YEAR                       EVENTS
 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
 main
        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
 obtained
        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
 in
        the prop. 1:2.
 
 1958 - 5,00,000 right equity shares issued to equity holders in the
        prop. 1:2.
 
 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.
 1:5.
 
 1973 - The Company developed broad gauge monoblock prestressed
 concrete
        sleepers for Railways.
 
 1977 - Production in the Mubarikpur unit remained suspended since
 March,
        for want of orders.
 
 1980 - The Company entered into an agreement with New Central Jute
 Mills
        Ltd., for the purchase of their soda ash and ammonium
 chloride
        plant at Varanasi known as Sahu Chemicals and Fertilisers. 
 The
        Company took over the plant during September and changed the
 name 
        from Sahu Chemicals and Fertilisers to the present one.
 
 1981 - Land, buildings and plant and machinery relating to the
 cement
        and the refractory units which were installed upto 31st
 December,
        were revalued as on 31st December, 1985.  The net surplus
 arising
        out of this was credited to the capital reserves.
 
 1982 - The Company decided to install a new, more efficient, dry
 process
        kiln of the capacity of 1,500 tonnes per day replacing both
 the
        existing wet process kilns.  It was also decided to install
 at
        Rajgangpur two imported captive diesel generating sets of the
        capacity of 5,000 KVA each.  These were received during 1983
 and
        were commissioned during 1987.
 
 1983 - The Hari Fertilisers plant had to be stopped for nearly 2
 months
        for want of coal or due to poor quality of coal.
 
 1984 - The Company cancelled all the 40,000 - 4.5% preference shares
 of
        Rs.100 each with effect from 1st January, and issued in lieu
 of
        them, to the holders of the preference shares, 40,000 - 12.5%
 
        unsecured non-convertible redeemable debentures of Rs.100 each
 as
        fully paid-up.
 
 1985 - The Company decided to go ahead with modernisation programme
 of
        the cement plant.
 
      - Production and sales of the Hari fertiliser division were 
        adversely affected due to stoppage of the plant operations
 for
        about 5 months on account of non-availability of coke.
 
 1987 - Two 5000 KVA D.G. set were installed at Rajgangpur and one
 more
        set was proposed to be imported.
 
      - On 16th December, vertical roller mill and blending silo
 together
        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
 mills
        into cement grinding mill later.
 
      - Production and sales of refractories were lower as compared
 to
        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. 
 Allotment
        of 764 bonus shares to NRIs pending.
 
 1988 - Margins, however, remained under pressure due to the
 introduction
        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
 per   
        annum from 5.25 lakh tonnes per annum.  The Company proposed
 to
        achieve this through the manufacture of Portland slag cement
 for
        which granulated slag was to be taken from Rourkela Steel
 plant.
 
      - The new dry process kiln was lit on 9th June.
 
      - The Company received a letter of intent for increasing
 licensed
        capacity of Rajgangpur Cement plant from 5.25 lakh to 8.00
 lakh
        tonnes per annum through manufacture of slag cement. 
 Necessary
        steps were taken for implementation of the said expansion
 plan.
 
      - 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
 equipment
        were to be imported from Japan and the USA for carrying out
 the
        said programme.
 
      - 764 bonus shares allotted to NRIs.
 
 1989 - IFCI agreed to extend the necessary financial assistance for
 the
        expansion of cement plant at Rajgangpur.  Due to some delay
 in
        engineering/designing, the work of setting up slag dryer
 facility
        was delayed.
 
      - 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
 in 
        LD converters, etc., developed by the Company's R&D unit,
 were
        launched.
 
      - A tripartite agreement was entered into on 19th October,
 between
        the Company and workmen and the Govt. of U.P. with regard to
        wages and other dues payable to the workmen pursuant to the 
        closure.
 
      - 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
 at
        Sahupuri.  This was to make available carbon-di-oxide also
 which
        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
 same
        during 1991-92.  A suitable technology/technical
 collaborators
        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
 torpedo
        ladles, super duty silica bricks for glass furnaces, coke
 oven
        gunning materials, lance pipes, tar ramming mass for
 converters,
        zircon militate quality bricks for feeder channel blocks for 
        glass industry etc. developed by the company's R&D unit were
        launched.
 
      - The Company entered into a collaboration agreement with M/s. 
        Tokyo Yogyo Co. Ltd., Japan to improve the quality of Magnesia
 
        carbon bricks.
 
 1992 - The demand for cement continued to remain slack and operations
 
        were adversely affected due to competition and low price
        realisation.
 
      - The Company entered into another technical collaboration 
        agreement for castable, precast shapes and lance pipe with
 Tokyo
        Yogyo Co. Ltd., Japan.
 
      - The U.P. Govt. had allocated molasses and industrial alcohol
 for
        manufacture of alcohol based chemicals.  Meanwhile the
 allocation
        of molasses was being reassessed due to changes in the import
        policy, lowering of duties and the pressures on domestic
 prices
        of end products.
 
      - Value of exports were low due to severe recession in Japan,
 which
        was the main market for the products of this Orissa Overseas
        division.
 
      - The project was being reasessed due to changes in the import 
        policy, lowering of duties and the pressures on domestic
 prices
        of end products.
 
      - On 13th May, the Company entered into an agreement to
 purchase
        25% of the share capital of `Softek Private Limited' which
 was
        engaged in the writing and marketing of software.
 
 1993 - `First Capital India Ltd.' engaged in the business of
 financial
        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
        cement plant.  
 
      - 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
        Company.
 
      - Konark Minerals Ltd., is also a wholly owned subsidiary of
 the
        Company.  This subsidiary was to undertake mining of
 fireclay,
        quartzite, chromite, etc., and supply the same to the
 company's
        refractories.
 
      - 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
 from
        `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
 cash
         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
 compulsorily
         converted into one equity shares of Rs. 10 each at a prmeium
 of
         Rs. 130 per share on 1.1.97.  All were accepted.
 
       - 16,37,366 Shares issued on conversion of zero coupon
 convertible
         debentures.
 
 
 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
 major Posco. 
 
 2003 - OCL India Ltd has informed BSE that Shri V P Sood as Wholetime
 Director of the Company with effect from April 1, 2003.
 
 
 2004
 
 -Icra assigns 'A1+' rating to OCL India
 
 -OCL with Parsvnath picks up DMRC bid for mega home project.
 
 2005
 
 -Company has splits its Face value of Shares from Rs 10 to Rs 2
 
 2006
 
 -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
 
 2008
 
 -The Comapny recommended dividend @ 125% on equity shares.
 
 -The Company appointed Mr. Puneet Dalmia as an Additional Director.
 
 2009
 
 -The Company has recommended dividend of Rs 2.50 per share (125%) on
 equity shares.  
 
 2010
 
 -The Company has recommended a dividend of Rs. 4.00 per share
 (200%).
 
 2011
 
 -The Company has recommended dividend of Rs. 4.00 per share (200%).
 
 2012
 
 -The Company has recommended dividend of Rs.2/- per share (100%).