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धरमसी मोरारजी केमिकल कंपनी > कंपनी इतिहास > Chemicals > कंपनी इतिहास का धरमसी मोरारजी केमिकल कंपनी - बीएसई: 506405, NSE: DHARAMORAR

धरमसी मोरारजी केमिकल कंपनी

बीएसई: 506405  |  NSE: DHARAMORAR  |  ISIN: INE505A01010  |  Chemicals

कंपनी इतिहास - धरमसी मोरारजी केमिकल कंपनी
YEAR                       EVENTS
 1919 - The Company was incorporated at Mumbai.  The company's
 product
        range includes acids, heavy chemicals, superphosphate,
 fertilizer
        mixture & other allied products.  The company's products are
        marketed under the trade name `SHIP'.  
 
 1942 - 40,000 No. of equity shares subscribed.  12,617 shares
        forfeitued.
 
 1943 - Capital reduced by cancelling the paid-up capital to the
 extent
        of Rs. 50 per share.
 
 1960 - 18,225 Right shares offered at par in prop. 2:3.  Only 18,093
        shares taken up.
 
 1961 - 18,190 Bonus shares issued in prop. 4:10.
 
 1963 - The company formed in collaboration with Borax (Holdings)
 Ltd.,
        London, a new company by the name of Borax Morarji Ltd., to
        manufacture of Borax & Boric acid.  
 
      - 19,099 Right shares issued at par in prop. 3:10.
 
 1964 - 27,588 Right shares issued at par in prop. 1:3.
 
 1965 - The company in collaboration with Albright & Wilson Ltd.,
 London, 
        Shri S.P. Pandit & Smt. Sharda Mukherjee, floated a new
 company 
        on 25th September under the name of Albright, Morarji &
 Pandit
        Ltd., for manufacture of phosphoric acid & industrial
 phosphatic.
 
 1966 - 11,035 Bonus shares issued in prop. 1:10.
 
 1968 - In June, 24,277 Bonus shares issued in prop. 1:5, and in
 Sept.,
        58,266 Right shares issued at par in prop. 2:5.
 
 1969 - 50,982 Bonus Equity shares issued the prop. 1:4.
 
 1973 - 2,54,913 Bonus Equity shares issued the prop. 1:1.
 
 1975 - The Company shifted the plants manufacturing di-ethyl
 sulphate,
        para amino phenol, sulphuric acid plant and aluminium
 sulphate
        plant to Roha.  Subsequently, benzene sulphonyl chloride and
        thiophenol plants were shifted and commissioned in 1979.
 
      - The Company promoted, jointly with the Madhya Pradesh State
 Agro
        Industries Development Corporation Ltd. to implement a
 project
        for the manufacture of granulated fertilisers. 
 
 1976 - 4,07,860 Bonus shares issued in prop. 4:5.
 
 1979 - In May, with a view to further diversification, the company
 took
        on lease for six years a factory at Baroda belonging to
        Tolne-Chem Industries Pvt. Ltd., for the manufacture of
        resorcinol, a chemical product used mainly by the tyre
 industry.
 
      - 3,67,074 Bonus shares issued in prop. 2:5.
 
 1980 - The capacity of single superphosphate plant was expanded at
        Kumhari in phases from 95,000 to 1,61,000 tpa
 
 1981 - In order to contain pollution caused by the manufacture of
        superphosphate, facilities were set up to manufacture
 fluoride
        chemicals and silica compound and commissioned.
 
      - During 1981 to 1989, Turn-key projects & Consultancy services
        division was busy in executing various contracts received
 from
        reputed parties such as National Rayon Corporation, Ltd. Shaw
        Wallace & Co., Ltd., Indian Rayon Corporation, Ltd. Hindustan
        Zinc Ltd., etc.
 
 1982 - Environmental Engineering division conducts studies on air
        pollution and liquid effluents.  And started taking turn-key
        contracts for design and supply of effluent treatment plants.
 
        Orders were received from Crompton Greaves Ltd., V.I.P.
        Industries Ltd., Hindustan Aluminium Corporation Ltd., and
 Bombay
        Dyeing & Manufacturing Co. Ltd.
 
 1984 - Despite severe drought in the Company's major marketing zone
 of
        Maharashtra, Gujarat and Western Madhya Pradesh, sales of
 single
        superhosphate were maintained.  The subsidy from Fertilizer
        Industry Corporation Committee for use of Rajasthan State
 Mining
        Development Corporation's Rock Phosphate was also terminated.
 
      - The Company offered 4,80,000-15% non-convertible debentures
 of
        Rs. 100 each as rights.  These debentures were allotted in
        February 1985 and are redeemable at a premium of 5% in
 February,
        1992.
 
