Minaean SP Construction Corp V.MSP

Industrials Engineering & Construction

Minaean SP Construction Corp. is engaged in providing general contracting to the construction industry with a specialty in Light Gauge Steel Quik-Build Systems. It also provides a variety of contracting services, including consulting on large scale construction projects, engineering, procurement, construction and design-build capabilities in the residential, commercial, industrial, healthcare and hospitality sectors. It operates through the general contracting services segment. Its Light Gauge Steel (LGS) technology is a cold formed galvanized steel that comes in a coil form and is used to produce a range of uniform shapes and products. Its Vesta Quik-Build System utilizes corrugated load-bearing Light Gauge Steel panels. Its Artisan Quik-Build System is an advanced building technology that uses an engineered floor and steel framed wall system to construct buildings. Its Modular Quik-Build System is a specific prefabricated system of constructing a building in modules in a factory.

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Minaean SP Construction Corp

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Post by Generalon Apr 30, 2013 5:53pm

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re-Minaean wins $900,000 contract from Indian powe

MIB is trading very cheap right now. Some very good developments happening...

Minaean wins $900,000 contract from Indian power firm

Minaean International Corp (C:MIB)
Shares Issued 52,145,691
Last Close 3/25/2013 $0.055
Tuesday March 26 2013 - News Release

Mr. Mervyn Pinto reports

MINAEAN HABITAT SECURES CONTRACT FOR $ 900,000 CANADIAN FROM NTPC

Minaean International Corp.'s wholly owned subsidiary operating in India, Minaean Habitat (India) Pvt. Ltd., has been awarded another contract for construction of staff quarters by National Thermal Power Corp, a government of India undertaking and a Fortune 500 company, for its thermal power plant under construction at Solapur in Maharashtra, India. This contract has been awarded upon MHI successfully executing a similar contract of smaller size and value, announced through the News Release of January 28th, 2013. The total value of this contract is CAD $900,000. Successful execution of this contract is likely to lead to further opportunities valued at in excess of $2 million from this group alone in 2013. In addition to this contract, MHI is currently negotiating for similar contracts with Oil and Natural Gas Commission, the oil exploration giant of India and Mazagaon Dock Ltd

The restructuring of the company towards an outsourced model has proved to be a success and with established supply chains in place, the company is able to focus on its core strengths in engineering, execution and contract management. With this business model and with reduced overheads and capital expenditure the Company is working towards a major bounce back in 2013. Additional contract opportunities for execution under joint venture are also under negotiation at present.

India, having surpassed a GDP growth of 9% in 2007-08, has reported a modest growth of 5.5% for the year 2011-12. The budget announced recently is focusing towards kick starting the economy in 2013 with the liberalization of Foreign Direct Investment (FDI) rules to attract foreign investments in the retail sector. The removal of the ceiling on FDI and permitting the retail sector to enter the market would work out to be a start to fuel the growth. With a population of over 1.20 billion people, the country thrives on its consumer market driven by the masses and is on track of achieving its targeted growth for the coming year. With major power plants and manufacturing industries being set up in rural India, the solution to set up their offices and staff quarters at the site can only be provided by prefabricated structures and modular buildings. Minaean Habitat (India) Pvt. Ltd. being a pioneer in this field, is poised to attract larger contracts in due course.

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