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Aditya Birla Nuvo
BSE: 500303|NSE: ABIRLANUVO|ISIN: INE069A01017|SECTOR: Textiles - Manmade
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Company History - Aditya Birla Nuvo
1956 
 
 - The company was incorporated on 26th September, 1956.  Formerly
 the
 Company was Known as Indian Rayon Corporation Limited.  The Company
 manufacture viscose rayon yarn and fabrics, chemical products,
 reinforced rubberlined products, high and low tension insulators and
 bushings and Portland Cement.
 
 1958
 
 - The Company entered into an agreement with Von Kohorn
 International
 Corporation, Von Kohorn International (London), Ltd., and Von Kohorn
 Eastern Corporation, Ltd., who agreed to design and supply from
 U.S.A.
 and U.K. the entire plant and machinery for the Company's rayon
 factory.
 
 - They also agreed to supervise the erection and installation as
 well
 as the commissioning of the plant.  Von Kohorn International
 Corporation also agreed to invest jointly with the Financial
 Development Fund Inc., U.S.A. a sum of U.S. ,25,000 in the equity
 capital of the Company.
 
 1975
 
 - Controlled percolation hoses were manufactured in collaboration
 with
 George August & Co., Ltd., U.K.
 
 - A collaboration agreement was signed with Ceramconsult Langenthal,
 Ltd., Switzerland for manufacture of Long Red insulators and high
 alumina bodies.
 
 1976
 
 - Jay Shree Textiles & Industries, Ltd. was amalgamated with the
 Company with effect from 1st January.
 
 1977
 
 - The new synthetic spinning unit, acquired with the amalgamation of
 Jay Shree Textiles & Industries, Ltd. with the Company, was
 partially
 commissioned during the year.
 
 1978
 
 - Phillippines Govt. gave a licence to the Company to set up a unit
 in
 that country for the manufacture of 3,000 tonnes of insulators per
 annum.
 
 1979
 
 - The Company received a letter of intent to set up a new industrial
 undertaking for the manufacture of 6,000 tonnes per annum of
 sophisticated insulators at Halol in Gujarat State.
 
 - The Company executed a technical collaboration agreement with
 Doulton
 Insulators Ltd., of U.K., for new range of products for 400 KV
 transmission line and sub-station insulators and for improving the
 quality of present range of products.
 
 1980
 
 - Equity shares subdivided on 1.12.1980.  15,370 - `D' Pref. shares
 redeemed.
 
 1981
 
 - The Company issued 10,00,000-12% secured debentures of Rs 100
 each.
 Out of this, 25,000 debentures were reserved for subscription by the
 employees, directors and business associates of the Company and
 4,25,000 debentures were offered to resident equity shareholders in
 the
 proportion of 1 deb.: 10 equity shares.  The balance of 5,50,000
 debentures were offered for public subscription during March 1981.
 
 - During September, the Company offered for public subscription
 5,00,000-13 1/2% Secured debentures of Rs 100 each with 1%
 additional
 interest per annum when the dividend on equity shares exceeds 14%
 for
 the immediate preceding year with appropriate adjustment for any
 future
 bonus issue of shares.  These debentures are redeemable in 4 equal
 annual instalments on the commencement of the 8th, 9th, 10th and
 11th
 years from the date of allotment of debentures.
 
 - During September, Vokin Holdings Inc. U.S.A. offered for sale
 1,16,250 No. of equity shares of Rs 10 each of the Company to the
 existing resident Indian shareholders and Indian employees of the
 Company at a premium of Rs 30 per share.
 
 - 1054, `C' Pref. shares redeemed.  Dividend on 22,635 `C' Pref.
 shares increased from 11% to 13.5% with effect from 1.7.1982.  On
 1.7.1982, 9,86,779 No. of equity shares issued (prem. Rs 10 per
 share)
 to V series debenture holders.  15,00,000 more equity shares (prem.
 Rs
 18 per share) issued to VII series debentures holders.
 
 1982
 
 - The Company revalued the assets of all the units (except Halol
 Unit)
 as on 1st July.  The net surplus of Rs 28,24,15,415 arising out of
 this
 was credited to revaluation reserve.
 
