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मैसूर सीमेंट्स > कंपनी इतिहास > Cement - Major > कंपनी इतिहास का मैसूर सीमेंट्स - बीएसई: 500292, NSE: HEIDELBERG

मैसूर सीमेंट्स

बीएसई: 500292  |  NSE: HEIDELBERG  |  ISIN: INE578A01017  |  Cement - Major

कंपनी इतिहास - मैसूर सीमेंट्स
YEAR                       EVENTS
 1958 - The Company was Incorporated on 13th May, at Bangalore.  The
        Company's object is to manufacture cement, portland cement
        alumina cement etc.
 
 1960 - 2,50,000 shares subscribed by directors etc. 1,93,000 shares
 by
        Willys overland Export Corpn.; 97,000 shares by Kalser
 Engineers
        40,000 shares offered to the overseas Corpn.; 1,50,000 shares
 by
        Mysore Govt. and 20,000 shares by the New India Assurance Co.
 
        Ltd.  4,40,000 shares offered to the public in April 1960.
 
 1970 - 251 forfeited equity shares reissued during the year.
 
 1974 - Mining lease was acquired for limestone deposits in the area.
 
      - A second hand power plant was purchased from Madhya Pradesh
        Electricity Board to meet 50% of the requirements of Damoh
 unit.
 
 1977 - 70,000 - 9.5% pref. shares redeemed on 29th June 1978.  70,000
 
        - 11% pref. shares issued.
 
 1979 - Authorised capital reclassified.  13,50,000 rights equity
 shares
        issued (prem. Rs.2 per share; prop. 3:4) in February 1980.
 
 1981 - Rate of dividend on 70,000 - 11% pref. shares increased to
 13.5%
        effective from 6th November.  30,000 - 13.5% pref. shares
 issued
        as rights to equity shareholders in prop. 1 pref. : 105 No.
 of
        equity.  Only 10,319 shares taken up.
 
 1982 - 19,681 - 13 1/2% pref. shares of 1981-82 issue taken up in 
        1982-83 (7,681 pref. shares redeemable on 8th October 1994 and
 
        12,000 pref. shares redeemable on 26th November 1994.
 
 1983 - A letter of intent was received to expand the plant capacity
 at
        Damoh to one million tonnes per annum.
 
      - The unit could achieve higher efficiency of production and 
        savings in fuel costs due to installation of the latest 6
 stage
        pre-heater system in kiln No. 2.
 
      - Rate of dividend increased.  90 No. of equity shares
 forfeited.
 
 1984 - 12,59,789 bonus shares issued in the prop. 2:5.  4,06,118
 shares
        allotted to institutions on conversion of loans.
 
 1985 - Production was adversely affected due to severe power cuts
 and
        inadequate availability of coal.  It was planned to install
 two
        more diesel generating sets of 5 MW each.
 
      - 1,62,446 bonus shares issued in the prop. 2:5 in respect of 
        4,06,118 shares issued to institutions in 1984-85.
 
 1986 - Margins were under pressure due to increase in input costs, 
        decline in the non-levy price of cement, power cuts as high
 as
        60% - 80% in the Ammasandra plant and high cost of captive
 diesel
        power.
 
 1987 - The Company undertook modernisation of plant at Ammasandra
 unit.
 
      - The Company undertook to set up a new cement plant at Damoh
 with
        a capacity of 4 lakh tonnes per annum.
 
      - Approval was received for the installation of a grinding unit
 at
        Jhansi, U.P. to raise the company's licensed capacity to 1.87
        million tonnes.
 
      - The Company issued 13,00,000 - 12.5% secured redeemable
 partly
        convertible debentures of Rs.125 each for cash at par as
 follows:
 
      - (i) 5,00,000 debentures to shareholders on rights basis in
 the
        prop. 1 debenture for 10 No. of equity shares (all were taken
 up)
 
      - (ii) 65,000 debentures to employees (including Indian working
        directors - only 5,510 debentures taken up),
 
      - (iii) 1,44,000 debentures to non-resident Indians/persons of 
        Indian origin residing abroad on a repatriation basis (only 
        51,860 debentures taken up),
 
      - (iv) 5,91,000 debentures along with remaining unsubscribed 
        portion of 1,51,630 debentures from the preferential quota
 were
        offered for public subscription (all were taken up).
 
      - Additional 2,67,592 debentures allotted to retain over
        subscription (95,342 to the equity shareholders and 1,72,250
 to 
        the general public).
 
      - 78,37,960 No. of equity shares allotted (prem. Rs.5 per share)
 in
        part conversion of debentures on 31st March 1988.  In July
 1988, 
        64,07,893 rights equity shares issued (prem. Rs.5 per share;
        prop. 1:2).  3,37,257 No. of equity shares issued to
 employees
        of the company (prem. Rs.5 per share) but only 1,800 shares
 taken
        up.  The unsubscribed 3,35,457 shares of the employees quota
 were
        allowed to lapse.  70,000 - 15% pref. shares redeemed at par
 on
        12th September, 1988.  1,50,000 - 14% pref. CR shares
 privately
        placed with financial institutions on 3rd June 1988.
 
