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नाहर इंटरनैशनल > कंपनी इतिहास > Textiles - Cotton Blended > कंपनी इतिहास का नाहर इंटरनैशनल - बीएसई: 504888, NSE: NAHARINTL

नाहर इंटरनैशनल

बीएसई: 504888  |  NSE: NAHARINTL  |  ISIN: INE360A01010  |  Textiles - Cotton Blended

कंपनी इतिहास - नाहर इंटरनैशनल
YEAR                       EVENTS
 1970 - The company was incorporated on 27th June, at Jallandar in
        Punjab and Certificate of Commencement of Business was
 obtained 
        in 29th July.  The company was promoted by Punjab State
        Industrial Development Corporation Ltd. and on 2nd April,
 1973,
        Oswal Woollen Mills Ltd., was taken in as the co-promoter in
 the
        project.  The main objects of the company is to manufacture
 mild
        high tensile and spring steel ingots billets by continuous
        casting process.
 
      - The Company was licensed to manufacture 50,000 tonnes of
 steel
        billets at Ludhiana.  The Company had put up two 10/12 tonnes
        electric arc furnaces to manufacture 44,000 tonnes of mild,
 high
        tensile and spring steel ingots/billets per annum.
 
      - 3,10,000 shares allotted to PSIDC and 2,90,000 shares allotted
 to
        Oswal Woollen Mills, Ltd. and its nominees.
 
 1973 - The First furnace was commissioned on 19th December.
 
 1976 - A rolling mill was installed in October.  During Nov.-Dec.
 1975,
        5,80,000 shares were offered at par for public subscription.
 
 1978 - One annealing unit was commissioned during the year.
 
 1979 - The C.I. Foundry was commissioned during the year.
 
 1981 - Effective steps were being taken for the installation of a
        secondary steel refining plant.
 
 1982 - The captive oxygen plant and the billet grinder were
        commissioned.  Almost all the items for the secondary steel
        refining plant were received and were under erection.  Due to
        various reasons, the plant could not be commissioned.
 
 1984 - It was decided to instal a latest generation continuous
 casting
        plant.  Detailed technical discussions were conducted with
        Con-Cast AG of Switzerland.
 
 1985 - The Company postponed the installation of a continuous
 casting
        plant for want of funds and instead went ahead with the
        installation of balancing equipment to increase production of
        alloy steels.
 
 1988 - The Company undertook a scheme to put up 6/11 meter radius
 two
        stand continuous casting machine.  It was commissioned during
        1990-91.
 
      - Letters of Intent were received for pig iron and sponge iron
 with
        annual capacity of 5,00,000 TPA and 3,00,000 TPA
 respectively.
 
 1989 - The company along with some other companies under took to
 promote
        two companies i.e. M/s. Oswal Foods Ltd., and M/s Manipur
        Vanaspati and Allied Industries Ltd. Oswal Food Ltd., put up
 a
        100 TPD Vanaspati manufacturing plant & Manipur Vanaspati and
        Allied Industries Ltd., was to put up a 50 TPD Vanaspati
        Manufacturing plant at Imphal and Manipur.
 
      - The Company along with some other companies undertook to
 promote
        two companies viz., Oswal Foods Ltd. (OFL) and Manipur
 Vanaspati
        and Allied Industries Ltd. (MVAL).  OFL was to put up a 100
 TPD
        Vanaspati manufacturing plant at Khalilabad (U.P.) while MVAL
 was
        to put up a 50 TPD vanaspati manufacturing plant at
        Imphal-Manipur.  OFL was commissioned during the year.
 
 1990 - The company diversified into the spinning industry by
 installing
        at ultra modern spinning mill of 25,000 spindles for the
        manufacture of cotton/synthetic yarn.  A part of the spinning
        plant was commissioned during August/September 1993.
 
      - The Company also proposed to expand the capacity of the
 spinning
        plant from 24,000 spindles to 37,896 spindles.
 
 1991 - The Company alongwith some other companies, undertook to
 promote
        one more company.  Oswal Sugars Ltd. (OSL).  OSL was setting
 up
        2500 TCD sugar manufacturing plant at Mukerian.
 
      - 11,77,800 bonus shares issued in propn. 1:1.
 
 1992 - The Company proposed to modernise existing steel plant by
 putting
        up a new Ultra high power electric arc furnace of 30/35 tonne
        capacity with suitable secondary refining facilities,
 continuous
        casting machine and revamping off the existing rolling mills.
 
      - The Company, along with some other companies, promoted `Nahar
        Overseas Ltd.' an overseas company for promoting exports to
        European Common Market and other countries.
 
      - During February, the Company issued 5,88,900-12% fully
        convertible debentures of Rs 160 each to equity shareholders
 on
        rights basis in the proportion 25 debentures: 100 shares
 held.
        Additional 71,100 debentures were allotted to retain over
        subscription.
 
      - Another 30,995 - 12% fully convertible debentures of Rs 60
 each
        were offered to the employees.  Additional 4,580 debentures
 were
        allotted to retain over-subscription.
 