 1983 
 
 - The Company received a letter of intent to set up a plant to
 manufacture 80,000 tonnes of white cement per annum.
 
 - A technical collaboration agreement with the Onuda Engineering &
 Consulting Co., Ltd., of Japan was approved by Government.  The
 plant
 was commissioned in March 1988.  The product Birla White was well
 received in the market.
 
 - The Company set up a carbon black plant at Remikoot in Mirzapur
 district of Uttar Pradesh with an installed capacity of 20,000 tpa.
 
 - The Company issued 15,00,000-13 1/2% 7th Series debentures of Rs
 140
 each; 9,25,000 debentures as rights to resident equity shareholders
 in
 the proportion 5 debentures for every 40 equity shares or part
 thereof
 held; 2,25,000 debentures on a preferential basis to the Company's
 employees, directors, etc.  and 3,50,000 debentures to the public.
 
 - Each debenture of Rs 140 has part `A' Rs 28 and Part B of Rs 122.
 Part `A' of each debentures shall be redeemed on 30th June, and
 older
 thereof shall be allotted one equity share of Rs 10 each of the
 Company
 at a premium of Rs 18 per share.
 
 - Part `B' of the debentures shall be redeemed at par in 5 equal
 annual
 instalments at the end of the 8th, 9th, 10th, 11th and 12th year
 from
 the date of allotment.
 
 - The Company issued 8,00,000-15% eighth series secured debentures
 of
 Rs 100 each aggregating Rs 8 crores on a `Rights basis' for
 augmenting
 long-term resources for working capital.
 
 - For financing the rupee cost of the two diesel generating sets
 installed at the cement plant, 10,000 - 15% ninth series secured
 debentures of Rs 1000 each aggregating to Rs 1 crore were issued to
 Unit Trust of India on private placement basis.
 
 - 6,165 No. of equity shares issued (Prem. Rs 10 per share) to
 holders
 of Vth series debentures upon part conversion.
 
 1985
 
 - Veraval Properties, Pvt. Ltd. and Indrayon Properties, Pvt. Ltd.
 became the wholly owned subsidiaries of the Company.
 
 1986 
 
 - New products such as flame retardent fabrics, oil/chemical
 resistant
 fire hoses and rove boiled flax yarn were developed.
 
 - The Company undertook to set up a ceramic unit to manufacture
 10,000
 tonnes per annum of sanitaryware and 12,000 tonnes per annum of wall
 tiles in Uttar Pradesh.
 
 - The sanitaryware project was proposed to be set up in technical
 collaboration with Villeroy and Boch of the Federal Republic of West
 Germany and equipment for the wall tiles project were to be supplied
 by
 SITI of Italy.
 
 - For the manufacture of sanitarywares the Company was to
 incorporate
 the ceramic fibre lined tunnel and shuttle kilns technology.
 
 - A technical collaboration with Felten & Gujillene Energietichnic
 GmbH, West Germany was entered into for the manufacture of condensor
 bushings, coupling capacitors and instrument transformers.
 
 - Another collaboration with Asea Brown Boveri & Co., Ltd. of
 Switzerland was finalised for the manufacture of lighting arrestors.
 
 - The Company issued during November 80,00,000-15% - 12th series
 secured redeemable non-convertible debentures to the equity
 shareholders on a rights basis.
 
 - The company issued during December 77,45,000 - 13.5% - 11th Series
 fully convertible debentures of Rs 1000 each as follows: (i)
 68,70,000
 debentures to the existing equity shareholders on a rights basis in
 the
 proportion of 1 debenture for each equity share held; (ii) 3,75,000
 debentures to the employees of the Company and (iii) 5,00,000
 debentures to non-resident Indians/persons of Indian origin residing
 abroad on repatriation basis.  17,17,500 additional debentures to
 the
 equity shareholders and 1,25,000 additional debentures to the
 non-resident Indian were issued to retain over-subscription.
 
