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सेंचुरी टेक्सटाइल्स एंड इंडस्ट्रीज > कंपनी इतिहास > Diversified > कंपनी इतिहास का सेंचुरी टेक्सटाइल्स एंड इंडस्ट्रीज - बीएसई: 500040, NSE: CENTURYTEX

सेंचुरी टेक्सटाइल्स एंड इंडस्ट्रीज

बीएसई: 500040  |  NSE: CENTURYTEX  |  ISIN: INE055A01016  |  Diversified

कंपनी इतिहास - सेंचुरी टेक्सटाइल्स एंड इंडस्ट्रीज
1897
 
 - The Company was incorporated on 20th October, at Mumbai.  The
 Company
 Manufacture textile fabrics, rayon yarn, tyrecord, caustic soda and
 allied chemicals, salt, cement, rayon grade wood pulp and writing
 and
 printing paper.  The company also carries on Shipping business.  The
 textile mills are equipped to do bleaching, dyeing, printing,
 organising, pre-shrinking, embossing, block printing and amiline
 dyeing.
 
 1960
 
 - The company signed a technical collaboration and know-how
 agreement
 jointly with Alemene, Kunstzigde Unie N.V. of Holland and Verinigts
 Glazstoff-Fabriken AG of Germany to set up a super two tyre yarn and
 a
 cord plant with capacity of 6 1/4 tonnes per day.
 
 1961
 
 - The Company obtained a licence for a rayon grade caustic soda
 plant
 of the capacity of 30 tonnes.
 
 1967
 
 - In May, 35,050 Bonus Equity shares in the prop. 1:8.
 
 1968
 
 - In December, 39,432 Bonus Equity shares issued in the prop. 1:8.
 
 1969 
 
 - The Company acquired a salt manufacturing unit at Jamnagar in
 order
 to ensure continuous supplies of good quality salt to the caustic
 soda
 plant.
 
 1971
 
 - Government's approval was received to set up a composite textile
 mill
 in Indonesia.
 
 1972
 
 - 3,54,882 Bonus Equity shares issued in the prop. 1:1.
 
 1973
 
 - The Company obtained a letter of intent for the establishment of a
 cement plant at Maihar in Satna district of Madhya Pradesh for the
 manufacture of portland cement with an annual installed capacity of
 7,50,000 tonnes.  M.P. Govt. sanctioned mining leases of limestone
 areas.
 
 - A Company under the name of P.T. Elegant Textile Industry was
 established in Indonesia as a joint venture for the Indonesian
 project.
 
 1977
 
 - The Company made an application to Indian Govt. for permission to
 participate in a joint venture project in Malaysia for palm oil.
 
 - 3,54,882 Bonus Equity shares issued in prop. 1:2 in January.
 
 1978
 
 - An application was made for an industrial licence to set up
 another
 cement plant at Manikgarh in Chandrapur district of Maharashtra with
 an
 annual capacity of 10 lakh tonnes.  A letter of intent in this
 respect
 was received in 1979.
 
 - During the year, effective steps were taken to install a 10 MW
 captive power plant at Manikgarh.
 
 - With a view to introducing Pozzolana portland cement, the Company
 proposed to install an additional cement mill incorporating the
 latest
 technology.
 
 1980 
 
 - 5,32,323 Bonus Equity shares issued in prop. 1:2.
 
 1986 
 
 - 10,64,646 Bonus Equity shares issued in prop. 2:3.
 
 1987 
 
 - The Company entered new markets such as Taiwan, South Korea,
 Hongkong, Japan, etc.  The Company installed 84 Air jet looms in
 replacement of old auto looms and 49 ring frames during the year.
 
 - The name of the company was changed to the present one from the
 Century Spinning & Weaving Company Ltd.
 
 - Rajasthan Govt. accepted in principle, the Company's proposal for
 establishment of a thermal power station with 400-500MWs capacity to
 be
 operated as base load station.  Formal sanction by way of draft
 licence
 by Rajasthan Govt. to Rajasthan State Electricity Board has been
 received.
 
