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आईपी रिंग्स > कंपनी इतिहास > Auto Ancillaries > कंपनी इतिहास का आईपी रिंग्स - बीएसई: 523638, NSE: IPRINGLTD

आईपी रिंग्स

बीएसई: 523638  |  NSE: IPRINGLTD  |  ISIN: INE558A01019  |  Auto Ancillaries

कंपनी इतिहास - आईपी रिंग्स
YEAR                       EVENTS
 1990 - 350 No. of equity shares of Rs 10 each subscribed by the
        signatories to the Memorandum & Articles of Association.
        5,00,000 No. of equity shares of Rs 10 each allotted to
 resident,
        directors, friends and relatives.  37,99,650 No. of equity
 shares
        of Rs 10 each allotted to other promoter companies. 
 30,24,947
        No. of equity shares of Rs 10 each at par allotted to Indian
        public through public issue.
 
 1991 - IP Rings Limited, was incorporated as a public limited company
 on
        January 30th.  The company has been promoted by India Pistons
        Limited, alongwith other group companies of the Amalgamation
        Group. 
 
      - I P Rings Limited belongs to the Amalgamation Group, one of
 the
        largest light engineering groups in India.
 
      - The Company is setting up a plant for manufacture of 20 lac
 nos.
        piston rings per annum including steel piston rings at
 Maraimalai
        Nagar, Chengai, MGR District, Tamilnadu.
 
 1992 - The company was incorporated on 30th January 1991 and the
        Directors decided to close the accounts for the first time
        covering the operations upto 31st March, 1992.
 
      - The company has also entered into a Consultancy Agreement
 with
        India Pistons Ltd., who are pioneers in the field of Piston
 Ring
        manufacture in the country.
 
      - The Public Issue of the Company's 2200000 Equity shares,
 which
        includes 1705000 Equity shares to the Indian Public has been
 an
        overwhelming success.
 
 1993 - The Directors have entered into new agreements with the
        collaborators, Nippon Piston Ring Co Ltd, Japan, covering 
 latest 
        technologies in surface treatment of rings.
 
 1994 - The company has set up complimentary production facilities
        involving additional outlay towards sophisticated technologies
 in
        surface treatment of rings.
 
      - Plasma Spraying technology which is the state of the art
 process
        for thermal spraying for Diesel piston rings has been
 installed.
 
      - The Company also intoroduced the technology of Chrome Plating
 of
        Inner Dia of Oil rings and sides of compression rings.
 
 1995 - The Company has successfully implemented the project for
        manufacturing Niffex-S type Three Piece Oil Rings in
        collaboration with nippon Piston Ring Co. Ltd., Japan.
 
      - The Company has issued 352100 No. of equity shares of Rs 10
 each
        at a price of Rs 157 per share to its technical
 collaboration,
        M/s. Nippon Piston Ring Co. Ltd.
 
      - The Company also has issued 365100 convertible warrants on
        preferential basis to promoter companies.  Each warrant is to
 be
        converted into equity share, at a price of Rs 157 per share,
        within a period of 18 months from the date of allotment.
 
      - During the year, the Company successfully Commissioned the
 new
        Gas Nitriding facility which has enabled the company to
 increase
        its capacity from 20 lakh rings to 30 lakh rings per annum
 and
        also added to its capability to meet the requirements of
 modern
        Passenger Cars.
 
      - During the year, your Company entered into a new
 Collaboration
        Agreement with M/s. Nippon Piston Ring Co. Ltd., Japan for
 the
        manufacture of Nifflex-S three piece Oil Ring.
 
 1996 - The Company has obtained ISO 9002 accreditation from TUV CERT
        Certification body during the year.
 
      - The company has added an automatic chromium plating plant
 with
        special emphasis on productivity, quality and environmental
        requirements.  The promoters exercised their right to convert
 the
        warrants into equity shares.
 
      - 3,52,100 shares issued on preferential basis at a premium of
 Rs
        157 to Nippon Piston Ring Co. Ltd., Japan.
 
      - The Company has also issued 3,65,100 Convertible Warrants on
        Preferential basis to the Promoter Companies, viz., India
 Pistons
        Ltd., Tractors & Farm Equipment Ltd., Simpson & Company Ltd
 and
        Amalgamations Ltd. with an entitlement of 1 Equity Share of
 Rs.
        10 each for every warrant to be converted at Rs. 157 per share
 as
        per the guidelines of the Securities and Exchange Board of
 India. 
 
 1997 - IP Rings Ltd. part of the Amalgamations group, proposed to
        invest Rs.13 crores in capacity expansion this year.
 
      - New products would be introduced so as to cater to more types
        of vehicles, including two-wheelers.
 
      - The company has a Japanese collaboration and would therefore
 be
        able to compliment its collaborator's marketing efforts.
 
      - IP Rings, has a negligible exposure to the international
 market,
        is now actively exploring the South East Asian, Korean and
        Japanese markets along with its collaborator Nippon Piston
 Ring
        (NPR), Japan.
 
 1998 - IP Rings Ltd, part of the Amalgamations Group, is looking to
        introduce new models, and is setting up new facilities for
        production of rings for two-wheelers, a segment, which in
 spite
        of the recession, has maintained its growth.
 
 1999 - IP Rings is a member of the Chennai-based Amalgamations
 group.
 
      - The Chennai-headquartered IP Rings Ltd (IPR) from the stable
 of
        Amalgamations, the conservative South India conglomerate, has
        suddenly caught the fancy of investors.
 
 2000 - The Company, a part of Amalgamations group and a leading
              manufacturer of piston rings, has obtained QS 9000
 certification
              from RWTUV of Germany.
 
 2003
 
 -The Company approved a capital expenditure programme of Rs 150
 million to expand the facilities to meet the growing demand for auto
 components.
 
 2008
 
 -Company has designated an exclusive e-mail ID for redressal of
 Investors Grievances.
 
 The e-mail address is investor@iprings.com
 
 2010
 
 -The Company has  informed that Mr. A. Venkataramani has been
 appointed as the Managing Director.
 
 2011
 
 -Mr. N Venkataramani has been appointed as Chairman (Non Executive
 Director) of the Company
 
 2012
 
 -I P Rings Ltd has won est Kaizen Award from Ashok Leyland.
 
 -Board has recommended a Dividend of Re. 1/- per share (10%).
 
 2013
 
 -Dr. N. Gowrishankar has been appointed as a Non-Executive Director
 of the company.
 
स्रोत: रेलीगरे टेचनोवा

न्यूज़ फ़्लैश

  • MARKET CUES : FIIs ने कैश में `116 Cr की खरीदारी की
  • MARKET CUES : DIIs ने कैश में `385 Cr की खरीदारी की
  • MARKET CUES : FIIs ने F&O में `1481 Cr की खरीदारी की
  • MARKET CUES : इंडेक्स फ्यूचर्स में `1044 Cr की खरादारी
  • MARKET CUES : इंडेक्स ऑप्शंस में `174 Cr की खरीदारी
  • MARKET CUES : स्टॉक फ्यूचर्स में `261 Cr की खरीदारी
  • MOODY'S ON INDIA : FY20 के लिए GDP ग्रोथ अनुमान घटाकर 4.9% किया
  • MOODY'S ON INDIA : GDP ग्रोथ अनुमान 5.8% से घटाकर 4.9% किया
  • MOODY'S ON INDIA : घरेलू मांग में कमी से इकोनॉमी पर दबाव
  • MOODY'S ON INDIA : घरेलू मांग बढ़ाने पर कदम उठा सकती है सरकार

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