Dalmia Cement (Bharat)

YEAR                       EVENTS
 1951 - The Company was Incorporated in the State of Tamilnadu.
              With its Reg.office at Dalmiapuram, Tiruchirappalli, 
              Tamilnadu-621651
 
      - The Company's object is to manufacture cement, drainage
 pipes,
        pipes for water supply and irrigation, culverts, porcelain 
        sanitary ware, insulated acid resisting tiles, radios, record
        players, tape recorders and allied instruments.  The products
 are
        sold under the name `Dalmia'.
 
 1955 - Nominal value of 59,307 preference shares of Rs.100 each and 
        10,59,919 No. of equity shares of Rs.10 each reduced to Rs.40
 and
        Rs.2.50 each respectively.  69 preference and 81 No. of
 equity
        shares issued.
 
 1956 - In October 3,56,250 right preference shares of Rs.10 each and
        31,80,000 right equity shares of Rs.2.50 each offered in prop.
 6
        new pref. : 1 pref. Rs.40 and 3 new equity : 1 equity of
 Rs.2.50.
 
 1957 - 4 equity shares of Rs.2.50 each consolidated into one equity
        share of Rs.10 each.
 
 1958 - Preference shares of Rs.100 and Rs.40 sub-divided into
 preference
        shares of Rs.10 each.
 
 1959 - 2,17,788 rights equity shares of Rs.10 each issued at par
 prop.1
        new equity share against paid up.  Value of existing equity
 and
        or deferred shares of Rs.60 or part thereof.
 
 1962 - The Magnesite Corporation of India Ltd., a wholly owned 
        subsidiary and manufacturing dead-burns magnesite at its plant
 in
        Salem was amalgamated with the Company on 1st January, 1964.
 
 1963 - 49,925 pref. and 74,965 No. of equity shares allotted without
        payment in cash to members of the Magnesite, Corpn. of India,
 Ltd
        on its merger in prop. 1:1 (pref.) and 1:1 (equity).
 
 1964 - Defd. shares converted.  1,25,000 No. of equity shares of
 Rs.10
        each issued to the holders of 5 lakh Defd.  Shares in prop.
 1:4
        by capitalising the amount from the Reserve fund.
 
 1965 - In November, the Company purchased a cashew factory at Kundara
 in
        Kerala state.  The Cashew business is carried on by the
 company
        under the name and style of Dalmia International.
 
 1967 - The export business was extended to other commodities like
 coffee
        walnuts and black pepper.
 
      - In April, 7,43,986 Bonus equity shares issued in the prop.
 2:5.
 
 1968 - 2,62,908 pref. shares cancelled and converted into 1,96,431
 No.
        of equity shares on 2nd December.
 
 1969 - 91,968 pref. shares cancelled and converted into 68,976 No.
 of
        equity shares on 22nd August.
 
 1970 - The Company set up a travel agency business in New Delhi under
 
        the name and style of `Govan Travels' and it was recognised
 by
        the International Air Transport Association and also by the
        Department of Tourism, Ministry of Tourism and Civil
 Aviation,
        Govt. of India.  Branch offices were opened at Mumbai and
        Chennai in 1971.
 
 1975 - Dalmia Dairy Industries, Ltd. (formerly Dalmia Cement, Ltd.)
        ceased to be a subsidiary of the Company with effect from
 31st
        January.
 
 1976 - A new office was opened at Cochin in May.
 
 1978 - The Company was compelled to close its cargo business.
 
 1980 - The possession of the Ballabhgarh factory of the erstwhile 
        Telesound India, Ltd. was taken from the Receiver from
 December.
 
      - The Company introduced new stereo systems.
 
      - Telesound India Ltd. (TIL) (formerly Telefunken India Ltd.)
 was
        amalgamated with the company with the company with effect
 from
        1st January.
 
      - In terms of the scheme of Amalgamation approved by the High
 Court
        of Delhi and Chennai, the Company allotted 1,91,985 - 11%
        cumulative redeemable preference shares of Rs.10 each to the 
        former shareholders of TIL.  TIL was a sick unit and was
        manufacturing radio receivers.  After amalgamation, the
        manufacturing unit of TIL at Ballabhgarh became the
 Electronics
        Division of the Company under the name and style of Dalmia
        Electronics Corporation.
 
