The Voltas Board, at the meeting held on 10^th April 2001, has approved the proposal for the merger of Voltas International Limited (VIL), - a wholly owned subsidiary of Voltas Limited – with Voltas Limited, effective 1^st April, 2001. The merger is subject to required statutory formalities and sanction of the High Court.

VIL, operating as an international arm of Voltas Limited for the past two decades, has established itself, in the international market, as a leading electro-mechanical turnkey project contractor. The electro-mechanical division of VIL has been accredited with ISO 9001 certificate. VIL’s turnover in 2000-01 is Rs. 1400 million and has a net worth of Rs. 200 million.

Requirements of Indian infrastructure projects – mass transit systems (Metro Railway), power plants, large water supply projects and airports – become more complex and to international standards in quality and scope, Voltas, having at its command, the vast skill and experience gained by VIL from a spectrum of multi national electro-mechanical projects, is uniquely placed to deliver this.

The merger will also have the benefit of strengthening Voltas’ position in the field of engineering, procurements and construction of electro-mechanical projects in India.

VIL has an impressive record of having executed multi million dollar electro-mechanical projects in many diverse geographical locations abroad, such as Nepal, Malaysia, Hong Kong, Tanzania, Mauritius, UAE, Bahrain, Oman, Saudi Arabia, Russia, Uzbekistan, Kazakhstan, Tajikistan, Belarus.

Some of the prestigious and well known electro-mechanical overseas projects executed by VIL, are:

• The New Hong Kong International Airport at Chek Lap Kok
• Bahrain International Airport, Bahrain
• Central Emergency Hospital, Abu Dhabi
• Abu Dhabi Trade Centre, UAE
• Etisalat Telecommunication & Administration building, Sharjah
• New Villa for His Highness at Bateen Palace, Abu Dhabi

Recently, VIL has also started participating actively in large electro-mechanical tenders within India and the scope for such operations is seen to be bright.

VIL has associated with some of the most renowned international consultants such as Alexander Gibbs, Bechtel Corporation, Bishimetal Exploration, BRGM France, Buckle & Partners, Hospital Design Partnership, International Associates, Kennedy and Donkin, MC Fadden & Associates, Ralph Parson International, Scott Wilson Kirkpatrick, Sotechni Italy, Tata Consulting Engineers, W.S. Atkins, White & Young Emirates and Mott Consortium, to name a few.

VIL has set up in the Middle East, several Joint Ventures, wherein it offers its technical expertise in the management and execution of projects.

VIL is also the proud recipient of two prestigious export awards, from the Overseas Construction Council of India under the aegis of the Ministry of Commerce, Government of India, for three consecutive years of 1997-98, 1998-99, 1999-2000. The awards were bagged for the maximum turnover in overseas construction projects and maximum foreign exchange earned and repatriated to India from overseas construction contracts. Considering that VIL’s focus is only on electrical and mechanical contracts in the overseas arena, and the Company was in stiff competition from other prime civil construction companies in India, this is indeed a creditable achievement.