ITD Cementation India Limited announced that at its board meeting held on February 11, 2019, Mr. Premchai Karnasuta, Non-Executive Director and Chairman, resigned from the Board of the company and relinquished his position as Chairman of the company with effect from the close of office hours on 31st March, 2019, as he is unable to devote sufficient time to the affairs of the Company, given his other professional commitments. Mr. Pathai Chakornbundit, Non-Executive Director and Vice Chairman, resigned from the Board of the company with effect from the close of office hours on 31st March, 2019, as he has already attained the age of 75 years and now wishes to devote his time to other pursuits. Mr. Piyachai Karnasuta, Non-Executive Director of the company has been nominated as Non-Executive Chairman of the company with effect from 1st April, 2019, in place of Mr. Premchai Karnasuta, by Italian-Thai Development Public Company Limited, promoters of the company, in exercise of the powers under Article 120(1) of the Articles of Association of the company. Accordingly, Mr. Piyachai Karnasuta would take over charge as Non-Executive Chairman of the Board of the company with effect from 1st April, 2019.
ITD Cementation India Limited is an India-based engineering and construction company. The Company is involved in the heavy civil, infrastructure, and engineering, procurement and construction (EPC) business and operates in India. The Company is engaged in urban infrastructure, Mass Rapid Transport Systems (MRTS) and airports; highways, bridges and flyovers; maritime structures; industrial structures and buildings; water and wastewater; foundation and specialist engineering, and hydro, dams, tunnels and irrigation. It is focused on construction of flyovers, underpasses and river bridges using specialized foundation techniques. The Company offers a modern and comprehensive range of construction techniques for the construction of piles and diaphragm walls, ground improvement, drilling grouting works, rock anchors, slope stabilization and rehabilitation work. The Company’s subsidiaries include ITD Cementation Projects India Limited, ITD Cemindia JV and ITD Cem-Maytas Consortium.
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