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RPG Transmission > Company History > Power - Transmission/Equipment > Company History of RPG Transmission - BSE: 590029, NSE: RPGTLTD
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RPG Transmission
BSE: 590029|NSE: RPGTLTD|ISIN: INE621A01015|SECTOR: Power - Transmission/Equipment
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RPG Transmission is not traded in the last 30 days
RPG Transmission is not traded in the last 30 days
Company History - RPG Transmission
YEAR                       EVENTS
 1951 - The Company was incorporated on 12th May, at Chennai.  It
 became
        a private limited company with effect from 1st April, 1956
 and
        the word `Private' was deleted from the name with effect from
        18th March, 1961 under section 43A of the Companies Act.  It
 was
        converted into a public limited company on 20th March, 1973. 
 The
        Main objects of the company is to manufacture power
 transmission
        line towers, construction of power transmission lines and
        electrification of Railways.
 
 1954 - The Indian Railways launched their major electrification
 schemes
        during the year and their first contract for electrification
 of
        the Howrah-Burdwan section on 3000 volts D/C traction was
        awarded to the Company.
 
      - The Indian Railways changed over to electrification on 25 KV
 A/C
        traction system.  The first contract of Railway
 electrification
        on 25 KV A/C traction for Group 1, 2 & 3 (supply & erection of
 25
        KV A/C traction overhead equipment including switching
 stations
        on the Durgapur-Gaya section of Eastern Railway), was also
        awarded to the Company.  The Company has been the biggest
        contractor for railway electrification in the Country.
 
      - The Company has electrified 1085 KM route of the total of
 1441
        KM of railway track between Howrah and Delhi.
 
      - The Company executed the country's first contract for design,
        manufacture, supply and construction of 400 KV transmission
 line
        between Obra and Sultanpur.
 
 1964 - The Company was engaged only in construction of power
        transmission lines with steel towers and structures
 manufacture
        by others.  The Company developed its own design office and
        extended its activities from construction to design,
 engineering,
        manufacturing and supply of power transmission line towers by
        setting up its own manufacturing unit in Deori near Jabalpur
 in
        Madhya Pradesh and later its own galvanizing plant which was
        recently modernised under the guidance and know-how of
 Societe
        Anonima Electrificazione S.p.A., Milano.
 
      - The installed capacity of the Company's works for manufacture
 of
        power transmission line towers and parts is 27,000 tonnes per
        annum.
 
      - The Company simultaneously extended its field of activities
 in
        construction of radio towers, power houses, booster stations,
 LT
        supply transformer stations, sub-station structures,
 microwave
        towers, industrial sheds and other allied activities.
 
 1978 - In Oct. 2,50,000 shares of Rs 10 each issued as bonus shares
 in
        prop. 5:1.  2,15,000 shares of Rs 10 each were then issued
 for
        cash at par to E.I.D. Parry, South India Viscose and employees
 of
        the Company.
 
 1979 - 2,35,000 shares offered at par for public subscription during
        January.
 
 1980 - The Company was granted an industrial licence to set up a
 rolling
        mill to roll smaller steel sections for captive consumption.
        Steps were also being taken to set up own manufacturing
 facility
        for nuts and bolts required for construction of power
        transmission lines.
 
 1983 - 3,00,000 No. of Equity shares of Rs 10 each at a premium of Rs
 10
        per share were issued during the year on a rights basis linked
 to
        the issue of 1,50,000-15% redeemable non-convertible
 debentures
        of Rs 100 each.
 
 1987 - In Sept./Oct. 1988, 5,80,500 No. of equity shares issued
 (prem.
        Rs 50 per share) as follows: (i) 5,40,000 shares on Rights
 basis
        in prop. 3:10; (ii) 27,000 shares to employees/workers of the
        Company and (iii) 13,500 shares to Electrofin Societe Anonima
        Finanziaria Holding, Sugano, Switzerland.  87,075 additional
        shares allotted (prem. Rs 50 per share) to retain
        oversubscription (81,000 shares to employees/workers and
 2,025
        shares to Electrofin).
 
 1988 - An illegal strike by the employees of the Company at Deori
 for
        about a month in September/October.
 
      - The Company placed privately 14% secured non-convertible
        debentures for a total value of Rs 400 lakhs with the
 following
        bodies: (i) debentures worth Rs 200 lakhs with SBI capital
        Markets, Ltd.; (ii) debentures worth Rs 100 lakhs with Army
 Group
        Insurance Directorate and (iii) debentures worth Rs 100 lakhs
        with Naval Group Insurance Fund.
 
      - It was proposed to merge the Company with Asea Brown Boveri,
 Ltd.
 
 1989 - 24,67,575 bonus equity shares issued in prop. 1:1.
 
 1993 - 49,35,150 bonus shares issued in prop. 1:1 in July 1994. 
 Another
        24,63,996 rights shares issued (prem. Rs 90 per share) prop.
 1:2
        in October 1994.
 
 1996 - As a part of its diversification project, the company has
        successfully commissioned its first 2.75 Mns. wind mill for
        generation of power through non-conventions sources at
 Poolvadi
        in Tamil Nadu.
 
      - It was proposed to merge the Company with KEC International
 Ltd.
        in the exchange ratio of 85 shares in the amalgamated company
 for
        every 100 shares held.
 
      - 1,741 rights shares kept in abeyance issued.  150 rights
 shares
        kept in abeyance issued.
 2002
 
 -R C Agarwala appointed as Compliance Officer of RPG Transmission.
 
 -Acquistion of Shares by Blue Niles Holdings Ltd.
 
 2004
 
 -RPG Transmission Ltd has informed that the Delhi Stock Exchange
 Association Ltd., New Delhi, has confirmed delisting of the Company's
 shares from the Exchange with effect from December 29, 2003.
 
 2006
 
 -RPG Transmission receives new order worth Rs 1100 mn from PGCIL
 
 2007
 
 -RPG Transmission secures orders from Power Grid Corporation of India
Source : Dion Global Solutions Limited
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