 - As per the terms of the issue a portion of Rs 50 out of each
 debenture was converted into 1 equity share of Rs 10 each at a
 premium
 of Rs 40 per share on 30th September, 1987, at the first stage of
 conversion.  The remaining part of Rs 50 was converted in the same
 manner as on 1st July, 1988.
 
 1987
 
 - The Company commissioned the expanded worsted rayon project.
 Machines like radio frequency drier and auto winding unit with
 electronic controls were installed.  Fancy doubling machines were
 also
 installed to produce fancy yarn.
 
 - The working of Cotton Spinning division was adversely affected due
 to
 higher cotton price, rise in power tariffs etc.  To rationalise the
 product-mix the Company proposed to convert existing spindles for
 production of high value added synthetic yarn.  Also fancy doubling
 machines were to be installed for production of fancy yarns.  
 
 - Production declined due to strike by workmen for 82 days.  By the
 end
 of the year, the Company proposed to instal certain balancing
 equipments including a roller press for raw material grinding.
 
 - It was also proposed to instal two additional DG Sets of 5.4 MW
 each
 during the year.
 
 - M/s. CE Europe, Luminus Crest division and Engineers India, Ltd.
 were appointed as Consultants for the project.
 
 - As on 1st July, the fixed assets of the Company (except the
 recently
 set up white cement and a carbon black units) were revalued and the
 net
 surplus of Rs 75,55 crores arising out of it was credited to the
 Revaluation reserve.
 
 - The name of the Company was changed from The Indian Rayon
 Corporation, Ltd. to Indian Rayon and Industries Ltd. with effect
 from
 23rd January.
 
 - 92,66,489 No. of Equity shares issued (prem. Rs 40 per share) on
 conversion of 13.5% debentures on 30.9.1987.
 
 1988
 
 - Two 1950 KVA power generating sets were commissioned during the
 year.
 
 - The working of cotton spinning division continued to be affected
 due
 to high prices of cotton.  To ensure its competitive edge over
 others,
 the division was upgrading its technology by adding latest machines
 such as Savio auto-coners.  Two-for-one twisters, etc.
 
 - A new kiln was commissioned at Halol to meet the growing demand
 for
 the company's product range.
 
 - A Pref. and C Pref. shares redeemed on 30.6.1989.  93,03,035 No. 
 of
 equity shares issued (prem. Rs 40 per share) on the second
 conversion
 of 11th Series debentures on 1.7.1988.
 
 1989
 
 - Necessary balancing equipment was being installed for producing
 finer
 denier yarn in view of the increasing demand.
 
 - Operating results of the flax division were however adversely
 affected by the steep hike in the cost of major inputs coupled with
 sharp deterioration in the supply of power.  One more diesel
 generating
 set of 1000 KVA was being installed.
 
 - Additional 2,592 spindles and other balancing equipment were
 installed to improve flexibility in product-mix and meet the
 changing
 demand patterns.
 
 - The Company proposed to expand the capacity to 9 million TPA from
 3
 million TPA received Government approval.
 
 - The foreign collaboration agreement with AKZO Fibres & Polymers -
 Enka International b. v. of Netherlands was approved by Govt.
 Necessary steps were being taken to implement the project.
 
 - The Company is a co-promoters of the Bina Power Supply Co., Ltd.,
 &
 Rosa Power Supply Co., Ltd., to be set up as two separate joint
 ventures with Powergen of U.K. Bina Power Supply Co. Ltd. was to be
 set
 up at M.P. and Rosa Power Supply Co., Ltd. at U.P.
 
 - The Birla Capital International AMC Ltd. was set up as an asset
 management Company jointly with Capital Group International, USA.
 
 - Birla Telecom Ltd. was set up an collaboration with AT & T for
 bidding for basic telephone services & Birla Communications Ltd. 
 with
 McCaw Cellular Communications Inc., for bidding cellular mobile
 services.
 
 1990 
 
 - A superior quality cement under the brand name `BIRLA SUPER' was
 introduced, initially, in Karnataka and the market response was
 reported to be good.
 
 - The lightning arrestors project was commissioned during the year
 and
 the unit undertook to execute an order for 400 KV transmission line
 for
 the National Thermal Power Corporation.
 
