YEAR                       EVENTS
 1991 - The Company, which is a subsidiary of Vesuvius Group Ltd.,
 U.K.,
        (VGL) was originally incorporated as Vesuvius Refractories
 Ltd.
        on 6th September, and obtained the Certificate of Commencement
 of
        Business on 27th November, from Registrar of Companies (ROC),
        West Bengal, at Calcutta.
 
      - The Company, promoted by VGL (U.K.) in association with local
        Co-promoters, had entered into agreements, effective 1st   
        November, with other Vesuvius Group Companies in Switzerland,
        France and U.S.A.,to carry on agency business related to the
 sale
        of the Group's products, viz.
 
 1992 - The name of the Company was subsequently changed to Vesuvius
        India Limited on 6th November.  
 
      - The Company entered into a Technology Licence Agreement with
        Vesuvius Crucible Company, USA, on 28th September, for using
 the
        latter's proprietary information to manufacture and service
 the
        Company's products.
 
 1994 - VIL started commercial production in July.
 
      - The Company had envisaged a capacity utilisation of 700/a in
 the
        first year of operation. 
 
 1996 - The Company has obtained the ISO 9002 certification from
 Lloyd's
        Register Quality Assurance, London, on 11th January, within
 18
        months from the commencement of commercial production.
 
      - The Company made an offer of 58,00,000 Equity shares of face
        value Rs. 10/- each for cash at a premium of Rs. 30/- per
 share
        aggregating Rs. 23,20,00,000 on Rights basis to the existing
        Equity shareholders of the Company as on 29th November in the
        ratio of two Equity shares for every five Equity shares held.
 
 
 1997 - The company of the shareholders had approved the issue and
 offer
        of Equity shares for cash at a premium upto an aggregate
 amount
        of Rs. 30,00,00,000.
 
      - Vesuvius India won the Annual Health & Safety Award for the
 year
        on the basis of no lost time and no reportable accidents
 during
        the year, in the less than 150 employees' category.  The
 Company
        was also awarded the Worldwide Award of Honour for Health &
        Safety.
 
 1998 - The Company successfully commenced commercial production of
 Slide
        Gate plates and nozzles on the 27th February.
 
      - Vesuvius is a 51 per cent subsidiary of the Vesuvius group, a
        world leader in continuous casting refractories (CCRs), which
        are used in steel-making via the continuous casting route.
 
 1999 - The Company took interest in the welfare of poor young girls
 in
        tune with the year being declared as The Year of the Girl 
        Child.
 
      - The Technical Agreement was assigned in favour of the Company
 in
        February, as such the technology is in the process of
 transfer
        and absorption.
 
      - Vesuvius India (VIL) is a wholly owned subsidiary of the
        Vesuvius Group Ltd (VGL), the world's largest manufacturer of
        continuous casting refractories.
 
      - Vesuvius, it is learnt, has acquired the assets and
 equipments
        and has been assigned the technical know how licence and
 agency
        agreements from KIIL with effect from 19th February.
 
 2002
 
 -Board approves the purchase of Tundish Lining Products Business of
 Foseco India Ltd. 
 
 2003
 
 -Reported 38% rise in the net profit during the quarter ended Sept
 2003.