Atlas Copco (India) Ltd.

YEAR                       EVENTS
 1960 - The company was incorporated on 28th January, at Mumbai as a
        Private Limited Company and converted into a Public Limited
        Company on 15th May, 1972.
 
      - The Company manufacture compressed air equipment, air tools
 and
        other allied equipments mainly used in construction, mining
 and
        engineering industries.  At present the company manufacture
 air
        compressors, rock drills, pushers, lubricators, grinders and
        couplings.
 
 1962 - 792 shares issued to Atlas Copso AB, Sweden.
 
 1965 - 444 Shares issued to Atlas Copco AB, Sweden against, payment
 for
        capital goods.
 
 1971 - Shares subdivided.  2,82,000 bonus shares issued.
 
 1977 - In June 1972, 3,21,340 shares issued at a premium of Rs 7.50
 per
        share; 32,090 shares reserved for Indian Directors and
 employees
        and 2,89,250 shares offered to the public.
 
 1978 - 803,340 bonus shares issued in propn. 1:1.  8,11,216 shares
 were
        then issued: 7,71,216 shares as rights to Resident Indian
        shareholders in propn. 6:5 and 40,000 shares to Indian
 directors
        and employees.
 
 1982 - 24,17,896 Bonus shares issued in prop. 1:1 in September.
 
 1986 - The Company undertook to set up a new factory at
 Mahalunge-Ingle
        near Chakan in a backward area in Maharashtra State about 25
 kms.
        from Pune.
 
 1987 - Atlas Copco Tools AB, a wholly owned subsidiary of Atlas
 Copco
        AB, Sweden, acquired Chicago Pneumatic, U.S.A.  The agreement
        includes transfer of foreign shareholdings in CPT India Ltd.
 and
        Revathi CP Equipments, Ltd.  However, Atlas Copco (India)
 Ltd.
        and CPT (India), Ltd. would continue to exist as separate
        entities.
 
      - 24,17,896 bonus shares issued in propn. 1:2.
 
 1988 - The new products introduced during the period were industrial
        compressors like GA-2007, silenced and packaged versions of
 other
        GA Compressors, fully hydraulic water well rigs.  The Company
        proposed to take up ROC 400 series of crawler drills for the
        mining sector.
 
 1989 - The sole selling agency for Coromant products of Sandvik Asia
        Ltd. was terminated effective from 1st February.
 
 1990 - New products such as line drilling equipment and light wagon
        drills for surface mining were launched.
 
 1992 - The Company has absorbed technology to introduce oil-free
        compressors in India.
 
 1993 - The Company does not have a specified Research and
 Development
         Department.
 
 1994 - New products are developed and tested for alternate materials
 as
        well as aggregates, in close coordination with various
 vendors.
 
 1995 - During the year, the Company had introduced an Early
 Voluntary
        Retirement Scheme for its employees.
 
      - The Compressor Technique Division has already acquired ISO
 9001
        certification and the Construction and Mining Technique
 Division
        will acquire this certification by the end of the year.
 
      - The Construction and Mining Technique Division is working on
 a
        new product viz. track mounted surface drilling equipment,
 which
        will be launched.
 
 1996 - In February, Det Norske Veritas, a leading certifying body
        awarded the Certificate of ISO 9002 for the manufacturing
 plant
        at Dapodi.
 
      - The Construction and Mining Technique Division has launched a
 new
        product viz. track mounted surface drilling equipment, which
 has
        successfully completed rigorous trials at customers' mining
        sites.
 
 1997 - The Company took a series of measures such as restricting of
        business, discontinuation of manufacture of compressor
 elements
        and instead import technically superior elements from
 principals
        and concentrate an assembly of compressors and shifting of
        operation from Mumbai to Dapodi in Pune.
 
      - The compressor division is also entering new lines of
 operators
        and is entering into a collaboration agreement with Atlas
 Copco
        Comptech, US, for medium and large centrifugal compressors in
        the range of 700 KW to 2 MW.
 
      - The construction and mining equipment division is also
 entering
        new product lines such as pneumatic chipping hammer and rock
        drills, mainly for the parent company's export markets.
 
 1998 - Atlas Copco (India) Ltd have introduced their new range of
        Construction tools.
 
      - Atlas Copco (India) Ltd, part of the Swedish multinational
        Atlas Copco group, is restructuring its construction and
 mining
        technique division and entering new product segments to focus
        on the high-growth infrastructure projects business.  The
        division is also being restructured with a view to making it
 a
        manufacturing unit for the group's global operations.
 
      - The Credit Rating Information Services of India Ltd (Crisil)
 has
        assigned a P1+ rating to the Rs.6-crore commercial paper (CP)
        programme of Atlas Copco (India) Ltd.  The rating agency has
 also
        reaffirmed the FAA+ rating assigned to the company's
        fixed-deposit (FD) programme.
 
      - Atlas Copco has launched a slew of new products which would
 help
        the company gain a better footing in the mining and
 construction
        equipment industry.
 
      - Atlas Copco India Ltd (ACIL) will develop a full-fledged
 service
        support network for its products, Giulio Mazzalupi.
 
      - As a first step, it has successfully introduced voluntary
        retirement scheme (VRS).
 
      - The company's construction and mining technique division has
        launched new products like pneumatic breakers and chipping
        hammers which have been well accepted by the market.
 
 1999 - Atlas Copco (India) Ltd has embarked on a programme
 `Investing
        for the future' which lays stress on development of new
 products
        like centrifugal compressors for the local market.
 
        The company has made part payment of one-time lumpsum royalty
        of Rs 2.45 million to Atlas Copco Comptec USA, for supply of
        technical know-how for these compressors.
 
 2000 - Swiss engineering giant Atlas Copco AB has decided to merge
 two
        of its three Indian affiliates Atlas Copco India and Chicago
        Pneumatic India.
 
 2002
 
 -Atlas Copco India Ltd informs  that Mr Andre Schmitz, MD of the
 company has been re-appointed for a further period of 3 years. Mr
 Freek Nijdam, Director of the company has resigned from the Board.
 
 -Atlas Copco India Ltd enters into definitive agreement with Utkal
 Investments Ltd, for sale of 3,20,200 equity shares of Revathi
 Equipment Ltd Coimbatore at a price of Rs 234 per share.
 
 2003
 
 - Atlas Copco (India) Ltd informs BSE that the Board of Directors at
 its meeting held on April 29, 2003 accepted the resignation of Mr
 Hari Shankar Singhania - Chairman of the company and elected Mr. Anil
 Kumar Hirjee as Chairman of the company. Further, Mr. Andre Schmitz
 resigned as Managing Director of the company effective April 29, 2003
 however he will continue to be Director on the Board.
 
 -Signs Wage settlement with Atlas Copco Employees Federation at
 Dapodi, Pune.
 
 
 2006
 
 -Atlas Copco India Ltd appointed Mr. Mahmoud Mustapha as Managing
 Director effective from October 01, 2006.
 
 
 2009
 
 - Atlas Copco India Ltd has appointed Mr. Filip Vandenberghe as an
 Additional Director of the Company with immediate effect.