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एसटीआई इंडिया > कंपनी इतिहास > Textiles - Spinning - Cotton Blended > कंपनी इतिहास का एसटीआई इंडिया - बीएसई: 513151, NSE: STINDIA

एसटीआई इंडिया

बीएसई: 513151  |  NSE: STINDIA  |  ISIN: INE090C01019  |  Textiles - Spinning - Cotton Blended

कंपनी इतिहास - एसटीआई इंडिया
YEAR                       EVENTS
 1984 - The Company was incorporated on 7th August, as a public
 limited
        company and obtained the Certificate of Commencement of
 Business
        on 1st January, 1985.  It was promoted by Steel Tubes of
 India
        Ltd. (STI), Dr R B Baheti and Shri K N Garg in technical and
        financial collaboration with Carl Froh Rohrenwerk GmbH & Co.,
        West Germany.  The company manufacture of Double Walled
 Copper
        Brazed (DWCB) tubes in the diameter range varying from 3.18 mm
 to
        10mm and thickness of 0.5 to 2.25 mm, required by the
 industries
        such as automobile and refrigeration.
 
      - The Company set up a plant at Dewas in Madhya Pradesh to
        manufacture DWCB tubes.  Plant and Machinery both imported
 and
        indigenous were erected.
 
      - The Company entered into a technical and financial
 collaboration
        with Carl Froh Rohrenwerk GmbH & Co. of West Germany.  Carl
 Froh
        provided total technical know-how for the manufacture of DWCB
        tubes and also subscribed to 15% of the equity capital of the
        Company.
 
 1986 - 700 shares subscribed for by the signatories to Memorandum of
        Association.  29,99,300 share were then issued at par out of
        which the following shares were reserved and allotted on a
 firm
        basis:
 
      - (i) 5,99,900 shares to Steel Tubes of India Ltd. (promoter); 
 
      - (ii) 4,99,400 shares to other Indian promoters, directors,
 etc.;
  
      - (iii) 4,50,000 shares to Carl Froh Rohrenwerk of West Germany
 on
        repatriation basis; 
 
      - (iv) 3,00,000 shares to UTI and 
 
      - (v) 50,000 shares to NRIIs on repatriation basis.  
 
      - Out of the remaining 11,00,000 shares the following shares
 were
        reserved for preferential allotment;
 
      - (i) 3,00,000 shares to NRIs on repatriation basis (all were
 taken
        up) and 
 
      - (ii) 1,50,000 shares to employees etc./workers of the Company
 and
        those of Steel Tubes of India Ltd. (none were taken up).  
 
      - The balance 6,50,000 shares, along with 1,50,000 shares not
 taken
        up by employees, etc., were offered for public subscription 
        during October 1986.  Additional 2,00,000 shares were allotted
 to
        the public to retain oversubscription.
 
 1988 - 14%-Debentures aggregating Rs 100 lakhs were privately placed
        with UTI.  These debentures are redeemable in 15 half-yearly
        instalments commencing from November, ending in November
 1995.
 
 1989 - The copper plating plant was commissioned.
 
      - As a part of Company's restructuring, investment in the Biplus
 
        investment & Finance Limited, the wholly-owned subsidiary of
 the
        company was disposed of and under provision of Section 212 of
 the
        Companies Act, 1956, the Company does not have any subsidiary
 as 
        on 31st March, 1997.
 
 1991 - During the year, functioning of the copper plating plant
 acquired
        momentum through steady improvements in yield and quality.
 
 1993 - During the year, the Company commissioned the industry's most
        sophisticated high-capacity production facility for
        manufacturing.
 
      - The Company issued rights issue of 800,000 shares of Rs 10
 each
        at a premium of Rs 15 per share in the ratio of 1:4.
 
 1994 - The Company was in the process of obtaining new manufacturing
        equipment and new technology to produce new types of tubes
 with
        special coatings and to improve the productivity in key areas
 of
        Company's operation.
 
