competence which shall continue to be manufacturing. It have embarked on a Capex Plan of Rs. 150 Crore, starting from Financial Year 2019-20.In February 2019, the Company acquired land at Kheda (approx. 40 kms. from Odhav facility in Ahmedabad) for building a modern, state of the art facility which shall be a major cog in the progress and growth in the coming years. The Company have executed an export order for Centrifuge Machine of the value of Rs.60 lacs from U.K. in competition with the world leading manufacturers. During the year 2019, the Honble National Company Law Tribunal (NCLT), at Ahmedabad Bench vide its Order dated 26th October, 2018 approved the Composite Scheme of Arrangement under Sections 230 to 232 read with Section 66 and other applicable provisions of the Companies Act, 2013 amongst Arvind Limited, Arvind Fashions Limited, Anveshan Heavy Engineering Limited and The Anup Engineering Limited and their respective shareholders and creditors. The Company was demerged from M/s. Arvind Limited and amalgamated into M/s. Anveshan Heavy Engineering Limited (Transferee Company). Pursuant to the said Order, the name of Company changed to The Anup Engineering Limited vide fresh Certificate of Incorporation pursuant to change of name issued by Registrar of Companies, Gujarat dated 29th January 2019. The Scheme has become effective on 30th November 2018 and the Appointed Date was 1st January 2018. During the year 2019, the Company had allotted 1,01,93,962 Equity Shares of Rs. 10/- each to the equity shareholders of Arvind Limited (Demerged Company) and The Anup Engineering Limited (Transferor Company) pursuant to the Scheme of Arrangement. Subsequently, the Equity Shares of the Company got listed on BSE Limited and the National Stock Exchange of India Limited w.e.f. 1st March, 2019.During the year 2019, Consortium Arrangement availed by the Transferor Company for Rs. 200 Crores with ICICI Bank, HDFC Bank and Bank of Baroda was transferred to the Company pursuant to the Scheme of Arrangement.As a part of Companys commitment in quality, the management have pursued and successfully achieved ISO-9001 Quality Certification from M/s. Bureau Veritas Quality International, London.