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 |