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इंडिया सीमेंट्स > कंपनी इतिहास > Cement - Major > कंपनी इतिहास का इंडिया सीमेंट्स - बीएसई: 530005, NSE: INDIACEM

इंडिया सीमेंट्स

बीएसई: 530005  |  NSE: INDIACEM  |  ISIN: INE383A01012  |  Cement - Major

कंपनी इतिहास - इंडिया सीमेंट्स
1946
 
 - The Company was incorporated on 21st February, at Chennai.  The
 Company runs two cement factories, one at Sankarnagar in the Nellai
 Kattabomman District and the other at Sankaridurg in the Salem
 District
 of Tamil Nadu State.  It also runs a foundry at Nadambakkam near
 Chennai City.
 
 1956
 
 - 1,60,000 Right Equity shares issued at par in the proportion 4
 shares
 for every Rs 175 paid-up Equity capital.
 
 1957
 
 - Defd. shares converted into Equity shares of Rs 5 each in prop. 
 1:1,
 Dividend rate of Pref. shares altered to 7.5%.
 
 1958
 
 - In August, Equity shares of Rs 25 each subdivided.  7,29,650
 Rights
 Equity shares then issued in prop. 1:3.
 
 1959
 
 - In December, 3,500 Pref. shares and 30,350 Equity shares allotted
 to
 Essen Private, Ltd., and Managing Agents.  At the same time, 40,000
 No.
 of Equity shares allotted to the directors of the Managing Agents. 
 In
 Nov. 1960, 15,00,000 Right Equity shares issued at par in prop. 1:2.
 
 1961
 
 - 25,00,000 Right Equity shares issued at par in the prop. 5:9.
 
 1965
 
 - In October, the Company, acquired foundry machinery and other
 fixed
 assets from Microtec Casting (Pvt.) Ltd.
 
 1969
 
 - Issued 29,00,000 Bonus Equity shares in the proportion 2:5.
 
 1984
 
 - 33,350-7 1/2% cumulative preference shares of Rs 100 each were
 converted into 13 1/2% secured redeemable non-convertible debentures
 of
 Rs 100 each from 1st April.
 
 1985
 
 - A crushing-cum-screening plant was installed at Sankarnagar.  The
 quarries at the Sankari factory were modernised and the third
 captive
 DG set was installed at Sankarnagar plant.
 
 - In order to convert the Sankarnagar plant to a more fuel efficient
 process, the Company accepted the proposal of Blue Circle Industries
 p.l.c., U.K., for setting up a 3,000 tonnes per day precalciner dry
 process kiln adopting the latest technology.
 
 - On the 20th February, the Company allotted 33,350-15% secured
 redeemable non-convertible debentures of Rs 100 each in conversion
 of
 33,350-7 1/2% cumulative preference shares of Rs 100 each.  The
 debentures are redeemable on or after 7 years but not later than 10
 years from the date of allotment.
 
 - Also, 6,00,000-15% secured redeemable non-convertible debentures
 of
 Rs 100 each were privately placed with LIC, GIC and its subsidiaries
 to
 be redeemed in 5 equal instalments commencing from the end of the
 5th
 year and ending with the 9th year from the date of allotment at a
 premium of 5% at the end of the 7th year.
 
 - 10,00,000 - 20% non-Convertible redeemable debentures of Rs 100
 each
 were privately placed with LIC, UTI and GIC.
 
 1986
 
 - Larsen & Toubro was appointed as the Indian Consultant.
 
 - The company considered various technical options for converting
 the
 wet process factory at Sankaridurg to dry process to avoid losses
 arising out of periodic rise in coal prices.
 
 1987
 
 - Dry process kiln with preheater was erected.
 
 - For improving the economic viability of the foundry, it was
 proposed
 to delink the division from the Company by transferring it to a
 subsidiary.
 
 1988
 
 - On 1st November, ICF Foundries Ltd., was incorporated to delink
 the
 foundry from the cement division.
 
 1989
 
 - In the last quarter of the year as a measure of forward
 integration,
 the Company entered the business of real estate and property
 development.
 
 1990
 
 
 - The company was granted a licence by the Ship Acquisition
 Licensing
 Committee for purchase of 4 dry bulk cargo vessels.
 