 - The company undertook a modernisation programme to improve the
 quality and enlarge the product range.
 
 1991
 
 - A fire mishap in the dryer plant in May, caused disruption in
 production for a period of ten days.  To tide over power shortage, a
 DG
 set of 2270 KVA was installed.
 
 - The Spinning and Weaving division undertook to further modernise
 apart from expanding its installed capacity for worsted yarn by
 2,400
 spindles.
 
 - The Company proposed to convert the Halol factory into a
 manufacturing unit exclusively for exports.
 
 - All steps were taken to set up a project for the manufacture of
 50,000 tonnes of high purity refractory grade magnesia from sea
 water
 near Visakhapatnam, A.P.
 
 - A collaboration agreement for transfer of technology with
 Refractories consulting and Engineering GmbH, Austria, was signed
 for
 the same.
 
 1992 
 
 - A diesel generating set of 2270 KVA was commissioned.  The Company
 undertook further investments in installation of balancing equipment
 as
 well as equipment for upgradation of quality.
 
 - Two additional CS2 furnaces were commissioned to increase the
 carbon-di-sulphide capacity from 6000 TPA to 10,000 TPA.  It was
 proposed to instal 10 contravan spinning machines at an estimated
 cost
 of Rs 36 crores.
 
 - The installed capacity of worsted yarn was increased by 1200
 spindles. Capacity was being further increased through installation
 of
 24 sophisticated looms.
 
 - It was proposed to implement modernisation programme involving a
 capital outlay of Rs 6 crores.
 
 - However, Government permitted to expand the capacity to 40,000 tpa
 and the Company was obtaining necessary clearances for the import of
 capital goods.
 
 1993
 
 - During September, the Company issued 51,88,000-zero interest fully
 convertible debentures of Rs 170 each on rights basis in the
 proportion
 of 1 debenture: 5 equity shares held.  Only 50,48,203 debentures
 taken
 up.
 
 - Another 2,59,400 - zero interest fully convertible debentures of
 Rs
 170 each were offered to the employees.  Only 2,55,314 debentures
 taken
 up.  Simultaneously, the company offered 16,20,000-zero interest
 fully
 convertible debentures of Rs 200 each to Group companies.  All were
 taken up.
 
 - Each debentures issued to shareholders and employees was to be
 converted into 1 equity share of Rs 10 each at a premium of Rs 160
 per
 share on 1st April, 1994.  Each debenture for the Group companies
 was
 to be converted into 1 equity share of Rs 10 each at a premium of Rs
 190 per share on 1st April, 1994.
 
 1994
 
 - The working in the Rishra Insulator plant suffered loss on account
 of
 a five months strike.
 
 - Work was underway to increase the capacity of Halol plant from
 6,000
 TPA to 10,000 TPA and subsequent to which combined capacity of the
 two
 plants would be 30,000 TPA.
 
 - The Cement grinding and packing facilities of new plant of 1.2
 million tonnes capacity at the existing location was commissioned
 and
 the remaining sections were to be commissioned by June 1995.
 
 - The split grinding unit of 1.2 million tonnes capacity being set
 up
 at Sholapur in Maharashtra was to be commissioned in June 1995.
 
 - The Company proposed to set up a 400 TPA capacity fibre glass
 plant
 at an estimated capital outlay of Rs 109 crores to be located in the
 Alwar district of Rajasthan.
 
 - During January, the Company offered 55,53,087 GDRs represent
 55,53,087 at a price of US $ 22.51 per GDR.  These equity shares
 were
 allotted in January 1994.
 
 - The Company issued 72,27,400 - 16.5% fifteenth series
 non-convertible
 debentures of Rs 300 each with detachable warrants: (i) 51,88,000
 debentures on rights basis in the proportion of 1 debenture: 5
 equity
 shares held (only 50,48,198 debentures taken up); (ii) 2,59,400
 debentures to employees (only 2,55,314 debentures taken up); and
 (iii)
 17,80,000 debentures to Group companies (all were taken up).
 
