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एनएसएल > कंपनी इतिहास > Steel - CR & HR Strips > कंपनी इतिहास का एनएसएल - बीएसई: 504778, NSE: NSL

एनएसएल

बीएसई: 504778  |  NSE: NSL  |  ISIN:  |  Steel - CR & HR Strips

कंपनी इतिहास - एनएसएल
YEAR                       EVENTS
 1974 - The Company was incorporated on 29th July, at Hyderabad.  The
        Company was promoted by Andhra Pradesh Industrial Development
        Corporation Ltd., and K.V.K. Raju.  It manufactures cold
 rolled
        steel strips.  The range of products including mild steel and
        medium carbon steel.
 
      - The Company undertook a project to set up an export oriented
 shoe
        upper/shoe manufacturing unit at Cherlapalli near Hyderabad.
 
      - 3,67,700 shares taken up by promoters, directors, etc. 
 3,67,300
        shares allotted to APIDC.
 
 1977 - In July, 23,000 Pref. and 7,35,000 No. of Equity shares
 offered
        at par; 14,700 shares reserved for allotment to APIDC and the
        balance offered to the public.
 
 1978 - 100 Pref. and 40,050 No. of Equity shares forfeited.
 
 1979 - The Company received permission to manufacture 5,000 tonnes
 per
        annum of cold formed metal profiles.
 
 1981 - 4,29,225 Right Equity shares issued at par in prop. 3:10 in
        April.
 
 1982 - In February, the Company offered 1,25,000-13.5% convertible
        debentures of Rs 100 each as rights to the equity shareholders
 in
        the proportion 13:200.  The holder of each debenture was
 allotted
        3 fully paid equity shares of Rs 10 each at par and the face
        value of each debenture then stood reduced to Rs 70.  This
        amount was to be repaid in three instalments of Rs 25, Rs 25
 and
        Rs 20 at the end of the 7th, 8th and 9th year from the date
 of
        allotment.
 
 1982-84 - The Company issued by private placement 1,50,000-13.5%
 secured
        convertible debentures of Rs 250 each for an aggregate value
 of
        Rs 375 lakhs.  As per the terms of the issue, the holder of
 each
        debentures was allotted three equity shares, of Rs 10 each at
 par
        on 1.8.1983 out of the interest accrued on each of these
        debenture upto 31st July, 1984.  A further three equity shares
 of
        Rs 10 each at par were allotted on 1.8.1985 out of interest
        accrued upto 31.7.1985 in respect of each debenture.
 
 1983 - 6,15,000 No. of Equity shares issued at par in conversion of
        debentures.
 
 1984 - 4,45,229 No. of Equity shares allotted on 1.8.1984 in lieu of
        interest accrued upto 31.7.1984 on convertible debentures.
 
 1985 - A letter of intent was received for the manufacture of 30,000
        tonnes per annum of cold formed metal sections in
 collaboration
        with Voest Alpine, Austria.
 
      - 4,51,509 No. of equity shares issued at par and allotted in
 lieu
        of interest accrued on convertible debentures.
 
 1986 - 7,47,582 No. of Equity shares allotted in conversion of
        debentures.
 
 1989 - The name of the Company was changed from Nagarjuna Steels Ltd.
 to
        NSL Ltd. with effect from 16th January.
 
 1990 - The Company undertook an expansion-cum-modernisation
 programme.
 
 1993 - The first phase of the expansion-cum-modernisation programme
 was
        completed on 26th January, with the installation of a modern
        skinpass mill and upgradation of the semi-continuous pickling
        line.
 
      - The Company undertook a project to set up an export oriented
 shoe
        upper/shoe manufacturing unit at Cherlapalli near Hyderabad. 
 The
        Company obtained a letter of intent for manufacture of nine
 lakh
        pairs of shoe upper and six lakh pairs of full shoes per
 annum.
 
      - The Company issued 51,98,269 No. of equity shares of Rs 10
 each
        at a premium of Rs 40 per share on rights basis in the
 proportion
        of 5:4.  All were taken up.
 
      - Another 1,60,000 No. of equity shares of Rs 10 each at a
 premium
        of Rs 40 per shares were offered to the employees on an
 equitable
        basis.  None were taken up.  They were allowed to lapse.
 
 1996 - Production of cold rolled strips and that of cold rolled
 formed
        sections declined to 59923 tonnes and 12366 tonnes
 respectively.
        This was attributed to adverse market conditions and erratic
        power supply.  The Govt. of India's policy with regard to
 duty
        structure for hot and cold rolled coils has narrowed down the
        levels of hot and cold rolled coils.  Hence the Company took
        serious steps to overcome the situation by optimising
 product-mix
        and exploring avenues for value added products.
स्रोत: रेलीगरे टेचनोवा

न्यूज़ फ़्लैश

  • MARKET CUES : FIIs ने कैश में `558 Cr की बिकवाली की
  • MARKET CUES : DIIs ने कैश में `985 Cr की बिकवाली की
  • MARKET CUES : FIIs ने F&O में `1528 Cr की खरीदारी की
  • MARKET CUES : इंडेक्स फ्यूचर्स में `1328 Cr की खरीदारी की
  • MARKET CUES : इंडेक्स ऑप्शंस में `198 Cr की खरीदारी की
  • MARKET CUES : स्टॉक फ्यूचर्स में `318 Cr की खरीदारी की
  • MS ON ASIAN PAINTS : Equalweight रेटिंग, लक्ष्य `1820/Sh
  • HSBC ON BAJAJ FINANCE : BUY रेटिंग, लक्ष्य `5100/Sh
  • MS ON BAJAJ FINANCE : Equalweight रेटिंग, लक्ष्य `3700/Sh
  • JP MORGAN ON BAJAJ FINANCE : Overweight रेटिंग, लक्ष्य `4500/Sh

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