ANSAL BUILDWELL LTD-$
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BSE Code:
523007
NSE Code:
ANSALBU
Business Profile
Business Profile
Ansal Buildwell (ANSALBU) has business activity encompassing the entire gamut of real estate development and construction, both in India and abroad. It was incorporated as a private limited company on Dec. 29, 1983, got converted into a public limited company on Jul. 16, 1985, and got its present name on Nov. 24, 1992. The company is part of the Ansal group, a real estate conglomerate of around 35 companies with listed companies like Ansal Properties and Industries and Ansal Housing and Construction; and private limited companies like Ansal Engineering Projects, Ansal Club, Ansal Hotels, Star Estates Management, Sunrise Management and Estate, Rigoss Exports International and Rigoss Estates Network.
The ISO 9001:2000 certified company operates in the business verticals of real estate promotion and development, environmental upgradation, turnkey hi-tech projects, design, engineering and consultancy, construction contracts, hospitality, overseas operations and facilities management. Major landmarks include shops, commercial complexes, shopping malls, and developed townships such as Sushant Lok I, II and III; South Delhi; Ansal Krsna - I and II, Ansal`s Riverdale in Kochi, Ansal Forte in Bangalore, Ansal`s Green Valley in Dehradun and Prakash Enclave in Moradabad.
On the hospitality front, the company has completed projects like Harmony Club and Club Florence is under development. Major townships under development are Ansal City in Kochi and Amritsar and a group housing project in Jhansi. It has bagged the SLA 2006 - Winner award for North Luxury, Premium and Econony awarded by Smart Living. Land is being acquired in Jaipur, Gwalior and Jhansi for development of plotted and independent housing schemes. Rahul Buildwell, Rahul Township, A.C. Shelters and A.C. Infrastructure & Development, all in Nepal, are subsidiaries.
The registered office is located at 118 Prakashdeep Building, Upper 1st Floor, 7, Tolstoy Marg, New Delhi-110001.
Financials
The company disclosed a substantial drop in standalone net profit for the quarter ended December 2008. During the quarter, the profit of the company declined 41.19% to Rs 10.11 million from Rs 17.19 million in the same quarter last year. Net sales declined 28.18% to Rs 233.66 million, while total income for the quarter fell 27.49% to Rs 236.04 million, when compared with the prior year period.