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वीबीसी फेरो एलॉयज > कंपनी इतिहास > Mining & Minerals > कंपनी इतिहास का वीबीसी फेरो एलॉयज - बीएसई: 513005, NSE: N.A

वीबीसी फेरो एलॉयज

बीएसई: 513005  |  NSE: N.A  |  ISIN: INE114E01013  |  Mining & Minerals

कंपनी इतिहास - वीबीसी फेरो एलॉयज
YEAR                       EVENTS
 1981 - The Company was incorporated on 3rd October, in Hyderabad. 
 The
        Company was promoted by J.S. Krishna Murthi, A. Sudhakar and
 M.V.
        Subba Rao with Andhra Pradesh Industrial Development
 Corporation
        Limited (APIDC) as co-promoters.
 
      - The main object of the Company is to manufacture Ferro
 Silicon.
 
 1983 - 6,80,000 shares taken up by promoters, etc. and 3,70,000
 shares 
        allotted to APIDC.
 
 1984 - 8,00,000 shares issued at par of which 1,50,000 shares offered
 on
        a preferential basis to NRIs with full repatriation rights
 (only
        63,500 shares taken up).  The balance 6,50,000 shares, along
 with
        86,500 shares not taken up by NRIs were offered to the public
 in
        November.
 
 1986 - The Company proposed to install a 6.8 MVA DG set to augment
 the
        power shortage.
 
 1988 - The Company received re-endorsement of its licensed capacity.
        The Licence was received to manufacture 36,000 tonnes per
 annum
        of low phosphorous pig iron.
 
      - 11,800 shares forfeited.  Subsequently, forfeiture on 1,100 
        shares annulled.
 
 1989 - The Company examined the possibility of modifying the Russian
        furnace for manufacture of other metallurgical products
 besides
        pig iron and ferro silicon, with a view to broad band the
 ferro
        alloy industry.
 
      - The Company in collaboration with M/s. Elkeen Metallurgy a/s
        Norway set up a state-of-art ladle refining equipment and
        micro-processor based testing facilities to produce high
 purity
        silicon with low aluminium.  This project was commissioned in
        March.
 
      - During November, the Company offered 1,48,000-14% fully
        convertible debentures of Rs.150 each on Rights basis in the
        prop. 4 Deb : 50 No. of equity shares held.  Additional
 22,200
        debentures were allotted to retain oversubscription.
 
      - Simultaneously another 7,400-14% fully convertible debentures
        were issued to the employees (including Indian working
        directors)/workers of the Company on an equitable basis. 
 Only
        6,690 debentures were taken up.  The unsubscribed portion of
 710
        debentures were allowed to lapse.
 
 1990 - 7,400-14% fully convertible debentures were to be
 automatically
        converted into 5 equity shares of Rs.10 each at a premium of
        Rs.20 per shares on 1st October.  Along with the above issue,
        the Company also issued 2,29,000-14% secured partly
 convertible
        debentures of Rs.350 each through a prospectus of which
 1,57,450
        debentures were issued on preferential allotment basis as
        follows:
 
      - (i) 11,450 debentures to employees/working directors of the 
        Company (only 20 debentures were taken up);
 
      - (ii) 43,000 debentures to NRIs' on repatriation basis (all
 were 
        taken up);
 
      - (iii) 60,000 debentures to shareholders of the Company (all
 were 
        taken up);
 
      - (iv) 43,000 debentures to Financial Institutions/Mutual Funds
 
        (all were taken up).
 
      - The remaining 71,550 debentures along with 11,430 debentures
 not
        taken up by employees were issued to the public.  Additional
        34,348 debentures were allotted to retain oversubscription.
        6,450 debentures to NRIs, 6,578 debentures to shareholders
 and
        21,320 debentures to the public.
 
      - Rs.150 of the face value of each debenture was to be
        automatically and compulsorily converted into 5 equity shares
 of
        Rs.10 each at a premium of Rs.20 per share on 1st October.
 
      - The remaining Rs.200 of the face value of each debenture was
 to
        be redeemed at par at the end of 6th (Rs.60), 7th (Rs.70) and
        8th (Rs.70) year from the date of allotment of debentures.
 
 -21,90,420 No. of equity shares were allotted at a premium of Rs.20
 per share in conversion of the above debentures.  Allotment of 7,060
 shares relating to 1,412 debentures was kept pending on account of
 non-payment of allotment money due.
 
 -Forfeiture on 2,750 shares annulled.  21,90,420 shares allotted in
 conversion of debs.
 
 1991 
 
 -3,710 shares allotted in conversion of debs.
 
 1992 
 
 -2,320 shares allotted (prem. Rs.20 per share) in conversion of 
        debs.  Forfeiture on 2,650 shares annulled.
 
 1993 
 
 -The overall performance suffered heavily mainly due to
 non-availability of power from APSEB which curtailed production and
 caused cash flow difficulty.
 
 2004
 
 -Techtran Polylenses has entered into an MOU with VBC Ferro Alloys
 Ltd for the purchase of 1,34,000 equity shares of Rs 10 each in AP
 Gas Power Generation Corporation Ltd for Rs 2.07 crore.
 
 -The Company recommended dividend @10%.
 
 2005
 
 -The Company recommended Dividend @20% on the paid up equity share
 capital of the Company.
 
 2006
 
 -The Company recommended dividend at the rate of 10% on the paid up
 equity share capital.
 
 2007
 
 -The Company recommended dividend @ 20% on Equity Shares of Rs 10/-
 each.
 
 2008
 
 -The dividend @ 20% on 41,94,350 Equity Shares of Rs 10/- each.
 
 -VBC Ferro Alloys Ltd has informed that the Board of Directors
 decided to appoint Shri. G Narayanan, ex-chairman & MD of Andhra Bank
 as additional director of the Company.
 
 2009
 
 -The Company recommended a dividend of 20%., i.e. Re 2 per equity of
 Rs 10/- each. 
 
 2010
 
 -The Company recommended dividend of Rs. 2.50 per equity share of Rs.
 10/- each (i.e. 25%)
 
 2012
 
 -The Company recommended dividend of Rs. 3/- per equity share Rs.
 10/- each (i.e., 30%).
 
 2014
 -Mr. V. S. Rao as an Additional Director of the Company .
 
 
 
स्रोत: रेलीगरे टेचनोवा

न्यूज़ फ़्लैश

  • MARKET CUES : FIIs ने कैश में `686 Cr की खरीदारी की
  • MARKET CUES : DIIs ने कैश में `1577 Cr की खरीदारी की
  • MARKET CUES : FIIs ने F&O में `76 Cr की खरीदारी की
  • MARKET CUES : इंडेक्स फ्यूचर्स में `408 Cr की खरीदारी की
  • MARKET CUES : इंडेक्स ऑप्शंस में `1080 Cr की बिकवाली की
  • MARKET CUES : स्टॉक फ्यूचर्स में `746 Cr की खरीदारी की
  • CITI ON BAJAJ AUTO : SELL रेटिंग, लक्ष्य `2100/Sh
  • JEFFERIES ON BAJAJ AUTO : Underperform रेटिंग, लक्ष्य `2650/Sh
  • GOLDMAN SACHS ON BAJAJ AUTO : Neutral रेटिंग, लक्ष्य `2895/Sh
  • SBI : SBI जनरल इंश्योरेंस में 26% हिस्सा बेचेगा JV पार्टनर IAG

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