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गुजरात एल्कालीज एंड केमिकल्स > कंपनी इतिहास > Chemicals > कंपनी इतिहास का गुजरात एल्कालीज एंड केमिकल्स - बीएसई: 530001, NSE: GUJALKALI

गुजरात एल्कालीज एंड केमिकल्स

बीएसई: 530001  |  NSE: GUJALKALI  |  ISIN: INE186A01019  |  Chemicals

कंपनी इतिहास - गुजरात एल्कालीज एंड केमिकल्स
YEAR                                                  EVENTS
 1973 - The Company was Incorporated on 29th March, at Ahmedabad. 
 The
        Company entered into an agreement covering four contracts
 with
        Friedrich Udhe GmbH, West Germany of the Hoechst Group for
 basic
        engineering outside India, procurement and supply of the
 imported
        machinery, performance warrants in respect of the plant,
 detailed
        engineering in India, assistance in the procurement of
 indigenous
        machinery and supervision over erection and commissioning. 
 Udhe
        were also to supply necessary drawings, technical manuals for
        manufacturing process and give advice on technical matters
        including guidance during testing and pre-operation of the
 plant.
        The Company manufacture basic chemical products, caustic
 soda,
        liquid chlorine and hydrochloric acid.
 
 1975 - 25,50,000 Shares issued at par in June 1975; 1,00,000 shares
        reserved for allotment to ICICI and 24,50,000 shares offered
 to
        the public.
 
 1977 - 17,00,000 Right shares issued at par in prop. 2:5 during
        Sept./Oct. 1977.  Only 13,85,549 shares taken up.  The
 balance
        3,14,451 shares alloted privately.
 
 1984 - 15,00,000 shares allotted in part conversion of 13.5% debs.
 on
        1.4.1984.  14,88,640 bonus shares issued in prop. 1:5 in
 March
        1985.
 
 1987 - 17,86,368 bonus shares allotted in prop. 1:5 on 29.12.1987. 
 In
        Feb. 1988, 64,30,925 Rights shares issued (prem. Rs 10 per
 share;
        prop. 3:5).  6,43,093 additional shares allotted to retain
        over-subscription, 3,38,470 No. of equity share issued (prem.
 Rs
        10 per share) to employees (Only 1,12,550 shares taken up).
 
 1988 - The Company commissioned a salt washery project to upgrade
 the
        quality of salt available in the country and to reduce brine
        purification cost.
 
      - The Company made an application to the Government for a letter
 of
        intent to put up a float glass project in the joint sector
 with
        Modi's and Guardian of U.S.A.  The Company signed a Memorandum
 of
        Understanding with the Modi's.
 
 1990 - The project for the manufacture of 21,780 tonnes per annum,
 of
        electronic grade super dense soda ash was implemented.  The
        Company undertook to set up a project for the manufacture of
        sodium hypochlorite.  A caustic pre-concentration system was
        commissioned in March in order to increase the capacity of
 the
        caustic flaking unit from 50 tonnes to 80 tonnes per day. 
 The
        cold box unit project was commissioned in September.
 
      - A letter of intent was received for the manufacture of
 technical
        grade phosphine acid based on HCL route.
 
      - The company was on the look-out for feed stock tie-ups for
        implementing its letter of intent for manufacture 20,00 TPA
 of
        SAS based on N-Paraffin as Feed stock.
 
 1991 - The expansion of capacity of the chloromethanes plant from
        10,560 MTA to 21,120 MTA at a cost of Rs 28 crores was
        implemented during December.
 
      - The Company undertook conversion of balance mercury cells to
        membrane cells and thereby increase the capacity of caustic
 soda
        from 400 TPD to 465 TPD.  Manufacturing facilities for
 potassium
        hydroxide and potassium carbonate based on membrane cells
 were
        set up.
 
 1992 - Conversion of mother liquor produced during manufacture of
 sodium
        cyanide into sodium ferrocyanide was commissioned during
 January.
 
      - The Company undertook to set up a 11,000 tpa hydrogen
 peroxide
        project based on technology from Uhde GmbH, Germany.  The
 Company
        received a letter for putting up a grass root 350 TPD
        Caustic-Chlorine plant in district Bharuch.
 
      - The Company signed an MOU with Gujarat Mineral Development
        Corporation for setting up a joint sector Alumina project
 based
        on bauxite deposits in Kutch.  The new Company viz. Gujarat
        Alumina and Bauxite Ltd., was promoted in association with
        Raytheon Engineers & Construction U.S.A.
 
      - The R&D unit commissioned a plant for utilisation of waste
 sodium
        cyanide plant for production of 100 tonnes of sodium
        ferrocyanide.  The Company also undertook to set up a pilot
 plant
        facilities for the preparation of other chemicals starting
 from
        methyl chloride, an import substitute product.
 
      - The R&D unit undertook to develop new applications of
 Hydrogen
        peroxide and preparation of high purity Hydrogen Peroxide. 
 Also,
        a process was developed at pilot plant scale level for
 synthesis
        of Dimethyl Disulfide in a joint research work with IPCL.
 
 1993 - A project for manufacture of 16,500 tpa of phosphoric acid
 based
        on hydrochloric acid was under implementation at Dahej in
 Bharuch
        District.  This was commissioned in September 1995.
 
      - 107,46,946 Rights equity shares issued (Prop. 3:5; Prem. Rs
 90)
        5000 shares kept inabeyance.  1,52,000 shares issued to
 employees
        at a premium of Rs 90.  (only 1,49,250 shares taken up). 
 Another
        73,200 shares to employees of GIIC.  (Only 26,500 shares
 taken
        up).
 
