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इंडियन चार्ज क्रोम > कंपनी इतिहास > Mining & Minerals > कंपनी इतिहास का इंडियन चार्ज क्रोम - बीएसई: 513235, NSE: N.A

इंडियन चार्ज क्रोम

बीएसई: 513235  |  NSE: N.A  |  ISIN: INE801B01011  |  Mining & Minerals

कंपनी इतिहास - इंडियन चार्ज क्रोम
YEAR                       EVENTS
 1982 - The company was incorporated on 28th Dec. at Bhubaneswar and
 it
        obtained the Certificate of Commencement of Business on 30th
        December.  The Company was promoted by Indian Metals and
 Ferro
        Alloys, Ltd., (IMFA).  The company manufactures high carbon
 ferro
        chrome/charge chrome.
 
      - The company undertook to set up a 100% export oriented unit
 to
        manufacture 50,000 TPA. of high carbon ferro chrome.
 
      - The company is in collaboration with M/s Elkem A/s Norway. 
 Also,
        the company entered into an agreement with a consortium of
        Swedish firms viz, ABB Steel, Gotaverkar Energy AB for supply
 of
        equipment, erection of plants and training for the company's
        personnel.
 
 1988 - 2,40,031 No. of equity shares taken up by promoters,
 directors,
        etc. 4,57,49,969 No. of equity shares were then issued at, out
 of
        which 1,84,49,969 shares were reserved and allotted
 (87,00,000
        shares without payment in cash) to Indian Metal & Ferro
 Alloys,
        Ltd.
 
      - Another 65,00,000 shares were reserved for allotment to Elkam
        A/s. Norway but only 50,94,042 shares were taken up.  Out of
 the
        remaining 2,08,00,000 shares, the following shares were
 reserved
        for preferential allotment: (i) 83,20,000 shares to NRIs on
        repatriation basis (only 56,91,067 shares taken up) and
 23,00,000
        shares to employees etc. of the Company and those of promoter
        company (only 85,700 shares taken up).  The balance
 1,01,80,000
        shares, along with unsubscribed portion of 62,51,191 shares
 out
        of the collaborators, NRIs and employees quota were offered
 for
        public subscription during July 1988.  Additional 5,44,542
 shares
        were allotted to the public to retain oversubscription.
 
 1991 - 116,33,638 right equity shares allotted in prop. 1:4.
 
 1994 - The charge chrome operation remained adversely affected due
 to
        the stoppage of supply of raw materials by TISCO which
 resulted
        in closure of plant on 25th February.
 
      - The Company entered into a conversion agreement with a third
        party through Indian metals and Ferro Alloys Ltd. under which
 the
        party would provide raw material to the promoter company for
        conversion, which sub-contracted the agreement to the company
 on
        identical terms.  The plant was restarted in March 1995 as a
        result of the said agreement.
 
      - The Company acquired a mining area on loans from the
 Government.
 
      - With a view to enhancing power generation to the minimum
        guarantee level the company proposed to install an additional
        boiler.  Efforts were in progress to obtain financial
 assistance
        for the said project.
 
 1996 - Operations were adversely affected due to non renewal by
        international agents.  In addition heavy expenses incurred due
 to
        furbine overhauling of power plant and hike in coal prices
 added
        to the problem.  The Company entered into a fresh conversion
        arrangements from charge chrome at a lower rate.
 
      - Labour unrest led to lock out in the mining operation.  After
 a
        legal battle, the company got permission for mining lease of
        chrome mines.  This would enable cost effectness and also the
        company would not depend on conversions agents.
 
 2003 - Delisting of shares from Delhi, Madras, Calcutta, Bhubaneswar
 and Ahmedabad Stock Exchanges.
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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