 - UTI had agreed to buy the debentures upto Rs 135 crores.  The
 Company
 had made arrangements with Birla Growth Fund Ltd. for handling the
 sale
 of the debentures.  Each debentures of Rs 300 could be offered for
 sale
 at a price of Rs 275 per debenture, at a current yield of 18%.  Each
 debentures would be redeemed at par in three equal instalments of Rs
 100 each at the end of 7th, 8th and 9th year from the date of
 allotment.
 
 1995 
 
 - The division undertook to set up 8 continuous spinning machines on
 parallel yarn at an estimated cost of Rs 36 crores.
 
 - The working of the Cotton Spinning Division was affected by strike
 between mid February 1996 to mid May 1996.  This in turn affected
 the
 modernisation work also.
 
 - The Halol Unit had undertaken substantial expansion and two new
 kilns
 were set up.  Negotiations were on with Overseas companies
 manufacturing lighting arrestors in India.  Negotiation were also
 underway for acquiring technology to produce silicon based
 insulators,
 in some applications.
 
 - 1-2 million TPA capacity raw material grinding and clinkerisation
 unit was commissioned at Malkhed, Karnataka.  Also, a 1-2 million
 TPA
 capacity grinding unit was commissioned.
 
 - 9,085 shares allotted.
 
 1996 
 
 - A 16.5 MW Co-generation thermal plant was being set up.  An
 additional 12 MW captive power plant was to be set up as an
 extension
 to 16.5 MW plant at a cost of Rs 40 crores.
 
 - The Company proposed to add 8 continuous spinning machines on
 parallel yarn at an estimated cost of Rs 40 crores.
 
 - The sluggish market conditions and strike at the Cotton Spinning
 Division plant between mid February 1996 to mid May 1996 affected
 the
 flax division's working.
 
 - Performance of the division was affected due to labour trouble at
 Rishra plants and sluggish market conditions.
 
 - The Company proposed to instal a new carbon black plant of 35,000
 tonnes capacity at Gummidipondi, Chennai.
 
 - During the year, plans were finalised to double the capacity from
 1,50,000 tonnes p.a. to 3,00,000 tonnes p.a. by installing second
 line
 at the existing location.
 
 - 11,424 shares issued.
 
 1997
 
 - The Company proposed to set up a second power plant of 15 MW
 capacity, at a cost of Rs 70 crores to ensure complete
 self-sufficiency
 of stable and uninterrupted power to VFY and caustic soda plants.
 
 - Sea Water Magnesia plant was commissioned with an installed
 capacity
 of 50,000 TPA.
 
 - The Company has made a bonus issue in the ratio of 1:2 to the
 existing shareholders of the Company.
 
 - 2,24,94,007 No. of Equity shares of Rs 10 each allotted as fully
 paid
 bonus shares in the prop. 1:2 and 2,980 No. of equity shares
 allotted
 out of abeyance.
 
 - Indian Rayon Industries, the Aditya Birla Group diversified
 company,
 has commissioned its 36,000 tpa caustic soda plant at Veraval in
 Gujarat.
 
 - It has singed a Memorandum of Understanding with the Orissa Mining
 Corporation for setting up a mega integrated aluminium complex
 comprising an alumina refinery of 1 million tonnes per annum
 capacity
 based on the Kadnagamali-Pottangi bauxite deposit in Karaput
 district
 in south Orissa and a greenfield aluminium smelter of 2.5 lakh tpa.
 
 - Indian Rayon & Industries Ltd has proposed to issue bonus shares
 in
 the ratio of one share for every two shares held.  Reacting to the
 news, the Indian Rayon scrip declined by Rs.10, before closing on
 Tuesday at Rs.392.75, as the bonus ratio fell short of market
 expectations.
 
 - The company is also setting up a 35,000 tonne carbon black unit to
 be
 commissioned in October 1998.  It is already the second largest
 installed capacity in the industry after Philips Carbon Black's
 78,000
 tonne.
 
 - Indian Rayon & Industries Ltd is seriously considering a proposal
 to
 issue bonus shares in the proportion of one new equity share for
 every
 two existing equity shares held.
 
 - Indian Rayon Ltd. an Aditya Birla group company, is setting up a
 25
 mw captive hydel power project in West Bengal.
 
