Nagarjuna Fertilisers and Chemicals

1976
 
 - The Company was Incorporated on 28th January, at Hyderabad.  It
 was
 promoted by Shah Wallace & Co. Ltd., Nagarjuna Fertilizers Ltd.,
 another company promoted by Shah Wallace & Co. Ltd., was amalgamated
 with the Nagarjuna Fertilizers & Chemicals Ltd., with effect from
 1st
 April, 1977.
 
 - The Company entered into foreign collaboration agreements with
 Snamprogetti S.P.A., Italy for the urea process and with Haldor
 Topsoe
 A/S., Denmark for the ammonia process.
 
 - The Company undertook to set up a project for the manufacture of
 900
 tonnes per day of ammonia and 1,500 tonnes per day of urea (2,97,000
 tonnes of ammonia and 4,95,000 tonnes of urea per annum).
 
 1989
 
 - The Company allotted 13,00,000-10% CCPs of Rs 100 each at farmers,
 dealers of the Company and group shareholders.
 
 1990
 
 - 584,21,729 No. of equity shares and 13,00,000 CCPs subscribed for
 by
 the promoters, directors, their associates, etc. 12,25,00,000 No. of
 equity shares issued at par of which 145,00,000 shares allotted on
 preferential basis to Mutual Funds (50,00,000 shares to Canbank
 Mutual
 Fund; 50,00,000 shares to Indian Bank Mutual Fund; 40,00,000 shares
 to
 SBI Mutual Fund and 5,00,000 shares to LIC Mutual Fund).
 
 - Out of the remaining 1080,00,000 No. of equity shares, 285,57,000
 shares reserved for preferential allotment as follows:
 
 - (i) 90,57,000 shares to employees/workers of the Company and the
 promoters companies (only 7,99,200 shares taken up);
 
 - (ii) 100,00,000 shares to non-resident Indians (only 22,33,000
 shares
 taken up) and
 
 - (iii) 95,00,000 shares to Mutual Funds (all were taken up).  The
 balance of 794,43,000 shares, together with the unsubscribed
 160,24,800
 shares belonging to the employees and non-resident' quota were
 offered
 to the public in January 1991.
 
 1991
 
 - The Company reserved and allotted 8,00,000-10% CCPs to
 non-resident
 Indians.  Each CCPs is convertible into 10 equity shares of Rs 10
 each
 between 3 years and 5 years from the date of allotment of the CCPs.
 
 1992
 
 - The Company issued 5,55,35,000-18% secured partly convertible
 debentures of Rs 40 each at par of which 3,32,88,260 debentures were
 offered on rights basis to the shareholders in the proportion of 3
 debentures: 20 equity shares/2 cumulative convertible preference
 shares
 held.  Only 170,20,884 debentures taken up.  Of the remaining
 222,46,740 debentures, 11,12,337 debentures were offered to
 employees
 (none were taken up) and 25,00,000 debentures were offered to NRIs
 (only 14,32,965 debentures taken up).  The balance 186,34,403
 debentures along with 184,46,748 debentures not taken by
 shareholders
 (right issue), employees and NRIs were issued to the public.  All
 were
 taken up.
 
 - Each debenture of Rs 40 was divided into Part A and Part B of Rs
 20
 each.
 
 - Rs 10 of Part A of each debenture was to be converted into one
 equity
 share of Rs 10 each at par on the date of allotment of debentures. 
 The
 balance of Rs 10 of each debenture was to be redeemed in three
 installment of Rs 3, Rs 3 and Rs 4 at the end of 7th, 8th and 9th
 years
 from the date of allotment.
 
 - Part B of Rs 20 will be converted at the option of the investor
 into
 one equity share of Rs 10 each at a premium of Rs 10 per share.  The
 amount was to be redeemed in three installments of Rs 6, Rs. 6 and Rs
 8
 at the end of 7th, 8th and 9th year from the date of allotment of
 debentures.
 
 - Jaiprakash Engineering and steel company Ltd and Pennar Refineries
 Ltd. are the subsidiaries of the company.
 
 1993
 
 - 210,00,000 shares allotted on conversion of `B' part of
 debentures.
 
 1995
 
 - With a view to bringing about improvement in farm management
 practices the Company set up a Agri-Output divisions.
 
 - The Company proposed to set up a 2.2 million tpa export oriented
 integrated hot rolled coils steel plant at Mangalore.
 
 1996
 
 - The Company for the third consecutive year received the British
 Safety Council Award in recognition of company's excellence in the
 field of safety.
 
 - The Company proposed to enter into a joint venture agreement with
 international majors in steel for setting up a project as a separate
 company.
 
 - The Company signed a joint venture agreement with Haifa Chemicals
 Ltd., Israel, for production and marketing of water soluble
 speciality
 fertilizers.
 
 1997
 
 - In view of the synergy of operations the Company undertook to set
 up
 a refinery at Cuddalore in Tamil Nadu through Pennar refineries Ltd.
 along with Tamil Nadu Industrial Corporation.
 
 - 18,33,333 shares allotted on amalgamation of Sri Ganesh
 Petrochemicals Ltd., with the Company in the proportion of 1:3 in
 1996-97.
 