      - Simultaneously, the Company also offered 12,55,105-12% fully
        convertible debentures through a prospectus of which 62,755
        debentures were reserved for preferential allotment to
 employees,
        etc. of the Company.  The remaining 11,92,350 debentures were
        offered to the public.  Additional 1,88,245 debentures were
        allotted to retain oversubscription (1,78,850 debentures to
 the
        public and 9,395 debentures to the employees).
 
      - Each debenture was to be converted into two equity shares of
 Rs
        10 each at a premium of Rs 70 per share at the end of six
 months
        from the date of allotment of debentures.
 
      - 42,77,850 Shares allotted on conversion of fully convertible
        debentures.
 
 1993 - 32,900 shares kept in abeyance was allotted.
 
 1994 - During March/April, the Company offered Right and Public issue
 of
        66,66,450 - 12% Fully Convertible debentures (FCD) of Rs 120
 each
        in the ratio of IFCD: 1 equity share and 19,66,775 - 12%
 fully
        convertible debentures of Rs 120 each respectively.
 
      - Out of the public issue 4,72,000 debentures reserved for NRIs
        (all were taken up), 3,93,000 debentures to Indian Mutual
 Funds,
        1,96,000 debentures to the shareholders of group companies,
        1,25,000 debentures to employees and the remaining 7,80,775
        debentures to public.  All the debentures were taken up by
 public
        including unsubscribed portion of other categories.  All the
        debentures offered on Rights basis were taken up.  100
 debentures
        were kept in abeyance.
 
      - Part `A' of Rs 60 was to be converted into one equity share of
 Rs
        10 each at a premium of Rs 50 per share on allotment.  Part
 `B'
        of Rs 60 was to be converted into equity share of Rs 10 each
 at a
        premium of Rs 50 per share on the expiry of 12 months from
 the
        date of allotment.
 
      - The Company issued 1,04,000-12% non-Convertible debentures
 (NCD)
        of Rs 500 each for cash at par with 50 detachable warrants
        attached to each NCD to the promoters and their associates on
        private placement basis.
 
      - Out of 50 detachable warrants, 29 warrants was entitled to
 apply
        and be allotted 20 equity shares of Rs 10 each at a premium
 of
        Rs 50 per share and balance 21 warrants to apply and be
 allotted
        21 equity shares of Rs 10 each at a premium of Rs 70 per
 share,
        within 18 months from date of allotment of NCDs.  The NCDs was
 to
        be redeemed at the end of 6th, 7th and 8th years from the date
 of
        allotment in instalments of Rs 175, Rs 175 and Rs 150
        respectively.
 
      - Name of the Company was changed from Punjab Con-cast Steels
 Ltd.
        to Nahar International Ltd. with effect from October.
 
 1995 - The trading division started import of vegetable oils and
 sold
        the same in the domestic market which added to the turnover
 as
        well as to the profitability.
 
      - The Company proposed to set up a 100% EOU spinning unit for
        manufacture of cotton/blended yarn with a capacity of 25,000
        spindles at Punjab.
 
      - The Company also proposed to set up a Forging Unit with an
        installed capacity of 14,400 tonnes per annum adjacent to
        existing steel plant at Ludhiana.
 
 1996 - In steel division production decreased due to recessionary
        conditions.  The margins were affected due to increase in
 input
        cost.
 
      - 172,66,250 shares allotted on conversion of 12% FCDs. 
 52,00,000
        shares allotted against warrants attached to 12% NCDs.
 
 1997 - The steel division faced another difficult year due to low
        capacity utilisation and increased costs.
 
 2004
 
 -Delists equity shares from Jaipur Stock Exchange (JSE) w. e. f.
 August 17, 2004
 
 - Delists equity shares from Delhi Stock Exchange (JSE) w. e. f.
 September 2, 2004
स्रोत: रेलीगरे टेचनोवा

न्यूज़ फ़्लैश

  • BREAKING NEWS RED : हरियाणा में शाम 6 बजे तक 62.14% मतदान
  • BREAKING NEWS RED : महाराष्ट्र में शाम 6 बजे तक 55.58% मतदान
  • BREAKING NEWS RED : थोड़ी देर में सबसे सटीक एग्जिट पोल
  • ELECTION FLASH : हरियाणा में BJP का क्लीन स्वीप
  • ELECTION FLASH : हरियाणा:BJP को तीन चौथाई सीट मिलने की उम्मीद
  • ELECTION FLASH : हरियाणा: BJP-75 सीट, कांग्रेस-10 सीट
  • ELECTION FLASH : हरियाणा: INLD-0, अकाली दल-1 सीट
  • ELECTION FLASH : हरियाणा: JJP-2 सीट, अन्य-2 सीट
  • ELECTION FLASH : महाराष्ट्र: BJP-सेना गठबंधन की जबरदस्त जीत
  • ELECTION FLASH : BJP-शिवसेना को 243 सीटें मिलने की उम्मीद

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