 - On 29th November, after obtaining necessary approvals, the Company
 took possession of the cement division of Coromandel Fertilisers,
 Ltd.,
 in Chilmakur village, Cuddapah district, A.P.
 
 - The Company's overall installed capacity increased to 2.6 million
 tonnes representing 12.5% of total capacity in S. India and 34% of
 the
 total capacity in Tamil Nadu.
 
 - In order to part finance the modernisation programme at
 Sankarnagar,
 the Company offered during February/March, 10,29,000 - 12.5% secured
 fully convertible debentures of Rs 125 each.  Out of the total
 issue,
 9,80,000 debentures were offered to the equity shareholders of the
 Company in the proportion of 1 debenture for every 5 equity shares
 held
 and 49,000 debentures were offered to the employees of the Company
 (Including the retention of oversubscription, a total of 11,71,660
 debentures were allotted).
 
 - The conversion of the debentures was to take place at two stages. 
 In
 Part I 58,58,300 No. of equity shares were allotted and in Part II
 52,27,848 No. of equity shares were allotted.  The holders of 622
 debentures opted for this conversion.  The holders opted for the
 original terms of conversion.  Accordingly, 2,777 No. of equity
 shares
 were allotted on 21.10.1992.
 
 1991
 
 - Due to fire accident in September, two of the three furnaces were
 damaged affecting production for more than three months.
 
 - The Company acquired two bulk cargo carriers with 53,644 DWT and
 43,300 DWT tonnes capacity and named as ICL Rajarajan and ICL
 Jayamkondan respectively.
 
 - The Company acquired controlling interest in the Sick Industrial
 Chemicals and Monomers, Ltd. (ICML) which runs a calcium carbide
 unit
 adjacent to the Company's Sankarnagar plant.
 
 1992
 
 - In accordance with the approval of shareholders ICL Foundries,
 Ltd.,
 the wholly owned subsidiary of the Company, took over the
 supervision
 of the operations of Foundry Division with effect from 1st July.
 
 - The Company acquired two more bulk cargo carriers.  The Company
 handed back the time chartered vessels to the owners.
 
 - The performance of the Shipping Division was affected by the
 unprecedented delays at various ports in India for the discharge of
 fertilizer cargo in the wake of change in Govt. policy on the
 Fertilizer Industry.
 
 - During April, the Company issued 31,97,230 Rights equity shares of
 Rs
 10 each at a premium of Rs 40 per share in the proportion of 1:5.
 Additional 4,79,584 shares were allotted to retain oversubscription.
 Allotment of 90 shares was kept in abeyance.
 
 - Another 1,59,861 No. of equity shares of Rs 10 each at a premium
 of
 Rs 40 per share were offered to the employees.  Additional of 23,979
 shares were allotted to retain oversubscription.
 
 - The Company issued 14% cumulative redeemable preference shares of
 Rs
 100 each aggregating to Rs 6.25 crores to Financial Institutions.
 These shares will be redeemed at a premium of 5% in 3 equal annual
 instalments on the expiry of 8th, 9th and 10 years from the date of
 allotment.
 
 1993
 
 - The Company acquired a vessel named ICL VIKRAMA.  The Shipping
 Division chartered 4 foreign flag vessels for the purpose of
 carrying
 coal from Australia to India.
 
 - During June, the Company issued 49,62,372 Rights equity shares of
 Rs
 10 each at a premium of Rs 60 per share in the proportion of 1:4. 
 All
 were taken up except 137 equity shares, the allotment of which was
 kept
 in abeyance because of court orders.
 
 1994
 
 - An upgradation/utilisation of equipment programme was undertaken
 and
 its capacity was also being upgraded to 1.1 million t.p.a.
 
 - The Shipping Division acquired its 4th bulk carrier m.v. ICL
 `Partibhan' of 55,882 DWT.
 
 - Though freight rates were higher during the year, the Shipping
 Division could not accrue the full benefit as two of its ships were
 drydocking during January/March 1995, leading to a loss of 60
 operating
 days.
 
 - On 18th October, the Company offered Global Depository Receipts
 (GDRs) for U.S.  million at the price of U.S. .5 per GDR/share
 involving issue of 58,57,987 GDRs/shares.  One share will be issued
 in
 respect of one GDR.
 
