Lanco Industries

Lanco industries was incorporated in the year 1991. It has two main
 products - pig iron and slag cement. 
 
 Commercial production at the pig iron plant in Tirupathi started in
 Sept. 1994. Capacity utilisation is 95.4% of rated capacity for
 1996-97.
 
 The company's captive power plant was commissioned in Feb 1995. For
 the year 1996-97, the company produced 24.8 MW internally which was 
 88% of its total consumption.
 
 The company has a downstream 70,000 TPA Slag cement plant, 50% of
 input coming from the pig iron plant. Commercial production started
 in April 1996. Capacity utilisation is 47.39% of rated capacity for
 1996-97.
 
 The company raised Rs. 454.73 lacs through a Rights issue of 1:5
 during  the year 1995-96 for its expansion/diversification into
 cement production.
 
 2001 - The Company has signed an agreement with CDSL, NSDL and Aarthi
 Consultants Pvt.
               Ltd., Hyderabad, for dematerialisation.
 
 2002-Lanco Industries Ltd has informed that Shri L Madhusudhan Rao
 the present Managing Director has resigned from the position of MD of
 the company and the Board has accepted the resignatio and also
 appointed Sri Gowri Shankar Tekriwal as Managing Director subject to
 the approval of shareholders and financial institutions.
 
 2004
 
 -Lanco signs MoU for Chhattisgarh project with UK firm