1949 - The Company was Incorporated in Orissa State.
- The Company's object is to manufacture cement, refractories,
reinforced cement, concrete pipes etc. The Company uses the
trade name Konark for cement and Dalmia for refractories.
- The Company's work are situated at Rajgangpur, Orissa on the
line of S.E. Railway. The Company owns limestone quarries and
fireclay and Kaolin mines in the areas adjoining the factory.
Quartzite, the raw material for silica refractories, is
from the mines owned by Dalmia Cement (Bharat) Ltd.
- Preference shares are held by Govt. of Orissa.
1956 - 3,21,360 right equity shares issued at par to Equity holders
the prop. 1:2.
1958 - 5,00,000 right equity shares issued to equity holders in the
1959 - 7,50,000 right equity shares issued to equity holders in the
prop. of 1:2.
1967 - In January, 4,50,000 bonus equity shares issued in the prop.
1973 - The Company developed broad gauge monoblock prestressed
sleepers for Railways.
1977 - Production in the Mubarikpur unit remained suspended since
for want of orders.
1980 - The Company entered into an agreement with New Central Jute
Ltd., for the purchase of their soda ash and ammonium
plant at Varanasi known as Sahu Chemicals and Fertilisers.
Company took over the plant during September and changed the
from Sahu Chemicals and Fertilisers to the present one.
1981 - Land, buildings and plant and machinery relating to the
and the refractory units which were installed upto 31st
were revalued as on 31st December, 1985. The net surplus
out of this was credited to the capital reserves.
1982 - The Company decided to install a new, more efficient, dry
kiln of the capacity of 1,500 tonnes per day replacing both
existing wet process kilns. It was also decided to install
Rajgangpur two imported captive diesel generating sets of the
capacity of 5,000 KVA each. These were received during 1983
were commissioned during 1987.
1983 - The Hari Fertilisers plant had to be stopped for nearly 2
for want of coal or due to poor quality of coal.
1984 - The Company cancelled all the 40,000 - 4.5% preference shares
Rs.100 each with effect from 1st January, and issued in lieu
them, to the holders of the preference shares, 40,000 - 12.5%
unsecured non-convertible redeemable debentures of Rs.100 each
1985 - The Company decided to go ahead with modernisation programme
the cement plant.
- Production and sales of the Hari fertiliser division were
adversely affected due to stoppage of the plant operations
about 5 months on account of non-availability of coke.
1987 - Two 5000 KVA D.G. set were installed at Rajgangpur and one
set was proposed to be imported.
- On 16th December, vertical roller mill and blending silo
with associated equipments were commissioned. The kiln was
expected to be commissioned by the end of April 1988. The
Company proposed to take up conversion of existing slurry
into cement grinding mill later.
- Production and sales of refractories were lower as compared
1986, due to lock-out at the unit from 1st October, to 4th
December. The lock out had been lifted since then.
- 27,00,000 bonus equity shares issued in the ratio 1:1.
of 764 bonus shares to NRIs pending.
1988 - Margins, however, remained under pressure due to the
of total decontrol from March 1989.
- A letter of intent was received for expanding the licensed
capacity of the cement plant at Rajgangpur to 8 lakh tonnes
annum from 5.25 lakh tonnes per annum. The Company proposed
achieve this through the manufacture of Portland slag cement
which granulated slag was to be taken from Rourkela Steel
- The new dry process kiln was lit on 9th June.
- The Company received a letter of intent for increasing
capacity of Rajgangpur Cement plant from 5.25 lakh to 8.00
tonnes per annum through manufacture of slag cement.
steps were taken for implementation of the said expansion
- Ageing of the Hari Fetilisers affected its operations. The
Company was hence compelled to close down the plant effective
from 4th January.
- Necessary approvals were received for commencing new business
of computer software and software services. A new division
in the name of DIGITAL CENTRE was proposed to be set up for
the same. Initially, it was proposed to undertake work in
computer graphics and animation in the number of applications
such as Education, Broadcasting, Tourism, Engineering design,
Medical imaging etc. State-of-the-art technology and
were to be imported from Japan and the USA for carrying out
- 764 bonus shares allotted to NRIs.
1989 - IFCI agreed to extend the necessary financial assistance for
expansion of cement plant at Rajgangpur. Due to some delay
engineering/designing, the work of setting up slag dryer
- The Company proposed to undertake modernisation of cement
grinding, packing and loading system.
- New products such as alumina carbon shrouds, slide gate
refractories, purging elements for bottom blowing technology
LD converters, etc., developed by the Company's R&D unit,
- A tripartite agreement was entered into on 19th October,
the Company and workmen and the Govt. of U.P. with regard to
wages and other dues payable to the workmen pursuant to the
- The Govt. of India accorded all the necessary sanctions,
registrations and permissions.