 - NFCL had planned to set up a 2.2 million-tonne flat steel project
 in
 Mangalore, Karnataka, as part of its diversification move.
 
 - The company is diversifying into steel and will set up a new
 company
 with a 30 percent equity stake.
 
 - The company also intends to set up an export-oriented integrated
 hot-rolled coils steel plant under a separate company and is also
 scouting for foreign partners for the project.
 
 - Nagarjuna Fertilizers and Chemicals Ltd. (NFCL) was awarded the
 prestigious Rajiv Gandhi Paarti Bhoomi Mitra Award.
 
 - The Hyderabad-based Nagarjuna Fertilisers & Chemicals Ltd.  (NFCL)
 has entered into an agreement with Haifa Chemicals of Israel to
 manufacture and market chemical fertilisers in the country.
 
 - NFCL's project proposal was to set up an EOU at Nellore with
 foreign
 equity collaboration for the manufacture of liquefied petroleum gas,
 motor spirit and aviation turbine fuel or jet kerosene.
 
 - Nagarjuna Fertilisers & Chemicals Ltd. (NFCL) to set up a refinery
 as
 a 100 per cent export-oriented unit at Nellore has received a
 setback
 with the Foreign Investment Promotion Board (FIPB) rejecting the
 project proposal.
 
 - NFCL has an assured supply agreement with the Gas authority of
 India
 for 11 years and a captive power plant which meets 50 percent of its
 power requirement.
 
 1998
 
 - The refinery with a capacity of five million tonnes per annum will
 be
 set up at Cuddalore in Tamil Nadu.
 
 - The Foreign Investment Promotion Board has cleared the Rs 1,660
 crore
 LNG terminal to be set up by Nagarjuna Fertilisers along with the
 UK-based Hardy Oil and Hindustan Oil Exploration Company.
 
 - Nagarjuna Chemicals and Fertlisers Ltd. is tying up with British
 energy company, Hardy Oil Ltd, to form a joint venture for setting up
 a
 one million metric tonne liquefied natural gas (LNG) terminal and
 regassification facility at Kakinada in Andhra Pradesh.
 
 - The conversion of loans into equity is part of the term loan
 agreement entered into by the company with FIs, led by Industrial
 Development Bank of India (IDBI).
 
 1999
 
 - NFCL, which recently forayed into information technology, will
 invest
 Rs 10 crore into the joint venture.
 
 - The company has issued 1,54,000 equity shares to financial
 institutions as per the loan agreement, while core promotes have
 increased their equity by 50,75,000 shares at a premium of Rs 5.71
 per
 share.
 
 - The financial closure of Nagarjuna Oil Corporation Ltd, which is
 setting up a 6 million tonnes per annum refinery plant at Cuddalore.
 
 2000
 
 - The Company shall be offered by company two fully paid-up equity
 shares of Rs. 10/- each in Nagarujuna Oil Corporation Ltd., 100%
 subsidiary of the company, in exchange of one fully paid-up equty
 share
 of Rs. 10/- each held in the company.
 
 - The Company received the Vana Mitra Award instituted by the
 Department of Forests, Government of AP.
 
 - Credit Analysis & Research has downgraded PR1+ to PR1, while the
 AA-
 rating assigned to the fixed deposit and been downgraded to A+.
 
 2001
 
 - The Rs 1,300 crore Nagarjuna Fertilisers and Chemicals Limited
 (NFCL)
 will be merged with Nagarjuna Corporation Ltd (NCL).
 
 2002
 
 -NFCL unveils Divyashakti, a customized granulated fertilizer blend.
 
 -NFCL, Kakinada obtains the Environment Protection Award in the
 nitrogenous
 Fertiliser Plants category.
 
 2003
 
 -Company bags ISO 9001:2000 for Quality Management System (QSM).
 
 -Members approve for delisting from 6 Stock Exchanges.
 
 -Mr. O P Jagetiya ceased to be the Director and Wholetime Director of
 the Company.
 
 -Nagarjuna Fertilizers and Chemicals Ltd (NFCL) has been given the
 cleaner production award for good practises by the Andhra Pradesh
 Pollution Control Board (APPCB)
 
 2005
 
 -NFCL names PwC as consulting partner for business re-engineering
 
 -Nagarjuna Fertilisers & Chemicals Ltd wins Fertiliser Association of
 India Environment Protection Award in the nitrogenous fertiliser
 
 -Nagarjuna Fertilisers and Chemicals selected for the `Excellence in
 Natural Gas Conservation' award in the fertilisers category
 
 2006
 
 -Nagarjuna Fertilizers & Chemicals Ltd has informed that Shri. V N
 Rai Ceased to be the Alternate Director to Shri. Chandra Pal Singh
 Yadav, Nominee Director of KRIBHCO, with effect from July 08, 2006.
 
 - Nagarjuna Fertiliser & Chemicals Ltd. has informed that IFCI
 Limited Vide their letter No.IFCI/NDC-2/2006-7332 dated October 3,
 2006 have nominated Shri B B Tandon as their nominee on the Board of
 Directors of the Company in place of Shri R K Chavali with effect
 from October 27, 2006.