 - ICL Foundries Ltd., Industrial Chemicals & Monomers Ltd. and ICL
 Financial Services & ICL International Ltd. are all subsidiaries of
 the
 Company.
 
 1995
 
 - Production and sales of Foundry Division was affected due to
 unscheduled load shedding/power trippings.
 
 - The Company acquired its fifth Bulk carrier, M. V. `ICL Raja
 Mahendra', 47893 DWT.  8 Voyages were also performed through
 chartered
 vessels.
 
 - 15,00,000 No. of equity shares of Rs 10 each (prem. Rs 205) for
 share
 allotted on preferential basis against warrants.  321,68,291 bonus
 shares allotted in prop. 1:1.
 
 1996
 
 
 - The Company undertook to set up a new energy efficient cement mill
 at
 its Sankarnagar plant.
 
 - During the year the Shipping Division had to brave rough weather
 with
 freight rates continually falling and offreightment contracts being
 hard to come by.
 
 1997
 
 - As part of its ongoing diversification activities, the
 Rs.900-crore
 India Cements Ltd (ICL) is setting up a sugar manufacturing
 facility,
 ICL Sugars Ltd, in Mandya district of Karnataka.
 
 - India Cements Ltd. through its group companies ICL Securities Ltd
 (ICLS) and ICL Financial Services Ltd (ICLFS) had acquired about 40
 per
 cent of the paid-up capital of Aruna Sugars Finance Ltd from the
 Aruna
 Sugars and Enterprises Ltd (ASEL) for a consideration of Rs.6.08
 crores.
 
 - The Chennai-based India Cements Ltd (ICL) is set to acquire Cement
 Corporation of India's (CCI) Yerraguntla (Andhra Pradesh) unit with
 CCI
 recommending the name of the former to the Industry Ministry,
 
 - ICL has recently diversified into sugar by setting up a 2,500 tcd
 sugar factory at Mandya in Karnataka.
 
 - The cement major, India Cements Ltd (ICL), has floated a new
 venture,
 styled Coromandel Electric Company Ltd, to set up a collective
 captive
 power plant.
 
 - India Cement has emerged as a winner in the takeover race after
 Gujarat Ambuja Cements Ltd, the only other company in the race,
 backed
 out at the last stage alleging foul play in the takeover process.
 
 - India Cements Ltd (ICL) has set its sights on Raasi Cement.  It is
 preparing to mount a takeover bid, which if successful, would give
 the
 Madras-based ICL, country's second-largest cement capacity after
 ACC.
 
 - ICL signed a memorandum of understanding (MoU) with CCI on
 December
 10, and completed the takeover formalities on January 21.
 
 1998
 
 - ICL also commissioned its new 0.9 million tpa plant at Dalavoi in
 TN
 in the later part of FY97.
 
 - After the successful takeover of Raasi Cement, India Cements has
 initiated the process of merging the former with itself having
 reconstituted the entire board of Raasi.
 
 - The India Cements Ltd (ICL), with annual capacity of seven million
 tonnes per annum, has launched its premium brand `Coromandel King --
 Superior 53 Grade Cement'.
 
 1999
 
 - The India Cements share price has been rising sharply in the past
 fortnight, by about 26 per cent to close at Rs 38 on March 31.
 
 - An agreement was inked with BOBL in November last and all
 formalities
 were completed.
 
 2000
 
 
 - The Company in a bid to further reinforce its leadership position
 in
 the region, has entered into a marketing tie-up with Andhra Pradesh
 (AP)-based 0.6 million tonne Panyam Cement.
 
 - The Company has entered into an agreement with Panyam Cement and
 Mineral Industries Ltd for distribution and marketing of cement.
 
 - Cennai-based Indian Cements is learnt to have held talks, or is in
 the process of holding talks, with at least two multinational cement
 companies -- Blue Circle and Cemex -- to set up joint venture
 company.
 
 - The Cement major India Cements has launched a comprehensive portal
 on
 home-making (homztoday.com).
 
