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निरलॉन > कंपनी इतिहास > Textiles - Manmade > कंपनी इतिहास का निरलॉन - बीएसई: 500307, NSE: NIRLON

निरलॉन

बीएसई: 500307  |  NSE: NIRLON  |  ISIN: INE910A01012  |  Textiles - Manmade

कंपनी इतिहास - निरलॉन
YEAR                       EVENTS
 1958 - The Company was Incorporated on 12th March, at Mumbai as a 
        private limited company under the name Nanubhai Industries
 Pvt.
        Ltd.  The name of the company was changed to Nirlon
 Synthetics
        Fibres and Chemicals Pvt. Ltd., on 10th October, 1962.  It was
 
        converted into a public limited company on 13th March, 1963. 
 The
        company's nylon textile yarn plant went into production in
        December 1982.
 
      - The Company's object is to manufacture nylon (textile)
 filament
        yarn, polyester filament yarn, nylon tyrecord, nylon tyre
 fabrics
        conveyor belts and fan and V-belts.
 
 1964 - 500 shares issued in 1959 without payment in cash.  50,000
 shares
        issued at par.  (25,000 shares taken up by financial
        institutions).
 
 1967 - 21,000 bonus equity shares issued in prop. 1:10.
 
 1976 - Shares subdivided in March.  7,90,000 shares offered to the
        public (prem. Rs.22.50 per share) in May.  38,75,000 bonus
 shares
        issued in March 1977 in prop. 5:4.
 
 1978 - The Company entered into a technical collaboration agreement
 with
        BTR Belting Ltd., U.K. for the purchase of know-how for the
        manufacture of synthetic fabric reinforced conveyor belting,
        such as nylon and polyester.
 
 1979 - 11% debentures of Rs.250 lakhs were issued to augment the
 long
        term resources for working capital.  The rate of interest was
        increased to 12% with effect from 1st October, 1982.
 
 1981 - Steps were taken to increase the conversion capacity of nylon
        tyre yarn into nylon tyre fabric from 1,860 tonnes to 4,250 
        tonnes per annum.
 
      - A letter of intent was received for the expansion of the
 conveyor 
        belting production at Roha plant from 1,200 tonnes to 4,000 
        tonnes per annum.
 
      - The expanded capacity would be in the width of above 1,600 as
 and
        would consist of 
 
      - (i) Synthetic fabric reinforced conveyor beltings - 1,800
 tonnes
        per annum and
 
      - (ii) Steelcord reinforced conveyor beltings - 1,000 tonnes
 per
        annum.
 
      - Steps were taken to implement the conversion capacity of
 nylon
        tyre yarn into nylon tyre yarn fabric at 4,000 tonnes per
 annum
        at a new location at Tarapur in Maharashtra state.
 
      - 34,87,500 bonus equity shares in prop. 1:2.
 
 1983 - The letter of intent for this project was converted into an
        industrial licence.
 
      - Approval from Govt. was obtained for technical collaboration
 with
        M/s. Zimmer AG of West Germany for the expansion of nylon
 tyre
        cord.
 
      - The Company made a rights issue of 15% secured
 non-convertible
        debentures for Rs.650 lakhs which was fully subscribed.  The
        allotment was made on 23rd April.
 
      - The Company issued by private placement 4,00,000 - 15%
 secured
        redeemable non-convertible debentures of Rs.100 each to Army 
        Group Insurance Fund.  These debentures are redeemable in one
        instalment on the expiry of 7 years from the date of
 allotment
        at a premium of 5%.  The proceeds were to be utilised to meet
 a
        part of the cost of substantial expansion of nylon tyrecord
        yarn/fabric capacity.
 
 1984 - The output of the conveyor belt and V-belt plant at Roha was
        satisfactory except for a brief loss of production for about
        two months due to go slow by the workers.
 
      - The letter of intent for expanding the nylon filament yarn
        capacity to 6,000 tonnes per annum was converted into an 
        industrial licence.  Application had been submitted to Govt.
 for
        expanding the nylon yarn capacity by 12,000 tonnes per annum.
        A separate plant was to be set up for this purpose in a
 backward
        area in Maharashtra.  Letter of intent was received for 
        increasing the polyester filament yarn capacity from 2,655
 tonnes 
        to 3,500 tonnes per annum.
 
