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Coastal Roadways > Company History > Transport & Logistics > Company History of Coastal Roadways - BSE: 520131, NSE: N.A
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Coastal Roadways
BSE: 520131|ISIN: INE229E01019|SECTOR: Transport & Logistics
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Company History - Coastal Roadways
YEAR                       EVENTS
 1968 - The company was incorporated on the 18th September as a
 public
        limited company.  The company was promoted by Madhan Gopal
 Todi
        Krishna Kumar Todi and Kanhaiya Kumar Todi.  The Company
 carries
        out surface transportation of goods.
 
      - The Company had a fleet of 90 vehicles with total carrying
        capacity of 1605 tonnes.  The Company also deploys 250 trucks
 of
        10 tonnes capacity on hired basis at any given time thereby
        increasing the capacity to 4,105 tonnes.
 
      - The Company caters to the transportation requirements of
 various
        industries viz. petroleum, heavy engineering,
 pharmaceuticals,
        chemicals etc. and has established its credentials as on
        efficient and professional transport agency.
 
      - The company also diversified into container traffic as it
        provides a number of advantages over conventional transport. 
 The
        company was able to offer value-added benefits to customers
        through container transport over conventional surface
 transport.
 
      - The company proposed to acquire further fleet of 50 trailers
 of a
        capacity of 14 tonnes at cost of Rs. 4,00,00 each.
 
 1994 - The Company proposed to enter into coastal shipping to meet
 the
        requirement arising out of coastal trade which was expected
 to
        grow.  Proposals for starting ro-ro services were also being
        considered.
 
      - During the year, negotiations were on for shipping in coastal
        areas to meet the requirement in coastal trade.  Plans were
 also
        afoot to introduce new sylo type PVC containers, the latest
        state-of-the-art technology in transportation industry to
 cater
        to the growing demand.
 
      - During July, the company offered 20,00,000 No. of equity
 shares
        at a premium of Rs 10 per share as follows:
 
      - (i) 40,00,000 shares were offered to the Financial
 Institutions
        on firm allotment basis.  (All were taken up);
 
      - (ii) 4,00,000 shares were offered to NRIs, OCBs on
 preferential
        allotment basis.  (Only 2,36,200 shares were taken up. 
 Balance
        1,63,800 shares were added to public issue).
 
      - (iii) 50,000 shares were offered to employees.  (Only 44,100
        shares were taken up.  Remaining 5,900 shares were added back
 to
        public issue).
 
      - (iv) 11,50,000 shares were offered to the public.  (All were
        taken up including unsubscribed portion of other categories. 
 200
        additional shares were allotted to public.
 
      - Coastal Overseas Ltd. is the subsidiary of the Company.
 
 2007
 
 -Coastal Roadways Ltd has appointed Sri. A C Chakrabortti as a
 Director of the Company from September 25, 2006.
 
 2008
 
 -Coastal Roadways Ltd has has recommended a dividend of 5%, subject
 to approval of shareholder
 
 2011
 
 -Company has recommended a dividend of 9%, subject to approval of
 shareholders.
Source : Dion Global Solutions Limited
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