 1986 - The single superphosphate plant was modernised and also
 expanded
        from 2,00,000 tpa to 3,00,000 tpa.
 
      - Equity shares sub-divided effective from 3rd June and
 authorised
        capital increased.
 
 1987 - The severe competition lead to a fall in prices.  The profits
        were lower than the previous year due to increase in
        depreciation, higher interest charges and reduction in
 equated
        freight on fertilisers reimbursed by Government.
 
 1988 - Similarly, the capacity of sulphuric acid plant increased
 from
        66,000 tpa to 1,01,900 tpa and that chloro-sulphonic acid
 plant
        from 3,600 tpa to 16,500 tpa in July.
 
 1989 - Single superphosphate with micro nurtient of boron known as
        boronated superphosphate manufactured by the Company had been
        notified as a fertiliser by the Government.
 
      - The Company was in a position to take up project for large
 size
        sulphuric acid plants in India and abroad.  
 
      - As on 31st March, the Company held 5,02,600 No. of equity
 shares
        in Boraz Morarji Ltd.
 
 1990 - The operations were adversely affected due to allround
 increase
        in the cost of inputs, higher transport costs and enhanced
        provision for depreciation as the Jhar factory became
        operational.
 
      - The Company commissioned at Jhar, district Amreli, Gujarat, a
        sulphuric acid plant with a capacity of 33,000 tpa and a
 single
        superphosphate plant with a capacity of 66,000 tpa.
 
      - 25,69,520 Bonus shares issued in prop. 2:5.
 
 1992 - The Company sold the Alpha Olefin sulphonate plant at Roha to
        Albright Morarji and Pandit, Ltd. a company jointly promoted
 with
        Albright & Wilson Ltd., London.  During the year, the Company
        commissioned sulphuric acid plant with a capacity of 3,000
 mtrs
        per annum at Roha.
 
      - On 14th July, company issued 31,47,663 - 16% secured
 redeemable
        partly convertible debentures of Rs. 40 each of which
 29,97,774
        debentures were offered on rights basis in the ratio of one
        debenture for every three equity shares held (only 28,77,245
        taken up).  The balance 1,49,889 debentures along with
 1,20,529
        debentures not taken up by the shareholders were offered to
 the
        employees/workers of the Company (all were taken up). 
 Additional
        2,99,777 debentures were allotted to retain oversubscription.
 
      - As per terms of the issue, Rs. 20 of each debenture would be 
        converted into one equity shares of Rs. 10 each at a premium
 of
        Rs. 10 per share at the end of six months from the date of 
        allotment.  The balance Rs.20 of each debenture would be
 redeemed
        at par at the end of 7 years from the date of allotment.
 
      - The Company commissioned the bio-methanation plant based on 
        Bacardi Technology for Kopergao Sahakari Sakhar Karkhana Ltd.
 
        During the year, the Company signed an export contract for
 supply
        of equipments for a plant of 100 MTs per day capacity to
        manufacture sulphuric acid and 50 MT per day capacity to
        manufacture alum with Global Soap and Detergent Industries
 Ltd., 
        Nigeria.
 
      - 35,27,640 No. of equity shares allotted on part conversion of
 16%
        debentures (prem. Rs. 10 per share).
 
 1993 - The company expanded chlorosulphoric acid plant.
 
      - The Company also secured an assignment for preparation of a 
        feasibility report for GSFC in respect of a 50,000 tonnes per
        annum capacity P 205 phosphoric acid plant in Uganda.
 
 1994 - As on 31st March, the Company held 9,29,600 No. of equity
 share
        in Albright, Morarji & Pandid Ltd.
 
      - As on 31st March, the Company held 1,16,994 No. of equity
 shares
        of Rs. 10 each in M.P. Agro-Morarji Fertilisers Ltd.
 
      - The Company subscribed for 66,000 No. of equity shares of Rs.
 10
        each of Premier Morarji Chemical Co. Ltd.  As on 31st March,
 the
        Company held 49,500 shares in this Company.
 
 2002
 
 -Dharamsi Morarji Chemical Company Ltd has informed that the Board of
 Directors of the Company at its meeting held on March 7, 2002 has
 appointed Mr C B Nalawalla as an additional Director.
 
 2006
 
 -The Compsny appointed Shri. V K Punshi as Managing Director of the
 Company.
 
 2007
 
 -Dharamsi Morarji Chemical Company has appointed Shri. Dilip P
 Goculdas as Managing Director (Agri Business) of the Company
 
 
स्रोत: रेलीगरे टेचनोवा

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