1990 - Production declined due to dislocation in the manufacturers
facilities. This in turn affected adversely both export
performance and working results.
- The Company proposed to manufacture chemicals from molasses
Sahupuri. This was to make available carbon-di-oxide also
together with the bought out ammonia from nearby fertilizer
factories was to make possible restarting of closed down
ammonium and soda ash plants.
- The Company, undertook to submit a project report to the U.P.
Govt. seeking for allocation of molasses and received the
during 1991-92. A suitable technology/technical
were being selected to prepare a project report.
1991 - Price realisation was low due to fall in demand.
- New products/processes such as alumina carbon bricks for
ladles, super duty silica bricks for glass furnaces, coke
gunning materials, lance pipes, tar ramming mass for
zircon militate quality bricks for feeder channel blocks for
glass industry etc. developed by the company's R&D unit were
- The Company entered into a collaboration agreement with M/s.
Tokyo Yogyo Co. Ltd., Japan to improve the quality of Magnesia
1992 - The demand for cement continued to remain slack and operations
were adversely affected due to competition and low price
- The Company entered into another technical collaboration
agreement for castable, precast shapes and lance pipe with
Yogyo Co. Ltd., Japan.
- The U.P. Govt. had allocated molasses and industrial alcohol
manufacture of alcohol based chemicals. Meanwhile the
of molasses was being reassessed due to changes in the import
policy, lowering of duties and the pressures on domestic
of end products.
- Value of exports were low due to severe recession in Japan,
was the main market for the products of this Orissa Overseas
- The project was being reasessed due to changes in the import
policy, lowering of duties and the pressures on domestic
of end products.
- On 13th May, the Company entered into an agreement to
25% of the share capital of `Softek Private Limited' which
engaged in the writing and marketing of software.
1993 - `First Capital India Ltd.' engaged in the business of
services became subsidiary of the company.
- Telecom Services India Ltd. became subsidiary of Utkal
Investments Ltd. and as such a subsidiary of the Company.
1995 - New generation monolithic refractory products like castables,
precast blocks, lance pipes etc. manufactured with technology
from TYK Corporation, Japan were successfully introduced.
- The Company undertook modernisation and expansion of existing
- The Company also undertook expansion and modernisation of
existing Refractory plant by setting up of additional
manufacturing facilities and modernising the existing one.
- Utkal Investments Ltd., is a wholly owned subsidiary of the
- Konark Minerals Ltd., is also a wholly owned subsidiary of
Company. This subsidiary was to undertake mining of
quartzite, chromite, etc., and supply the same to the
- Kashmissa Industries Ltd., and Hari Fertilisers Ltd. are also
100% subsidiaries of the company.
1996 - Effective 15th January, the name of the company was changed
`Orissa Cement Ltd.' to OCL India Ltd.
- During October/November, the Company offered 18,00,000 zero
coupon convertible debentures of Rs. 140 each (ZCCDS) for
at par with one Detachable warrant attached thereto on right
basis in the ratio of one ZCCD for every three equity shares
held. The debentures was to be automatically and
converted into one equity shares of Rs. 10 each at a prmeium
Rs. 130 per share on 1.1.97. All were accepted.
- 16,37,366 Shares issued on conversion of zero coupon
1997-OCL India Ltd a Dalmia group company inaugurated its new
cement and grinding plant thereby expanding the installed capacity
of the plant to one million tonnes from 700 000 tonnes.
--OCL India Ltd part of the Dalmia group of companies has bagged a
-million order for industrial ceramics from South Korean steel
2003 - OCL India Ltd has informed BSE that Shri V P Sood as Wholetime
Director of the Company with effect from April 1, 2003.
-Icra assigns 'A1+' rating to OCL India
-OCL with Parsvnath picks up DMRC bid for mega home project.
-Company has splits its Face value of Shares from Rs 10 to Rs 2
-OCL India signs MoU with Government of Orissa.
-The Company has incorporated a wholly owned subsidiary company (WOS)
with the name OCL Iron & Steel Ltd.
-OCL India Ltd Issues Rights in the Ratio of 1:6
-The Comapny recommended dividend @ 125% on equity shares.
-The Company appointed Mr. Puneet Dalmia as an Additional Director.
-The Company has recommended dividend of Rs 2.50 per share (125%) on
-The Company has recommended a dividend of Rs. 4.00 per share
-The Company has recommended dividend of Rs. 4.00 per share (200%).
-The Company has recommended dividend of Rs.2/- per share (100%).