 2001
 
 - India Cements, is finalising plans to reduce its manpower strength
 by
 around 700 during the current financial year
 
 2002
 
 -Board decided to sell the 39% equity shares of Sri Vishnu Cement
 and
 has signed a Share Purchase Agreement with Zuari Cement Ltd.
 
 -company enters into an agreement with Citibank, N A.
 
 -IDBI appoints Mr J Jayaraman as the Director on the Board.
 
 -Negotiates with financial Institutions led by IDBI for its debt
 restructuring.
 
 -The Board of India Cements scraps the resolution to pay 11.5%
 preference
 dividend.
 
 -Posts a net loss of Rs.910.9 million as compared to net loss of
 Rs.192.5 million, for the same period last year.
 
 -Files a corporate debt-revamp plan to the financial institutions.
 
 2003
 
 -The Board co-opted Mr N D Pinge as the Nominee Director in place of
 Mr N Biswas
 who ceased to be the Director consequent to withdrawal of nomination
 by ICICI Bank Ltd.
 
 -It is restructuring its debt under Corporate Debt Restructuring
 Systems and the details of the restructuring package which includes
 VRS, sale of assets, restructring of debt including working capital
 facilities.  The restructuriing proposal provides for various exit
 options for secured and unsecured lenders with different yield and
 maturity.  The package is subjected to annual review based on which
 it is modified. 
 
 -Appoints Mr. M V Mohammad Meeran as the Director on the Board of the
 company.
 
 2004
 -The company through its Special Purpose vehicle M/s Coromandel
 Electric Co Ltd has commissioned a (gas based) captive power plant at
 Ramanathapuram for a capacity of 17.4 MW and the same has started
 supplying power from the month of November 2004
 2005
 -The Company has successfully completed an equity issue in the
 international market during October 2005 by issuing 25,613,796 Global
 Depositary Shares (GDSs) at USD 4.3226 per GDS, (each GDS representing
 2 underlying equity shares of Rs 10 each) and raised an amount of Rs
 497 crores including a premium of Rs 446 crores. 
 
 
 2006
 
 -India Cements signs MOU with Government of Himachalpradesh
 
 -Sri T Dulip Singh, one of the Director on the Board of the
 Directors, expired on November 19, 2006.
 
 -The Company has issued unsecured Zero Coupon Convertible Bonds due
 2011 (FCCBs) for US  Million to investors outside India at an
 initial conversion price of Rs.305.57 per share.
 
 
 2007
 
 -India Cements Ltd has coopted Mr. Ashok Shah, Zonal Manager (New
 Delhi), Life Insurance Corporation of India, in the place of Mr. P N
 Jambunathan.
 
 -India Cements Ltd has co-opted Mr. K Subramanian, representing
 Housing & Urban Development Corporation Ltd (HUDCO), as an additional
 director of the Company.
 
 -The Hon'ble High Court of Judicature at Madras vide its order dated
 25th July 2007 sanctioned the Scheme of amalgamation of Visaka Cement
 Industry Limited with The India Cements Ltd. 
 
 -The Company has converted the Sankari plant from wet process to dry
 process and commissioned the plant.
 
 -The Company has privately placed 2,07,89,000 equity shares at a
 price of Rs.285/- per share (including premium of Rs.275/- per share)
 by way of Qualified Institutional Placement in December 2007
 
 2008
 
 -The Company has revived its shipping business with the purchase of
 two ships (dry bulk carriers) with a total capacity of 79843 DWT.
 
 -The Company has successfully bid for the Chennai franchise of the
 DLF-IPL 20/20 Cricket Tournament Chennai Super Kings.
 
 -The Company has completed and commenced commercial production of one
 million tonne grinding plant at Chennai.
 
 2009
 
 -The Company has completed and commenced commercial production of one
 million tonne grinding plant at Parli (Maharashtra).
 
 -The Companys subsidiary, namely, Trishul Concrete Produts Limited
 has completed and commenced commercial production of one lakh Cu.M
 ready mix concrete Plant at Hyderabad (Andhra Pradesh). 
 
 -The II line of 1.2 MT at Malkapur was commenced operations from
 March 2009
 
 -The upgraded capacity of kiln I to 3000 TPD (1700 TPD) at
 Vishnupuram started functioning from April 2009.
    
