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TRF
BSE: 505854|NSE: TRF|ISIN: INE391D01019|SECTOR: Engineering - Heavy
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Jul 25, 17:00
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Company History - TRF
YEAR                       EVENTS
 1962 - The Company was incorported on 20th November, at Jamshedpur.
        The company was promoted by Tata Iron & Steel Co. Ltd.,
 (TISCO)
        and Associated Cement Companies Ltd., (ACC) in financial &
        technical collaboration with Hewitt-Robins, Inc., of U.S.A.
 (now
        known as the Hewitt-Robins Division of Litton Systems Inc.,
 of
        U.S.A.) and the General Electric Co., Ltd., U.K.
 
      - The main objective of the company is to manufacture of
 material
        handling equipment such as idler rollers, vibrating screens,
        sectional and mine conveyors, industrial chains, wire screen
        cloth, winders, tipplers, crushers, ore and coal preparation
        equipment, and coal cutters and undertaking Systems Contracts
        for such equipment including design, manufacture, supply and
        installation of equipment.
 
 1973 - 5,000 shares issued to ICICI upon conversion of loan.
 
 1976 - 16,250 Bonus shares issued in prop. 1:3.
 
 1978 - Shares subdivided.  5,07,500 shares of Rs. 10 each issued at
 a
        prem. of Rs. 4 per share: 65,000 shares reserved for the
        Company's Indian employees, directors, etc. and  4,42,500
 shares
        offered for public subscription during July.
 
 1985 - 6,90,000 No. of Equity shares issued at par in part conversion
 of
        2,30,000-13.5% bonds of Rs. 130 each.
 
 1987 - The Company obtained foreign technical know-how for the
        manufacture of extensible belt conveyors in collaboration
 with
        Kurimoto of Japan to expand the Company's range of
 manufacture
        of various types of crushers.
 
      - 11,11,672 No. of equity shares allotted (prem. Rs. 5 per
 share)
        in part conversion of 12.5% debentures on 1.3.1989.
 
 1988 - A substantial portion of the Company's business comprises
        execution of turn-key contracts which were executed over a
 period
        of two to three years depending upon the magnitude of the
        project.  The drop in turnover was due to the fact that there
 
        were no major contracts which reached substantial completion
        during the year.
 
      - The Company also took up the manufacture of stamping charging
        pushing machine and charging gas cleaning cars for Tata
 Steel.
 
 1989 - A repeat order was received from Tata Steel for a stamping
        charging pushing machine and charging gas cleaning car for
 its
        coke oven battery No. 6.
 
      - A portion of Rs. 60 of each debenture was to be compulsorily
        converted into 4 equity shares of Rs. 10 each at a premium of
        Rs. 5 per share as on 1st March.
 
      - The non-convertible portion of Rs. 100 of each debenture would
 be
        redeemed at par after the expiry of 7 years from the date of
        allotment of the debentures.
 
      - Drop in Company's turnover was due to the fact that there were
 no
        major contracts which reached substantial completion during
 the
        year.
 
 1994 - As a part of its diversification plans, the first phase of
 the
        steel service centre was implemented.
 
      - 15,60,108 shares allotted on rights basis.
 
 1995 - Company has been awarded Iso 9001 certification during the
 year.
 
      - During February the Company made a Rights Issue of 15,60,836
        equity shares of Rs. 10 each at a premium of Rs. 15 per share
 in
        the ratio of 1:2 (only 15,60,148 shares were taken up).  The
        remaining 688 shares were reserved for allotment as per
 approval
        of Regional Stock Exchange, Patna.
 
 1996 - The expansion plans for putting up a composite steel service
        centre at Bara near Agnrio Jamshedpur made satisfactory
 progress.
        The additional slitting lines were commissioned and a
 pickling
        line was under advanced stage of installation.
 
      - Tata-Ryerson Ltd. was formed to provide value added steel
 service
        centre facilities throughout the country.  In addition, the
        company's steel service centre at Bara with all its plants,
        machineries and buildings etc. were to be sold by negotiation
 to
        Tata Ryerson Ltd.
 
 1997 - The Company had sold its steel service centre assets and Bara
 for
        a consideration of Rs. 14 crores to Tata-Ryerson Ltd.
 
      - As a part of its ongoing technology upgradation and
 innovation
        programme the company has signed an MOU with M/s. Tip-Top
 Saar
        GmbH, Germany for acquiring state-of-the-art knowhow for
 conveyor
        belt reconditioning plant.
 
      - In order to augment the long term resources for its working
        capital requirements and for modernisation of its plant
        facilities, the Company offered during June/July 1988,
        2,88,540-12.5% secured partly convertible debentures of Rs.
 160
        each for a total value of Rs. 461.66 crores.  Out of the
 total
        issue, 2,74,500 debentures were offered to the equity
        shareholders of the Company on a right basis in the ratio of 4
 
        debentures for every 25 equity shares held and the balance
 13,740
        debentures were offered to the employees (including Indian
        working directors)/workers of the Company on equitable basis.
        Unsubscribed portion, if any, of the employee's quota was to
 be
        allowed to lapse.  Accordingly, the Company allotted 2,74,800
        debentures to the equity shareholders and 3,118 debentures to
 the
        employees.
 
      - 53 shares out of 635 shares whose title was in dispute,
 issued.
 
 1998 - The Company successfully commissioned the projects of Stamp
        Charging machine for Tata Steel's Battery No.8, Coal Dust
        Injection Systems for SAIL, Coal Handling Plant for Rajasthan
 and
        Andhra Pradesh.
 
 1999 - Amalgamation of M/s. Tata Material Handling Systems Ltd.,
 (TMHS)
        and Tata Technodyne Ltd. (TTDL), with the Company effective
 1st
        April was approved in the Board Meeting held on 30th March,
 1990.
 
 2007
 
 -TRF Ltd has appointed Mr. Sudhir L Deoras as an Additional Director
 of the Company with effect from January 22, 2007.
 
 2009
 
 -TRF Ltd has given the Bonus in the Ratio of 1:1
 
 2010
 
 - TRF Ltd has re-appointed Mr. Sudhir Deoras as Managing Director of
 the Company for the period of three years with effect from April 01,
 2010.
 
 
 2011
 
 - TRF Ladies Association collects 405 units of blood through donation
 camps.
 
 - TRF acquires UK based Hewitt Robins International Ltd.
 
 - TRF to Augment its Works Manufacturing Facilities and Installs
 Automatic CNC Cutting Machines.
 
 - TRF pays 20% Bonus.
 
 
 2012
 
 - TRF and Schade, Germany join forces to offer higher capacity yard
 equipment in India.
 
 - TRF Acquires Balance Stake in York Transport Equipment(Asia),
 Singapore.
 
 - TRF Ladies Association Distributes solar Lanterns to Students.
Source : Dion Global Solutions Limited
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