 - During October, the Company offered 50,00,000-14% secured
 redeemable
 non-convertible debentures of the face value of Rs 100 each on
 rights
 basis in the ratio of two debentures for every one equity share
 held.
 All were taken up.  These debentures were redeemable at a premium of
 5%
 at the end of 7 years from the date of allotment i.e., 15th
 December.
 
 1988 
 
 - The Rayon plant had a lock-out for 70 days.  The company developed
 several new shades of dyed yarns particularly for furnishing and
 tapestry industry.
 
 - Three D.G. sets with a total capacity of 3.3 MW were commissioned
 during the year.
 
 - With the acquisition of four more vessels, the Company's fleet
 increased to nine vessels inclusive of bulk carriers, timber
 carriers,
 chemical and product tankers.
 
 - The aggregate deadweight capacity of the fleet having reached
 1,53,829 DWT against the MRTP sanction of 2 lakh DWT, the Company
 applied and obtained approval of Govt. to further increase the
 tonnage
 to 5 lakh DWT.
 
 - Permissions were received from Govt. for acquisition of 3 more
 bulk
 carriers, two in the range of 15-25000 DWT, one in range of 25-45000
 DWT and one product carrier of 25-35000 DWT range.
 
 - Rajasthan State Govt. granted licence for establishment for the
 Thermal power station with a capacity of 400-500 MWs.  Directions
 were
 issued to Rajasthan State Electricity Board to enter into an
 agreement
 with the Company for purchase of total energy supplied by it.
 
 1989 
 
 - The Major additions for the machinery in Textile Mills division
 included 52 Air jet looms, 9 Ruti-C wider width looms, 52 ring
 frames
 and one auto coner winding machine.
 
 - Steps were being taken to expand the Cement plant capacity from 8
 lakh tonnes to 10 lakh tonnes by technological upgradation,
 modernisation and by adding balancing equipment in different
 sections
 of the unit and by installing a pre-calcinator to increase clinker
 production.
 
 - With the acquisition of four more vessels, the Company owned a
 diversified fleet of 12 vessels with an aggregate deadweight
 capacity
 of 2,29,270 DWT.
 
 1990 
 
 - During the year the Chemical division obtained from the Govt.
 permission to introduce the membrane cell technology in the caustic
 soda plant.
 
 - Production was adversely affected from 1st June, to 5th August,
 due
 to lock-out following the failure of talks on wage agreement.
 
 - During June, the Company offered 50,00,000-14% secured redeemable
 non-convertible debentures of the face value of Rs 100 each on
 rights
 basis in the ratio of two debentures for every one equity share
 held.
 All were taken up.  These debentures were redeemable at a premium of
 5%
 at the end of 6th (Rs. 35), 7th (Rs 30 + Rs 5 premium) and 8th (Rs.
 35)
 year from the date of allotment.
 
 1991 
 
 - The Textile division could withstand the adverse factors such as
 hike
 in input costs, sluggish demand, etc., mainly due to improvements
 achieved in product quality and due to introduction of new varieties
 from time to time.
 
 - With a continuous research and development, the Company was able
 to
 use an enzyme to give a super silken finish to 100% cotton shirting
 through a novel technique termed as bio-polishing.
 
 - The Company proposed to install balancing equipments apart from
 undertaking certain modifications in the existing plant.
 
 - Steps were taken to modernise the salt works for securing higher
 production.  The Company proposed to undertake manufacture of
 refined
 edible salt in technical collaboration with Kreb & Co. of
 Switzerland.
 
 - The Cement capacity at Maihar was enhanced from 8 lakh tonnes to
 10
 lakh tonnes by technological upgradation and modernisation.
 
 - One bulk carrier of 42,308 DWT was added to the fleet increasing
 the
 overall tonnage to 2,71,578 DWT.
 
 - During November, the Company was selected by the MP Govt. for
 establishing, maintaining and operating a 2 x 210 MW thermal power
 station at Pench in the Chhindwara district.  A separate unit
 Century
 Power was established to undertake the above said project.  An MOU
 was
 signed with the State Govt. for procurement of land for plant,
 township, railway siding, etc.
 