      - The Company undertook a major diversification project in the
        textile sector.  The Company was in the process of setting up
 a
        60,192 ring spindle capacity spinning mill at Madhya Pradesh.
 
      - The name of the Company was changed from STI Biplus Tubing
        (India) Ltd. to STI India Ltd.
 
      - 8,00,000 rights equity shares allotted at a premium of Rs 15
 per
        share in prop. of 1:4.
 
 1995 - During the year the Company commissioned a sophisticated
        high-capacity production facility for manufacturing
 ready-to-use
        condensers for the refrigerators.
 
      - The Company entered into a Memorandum of Understanding with
 Sanoh
        Industrial Company Ltd., Japan an internationally renowned
        manufacturer of core fluid handling related products.
 
      - As per the said memorandum of understanding Sanoh provides
 for
        setting up a fabrication unit of brake/fuel line components
 near
        Gurgaon, for supply to the customers of Automobile segment
        specially Maruti Udyog Ltd. and also proposed transfer of
        technology for reinforcing the existing double-walled tube
        manufacturing at Dewas.
 
 1996 - The Company signed a joint venture agreement with Sanoh
        Industrial Company Ltd. Japan and incorporated a new joint
        venture company viz. STI Sanoh India Ltd. with a capital of
 Rs
        20.40 crores contributed equally in the ratio of 50:50 by
 both
        the companies.
 
      - The Company proposed to issue 40,00,000 No. of equity shares
 on
        rights basis to the existing shareholders in the ratio of 1:1
 to
        finance the project cost of diversification in textile
 industry.
 
      - Biplus Investment & Finance, Ltd. is a subsidiary of the
 Company.
 
      - STI India Vidyut Private Ltd. is a subsidiary of the company.
 
 1997 - STI Sanoh has taken over the operations of tube division with
        effect from 1st May and has set up a new fabrication unit to
        manufacture brake/fuel line components near Gurgaon.
 
      - 135,00,000 No. of equity shares allotted on private placement
        basis to FIIS at a prem. of Rs. 27 per share.
 
 1998 - STI India Ltd, a part of the STI group, proposes to increase
        its production capacity by 25,000 spindles every year.  By
 2005,
        it plans to be the single largest unit in the world.
 
      - The company has entered into an agreement with Petronet to
 supply
        LNG.  It has also entered into a fuel supply agreement with
 IOC 
        as a back-up arrangement.
 
      - The Company's state-of-the-art Plant was inaugurated on 12th 
        September.
 
 1999 - The Company has enlarged its market base by successfully
 catering
        to the needs of its customers for single and double walled
 copper
        coated tubes and other value added products in various
 segments.  
 
      - STI India Vidyut Limited has been promoted as a subsidiary
        Company to put up facilitates to cater the power needs of the 
   
        Company.  For this purpose the subsidiary Company proposes to
 set
        up a 25 MW furnace oil based captive power project adjacent to
 
        the Company site.
 
      - STI India Vidyut have identified a new overseas partner i.e.
        Rolls-Royce Power Ventures Overseas Limited for this purpose
 with
        whom a Memorandum of Understanding (MOU) has been entered into
 to
        implement 25 MW captive power project divided in two phases.
 
 2007
 
 -Sti India launched the E-mail ID of the Compliance Officer of the
 Company share@stitextile.net has been placed on the company's
 official website www.stitextile.net.
 
 2008
 
 - Sti India Ltd has appointed Mr. Raj Kumar Bhawsar, qualified member
 of ICSI, as Assistant Company Secretary in place of Mr. Mukesh Kumar
 Garg to take care of Company's Secretarial duties.
 
 2010
 
 - STI India Ltd has appointed and inducted Shri Upkar Singh Kohli as
 Special Director on the Board of Directors of the Company.
 
 2011
 
 -Mr. A. Arumugham has been appointed as an Additional Director on the
 Board.
 
 2012
 
 -Mr. S. D. Naik, Chief Financial Officer of the Company has been
 appointed as the Compliance Officer of the Company.
 
स्रोत: रेलीगरे टेचनोवा

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