S.V.E.C. Constructions Share Price

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• SVEC Construction limited ("The Company"), is an infrastructural development company engaged in the business of civil, electrical, and mechanical construction works on a contract basis with Government, Semi-Government, and Private organizations
• The major clients are primarily Central and State Government authorities such as the Irrigation & CAD Department of the Government of Andhra Pradesh, irrigation departments of Madhya Pradesh and Maharashtra, water resources departments of the Government of Rajasthan and Chattisgarh, Army Welfare Housing Organization and Air Force Naval Housing Board.
• The Company was incorporated as ‘SVEC Constructions Private Limited’ on April 10, 1985 to acquire the business of M/s Sree Venkateswara Engineering Contractors, a partnership firm established in 1964 by the Late Mr. C. Sreemannarayana Murthy, Mr. N.S.M. Prasad, Mrs. Chalasani Bhanuvathamma and Mrs. Edupuganti Bapamma, to undertake civil construction and other engineering work.
• The Company became a Deemed Public Company u/s 43A of the Companies Act, 1956 with effect from July 1, 1988, and the word ‘Private’ was deleted from the name of our Company. Subsequently, the Company became a Public Limited Company on May 19, 1992, by passing a special resolution on March 30, 1992, in this regard.
  

The company recorded no operational revenue in FY23 as per the Annual Report 2023.