 - The Application for allocation of feedstock for Rs 650 crores
 synthetic elastomers project was awaiting final clearance from the
 Petrochemical Ministry.
 
 - Necessary applications were made to the Govt. for the setting up of
 a
 new grass-roots caustic soda/chlorine unit of 100 TPD capacity with
 an
 investment of Rs 115 crores.
 
 - Necessary approvals were obtained by the Company for a 100% EOU
 consisting of 25,200 spindles at Satrati in M.P. for manufacture of
 cotton/blended yarn for exports.
 
 - 15,96,969 Bonus Equity shares issued in prop. 3:5.
 
 1992 
 
 - During the year, various machineries including speed frames, ring
 frames, autoconers, warping machines etc. were installed.
 
 - The new caustic soda plant with membrane cells was commissioned in
 December.
 
 - The company proposed to sell some of the ships of the Company and
 replace them with newer, modern ones.
 
 - Clearance was accorded by the Central Electricity authority in
 principle and funding of the project was to be tied up only after
 issue
 of final techno-economic clearance by CEA.
 
 - The Company issued 150,00,000-17% secured non-convertible
 debentures
 of Rs 100 each on private placement basis to financial/investment
 institutions.  These are to be redeemed at par in annual instalments
 of
 Rs 35, Rs 30 and Rs 35 on the expiry of 6th, 7th and 8th year
 respectively from the date of allotment of debentures.
 
 1993 
 
 - The Company successfully commissioned its new bagasse based paper
 unit with a capacity of 84,600 tonnes of paper per annum.  During
 the
 year, modernisation and technical upgradation programmes of both
 paper
 and rayon pulp plants.
 
 - The Company issued 150,00,000-16.5% secured Non-Convertible
 Redeemable Debentures of Rs 100 each aggregating to Rs 150 crores on
 private placement basis.
 
 1994 
 
 - On 26th Sept. the Company issued and allotted 3,93,700 No. of
 equity
 shares of the face value of Rs 100 each at a price of U.S.  $ 254
 per
 GDR representing one equity shares of the Company.
 
 1995 
 
 - The Company undertook to instal a precalcinator system in kiln No.
 1
 to increase the clinker capacity by 2 lakh tpa.
 
 - Modernisation and diversification schemes were taken up for
 increasing the installed capacity of writing paper from 20,000 TPA
 to
 27,000 TPA.  Also, steps were taken to increase the installed
 capacity
 of rayon grade pulp plant from 20,000 TPA to 25,000 TPA.
 
 - During the year, necessary steps were taken for setting up a
 bagasse-based paper project with a capacity of 75,000 TPA.
 
 - The Company continued its process of modernisation by acquiring
 one
 44000 DWT bulk carriers built in 1994 and by disposing of 35000 DWT
 bulk carrier Aditya Prabha built in 1982.  The Company's fleet now
 consists of 10 ships aggregating 2,81,010 DWT.
 
 - The company proposed to set up a paper board plant of a capacity
 of
 300 TPD at Lalkua.
 
 - Technology tie up was concluded with MECON and a subjective MOU
 was
 signed.  A new division in the name of Century Iron & Steel was set
 up to implement the project MECON were to provide consultancy.
 
 1996
 
 - The Company proposed to instal one Thermal captive power plant of
 15
 MW at Maihar plant.
 
 - Application was made for necessary approval from Govt. for the
 setting up of a sponge iron plant with a capacity of 3 lakh tonnes
 per
 annum.  Application was made for mining lease for iron ore.
 
 - A project for manufacture of pulp and writing and printing paper
 with
 a total capacity of about 400 tonnes per day at Bhavatgarh was to be
 set up.
 
 - The Company also proposed to establish another project to
 manufacture
 paper and pulp with a capacity of 300 tonnes per day at Aliganj in
 the
 state of U.P.
 
 1997 
 
 - An agreement was entered into with M/s. Snia Engineering S.p.a.
 Italy for supply of 12 nos. continuous spinning machine for
 manufacture
 of 1500 tonnes p.a. of viscose filament yarn based on 120 denier.
 