 - Indian Rayon, an Aditya Birla Group company and one of the leading
 players in its field, has become the first private sector firm to
 raise
 Rs.40 crore through private placement of secured redeemable
 non-convertible debentures at a coupon rate of 14.25 per cent,
 payable
 half yearly for a five years period.
 
 1998
 
 - Sea Water Magnesia suffered a set back due to substantial dumping
 from China leading to poor offtake and huge inventory.
 
 - Indian Rayon & Industries Ltd has commissioned its Greenfield
 35,000
 MTPA carbon black plant, set up at an investment of Rs 135 crore. 
 With
 this plant at Gummidipondi, near Chennai, the Aditya Birla group
 company's carbon black capacity stands raised to 95,000 MTPA.  The
 plant at Renukoot (UP) has a manufacturing capacity of 60,000 MTPA.
 
 - Indian Rayon has temporarily suspended the operations of its Sea
 Water Magnesia plant at Visakhapatnam.
 
 - 1,020 shares kept in abeyance is used.
 
 1999 
 
 - Indian Rayon Industries Ltd, the flagship company of the Aditya
 Birla
 group, is yet to find buyer for its sea water magnesia project.
 
 - The company, which has an installed capacity of 95,000 tonnes per
 annum, is strongly considering the option to hike capacity by
 another
 50,000 tonnes.
 
 2000 
 
 - The strike from March 11 by a section of workmen of the viscose
 filament rayon plant at Veraval, Gujarat, has been called off from
 the
 night of March 22 and normalcy is being restored.
 
 - ICRA has assigned `LAAA' rating to the non-convertible debentures
 aggregating Rs. 50 crores privately placed by the company with ABN
 Amro
 Securities (I) Pvt. Ltd.
 
 - The Aditya Birla group Company, Indian Rayon and Industries Ltd,
 will
 promote an insurance joint venture with 125 year old Sun Life
 Financial
 of Canada.
 
 - The Company has entered into agreements, with NSDL, CDSL and MCS
 Ltd., for dematerialisation.
 
 2001
 
 - The shares department of the company has been accredited with ISO
 9002:1994 certification by KPMG.
 
 - Aditya Birla group flagship Indian Rayon will acquire a 50.35 per
 cent controlling stake in PSI Data Systems from Groupe Bull, France,
 for Rs 71 crore.
 
 2002
 
 - Indian Rayon & Industries Ltd has informed that Mr.Devendra
 Bhandari
 has been appointed as Vice President & Company Secretary of the
 company
 in place of Mr.Mehernosh Kapadia.
 
 -The Board of Directors of Indian Rayon & Industries Ltd on July 24,
 2002 approved a scheme to demerge its insulator Division and to form
 a separate Joint Venture Company with NGK Insulators Ltd of Japan.
 
 -Indian Rayon & Industries Ltd has informed BSE that at a meeting of
 the Board of Directors of the Company held on August 1, 2002, the
 Company has decided to sell to ONGC Ltd 41012461 equity shares of
 Mangalore Refineries & Petrochemicals Ltd at a price of Rs 2/- per
 share.
 
 2003
 
 - Indian Rayon & Industries Ltd has informed that pursuant to
 acquisition of equity share capital Transwork Information Services
 Pvt Ltd (TISPL), the company has become a wholly owned subsidiary of
 Indian Rayon &Industries Ltd. TISPL has two subsidiary, Transwork IT
 Services India Pvt Ltd, Bangalore and Transwork Inc (a Delaware
 Corporation) which have also become subsidiaries of Indian Rayon &
 Industries Ltd.
 
 -Shri Siddhartha Sen, a Director of the company expired.
 
 -Indian Rayon & Industries Ltd has launched its insulator Joint
 venture with Japan based
 NGK Insulator Ltd, and the JV is named as Birla NGK Insulators
 Private Ltd.
 
 -ICRA reaffirmed the highest rating of LAAA assigned to various NCD
 programmes
 of Indian Rayon & Industries Ltd amounting to Rs.130crs.
 
 -Indian Rayon is all set for a major spread of its carbon black,
 insulators and viscose
 filament yarn businesses.
 
