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टिटाघर स्टील्स > कंपनी इतिहास > Castings & Forgings > कंपनी इतिहास का टिटाघर स्टील्स - बीएसई: 500416, NSE: TITAGRSTEL

टिटाघर स्टील्स

बीएसई: 500416  |  NSE: TITAGRSTEL  |  ISIN: INE824A01023  |  Castings & Forgings

कंपनी इतिहास - टिटाघर स्टील्स
YEAR                       EVENTS
 1981 - The Company was incorporated on 17th August at Calcutta.  The
        main object of the Company is to manufacture all types of
 general
        and special castings including bogies, couplers, crossings
 and
        other sophisticated steel castings, and processors of various
        classes of special steels and other types of ferrous and
        non-ferrous metals.
 
      - The Company was promoted by Shri J. P. Chowdhary and Shri 
        P. Chitlangia.
 
      - The Company entered into a technical collaboration agreement
        with Sintokogic Ltd., Japan for utilising its patented vaccum
        moulding process, popularly known in India as `V-process'. 
 The
        main advantages of the `V-process' are that it helps to turn
 out
        steel castings to close dimensional tolerance and also
 eliminates
        many of the common casting defects, such as shrinkage,
 pin-holes,
        sand fusion, cracks etc.
 
      - The Company also entered into another agreement with Miner
 Draft
        Gear Company of USA, for the manufacture of high capacity
 `miner'
        draft gears.  This agreement was by way of a sub-licence from
 the
        original licence in India i.e., Burn Standard Company Ltd.
 
 1982 - 5,10,000 shares taken up by promoters, directors, etc., and
        1,50,000 shares allotted to WBIDC.
 
 1983 - The Company finalised a technical collaboration agreement
 with
        M/s. Midland Ross Corporation USA, for the manufacture of
        National Super C-1 and other cast steel bogies.
 
      - During May, 8,40,000 shares offered at par to the public.
 
 1985 - The Company successfully negotiated collaboration agreement
 with
        an East European Company for the manufacture of polyster
 films. 
        The agreement was signed by the newly promoted Company TSL
        Pragjoytish Polyesters Ltd.
 
 1989 - Approval was sought from Government for foreign collaboration
 for
        the manufacture of high pressure industrial valves.
 
      - The Company developed and produced prototype of the Co-Co
 bogie
        for locomotives with indigenous technology.
 
      - In October the Company took over the control and management
 of
        M/s. Continental Valve Ltd. (CVL) located at Sohna near N. 
        Delhi.  Efforts were on to renew CVL's collaboration with M/s.
 
        Gulde of W. Germany which had expired in 1988.
 
 1991 - The Company negotiated for collaboration for manufacture of a
        wide range of specialised automatic centre buffer couplers
 and
        high performance draft gears with Les Apparells Ferroviares
 of
        France.  The Company received a letter of intent for export
 order
        for products worth US $ 1.27 million.
 
      - A new Company was copromoted in the name and style of Gullick
        Equipment, Ltd., as a joint venture with M/s. Gullick Dobson 
        Ltd., of UK.  This Company was to manufacture high technology
        underground and surface mining and material handling
 equipments. 
        The project was to be located in W. Bengal.
 
      - Titagarh Delloy S. A. (Belgium) is an overseas subsidiary of
 the
        Company.
 
 1993 - The Company undertook development of proto-type for all the
 three
        division.
 
      - 30,00,000 bonus shares allotted in prop. 2:1.  15,00,000
 right
        shares (prem. Rs.25 per share) allotted in prop. 1:3. 
 43,79,100
        shares allotted (prem. Rs.30) to public.
 
 1994 - Effective 1st April, The Titaghur Paper Mills Co. Ltd.,
 (TPML)
        was merged with the Company on a part of diversification
        programme.
 
      - As per the scheme of amalgamation 50,39,380 No. of equity
 shares
        of the Company were allotted to the shareholders of erstwhile
        TPML in the ratio of one equity share of the Company for every
 10
        equity shares of erstwhile TPML.
 
      - During March/April the Company offered 43,79,000 No. of
 Equity
        shares of Rs.10 each at a premium of Rs.30 each as follows:
        22,00,00 shares to the promoters, directors etc.  (All were
 taken
        up).  4,35,000 shares to the FIs and 4,35,000 shares to the
        Indian Mutual Funds (only 5,40,000 shares were taken up. 
        Remaining shares were taken up by promoters) 80,000 shares to
 the
        employees (only 65,200 shares were taken up.  Remaining
 shares
        were taken up by Public).  12,25,000 shares to the public. 
 (All
        were taken up).
 
      - 5,03,938 No. of Equity shares issued to the shareholders of
        erstwhile `The Titaghur Paper Mills Co. Ltd.' on its merger
 with
        the Company.
 
 1995 - The Company undertook a modernisation-cum-expansion scheme.
 
      - The Company issued and allotted 13.5% fully convertible
        debentures to promoters on preferential basis.  These were
        converted into 15,00,000 No. of equity shares of Rs. 10 each
 at a
        premium of Rs. 10 per share on 8th April, 1996.
 
      - 15,00,000 No. of Equity shares arising on conversion of 13.5%
 FCD
        allotted to promoters as private placement basis.
 
 1996 - Margins remained under pressure due to hike in interest costs
 and
        depreciation provision.
 
      - The Company witnessed a strong demand for Railway wagons. 
 The
        company undertook to form a separate company to take up wagon
        activities to give it a better focus.  The Company also took
 up
        manufacture of railway related castings ie. high speed
 bogies,
        automatic centre buffer couplers etc.
 
 1997 - The Company proposed to diversify into the manufacture of
        polyster film, facsimile machines, electronic goods and also
 to
        carry on the business of leasing and consultancy.
 
      - The company has already approached the West Bengal government
        to buy 30 acres of and to set up a new manufacturing facility
        for producing wagons.
 
      - Titagarh Industries has decided to increase its authorised
        share capital from Rs 75 crore to Rs 125 crore, with the
 option
        of floating 50,00,000 preference shares of Rs 100 each.
 
      - In a bid to make its paper business more viable, Titagarh
        Industries Limited (TIL) has decided to launch branded
 exercise
        books in the market.
 
      - TIL is setting up a separate marketing network which would
 target
        at institutional buyers like schools which prefer their
 students
        buying exercise books directly from them.
 
 1998 - The board of Titagarh Industries Ltd (TIL) has proposed to
        demerge paper and engineering divisions into two separate
        companies.
 
      - Titagarh Industries has decided to spin off its steel and
 paper
        divisions into two separate companies as part of a
 restructuring
        exercise to become competitive in terms of cost and quality.
 
 1999 - Titagarh Industries is scouting for a strategic partner in
 the
        paper industry and is planning to set up a new newsprint
 plant.
 
 2000 -  Four Calcutta-based groups - Emami, Khaitan, Kitply and
 Titagarh Industries
         have joined hands to float a business-to-business electronic
 procurement
         portal www.MatManage.com.
 
 2008
 
 - Titagarh Industries Ltd has informed that Sri. Nand Kishore Mittal
 has appointed as Additional Director of the Company with effect from
 December 15, 2007.
 
 -Titagarh Industries Ltd has informed that the name of the Company
 has been changed from Titagarh Industries Ltd to Titagarh Steels Ltd
 w.e.f. October 05, 2007 & Certificate of Incorporation dated October
 05, 2007, issued by the Registrar of Companies, West Bengal.
स्रोत: रेलीगरे टेचनोवा

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