Novatech was incorporated (earlier name Spacetech Process Equipment Pvt. Ltd.) with four partners.
Spacetech Process Equipment Pvt. Ltd changed to Novatech Process Equipments Pvt. Ltd.
The Company bagged the EPC Contract for Myanmar Petrochemical Enterprises for Revamping of Thanbayaken Refinery Project. The Project was worth 20 Million Dollars approx. INR 120 Crores.
The Company diversified into Structural division and signed the contract with BHEL for regular Supplies from Kolkata Factory. The contract was for supplying heavy structures for Power Plants all across the country.
The Company crossed the turnover of INR 100 Crores.