 -IndianRayon has announced its entry into BPO sector with the
 acquisition of M/s TrasWorks
 Information Services pvt ltd.
 
 -Indian Rayon Industries M/s S R Bartliboi &Co have been appointed as
 the Joint Statutory
 Auditors.
 
 -Indian Rayon Industries has informed that the BOD have co-opted Mr
 Harsh V Lodha 
 as the Director of the company.
 
 -Hi-Tech Carbon, a unit of Indian Rayon Industries Ltd of Aditya
 Birla group has decided
 to  double its carbon black manufacturing capacity at its plant at
 Gummidipondi in 
 Tamil Nadu.
 
 - Delisted from Delhi Stock Exchange wef October 30, 2003.
 
 -Van Heusen launched `Fundamentals' range of shirts
 
 2004
 
 -Indian Rayon and Industries Ltd has informed that pursuant to
 approval of the Scheme of Amalgamation by the Hon'ble High Court,
 Gujarat at Ahmedabad, effective January 7, 2004 M/s Rajnidhi Finance
 Ltd a subsidiary of M/s Laxminarayan Investment Ltd (subsidiary of
 the Company) is amalgamated with M/s Laxminarayan Investment Ltd from
 the Appointed Date i.e. April 1, 2003.
 
 -Indian Rayon signs an agreement with ST Telemedia & TM International
 to acquire stake in Idea Cellular
 
 -Brownfield expansion of 40,000 tpa completed at Hi- Tech
 Carbon,Gummidipundi, taking total capacity to 1,60,000 tpa
 
 
 2005
 
 -Madura Garments revamps export business
 
 -Indian Rayon rechristened as Aditya Birla Nuvo
 
 -Merger of Indo Gulf Fertilisers Limited and Birla Global Finance
 Limited with the company, effective from 1 September 2005. By virtue
 of the merger, Birla Sun Life Asset Management and Birla Sun Life
 Distribution, leading players in high growth Asset Mangement and
 Wealth Management industry came into the company's fold.
 
 -Increased stake from 4.3 per cent to 20.7 per cent in Idea Cellular
 Limited, a company in the high growth telecom sector 
 
 
 2006
 
 -Aditya Birla Nuvo Limited has submitted a copy of Abstract of the
 terms of appointment of Dr. Bharat K Singh as Managing Director, and
 Mr. Vikram Rao as Whole-time Director u/s. 302 of the Companies Act,
 1956 and Performance Update for the half year ended September 30,
 2006.
 
 -Increased stake from 20.7 per cent to 35.7 per cent in Idea Cellular
 Limited
 
 -Acquired Minacs, a leading Canadian BPO company in August 2006
 
 -Insulators JV with NGK terminated mutually in November 2006
 
 -Caustic soda capacity increased by 65 tpd taking total capacity to
 225 tpd
 
 -18 mw power plant commissioned in September 2006 in the Rayon
 division
 
 -The chlor alkali and chlorine derivatives businesses of Aditya Birla
 Nuvo, Bihar Caustic and Grasim become a single SBU
 
 2007
 
 -Wholly owned subsidiary Aditya Birla Insulators Ltd. merged into
 Aditya Birla Nuvo w.e.f. 1 April 2007
 
 -Raised Rs. 777 crore through rights issue of equity shares
 
 -Brownfield expansion of 60,000 tpa completed at Hi- Tech Carbon,
 Gummidipundi, taking total capacity to 2,30,000 tpa
 
 
 2008
 
 - Aditya Birla Nuvo Ltd has informed that the Board of Directors of
 the Company at its meeting held on August 04, 2008, inter alia, have
 appointed Mr. Arun Maira as an Additional Director on the Board of
 the Company.
 
 -Aditya Birla Nuvo to mop up Rs 4,200cr
 
 2009
 
 - Aditya Birla Nuvo has acquired an additional 20 per cent in Apollo
 Sindhoori Capital Investments for over Rs 71 crore.
 
 -Aditya Birla acquires 76% in Apollo Sindhoori
Source : Dion Global Solutions Limited
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