 1995 - The Company joined as one of the promoters of Gujarat
 Chemical
        Port Terminal Co. Ltd. and would have a 10% share in the
 equity
        capital.
 
      - The Company issued 67,28,000 warrants convertible into equal
        number of equity shares at a price of Rs 136.50 per share.
 
      - During April, the Company issued, 86,78,592 - 12% secured
        redeemable partly convertible debentures of Rs 200 each on
 Rights
        basis in proportion 3 debentures.: 10 equity shares held. 
 Till
        date 86,68,889 debentures were allotted.
 
      - Part A of Rs 90 was converted into 1 equity share of Rs 10
 each
        at a premium of Rs 80 per share on 7th June, 1995.  Part B of
 Rs
        110 was to be redeemed at par in three annual installments of
 Rs
        35, Rs 35 & 40 at the end of 5th, 6th and 7th year from the
 date
        of allotment of debentures.
 
 1996 - The Company commissioned new Hydrogen Peroxide plant on a
 closely
        guarded technology availed from M/s. Uhde GmbH, Germany.
 
      - The Company received letter of intent for setting up of 600
 TPD
        grass root caustic-chlorine plant in Bharuch District.
 
      - The Company promoted Gujarat Industries Power Company Ltd.
 which
        supplies more than 50% of the power requirement of the Company
 at
        an economical rate.
 
      - The Company decided to participate in the promotion of a new
        Company by name `Gujarat Industries Power Co., Ltd.'.  The
 other
        promoters are Gujarat State Fertilizer Ltd., Gujarat Narmada
        Valley Fertilisers Ltd., Petrofils Co-operatives Ltd., Heavy
        Water Project of Government of India, Gujarat Electricity
 Board
        and the Government of Gujarat.
 
      - A new company viz. Gujarat Alumina and Bauxite Ltd. was
 promoted
        in association with Gujarat Mineral Development Corporation
 Ltd.
        and Raytheon Engineers & Contractors USA for setting up an
        Alumina project based on Bauxite deposits of Kutch and
        Saurashtra.
 
      - Captive Co-generation 90 MW project is an integrated project
        along with the 350 TPD Caustic Soda project at Dahej.  It
 aimed
        at providing self sufficiency in power which is a major input
 to
        the electrolytic caustic soda process.
 
 2000 - Credit Analysis & Research has downgraded the ratings assigned
 to the Rs 95.4
              crore partly convertible debenture issue and the Rs 45
 crore non-convertible
              debenture issue of the company.
 
 2002
 
 -Appoints Mr P K Taneja as Managing Director of the company.
 
 2003
 
 -Appoints Mr A K Pradhan as the Government Director and Chairman of
 the company.
 
 -Appoints Mr P K laheri as the Director & Chairman of the company.
 
 -UTI Asset Management Company sells 921849 shares of the company in
 the secondary market.
 
 2004
 
 -Comes out with a rights issue of 2,75,41,966 Equity Shares of
 Rs.10/- each for cash at a premium of Rs.2.50 per share aggregating
 to Rs.3442.75 lacs, which opened on February 09, 2004 and closed on
 March 10, 2004. The ratio is 3:5 (3 right equity shares for every 5
 shares held)
 
 2007
 
 -The State-owned Gujarat Alkalies and Chemicals Ltd (GACL) has
 secured the National Award for Excellence In Cost Management-2006,
 instituted by the Institute of Cost and Works Accountants of India
 (ICWAI).
 
 2009
 
 - Gujarat Alkalies & Chemicals Ltd has appointed Shri S Jagadeesan,
 IAS as a Director on the Board of Directors of the Company w.e.f.
 January 27, 2009.
 
 - Gujarat Alkalies & Chemicals Ltd has informed BSE that Shri. Jayant
 Narayan Godbole has been appointed as an Independent Director on the
 Board of Directors of the Company w.e.f. March 04, 2009.
 
 2011
 
 -The Company has commissioned its new 14000 TPA Hydrogen Peroxide
 Plant (on 100% basis) at Dahej Complex.
 
 
 2012
 
 -The Company has recommended a Dividend of Rs.3/- per Equity Share
 (30% per equity share of Rs.10/- each fully paid-up.
 
 -Gujarat Alkalies & Chemicals Ltd (GACL) has offered the dealers with
 online order booking of its caustic and other chemical products in
 order to bring transparency in pricing and efficiency in booking
 mechanism, said the media reports.
 
 2013
 
 -The Company has recommended a Dividend of Rs. 3.50 per Equity Share
 of Rs. 10/- each fully paid-up (35%) for the year ended March 31,
 2013.
 
 2014
 
 -The Comapny received Safety Awards - 2013
 
 -Gujarat Alkalies and Chemicals Ltd. has appointed Rajiv I. Modi,
 Chairman & Managing Director of Cadila Pharmaceuticals and Pallavi S.
 Shroff, Partner of M/s.   Amarchand & Mangaldas & Suresh A. Shroff &
 Co., as Independent Directors of the Company.
 
 2015
 -Gujarat Alkalies signs deal with CSIR-IICT for hydrazine hydrate
 -Guj. Alkalie & C  Press Note on GACL's innovative step towards
 multi-model logistics
 -GACL commences piped supply of products from Dahej plant
 -GACL, NALCO inaugurates registered office of new JV Co
 
 2016
 -Gujarat Alkalies and Chemicals Ltd has Updates on JV Project with
 NALCO.
 
स्रोत: रेलीगरे टेचनोवा

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