      - Rs.75 of each debenture was converted into 5 No. of equity
 shares
        of Rs.10 each at a prem. of Rs.5 per share on 31st March,
 1988.
        The balance Rs.50 of each debenture was to be redeemed in 3
        yearly instalments of Rs.17, Rs.17 and Rs.16 commencing on
 3rd
        February 1994.
 
 1988 - 70,000 - 15% cumulative preference shares out of the total 
        1,00,000 preference shares issued were redeemed at par as on
 12th
        September.  The balance of 30,000 - 15% preference shares are
        redeemable at par in the following manner:
 
      - (i) 10,305 preference shares on 31st May, 1994,
 
      - (ii) 14 preference shares on 28th June, 1994;
 
      - (iii) 7,681 preference shares on 8th October, 1994 and
 
      - (iv) 12,000 preference shares on 26th November, 1994.
 
 1989 - Fixed assets of Ammasandra and Damoh units, excluding
 leasehold
        land, furniture, office equipments, vehicles and additions
 during
        the year were revalued as at 31st March, 1990 and the
 resultant
        surplus amount was credited to revaluation reserve.
 
 1990 - The Company received a letter of intent for establishing a
 new
        cement plant in Raipur district of Madhya Pradesh with a
 capacity
        of 1.4 million tonnes per annum.  Necessary steps were being
        taken.
 
 1991 - A new cement plant of 5 lakh tonnes per annum capacity was
 being
        set up at Imlai in Damoh district of Madhya Pradesh.
 
      - The prospecting licence for limestone was granted.
 
      - With a view to expand its activities, the Company was making
 an
        equity investment of around Rs.216 lakhs (equivalent to M$ 3
        million), in a new Malaysian project for manufacturing 
        Oleochemicals.
 
      - The Company submitted a proposal to IDBI for take-over and 
        revival of a sick cement unit.
 
      - The Company undertook to set up an iron and steel project at 
        Haldia in West Bengal.  Initially it was proposed to set up a
        mini blast furnace with a capacity of 2.5/3 lakhs tpa with a
 plan
        to double the capacity and further diversification into
 special
        steels in the same location.  Also, a modern foundry is 
        envisaged to be established along side the mini blast furnace.
  
 
      - A new company under the name `Birla Metals Ltd.' was 
        incorporated for the same and it was expected that West
 Bengal
        Industrial Development Corporation to participate in the
 project.
 
 1992 - The Company undertook to set up a 10 MW capacity captive
 power
        plant to overcome the poor power supply.  To cater to the
        increased lime stone requirement for the one million tonne
        Clinkerisation plant, new mining areas were being developed. 
 The
        Damoh unit made a beginning in exporting slag cement to 
        Bangladesh.
 
      - A 1.4 MW DG set was installed to overcome the deteriorating
 power
        situation.
 
      - In January, the Company issued 5,00,000 - 20% secured
        non-convertible debentures (A-series) of Rs.100 each at
 Citibank
        NA on private placement basis.  These debentures were to be
        redeemed at a prem. of 55 in three equal yearly instalments at
 
        the end of 6th, 7th and 8th years from the date of allotment,
 the
        prem. being payable along with the 2nd instalment at the end
 of 
        7th year.
 
      - Simultaneously, with the above issue, the Company issued
        10,00,000 - 20% secured non-convertible debentures (B-Series)
 of
        Rs.100 each to LIC, UTI, GIC and its subsidiaries on private
        placement basis.  These debentures were to be redeemed at a
 prem.
        of 5% in three equal yearly instalments at the end of 6th, 7th
 
        and 8th years from the date of allotment the prem. being
 payable
        along with the instalment at the end of 7th year.
 
 1993 - During September, the Company issued 240,31,850 zero interest
        secured fully convertible debentures of Rs.45 each on rights
        basis in the prop. 5 debentures: 4 equity shares held (only 
        29,37,676 debs. taken up; 54,048 debs. kept in abeyance under
        section 206A and under Custodian's Notification; 10,40,126
 debs.
        were otherwise allotted).
 
      - Another 12,01,592 - zero interest debentures were offered to
        employees on equitable basis (only 15,775 debs. taken up).
        Unsubscribed portion of 11,85,817 debs. allowed to lapse.  
        Another 12,01,592 zero interest debentures offered to
        Management/Associate companies (all were taken up).
 
      - Each debenture was to be converted into 1 equity share of
 Rs.10
        each at a prem. of Rs.35 per share on 1st February, 1994.
 
 1994 - Clearance in principle was obtained from the State Govt. of 
        Karnataka for setting up a new greenfield cement plant of 1.5
        million tonnes p.a. along with a captive power plant in
 Gulbarga.
    