 1983 - The land and buildings at Ballabhgarh, New Delhi and Mumbai
 were
        revalued as on 31st December.  The net surplus arising out of
        this was credited to revaluation reserve.
 
 1985 - The operation of the cement division suffered due to power
 cuts
        and rise in the costs of coal and power.
 
      - The captive diesel generating sets installed, which were 
        originally conceived as a stand-by arrangement, had to be run
        throughout the year.
 
      - Production and sales registered substantial improvement due
 to
        increased offtake of dead-burnt magnesite by refractory
 industry.
 
      - The Kerala Government issued a notice for acquisition of the 
        cashew processing unit and took possession of the unit on
 20th
        February.
 
      - The Company challenged the acquisition of the cashew
 processing
        unit through a writ petition before the Kerala High Court and
        obtained a stay.
 
 1986 - The magnesite ore beneficiation plant was commissioned in
 March.
        The mining lease of the Company's magnesite mines was due to 
        expire during the year.
 
      - In January, it was decided to suspend further activities of
 the
        merchant exports division due to the division's continued 
        unsatisfactory performance.
 
      - Due to continued pressure of competition from kit-technology,
 the
        desired level of production and sales could not be achieved.
 
 1987 - Both production and sales were adversely affected because of
        strike by workers for almost 45 days.
 
      - The Company proposed to install a new mill house in view of
 the
        long term monoliths requirements.
 
      - Two new Hi-Fi Ampli cassette deck music systems were
 introduced.
 
 1988 - Production and sales were adversely affected due to
        non-availability of acceptable quality of raw magnesite in
        sufficient quantity from the mines.
 
      - The Company executed a joint venture agreement with
 Industrial
        Promotion and Investment Corporation of Orissa Ltd. (IPICOL)
 for
        the manufacture of 100,000 TPA of pig iron.
 
 1989 - Production and sales of dead-burnt magnesite did not improve
 much
        due to non-availability of acceptable quantity of raw
 magnesite
        in the Company's mines.
 
      - Due to high level of already existing clinker, stock
 production
        had to be curtailed to avoid building up to stocks to unduly
        high levels.
 
      - As a measure of cost reduction and conservation of energy, a
 ship
        power recovery system was commissioned during the year.  `O'
 sepa
        high efficiency separator for cement mill was installed and an
 
        order was placed for kiln supervisory control system.
 
      - Production and despatch of cement did not improve due to 
        prevailing competition, oil crisis and short supply of
 wagons.
 
 1990 - Colour television was introduced and new economical design
 Hi-Fi
        Ampli Cassette Deck Music systems were introduced towards the
 end
        of the year.
 
      - Serious disturbances in the Northern part of the country and
 the
        Gulf war affected the tourist season and the foreign exchange
        earnings suffered a set back.
 
      - The multilayer ceramic capacitor plant was commissioned after
 
        receipt of requisite clearance from the State Pollution
 Control
        Board.
 
 1991 - The Company installed one 4.3 MW imported diesel generator
 that
        could run on heavy fuel oil.  Steps were taken to automate
        cement grind control for cement mills.
 
      - The Company proposed to put up a Wind Mill Farm in Tamilnadu
 for
        producing power by using wind energy to be used in the cement
        unit.
 
      - New models Hi-Fi Ampli cassette deck music system were
        introduced.
 
      - Colour Televisions based on ET & T design were produced in
 small
        quantities.
 
      - Approvals from Bharat Electronics and Electronics Corporation
 of
        India, Ltd. was received.
 
      - The Company had signed a Memorandum of Understanding with
 Gujarat
        Mineral Development Corporation Ltd., to jointly implement a
        project for manufacturing cement based on lignite fuel and
        limestone deposits available in Kutch district of Gujarat.
 
      - 28,69,358 bonus shares issued in prop. 1:1.
 