      - A letter of intent was also received for the manufacture of
 2,000
        tonnes per annum of polyester industrial yarn which it
 proposed
        to implement at its Roha plant.
 
      - As a measure of diversification, it was proposed to
 manufacture
        100 MT per annum of high performance carbon fibres.  A letter
 of 
        intent was received for this project.
 
      - Arrangement for resources were being finalised.  The project
 was
        likely to be delayed due to development of some problems in
 the
        company's land at Panoli in the Bharuch district of Gujarat.
 
      - The Company also proposed to implement a steelcord reinforced
        conveyor belt project in collaboration with Clouth Gummiwerke
 AG
        of West Germany.  A separate company Clouth-Nirlon Ltd., had
 been
        incorporated to implement this project in which Clouth
 Gummiwerke
        would have 40% equity participation and would provide the
 latest
        technology.  On receipt of necessary sanctions, work on the 
        project was started.
 
      - The company issued 22,50,000 - 15% secured non-convertible 
        debentures of Rs.100 each.  These debentures are redeemable at
 a 
        prem. of 5% at the end of the 7th year from the date of
 allotment
        in case of debentures issued under the non-cumulative
 interest
        scheme, falling due on 26th June, 1992.  Debentures issued
 under
        the cumulative interest scheme are redeemable at a prem. of 5%
 in
        3 yearly instalments of Rs.35 each commencing at the end of
 the
        7th year from the date of allotment the redemption prem.
 being
        paid in the first instalment.
 
 1985 - The sales turnover, however, declined to Rs.173 crores due to
 a
        steep fall in yarn prices, large imports of polyester yarn
 with
        reduced import duty and a glaring distortion in price 
        relationship between blended spun yarns and synthetic filament
 
        yarn.
 
      - A letter of intent was received for the manufacture of 15,000
        tonnes per annum of polyester filament yarn at Paithan, a 
        backward area in the Aurangabad district of Maharashtra.
 
      - A letter of intent was received for effecting substantial 
        expansion of capacity of fans and V-belts from 12 lakhs nos.
 to
        50 lakh nos. per annum in the Raigad district of Maharashtra.
 
      - An application was made for broad banding of capacities of
        nylon/polyester filament yarn and nylon tyre in keeping with
        Govt. directive to broad band the capacities of the synthetic
        yarn industry.
 
      - The Company reassessed the product's potential and decided to
        implement the letter of intent depending upon the
 marketability
        of the product.
 
      - With a view to diversify further, a joint sector project with
        Gujarat Industrial Investment Corporation was being
 implemented
        through Gujarat Tyres Ltd., for the manufacture of 5,00,000
        tyres/tubes per annum in the first phase in Bharuch district
 of
        Gujarat.  
 
      - The Company approached the controller of capital issues, for 
        issue of share capital in the new company and if approved, it
        proposed to reserve a part of the said issue for preferential
        allotment to shareholders of the company.
 
      - The Company also signed an agreement with Karnataka State 
        Industrial Investment Corporation Ltd. for setting up a plant
 in
        the joint sector for the manufacture of 6,000 tonnes of
 Nylon-6
        yarn per annum.
 
      - The Company sought to diversify into the manufacture of
 1,00,000
        tonnes of propylene, 1,00,000 tonnes of butadiene and
 1,60,000
        tonnes of polypropylene annually.
 
      - Nirlon Investments Ltd., Filament Finance and Investment Ltd.,
 
        Mentor Investments Ltd., Nestor Investments Ltd., Cassandra
        Investments Ltd., and Nirester Finance and Investment Co. Ltd.
 
        are subsidiaries of the company.
 
      - The Company privately placed with UTI an additional 15%
 secured,
        non-convertible debentures of Rs.100 each for Rs.250 lakhs.
 
      - The Company issued 26,49,825 - 13.5% secured convertible 
        debentures of Rs.100 each on rights basis mainly due to the
        shareholders and employees of the company.  These debentures
 were
        allotted on 18th June 1986.  The Convertible portion of Rs.30
        per debenture was converted into 2 equity shares of the
 company
        at a prem. of Rs.5 per share on 18th December, 1986 and
 52,99,650
        No. of equity shares were allotted on this count.  The 
        non-convertible portion of Rs.70 per debenture will be
 redeemed
        in four equal instalments on the expiry of the 7th, 8th, 9th
 and
        10th year from the date of allotment.
 