 - The Company decided to install in the first phase, 2 x 6MW DG
 genset
 at the Kalyan factory in view of the uncertainties regarding Naphta
 availability.
 
 - One Thermal capative power plant of 15 MW was installed and it
 commenced generation during the year.
 
 - 3,93,700 shares allotted.
 
 - Century Textile Ltd has been awarded Textprocil Special Gold
 Trophy
 for its highest global exports for the year 1995-96 in Mumbai.
 
 - The share price of Century Textiles and Industries Ltd shot up by
 Rs.207.25 to Rs.2,282.25 on 28.4.987, following the announcement by
 the
 company that it would consider the issue of bonus shares at the
 board
 meeting on May 6.
 
 - The company had issued on private placement basis 10.25 per cent
 cumulative preference shares aggregating to Rs 100 crore on October
 29,
 1997, redeemable after three years,
 
 - The company has allotted bonus equity shares on October 27, in the
 ratio of one bonus share for every one equity share held on the
 record
 date (September 26.).
 
 - The paid-up equity share capital, therefore, stands increased to
 Rs
 93.05 crore with effect from October 27.
 
 1998 
 
 - The proposed strike by the workers of the pulp and paper division
 of
 Century Textiles and Industries at Lalkua may dampen the sentiments
 of
 the stock.  The workers have demanded for a higher bonus and have
 threatened to go on strike from November 3, if the demand is not
 met.
 
 - Century Textiles and Industries Ltd has declared a lock-out in the
 Century Pulp and Paper division, including the bagasse unit, with
 effect from November 15.
 
 - The production in the pulp, paper division was `adversely
 affected'
 on account of the stay-in-strike and go-slow tactics adopted by the
 workers.
 
 - Workers of pulp and paper division had resorted to an illegal
 strike
 for two days on October 19 and October 20, 1998, pressing their
 demand
 for higher bonus as against the minimum bonus payable under the
 provisions of the Payment of Bonus Act, 1965.
 
 1999 
 
 - The net loss has been primarily due to the illegal strike
 resulting
 in lock-out at the factories of the pulp and paper division from
 November 15, 1998.
 
 - The lock-out was lifted after a memorandum of understanding was
 signed with the workers' union and the division resumed functioning
 from January 22.
 
 - The company has attributed the poor performance to the ongoing
 recession and an `illegal' strike for nearly 68 days by some workers
 at
 the pulp and paper divisions.
 
 - The pulp and paper division also commissioned 12 continuos
 spinning
 machines.
 
 2002
 
 -Century Textiles & Industries stops operations at its Bagasse paper
 plant at Nainital.
 
 -Century Textiles has decided to shut down its shipping division.
 
 -Century Textile and Industries Ltd has informed BSE that Intel Steam
 Pipeline 
 of 21 M W Turbine has been repaired and Bagasse Paper Plant
 production
 has been started.
 
 -Century Textiles is stepping into branded apparels by leveraging on
 its brand 'Century'
 
 -CTIL, an outfit of B K Birla group has forayed into the fast
 expanding branded ready-to wear
 segment.
 
 2003
 
 -Century Textiles has posted a net loss of Rs.44 million in the
 quarter ended as compared
 to net profit of Rs.88.1 million.
 
 -Mr Raghu Palat has been appointed as UTI Nominee on the Board of
 century textiles
 in place of Shri A P Kurian.
 
 -Century Textiles has decided to diversity into value-added readymade
 garments and
 accessories under the brand name of 'Cottons by Century'.
 
 -Century Textiles has  decided to refocus on domestic market and to
 reduce its exposure 
 in overseas market due to recession in the foreign market.
 
 2004
 
 -Century Textiles & Industries Ltd has informed that they have
 received intimation from The Stock Exchange Ahmedabad, vide letter
 dated December 29, 2003 that equity shares of Century Textiles &
 Industries Ltd have been delisted from their exchange wef January 16,
 2004.
 
 
 2005
 
 -Century Textiles enters into an agreement for sale of remaining
 ship
 
 2006
 
 -Century Textiles & Industries Ltd has informed that the equity
 shares of the Company have been delisted from Calcutta Stock Exchange
 Association Ltd (CSE) w.e.f. August 14, 2006.
 