 1992 - Due to sharp decline in new orders from Departul of 
        telecommunication for new exchanges, orders for components
 from
        Original Equipment Manufacturers declined sharply.
 
 1993 - Introduction of many new black and white TV models.
 
      - During April, the first phase of a wind mill farm for
 producing
        2.25 MW of electricity was commissioned.
 
      - Effective 1st April, Vivek Ganna Ltd., were merged with the
        company.  The Company took over implementation of its 2500
 tonnes
        sugar project at Ramgarh at in Sitapur district of UP under
 the
        name and style of `Ramgarh Chain Mills'.  Efforts were on to
        commission the plant during 1994-95 sugar season.
 
      - Shri Rangam Investment Co., Ltd., Poonam Finance, Ltd.,
 Anupama
        Investment Ltd., Kanika Investment, Ltd. and Surya Finance
 Ltd.
        are wholly owned subsidiaries of the Company.
 
      - 19,12,905 bonus equity shares allotted in prop. 1:3.
 
 1994 - Both production and despatches had gone up due to increased 
        demand for cement in Kerala and Tamil Nadu.
 
      - The Company has iron ore mines in the Bellary Hospet area.
 
      - Demand for dead burnt magnesite continued to be low due to
 less
        orders from integrated steel plants.  During the year
 Forsterite
        bricks were developed.
 
      - The Dalmia Electronics Corporation unit proposed to develop
 and
        launch many new audio models in November.
 
      - A wide range of new audio products were introduced.
 
      - The sugar unit was commissioned in the last week of December.
        Delay in the commissioning of the second boiler resulted in
 low
        crushing.
 
 1995 - Chip Resistor plant orders were placed during the year.
 
      - Production and sales of dead burn magnesite and Monoliths
 were
        affected for 33 days in April and May due to strike by
 workers.
 
 1996 - Sales were affected due to reduced demand from steel and
        refractory manufacturers coupled with severe competition from
        import of Dead Burnt Magnesite also affected sales.
 
      - Production and sales of Audito products declined due to
        competition from overseas producers.
 
 1997 - Sales were affected due to recession in the Steel Industry
 and
        stoppage of the plant for about 100 days.
 
      - Dalmia Cement Bharat (India) Limited has proposed to the
        Karnataka Government to increase the capacity of its proposed
        foundry grade pig iron plant in Rani Bennur district of
        Karnataka.
 
      - The mining activity at the Hospet unit of the company has
 been
        suspended consequent to the interim order of the Supreme
 Court
        to stop mining in the forest area.
 
 1998 - The company has also set up sugar plant in Uttar Pradesh,
 which
        is being expanded, with cane crushing of 2,500 tonnes per
 day.
 
      - Icra has assigned a double-A rating to the Rs 50 crore
        long-term non-convertible debenture programme of Dalmia
 Cement
        Bharat Ltd, indicating high safety.  The medium- and
 short-term
        ratings have also been reaffirmed at MAA+ and A1+.
 
      - The company has planned to increase the capacity to 230,000
        tonnes per annum (tpa) from the initial 180,000 tpa.
 
      - The company is also seeking a technical collaboration from
        Shougang of China.
 
 1999 - The Rs 290-crore (Rs 100 crore = Rs 1 billion) Dalmia Cement
        (Bharat) Ltd is on the lookout for strategic alliances
        including acquisitions and joint ventures to be set up in the
        near future.
 
      - Dalmia Cement's fixed deposit programme is open for
 subscription.
        It has a MAA+ rating from ICRA.
 
 2000 - Dalmia Cement (Bharat) Ltd has introduced Dalmia Vajram
 Cement.
 
          -  Mr. S. Ravi, Nominee Director of Indian Renewable nergy
 Development Agnecy Ltd, 
              has withdrawn from the board effective from 7th
 September.
 
 2002
 
 -Expands its capacity stands from 10.34 lakh TPY to 12.34 lakh TPY.
 
 2003
 
 -RBI notifies NRI's and people of Indian Origin not to purchase the
 shares of the company without obtaining prior clearance from the
 regulator.