* - Tentative Dates
The Company proposes to utilize the Net Proceeds towards funding the following Objects:
Modern Engineering and Projects Limited's revenue increased by 226.37% and profit after tax (PAT) rose by 44.52% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 35.77 | 20.79 | 3.33 |
| Revenue | 68.02 | 20.84 | 0.08 |
| Profit After Tax | -2.53 | -4.56 | -0.04 |
| Net Worth | -3.98 | -1.48 | 3.07 |
| Reserves and Surplus | 0.23 | 0.24 | 0.23 |
| Total Borrowing | 6.12 | 7.14 | |
| Amount in ₹ Crore | |||
Modern Engineering and Projects Limited was founded in February 1946. The company provides competitive solutions in transportation engineering, civil engineering and other related works under Build, Operate and Transfer (BOT), Hybrid Annuity Mode (HAM), Engineering, Procurement and Construction (EPC) models.
The company's range of services includes technical design, planning and estimation of a project, market studies, preparation of feasibility reports, project management, architectural and civil engineering services, project commissioning, operation and maintenance and specialised consultancy services.
The company is currently involved in the construction of major infrastructure projects. The focus is on civil engineering. The company offers a diversified portfolio of road construction projects that help connect major cities and corridors in India. By leveraging technology, world-class equipment and a skilled team, operational efficiency is enhanced to realise the vision of creating last mile connectivity to promote India’s development.
The company is currently engaged in the construction of major infrastructure projects. The focus is on civil engineering. The company offers a diversified portfolio of road construction projects that help connect key cities and corridors in India. By leveraging technology, world-class equipment and a skilled team, operational efficiency is enhanced to realise the vision of creating last mile connectivity to promote India’s development.