Madhya Pradesh Road Development Corporation Ltd. (MPRDC) was incorporated as a wholly government owned company under The Companies Act 1956 (CIN-U45203MP2004SGO16758);as amended by The Companies (Amendment) Act 2002 and The Companies (Second Amendment) Act 2002, by the Government vides order No. F-1-24-I-2004/Gen./19 with an authorized share capital of Rs. 20 Crore, paid up share capital of Rs. 10 Crore.
The Company has received a Certificate of Incorporation and Certificate of Commencement of Business from the Registrar of Companies, Madhya Pradesh and Chhattisgarh on July 14 and August 11, 2004 respectively. Presently paid up share capital of Company is Rs. 20 Crore.
The MPRDC has been declared as the successor / assignee of the Madhya Pradesh Rajya Setu Nirman Nigam Limited (MPRSNN) and is entrusted with responsibility for implementation of all State Highway, National Highway and Major District road projects.A large percentage of projects operate under the BOT Roads "public - private partnership" scheme while others being developed under the EPC,regular contract scheme. Several projects, funded by External Funding Agencies like ADB & NDB, are managed by MPRDC.