 
 2010
 
 -The Corporate office of the company was shifted in February, 2010 to
 its own building Coromandel Towers at 93, Santhome High Road, Karpagam
 Avenue, MRC Nagar, Chennai 600 028. 
   
   
 -The Company privately placed in March, 2010 2,45,94,000 equity
 shares at a price of Rs.120.20 per share (including premium of
 Rs.110.20 per share) to Qualified Institutional Buyers.
 
 -The Companys cricket franchise Chennai Super Kings has won IPL III
 Trophy in April 2010. 
   
   
 -The Company invested 99.99% of the share capital of Coromandel
 Minerals Pte. Limited (CMPL), Singapore, making CMPL a subsidiary
 effective from 1st June 2010.
 
 -The Chilamakur plant with capacity upgraded to 4500 Tonnes per day
 started functioning from June 2010.
 
 -The Companys cricket franchise Chennai Super Kings won Champions
 League T20 tournament on 26th September 2010. 
 
 
 2011
 
 --Trinetra Cement Limited (formerly Indo Zinc Limited), the companys
 subsidiary, has commenced commercial production of its 1.5 million
 tonnes cement plant in Banswara District, Rajasthan, in January 2011.
  
   
   
 -IS/ISO 9001:2008 Certification for Dalavoi Plant in February 2011. 
 
 -The Company redeemed fully all the outstanding Foreign Currency
 Convertible Bonds for US$ 75 Million on 12th May 2011, the scheduled
 date. 
 
 -The Companys cricket franchise Chennai Super Kings won IPL IV
 Trophy on 28th May 2011.
 
 -The Birth Centenary of Sri.T.S.Narayanaswami, one of the Founders of
 the Company, was celebrated on 11th November, 2011.
 
 -IS/ISO 9001:2008 Certification for Sankari Plant in November 2011.
 
 
 2012
 
 --The 48 MW Captive Power Plant at Sankarnagar was commissioned in
 January 2012.
 
 -IS/ISO 9001:2008 Certification for Yerraguntla Plant in April 2012.
 
 
 -The Company had acquired its third bulk carrier of 52489 DWT in
 August 2012. 
 
 -Commemorative Postage Stamp on the Birth Centenary of
 Sri.T.S.Narayanaswami, one of the Founders of the Company, was
 released on 11th November, 2012. 
   
 2013
 
 - Arrival of the first shipment of 41,960 metric tonnes of Coal from
 own mines in Indonesia
 
 - The Company appoints Mr. Basavaraju as a Director of the Company.
 
 - The Company has recommended a dividend of Rs. 2/- per equity share
 of Rs. 10/- each to its shareholders
 
 - The appointment of Mr. G M Yadwadkar as Nominee Director of IDBI
 Bank Limited on the Companys Board.
 
  2014
 
 - The Board of Directors of the Company approved a scheme of
 amalgamation of Trinetra Cement Limited, a listed company and Trishul
 Concrete Products Limited, an unlisted company,  
 
 - The appointment of Mr. Nagraj Garla as Nominee Director of IDBI
 Bank Limited on the Companys Board.
 
 2016
 -India Cements introduces new cement variant
 
 
 
 
 
स्रोत: रेलीगरे टेचनोवा

न्यूज़ फ़्लैश

  • MARKET CUES : FIIs ने कैश में `1008 Cr की बिकवाली की
  • MARKET CUES : DIIs ने कैश में `538 Cr की खरीदारी की
  • MARKET CUES : FIIs ने F&O में `379 Cr की खरीदारी की
  • MARKET CUES : इंडेक्स फ्यूचर्स में `656 Cr की बिकवाली की
  • MARKET CUES : इंडेक्स ऑप्शंस में `1075 Cr की खरीदारी की
  • MARKET CUES : स्टॉक फ्यूचर्स में `36 Cr की बिकवाली की
  • MS ON BPCL : Overweight रेटिंग, लक्ष्य `571/Sh
  • CS ON AARTI IND : Outperform रेटिंग, लक्ष्य `980/Sh
  • CS ON APOLLO HOSP : लक्ष्य `1,300 से बढ़ाकर `1,600/Sh
  • NOMURA ON ESSAR CASE : बैंकों की अब 90% तक रकम की रिकवरी संभव

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