1992 - Singhal Cement Limited (SCL) was incorporated on the 18th
February, as a Private Limited Company. It was subsequently
converted into a Public Limited Company on the 10th
The company was promoted jointly by Pawan Kumar Singhal and
Kumar Bansal were also inducted on the Board.
1995 - 804,400 No. of equity shares issued of which 449,400 No. of
equity shares of Rs 10 each for cash at par reserved on
preferential allotment basis to the promoters (all were taken
up). Another 24,00,000 shares were offered to the public out
which 8,000 No. of equity shares to the employees and
shares offered to public along with the unsubscribed portion
employees (23,70,500 shares taken up).
1996 - The cement industry witnessed a worst ever period due to
uncertain political situation and low infrastructural