वरुण सीमेंट्स

YEAR                       EVENTS
 1983 - The Company was incorporated on 19th July, as a private
 limited
        company and was subsequently converted into a public limited
        company on 21st May, 1994 in Maharashtra.  The Company 
        implemented a 100 TPD mini cement plant based on VSK
 technology
        in Azmera, Madhya Pradesh.  
 
      - The Company was promoted by Sunder Thakur, V.P. Valecha, K.R.
        Thakur, H.C. Mirchandani, V.K. Jain and Bhadada.  The
 Company's
        object is to manufacture cement.
 
 1994 - The Company proposed in phase I to expand the installed
 capacity
        by 300 TPD making annual capacity to 1,65,000 TPA.  In phase
 II
        the company proposed to incorporate a pre calcinator to bring
 its
        capacity to 1050 TPD.
 
      - The Company offered 16,46,000 No. of equity shares of Rs.10
 each
        at a prem. of Rs.15 per share and 10,45,000 No. of equity
 shares
        of Rs.10 each at a prem. of Rs.20 per share of which 3,07,000
        shares (prem. Rs.10) were offered to NRIs, 3,70,000 shares
 (prem.
        Rs.20) were offered to Financial Institutions, 4,50,000
 shares
        (prem. Rs.15) were offered to the promoter, directors and
 their
        relatives, 20,000 shares (prem. Rs.15) were offered to
 employees
        and 11,76,000 shares (prem. Rs.15) were offered to public. 
 All
        were taken up.  Additional 67,900 shares were allotted to
 retain
        over subscription.
 
 1995 - The overall improvement in performance was mainly due to
 higher
        productivity, better unit value realisation and overall cost
        control measures initiated by the company.