      - The Company issued 20,00,000 - 12.5% shares.  These are 
        redeemable at par 17th February, 1998 (4,00,000 shares), 17th
        February 1999 (8,00,000 shares) and on 17th February 2000 
        (8,00,000 shares).
 
      - 15% pref. shares redeemed.  251,74,258 No. of equity shares 
        allotted on conversion of fully convertible debs.
 
 1995 - The 1,50,000 - 14% redeemable cumulative preference shares
 are
        redeemable at par on 3rd June.
 
      - 14% pref. shares redeemed.  27,75,000 shares allotted on
        conversion of warrants on exercising of option by warrent
 holders
        and 3244 shares allotted consequent to annulment of
 forfeiture.
 
 1998 - The Company undertook to install a 15MW thermal power plant
 at
        Damoh.
 
      - MCL has an aggregate capacity to manufacture 2.1 million tpa
 of
        cement.  It has cement plants in Karnataka and MP and a
 grinding
        unit in UP.
 
      - Mysore Cements has recently concluded projects to become
        self-sufficient in power at its three plants across the
 country. 
        It has set up a 22 MW power plant at Ammasandra, Karnataka at
 a
        cost of Rs 55 crore.  The other power plants are in Narsingad
 (16
        MW) and Imlai (12 MW) for the Damoh factory in Madhya
 Pradesh.
 
      - MCL proposes to issue equity shares of up to 8.325 million
 (15
        per cent of the paid-up equity share capital) on private
        placement basis from time to time in one or more tranches to
        Nesher and/or its associates, etc.
 
      - GUJARAT Ambuja Cements Ltd (GACL) has bought a meagre stake
        in Mysore Cements Ltd and DLF Cements Ltd as a part of its
        treasury operations.  GACL currently holds about 1.28 lakh
        shares of Mysore Cements aggregating Rs. 12.96 lakhs, and
 around
        1.77 lakh shares of DLF Cements aggregating Rs. 9.62 lakhs.
 
      - Mysore Cements will also issue a block of 33.25 lakh
 additional
        equity shares for subscription by foreign institutional
        investors, overseas corporate bodies and mutual funds.
 
 1999 - MYSORE Cements Ltd, an SK Birla group company, is floating a
        joint venture with Nesher Israel Cement Enterprises of Israel
        to set up a Rs 600-crore 1.5-million-tonne cement plant at
        Gulbarga in Karnataka.
 
        The Israeli company recently picked up a 9 per cent equity
        stake in Mysore Cements at a premium of Rs 10 (FV: Rs 10) in
        the Rs 47.19 crore equity capital of the Rs 309 crore Mysore
        Cement Ltd.  The proposed joint venture company will be a
        subsidiary of Mysore Cement.
 
      - MYSORE Cements has proposed to offer 30 lakh shares to a
 private
        fund at Rs. 20 per share.  Pantaloon Fashions has a similar
 offer
        on the cards.  And BFL Software made such an offer last year.
 
 2000 - The Board has allotted 9,30,000 No. of equity shares of Rs 10
 each to
               ICICI fully paid-up towards payment of their dues.
 
 2003
 -Delist Equity Shares of the Company from the Madras Stock Exchange
 Ltd., Chennai and The Calcutta Stock Exchange Association Ltd.,
 Kolkata.
 
 -ICICI Bank Ltd. withdrawn the nomination of Shri K. Bharathan  in
 the Board of Directors and in his place, nominated Shri Satya Prasad
 as their nominee on the Board of the Company
 
 2004
 
 -Mysore Cements Ltd has informed that the Company has received a
 letter from the Madras Stock Exchange Ltd confirming that the equity
 shares of Mysore Cements Ltd have been delisted voluntarily from
 their Stock Exchange (MSE).
 
 2007
 
 -Mysore Cements Ltd  has appointed Mr. S Krishna Kumar, IAS (Retd.)
 as the Additional Director on the Board of Directors of the Company.
 
 -Mysore Cements Ltd has appointed Mr. T.V. Ganesan as the Head Legal
 & Company Secretary and Compliance Officer of Mysore Cements Limited
 w.e.f. 1st May 2007.
 
 
 2009
 
 - The name of the Mysore Cements Ltd has been changed from Mysore
 Cements Ltd to HeidelbergCement India Ltd.
 
 2011
 -Registered Office of the Company has been shifted  To 9th Floor,
 Tower C, Infinity Towers, DLF Cyber City, Phase II, Gurgaon - 122 002
 Haryana.
 
 2013
 
 -HeidelbergCement India Ltd commencing Project at Jhansi (U.P.).
 
 -HeidelbergCement India Ltd-Expansion project at Damoh (M.P.).
 
 2014
 
 -HeidelbergCement has been appointed  Mr. Jamshed Naval Cooper as CEO
 & Managing Director of the Company.
 
 2015
 -Heidelberg Cement In - HeidelbergCement India Ltd reply to
 clarification sought by the exchange
 
स्रोत: रेलीगरे टेचनोवा

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