 -Century Textiles all set to acquire land for cement plant
 
 2007
 
 -Century Textiles clarifies on news item
 
 2008
 
 -Mr R K Dalmia President of Century Textiles, which is a division of
 Century Textiles & Industries Ltd., was elected as Chairman of
 Committee of the Confederation of Indian Textile Industry (CITI). 
 
 2009
 
 -Century Textiles has recommended dividend of Rs 4.50 (Rupees Four
 and paise fifty only) on equity shares of Rs 10/- each equivalent to
 45% 
 
 2010
 
 -Century Textiles has recommended dividend of Rs. 5.50 (Rupees Five &
 Paise Fifty Only) on equity shares of Rs. 10/- each equivalent to 55%
 
 2011
 
 -Century Textiles as recommended dividend of Rs. 5.50 (Rupees Five
 and paise fifty only) on equity shares of Rs. 10/- each equivalent to
 55% 
 
 2012
 
 -Century Textiles has recommended dividend of Rs. 5.50 (Rupees Five
 and paise fifty only) on equity shares of Rs. 10/- each equivalent to
 55% 
 
 2013
 -Century Textiles - Order passed by the Competition Appellate
 Tribunal (COMPAT).
 -The Board has recommended dividend of Rs. 5.50 on equity shares of
 Rs. 10/- each equivalent to 55%
 
 2014
 -Century Textiles hits 52-week high on fund raising plans.
 -The Board has recommended dividend of Rs. 5.50 on equity shares of
 Rs. 10/- each equivalent to 55%
 
 2017
 - Sterlite Tech Wins WBA Industry Award 2017 for Best Connected City
 Deployment in Gandhinagar
 - Sterlite Tech Wins CII-ITC Sustainability Award 2017 for Excellence
 in Corporate Social Responsibility
 - Sterlite Tech won the Jury Commendation Award at the 16th FICCI CSR
 Awards for large-scale impact in water management.
 - Sterlite Tech recognised as VISIONARY in Gartners Magic Quadrant
 for second consecutive year
 - Sterlite Tech launches dense network 1152F cables for mobile
 backhaul at #IMC2017
 - Sterlite Tech Leads Transformation to 5G; Launches 5G Ready Smarter
 Network Technology at IMC 2017
 - Sterlite Tech wins Golden Peacock Award for Excellence in Corporate
 Governance
 - Sterlite Tech Strengthens Global Leadership Team
 - Sterlite Tech brings all new smarter network offerings to ANGA COM
 2017
 - CRISIL upgrades Sterlite Techs long-term rating outlook to CRISIL
 AA-/Positive
 - Sterlite Techs Optical Communication Products Now Qualified with
 Europes CPR
 - Sterlite Tech brings end-to-end Smarter Telecom Solutions to MWC
 2017
 - Sterlite Tech wins Aegis Graham Bell Award for Innovation in
 Telecom Infra
 
 
 
स्रोत: रेलीगरे टेचनोवा

न्यूज़ फ़्लैश

  • MARKET CUES : FIIs ने कैश में `585 Cr की खरीदारी की
  • MARKET CUES : DIIs ने कैश में `890 Cr की बिकवाली की
  • MARKET CUES : FIIs ने F&O में `483 Cr की बिकवाली की
  • MARKET CUES : इंडेक्स फ्यूचर्स में `172 Cr की बिकवाली की
  • MARKET CUES : इंडेक्स ऑप्शंस में `151 Cr की खरीदारी की
  • MARKET CUES : स्टॉक फ्यूचर्स में `388 Cr की बिकवाली की
  • CS ON BHEL : Outperform रेटिंग, लक्ष्य `88/Sh
  • CS ON CADILA HEALTH : Neutral रेटिंग, लक्ष्य `251/Sh
  • CS ON PIDILITE IND : Underperform रेटिंग, लक्ष्य `1245/Sh
  • MACQUARIE ON BHEL : Neutral रेटिंग, लक्ष्य घटाकर `58/Sh

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