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IMP Powers
BSE: 517571|NSE: INDLMETER|ISIN: INE065B01013|SECTOR: Electric Equipment
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Company History - IMP Powers
YEAR                                                                  
     EVENTS
 1961 - Industrial Meters Limited was established, by Mr. R. R. Dhoot,
 the present Chairman
             & Managing Director of the Company.  The Company is
 engaged in the manufacturing
             of Electrical Instruments like Ammeters.
 
           - Meters like Three vector Meter, Maximum Demand Indicator,
 Low Power Factor Meter etc.
              were introduced and developed for the first time in the
 County by the Company. 
 
           - The Transformer Division of the Company was established
 in the mid sixties at a
              time when fast changes in the industrial scene in India
 were taking place through
              the Rural Electrification Programme.
 
           - The Company's Transformers have won appreciation from all
 the customers and
              are widely accepted by all the State Electricity Boards,
 Railways, Public & Private
              sector Undertakings etc. of the Country.
 
           - The Company faced certain labour problems due to
 instigation from outsiders
              which lead to violent threatening and man handling of
 Officials.
 
           - The Management declared a lock-out from 21/10/89 to
 8/4/90.  Since then the
              Company has not faced any labour problems.
 
 1994 - The Company has issued 1127000 No. of Equity Shares of Rs 10
              each as Bonus Shares on 11th April in the ration of 
              23:20 by capitalising Revaluation Reserve.  The issue of
 
              Bonus Shares as aforesaid is contrary to the
 recommendations 
              of The Institute of Chartered Accountants of India.
 
 1996 - The Meter division of the company continues with its thrust
 for
               innovation and has during the year introduced Meters
 with inter
               changeable dials both in India and Overseas.
 
            - The company is in the process of raising Non Convertible
 Debentures
               upto Rs.75 Million to meet its working capital
 requirements.  CRISIL
               rating BBB+ has been obtained for the instrument.
 
            - The Silvassa plant has been designed to manufacture upto
 220KV/150MVA
              Transformers as against 132KV/50MVA Transformers
 envisaged
               earlier.
 
 1997 - During the year under review, CRISIL has upgraded the rating
 for the
              Company's NCD programme from BBB + to A-.  The rating
 indicates adequate
              safety with regard to timely payment of interest and
 principal.
 
            - A major achievement is that the Kandivli Plant has been
 certified by DNV,
              Netherland for ISO 9001.  The company is the first to
 receive ISO 9001 Certification in
              India.
 
 1998 - The company has entered into the technical collaboration for
 the manufacture
              of higher rating transformers cum buy back agreement
 with Skoda ETD s.r.o.
              of the Czech Republic.
 
           - The company during the year entered into a technical
 collaboration with
              Skoda ETD s.r.o.
 
 1999 - The Silvassa unit of the company has performed well and was
 operational
               for the full year.  The unit has got ISO 9001 accretion
 from DNV
               Netherlands.
 
 2000 
 
 -IMP's Silvassa unit currently has the capacity to produce
 transformers upto 2,500 MVA
              rating.  Induction of Skoda's representatives onto the
 board of IMP is currently under
              negotiations.
 
 2005
 
 -Company has changed its name from IMP Power Ltd. to IMP Powers Ltd. 
                                                           
                                                              
 2007
 
 - IMP Powers Ltd has has bagged another Export Order for supply of
 Power Transformers valuing $ 1 million to Zambia.
 
 -Imp Power has designated E-mail ID for Investor Complaints:
 investor@imp-powers.com
 
 -The Company engaged in the Manufacturing of Power and Distribution
 Transformers has added another feather in its cap by manufacturing
 and despatching 100 MVA 230 kv class Transformer for Rajasthan Rajya
 Vidyut Nigam. The value of this one job is nearly 4 crs.
 
 -IMP Powers secures order worth Rs 20 crores from GETCO
 
 -IMP Powers secures Order worth Rs 65 crores from a renowned EPC
 Contractor for supply to Maharashtra State Electricity Board.
 
 2011
 
 -IMP Power has recommended dividend @ 10%
 
 2012
 
 -IMP Powers  Recommended a dividend of Re. 1/- (i.e. 10%) and also
 recommended a special dividend of Rs. 0.50 (i.e. 5%)
Source : Dion Global Solutions Limited
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