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एसआई ग्रुप (इंडिया) > कंपनी इतिहास > Chemicals > कंपनी इतिहास का एसआई ग्रुप (इंडिया) - बीएसई: 506460, NSE: SIGROUPIND

एसआई ग्रुप (इंडिया)

बीएसई: 506460  |  NSE: SIGROUPIND  |  ISIN: INE547A01012  |  Chemicals

कंपनी इतिहास - एसआई ग्रुप (इंडिया)
YEAR                       EVENTS
 1963 - The Company was incorporated in 1st July, at Mumbai.  The
 company
        manufactures heavy organic chemicals such as phenol, cumene,
        acetone diacetone alcohol, phthalic anhydride, phthalates and
        their derivatives.
 
      - The company was promoted by E.I.D. Parry Ltd., Chennai in
        collaboration with the Distallers Co. Ltd, and Hercules Power
 Co.
        U.S.A.  Government approved the collaboration with General
        Electric Co. U.S.A. 
 
 1965 - On 11th May, the Company entered into agreement with the
        Distillers Co., Ltd., U.K., for the supply of technical
        information for the manufacture of phenol, cumene, diacetone
        alchol and phthalates.
 
      - 3,78,944 shares issued to directors etc. 23,23,916 shares
 issued
        to institutional investors including 18,00,000 shares to
 foreign
        collaborators, 16,97,090 shares offered at par to the public
 in
        May.
 
 1968 - 3,80,000 shares allotted to Hercules Inc. and 1,20,000 shares
 to
        E.I.D. Parry, Ltd.
 
 1974 - 60 forfeited shares reissued.
 
 1978 - 24,500 bonus equity shares issued in prop. 1:2.
 
 1983 - Plants for the recovery of cumene and fumaric acid from
        by-product/waste streams were installed and commissioned.
 
 1984 - The Company issued 15% non-convertible debentures for Rs. 300
        lakhs to UTI by private placement.  These debentures are
        redeemable infull at a premium of 5% on 11th April 1992.
 
 1985 - With effect from May, the Maharashtra Government removed all
        energy cuts applicable to the Company's factory.
 
      - Production of saleable products dropped by about 6% as
 compared
        to the previous year, with overall capacity utilisation
 having
        declined to 80%.  Shortage of raw materials, competitive
 market
        conditions which resulted from over capacity in respect of
        phthalic anhydride and phthalates and two planned shutdowns
 of
        the phenol/acetone plant for maintenance and installation of
        additional equipment were the main factors responsible for
 the
        setback in production.
 
      - The Company revalued its land, buildings and plant and
 machinery 
        as on 30th June.  The net surplus arising out of this was 
        credited to the Capital Reserve. 
 
 1986 - The research and development wing of the Company developed a
        catalyst in collaboration with another local R&D facility.
 
      - Technical assistance for the manufacture capacitor project
 was
        obtained from General Electric Co., USA.
 
 1988 - Production of saleable products was maintained at high levels
        except for phenol and acetone which were marginally lower due
 to
        short supply of propylene and benzene.  One of the bottlenecks
 on
        phthalic anhydride production was removed by installing and
        commissioning an indigenously procured bagging machine.
 
      - During the Company in technical and financial collaboration
 with
        Uniroyal Chemical Co. Inc., USA, promoted a new company by
 the
        name of `Herdillia Unimers, Ltd.' to implement a project at
 TTC
        Industrial Area, Thane, Maharashtra for the manufacture of
 10,000
        tpa. ethylene propylene rubber.
 
 1989 - The unit developed inhouse technology for para cumyl phenol
 and
        octyl phenol.
 
 1990 - The company's phthalic anhydride plant had to be shut down at
 the
        end of May due to failure of catalyst and instrumentation
 caused
        by high temperature in the reactor.
 
      - The plant operations were adversely affected on account of a
 fire
        accident in May.
 
      - A technical collaboration agreement was finalised with
 Costain
        Engineering Ltd., U.K., in respect of the isphorone project to
 be
        implemented with a capacity of 2,000 tpa.
 
      - In order to implement the project for the manufacture of
 3,000
        tonnes per annum of magnetic iron oxides, a new company under
 the
        name of Herdillia Oxides & Electronics, Ltd. was promoted. 
 The
        project at Lote-Parshuram, near Chiplun in Ratnagiri District
 of
        Maharashtra was set up with technical collaboration from
 Magnox
        Incorporation of U.S.A.  The plant was commissioned in
 January
        1991.
 
 1991 - The operations of all plants were progressively restored by
 18th
        June.
 
      - The Company privately placed 14% secured redeemable
        non-convertible debentures aggregating to Rs. 300 lakhs and
 Rs.
        400 lakhs respectively with IDBI and Infrastructure Leasing &
        Financial Services, Ltd.
 
 1992 - The company entered into a strategic alliance with Bayer AG,
        Germany for setting up a facility to produce heat transfer
 media. 
        The heat transfer media plant was commissioned in February,
 1994.
 
      - The Company also received letters of intent/industrial
 licences
        for the following products which were at various stages of
        implementation: (i) isopropyl phenols (ii) phosphate
 plasticizers
        (iii) isophorone (iv) metaxylenol (v) trimethyl phenol (vi)
        triblock type thermoplastic elastomers (viii) meta xylenol
 (viii)
        disphenyl (ix) heat transfer media (x) propylene oxide/higher
        epoxides and (xi) alpha methyl styrene.
 
      - The Company signed a Memorandum of Understanding with
 Maharashtra
        Petrochemicals Corporation, Ltd. (MPCL) for a joint sector
        project for the manufacture of 5,000 tonnes per annum of
        polybutenes for which MPCL held a Letter of Intent.  The
 Company
        promoted a new undertaking by the name of `Herdillia
 Polymers,
        Ltd.' in association with MPCL to implement this project.  The
 
        plant was commissioned in January, 1993.
 
 1993 - Turnover declined by 11% to Rs. 156 crores.  However, profits
              improved due to aggressive steps initiated to reduce
 input costs,
              attain higher levels of efficiency in production and to
 contain 
              period costs.
 
 2000 - The Company wil be signing contract manufacturing agreements
 with
               smaller chemical units to produce speciality
 chemicals.
 
 2002- Herdillia Chemicals Ltd has informed BSE that the following
 Directors have resigned from                          the Board of
 the company: 1. Mr G P Goenka 2. Mr J N Guzder 3. Mr V C Vaidya 4. Mr
 A             Ghosh 5. Mr H V Lodha 6. Mr P Murari 7. Mr G V Kapadia
 8. Mr S K Diwanji.
 
 -The Schenectady has increased its stake in the Herdillia Chemicals
 by 20 % ,previously it had the 61% stake now increased to 81% stake
 through preferential allotment of equity shares.
 
 -Herdillia Chemicals Ltd has informed  that the Company has allotted
 1,20,00,000 Equity Shares (face value of Rs 10/- each) at Rs 20/-
 each aggregating Rs 240 million to its promoters, Schenectady India
 Holdings Ltd.
 
 
 2004
 
 -Schenectady Herdillia Limited has informed that Mr. R M Pandia,
 Managing Director of the company is also appointed as the Vice
 Chairman of the BoD's of the company w.e.f. May 29, 2004
 
 2008
 
 -SI Group India Ltd has appointed Mr. Emmanuel Hess as Director with
 effect from February 12, 2008.
स्रोत: रेलीगरे टेचनोवा

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