 1986 - Government's approval was received for the application and
 the
        licensed capacity for synthetic filament yarn including
 yarn/tyre
        cord as increased to 13,655 tonnes per annum.
 
      - The Company made a reference to BIFR as required under the
 Sick
        Industrial Companies (Sp. Provisions) Act. 1985.  
 
      - 52,99,650 No. of equity shares allotted (prem. Rs.5 per share)
 in
        part conversion of debentures.
 
 1987 - IDBI was appointed as the lead operating agency and it
 undertook
        to prepare the rehabilitation package. 
 
 1990 - The BIFR had published the proposed rehabilitation scheme and
 it
        was hoped that it would be implemented in the near future.
 
 1991 - Production of textile division declined by 14.62% due to cut
 in
        nylon production.
 
      - EX-MDS has submitted a revival scheme which was under 
        consideration of IDBI (the operating agency)/BIFR.  The
 Appellate
        Authority for industrial and Financial Reconstruction
 directed
        the BIFR to first examine the rehabilitation scheme of the
 EX-MDS
        and if this scheme was not found viable, then the proposals
 of
        outsiders would be considered.
 
 1992 - The revival scheme was under consideration of IDBI and BIFR.
        Meanwhile, Government of Maharashtra had extended the
 protection
        to the company as a Relief Undertaking under the provision of
 
        the Mumbai Relief Undertaking (Sp.) Act, 1958, for a further
        period of 12 months from July 21, 1993.
 
 1993
 
 -Rehabilitation Scheme sanctioned and implementation begins.  
 
 1999
 
 -Offers its idle/surplus factory premises for licence at its Goregaon
 complex to leading Corporates. 
 
 2000
 
 -Forms a Joint Venture company for its Conveyor Belting Division with
 its manufacturing 
 facility at Roha with a large, integrated, global player in belting
 production.  
 
 -Retains 26% of JV Equity
 
 2003
 
 -Factory Building areas of approx. 1,75,000 sq.ft. licensed at the
 Goregaon complex. 
 
 -Completes repayment of Secured loans & Public Debentures as per  the
 Rehabilitation Scheme
 
 2004
 
 -Phase out of manufacturing at Goregaon.  
 
 2005
 
 -Additional building area of approximately 150,000 sq.ft. licensed at
 Goregaon.  
 
 2006
 
 -Achieves profit after depreciation and substantially completes
 implementation of the Rehabilitation Scheme.
 
 -Deregistered from BIFR and is no longer a sick unit.
 
 -Planning and design for an Information Technology (IT) Park of 23
 acres, i.e. Nirlon Knowledge  
 Park (NKP) commences at Goregaon, Mumbai, at the company's erstwhile
 factory location.  
 
 2007
 
 -Construction of Phase-I of NKP commences.  
 
 2008
 
 -Construction of Phase-II of NKP commences.  
 
 2009
 
 -NKP Phase-I is completed and substantially licensed to leading
 multinationals and corporates.  
 
 -Nirlon diversifies its 26% stake in its Conveyor Belt joint venture
 company with a substantial gain.
 
 2010
 
 -Wins Smart Living Awards for 
 
 -i. Best Safest Project.
 
 -ii. Best Corporate Spaces - SEZ's & IT Parks.
 
 -iii. Best Green Project - Commercial.
 
 2011
 
 -Construction of Phase-III of NKP commences.  
 
 -NKP Phases I & II are fully licensed.
 
 -Completes a preferential issue of fresh equity for expansion and
 development of NKP.  
 
 2012
 
 -Construction of NKP Phase-IV begins
 
 -Nirlon - Nirlon wins Prestigious International Property Award.
 
 2013
 - Nirlon Wins Worldwide Achievers Real Estate Award 2013
 
 2014
 -  Board recommended a Dividend of Rs. 0.75 paise per equity share
 (@7.5% on the face value of Rs. 10/- each ).
 - Declares a dividend for the first time since 1985.
 
 2015
 -Singapore's sovereign wealth fund GIC has raised its holding in
 public listed Mumbai IT park firm Nirlon Ltd to 63.92 per cent by
 acquiring more shares in the open offer for Rs 568.32 crore (
 million).
 
 2016
 -Development of NKP Phase-5 begins
 
 
 
 
 
 
 
स्रोत: रेलीगरे टेचनोवा

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