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Prism Cement
BSE: 500338|NSE: PRISMCEM|ISIN: INE010A01011|SECTOR: Cement - Major
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Company History - Prism Cement
YEAR                                                           
 EVENTS
 1992 - The Company was incorporated under the name and style of
 Karan
        Cement Limited on 26th March, by Dr. B.V Raju and his
 associates.
 
 1993 - A Joint Venture Agreement has been executed on 16th April,
        between Mr. Rajan Raheja, F.L. Smidth & Co., A/S, Denmark and
 The
        Industrialisation Fund for Developing Countries, Denmark for
        promoting a project for setting up and operating a 2 million
        tonnes per annum cement plant by the Company.
 
 1994 - The name of the Company was subsequently changed to Prism
 Cement
        Limited and a fresh Certificate of Incorporation consequent
 on
        change of name was obtained on 15th September.
 
      - The Company is presently engaged in setting up a 2 million
 tonnes
        per annum cement plant near Satna in Madhya Pradesh.
 
      - The Company is installing Generating Power Sets of 12 MVA
        capacity.
 
      - The Company has obtained the Madhya Pradesh Pollution Control
        Board's clearance and the Site Environment clearnace from the
        Industries Department, Government of Madhya Pradesh for
        establishing the plant at the selected site.
 
      - The Company has allotted 3,50,00,000 No. of Equity Shares of
 Rs
        10 each for cash at par to Promoters, their business
 associates
        and to the Directors and friends.
 
 1995 - The Company made its maiden public issues of 7,87,60,000
 equity
        shares of Rs. 10/- each, at par, aggregating Rs. 7,876 lakhs
 and
        37,00,000 13.5% secured redeemable partly convertible
 debentures
        (PCD) of Rs. 250/- each, at par, aggregating Rs. 9,250 lakhs
 in
        the month of January.
 
      - The Company has tied up its full requirement of term loans of
 Rs.
        24,300 lakhs with financial institutions and banks.  The
 Company
        has signed a foreign currency loan agreement with
 International
        Finance Corporation, Washington and a Rupee term loan
 agreement
        with The Industrial Credit and Investment Corporation of
 India
        Limited.
 
 1996 - The Company has signed loan agreements with all Financial
        Institution/Banks who have sanctioned term loans.
 
      - It is proposed to issue upto 1,66,70,000 Equity Shares of
 Rs.10/-
        each for cash at a price to be determined as per SEBI
 guidelines
        or at par, whichever is higher, on preferential basis to the
        Indian promoters and/or their relatives, group/associate
        Companies, whether such persons are members of the Company or
        not, as may be deemed appropriate by the Board.
 
 1997 - The company, jointly promoted by the Rajan Raheja group, F L
        Smidth & Co of Denmark and the industrialisation fund for
        Developing Countries, Denmark, is believed to have the
 largest
        single kiln cement plant in the country.
 
      - The company proposes to cater mainly to north and central
 India.
        It has set up a central marketing office at Allahabad in
 Uttar
        Pradesh (UP), which is supported by regional offices at
 Satna,
        Varanasi (UP) and Delhi.  Besides, it has also set up area
        offices and depots at all major towns of UP, MP and Bihar.
 
      - As on September 22, 121 issuers have entered into agreements
 with
        NSDL to get their securities dematerialised.
 
 1998 - Prism Cements of the Raheja group, which owns a two million
 tpa
        cement plant at Satna in Madhya Pradesh, in setting up
 another
        plant of similar capacity at Kottapadu village in Kurnool
        district of Andhra Pradesh.
 
      - The Madhya Pradesh-based group has chosen to set up the plant
 in
        Kurnool district, keeping in view the large limestone
 deposits
        the district possesses.
 
 1999 - Prism Cement is all set to ride the boom in the cement
 industry.
 
      - The Company will introduce a new product by January 2000 and
 will
        also plan to expand our operations in southern India by 2002.
       
      - The company has improved its capacity utilisation from 33 per
        cent to 70 per cent, reduced its power consumption and costs
 and
        tightly consumption and costs and tightly monitored the
 freight
        cost.
 
      - The company's performance in the second quarter will not be
        impressive as the plant was shut for 20 days in September for
        maintenance and the demand was also depressed owing to the
        monsoons.
 
 2000 - The Board of Directors of the company has decided, subject to
 
              necessary approvals, to increase authorised capital from
 Rs. 300 
              crores to Rs. 400 crores made of 40 crores equity shares
 of Rs. 10/- 
              each and Issue of equity shares at a price as per SEBI
 Guidelines
              or at par, whichever is higher, by way of private
 placement, preferential
              or by a combination thereof to the Indian promoters
 and/or their
              group/associate companies.
 
           - The Company increase in authorised capital from Rs 300
 crores to Rs. 325 crores.
 
           - The Company has allotted 4,11,45,000 No. of equity shares
 of Rs 10 each at par to
              Mr. Rajan Raheja, promoter, by converting the existing
 loan amounting to Rs 41,14,50,000
              advanced by him to the company.
 
           - Prism Cements Ltd. will allot 1,37,000 No. of equity
 shares at par to its Indian promoter,
             Rajan Raheja.
 
 2001 - The company has allotted 1,37,000 No. of equity shares of the
 face value of Rs 10 each 
             at par to Mr Rajan Raheja.
 
 2003
 
 -Appoints Mr M Chabbra as the Managing Director of the company
 
 2004
 
 -Company's shares delisted from Delhi Stock Exchange & Hyderabad
 Stock Exchange
 
 2006
 
 -Prism Cements Ltd has appointed Mr. Akshay R. Raheja as Additional
 Director w.e.f. October 30,2006.
 
 
 -Prism Cement Ltd has informed that Mr. Ramen Ray Mandal has resigned
 as Nominee of ICICI Bank Ltd on the Board of Directors of the Company
 w.e.f. December 14, 2006.
 
 2007
 
 -The Company has recommended dividend of 10% on Equity shares of Rs
 10/- each.
 
 2008
 
 -Company has declared an interim dividend of 10%. 
 
 -Company has Recieved National Energy Conservation Award - 2008
 
 2009
 
 -Company has recommended a final dividend of Re 0.50/- per equity
 share of Rs 10/- each, in addition to the interim dividend of Re 1/-
 per share paid in October 2008.
 
 
 2010
 
 -Company has announced that it has acquired the remaining 50 per cent
 stake in Milano Bathroom Fittings (MBF) for an undisclosed sum.
 
 2011
 
 -The Company has signed an Agreement for Mining, Development and
 Operation of its Sial Ghogri Coal Block near Chhindwara, Madhya
 Pradesh with M/s. India Resources Ltd, Australia and its wholly owned
 Indian subsidiary IRL Coal India Pvt Ltd.
 
 -H & R Johnson (India) acquires 50% stake in Small Tiles Private
 Ltd.
 
 2012
 
 -H&R Johnson (HRJ), a division of Prism Cement Ltd has forayed into
 engineered marble and quartz business with an investment of Rs 50
 crore for the manufacturing of the new product line.
 
 - The Company has recommended a Dividend of Rs. 0.50 per share. 
Source : Dion Global Solutions Limited
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