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Tayo Rolls
BSE: 504961|NSE: TATAYODOGA|ISIN: INE895C01011|SECTOR: Castings & Forgings
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Company History - Tayo Rolls
YEAR                       EVENTS
 1968 - The Company was incorporated on 2nd February, at Jamshedpur. 
 It
        was promoted by Tata Iron and Steel Company Ltd., Yodogawa
 Steel
        Works Ltd., Japan and Nissho Company Ltd., Japan.  The Main
        Object of the Company is to manufacture Steel Mill Rolls of
 all
        grades and types, Cast Gear Wheels, Rope Drums Cast Steel
        Grinding Media etc.
 
      - Yodogawa Steel Works Ltd., Japan are the Collaborators of the
        Company.
 
      - Allotted 92,993 shares to TISCO, 55,000 shares to Yodogawa
 Steel 
        Works Ltd. and 11,000 shares to Nissho-Iwai Co. Ltd.
 
 1969 -  91,000 shares offered to the public on 17th February.
 
 1977 - 65 shares forfeited.
 
 1987 - In the first phase of modernisation, the Company installed a
        Computerised Numerically Controlled (CNC) heavy duty roll
 turning
        lathe.  The Plant was commissioned in July 1988.
 
      - In the second phase of modernisation, a Planomiller was to be
        installed.  Two roll turning lathes were also to be installed
 as
        replacement of old items of equipment.
 
 1989 - In September, the Company entered into a technical
 collaboration
        agreement  with M/s Eisenwerk Salzauwerfen (ESW), Austria,
        imparting technology for the manufacture of Double - Powered
        (D.P.) Rolls through the centrifugal casting process and also
 for
        upgrading the technology for the manufacture of other types
 of
        rolls.
 
      - The Company entered into a technical collaboration agreement
 with
        M/s. Eisenwerk Salzau-Werfen (ESW), Austria for importing
        technology for the manufacture of other types of rolls.
 
      - The Company also proposed to add/replace the production
        facilities initially installed to meet the increasing demand.
 
 1990 - The Company achieved 100% capacity utilisation for rolls.
 
 1991 - Three new lathes and a milling machine were installed while
 the
        centrifugal casting machine for production of spun cast rolls
 was
        commissioned during November 1992.
 
      - During April-May, the Company issued 29,73,450-12.5% partly
        convertible debentures of Rs 30 each as follows: (i)
 28,75,000
        debentures (including retention of 15% over subscription) as
        rights to the equity shareholders in the prop. 1 deb. : 1
 equity
        (all were taken up), (ii) 1,25,000 debentures to the
 permanent
        employees of the Company including Indian working directors on
 an
        equitable basis (only 98,450 debentures taken up).  The
        unsubscribed 26,550 debentures of the employees' quota were
        allowed to lapse.
 
      - The convertible portion of Rs 20 was to be converted into one
        equity share of Rs 10 each at a premium of Rs 10 per share
 after
        one year from the date of allotment of debentures.  The non
        convertible portion of Rs 10 per debenture was to be redeemed
 at
        par at the end of 7 years from the date of allotment of
        debentures.
 
 1992 - Most of the plant and machinery for the ongoing modernisation
        programme were installed.
 
      - 2,973,450 No. of equity shares of Rs.10/- each allotted on 
        conversion of 12.5% Partly Convertible Debentures on 1st July,
 at 
        Rs.1,875 per share pro-rata.
 
 1993 - The Company had introduced to state-of-the-art technology for
 the
        manufacture of Double-poured Rolls through the centrifugal
        casting process.
 
 1994 - The Company acquired the capability of making Hi-Chrome Rolls
 to
        cater to the stringent requirements of the State-of-the-art.
 
      - Hot Strip mills with the completion of the modernisation
 scheme,
        the capacity of the plant increased to 9,750 tonnes of rolls
 per
        annum.
 
 1995 - The Company has obtained ISO 9002 certification during the
 year.
 
      - Production of special casting for power plants was taken up,
 as a
        first step towards the diversification plan.  These castings
 have
        been well received by Tata Steel and Durgapur Projects Ltd.
 
      - A fresh Agreement has been signed with Tayo Workers' Union on
 7th
        June.
 
 1997 - The Company decided to undertake expansion in phases. 
 Expansion
        of Roll manufacturing capacity to 12500 tonnes from 9750
 tonnes.
 
 1999 - The Company has been awarded the IS0-9002 certification by
 the
        Indian Register Quality Systems (IRQS).
 
      - Tata Yodogawa Ltd had alliance with Union Electric Steel
        Corporation (UES) of the US, a leading forged steel roll
        manufacturer.
 
 2000 - Crisil has withdrawn the AA- rating assigned to a Rs 13-crore
 NCD
        issue of Tata Yodogawa while reaffirming the P1+ rating
 asigned
        to its Rs 3-crore CP programme and the FAA rating assigned to
 its
        FD programme.n
 
 2002-Tata Yodogawa Ltd has informed  that the tenure of Mr Prem
 Sagar, Vice Chairman & Managing Director has expired on February 28,
 2002. The Board of Directors at its meeting has appointed Mr R P
 Tyagi as Managing Director of the Company.
 
 2004
 
 -Tayo Rolls Ltd has informed that the Board of Directors at their
 meeting held on July 27, 2004 has redesigned Mr P C Srivastava as
 Managing Director of the Company effective August 1, 2004 as the
 tenure of Mr R P Tyagi, Managing Director has expired on July 31,
 2004
 
 - Tayo Rolls Ltd (formerly Tata Yodogawa)  receives Golden Peacock
 National Innovation award for the year 2004.
 
 2007
 - Tayo Rolls Ltd has informed that the Board of Directors of the
 Company at its meeting held on October 15, 2007, Mr. S N Menon has
 been appointed the Additional Director of the Company with effect
 from October 15, 2007.
 
 2008
 
 -Tayo Rolls Ltd has appointed Mr. Anand Sen, Vice President (Flat
 Products), Tata Steel Ltd as Additional Director on the Board of the
 Company with effect from January 18, 2008.
 
 -The company has issued rights in the ratio of 7:8 at a premium of Rs
 116/- per share.
 
 2010
 
 -Tayo inaugurates its integrated Forging Plant
 
 -Tayo Rolls - TAYO achieves a landmark
 
 2011
 
 -Tayo Rolls Ltd - Commercial production of Forge Shop/Induction
 Hardening Shop of Tayo Rolls Limited has commenced
Source : Dion Global Solutions Limited
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