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Binani Industries Ltd.

BSE: 500059 | NSE: BINANIIND | Series: NA | ISIN: INE071A01013 | SECTOR: Miscellaneous

BSE Live

May 26, 16:00
5.50 0.00 (0.00%)
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5,333
  • Prev. Close

    5.50

  • Open Price

    5.47

  • Bid Price (Qty.)

    5.47 (849)

  • Offer Price (Qty.)

    5.95 (100)

Binani Industries is not traded on BSE in the last 30 days

NSE Live

May 26, 15:40
5.55 0.00 (0.00%)
Volume
No Data Available
529
  • Prev. Close

    5.55

  • Open Price

    5.55

  • Bid Price (Qty.)

    0.00 (0)

  • Offer Price (Qty.)

    5.55 (20)

Binani Industries is not traded on NSE in the last 30 days
Company History - Binani Industries
YEAR                                                     EVENTS
 1962 - The Company was Incorporated on 2nd August, at Calcutta.  The
              Company's object is to manufacture of zinc and its
 by-product
              sulphuric acid and cadmium.
 
            - Consolidation Mining and Smelting Company of Canada,
 Ltd., 
               Montreal, Canada were the company's collaborators.
 
 1964 - 7 shares subscribed for by signatories to the Memorandum of
             Association.  8,40,000 shares taken up by Consolidated
 Mining and
             Smelting Co. of Canada, Ltd.  4,20,000 shares taken up by
 Metal
             Distributors, Ltd. 8,39,993 shares issued through a
 prospectus
             during May.
 
 1968 - 2 forfeited shares reissued.
 
 1974 - 2,188 forfeited shares reissued.
 
 1977 - 16,80,000 Bonus shares issued in prop. 4:5.
 
 1988 - The Company proposed to install a modern melting and casting
              facility.
 
 1994 - The Company undertook to diversify into core business sector
 and
              was in the process of setting up glass fibre and cement
 projects.
              Orders for plant and machinery was placed for the glass
 fibre 
              project, to be set up in Goa.  Also, recessionary
 approvals for
              the mines and land and environmental clearance from the
 State
              Govt. was received for the 1.2 million tonns cement
 plant being
              set up at Pindwara, Siroti in Rajasthan.
 
            - The Company offered 2,00,000 shares of Rs.100 each at a
 prem. of
               Rs.800 per share to consolidate the company's capital
 base and 
               further augment long term resources.
 
            - 1,89,000 Bonus equity shares issued in prop. 1:2.
 
            - Equity shares subdivided.  20,00,000 No. of equity
 shares
              allotted to a prem. of Rs.800 per share.  10,050
 forfeited shares
              reissued 115,30,125 bonus equity shares issued in prop.
 1:2.
              104,71,300 No. of equity shares allotted as per
 prospectus.
       
 1995 - New 5.3 MW DG set has been installed and commissioned.  With
 this
              Zinc Division will have its own power generation
 capacity to 
              meet 45% of its total power requirements.
 
           - During February, the company issued 100,00,000 No. of
 equity 
             shares of Rs.10 each for cash at a prem. of Rs.220 per
 share 
             as follows:
 
          - (A) On Firm Allottment Basis: 
 
          - (i) 5,16,700 shares to Indian financial institutions.
 
          - (ii) 1,93,400 shares to Mutual Funds.
 
          - (iii) 1,60,000 shares to Foreign Industrial Investors.
 
          - (iv) 16,50,000 shares to NRIs on repatriation basis.
 
          - (B) Preferential Allotment Basis:
 
          - (i) 55,100 shares to employees. (only 21,150 shares taken
 up).
             Balance 74,24,800 shares along with 33,950 shares not
 taken up
             by employees quota was issued to the public.  Additional
 4,71,300
             shares were allotted.
 
          - The name of the company was changed from Cominco Binani
 Zinc Ltd.
             to Binani Industries Ltd.
 
           - Rs.7.50 called up on 79,51,200 partly paid equity
 shares.
 
 1996 - The Company proposed to acquire one more DG set of 10 MW
              capacity.
 
            - Fibre glass plant started built up a capacity leading to
 product
              stabilisation in October.
 
 1997 - The Company proposed to double the capacity of its zinc
 smelter
              in Binanipuram to achieve economies of scale.
 
           - A scheme of arrangement was entered into between the
 company and
             Binani Cement Ltd. for transfer of the cement division of
 the
             company to a wholly owned subsidiary, BCL.  The cement
 division
             was hived off from the company and transferred to BCL
 effective
             1st November.
 
           - 4,550 forfeited shares reissued.
 
 1998 - Efforts were being made to start the additional captive
              generation by March.
 
           - An additional capacity of 1.5 million tonne is being
 added at the
             company's existing facility at Sirohi in Rajasthan.  The
 company
             also proposes to set up a greenfield unit with a capacity
 of two
             million tonne.
 
          - Apart from the cement units, Binani is also building a
 jetty,
            Navlakhi Jetty, which will be able to handle a capacity
 upto
            1.5 million tonne of cargo.
 
          - In view of the severe shortage of power in Rajasthan, the
            company has also set up its own captive thermal power
 station.
            The power station has capacity of 27 MW.
 
          - The company recently acquired mines and smelter for copper
 and
             cobalt manufacturing in Zambia.  It also proposes to
 increase the
             copper smelter capacity from 40,000 tpa to 100,000 tpa
 and
             modernise and expand mining capacities there.
 
           - The diversified metals-and-cement group proposes to
 channelise
             dollar revenue stream generated by its overseas ventures
 in the
             UK, Dubai and Zambia to fund the project.
 
           - Binani Metals, the group's UK venture, has set up its
 own
             cement grinding unit in Dubai and has ventured into the
 tea
             plantation business by buying out tea gardens in Zambia.
 
          - Binani Industries, the flagship company, proposes to set
 up a
            greenfield 70,000 tonne per annum lead smelter and one
 lakh tpa
            zinc smelter in Gujarat.
 
          - The company is also implementing a special jetty, called
 the
             Navalakhi jetty project, to facilitate its exports of
 clinker.
             The group's clinker grinding unit at Dubai in West Asia
 is also
              under implementation.
 
 1999 - As part of its diversification plans, the company also
 proposes
              to set up a 75,000-100,000 tpa led smelter in the
 western
              region.  The project would include a refinery and
 alloy-making
              facility.  For the lead smelter, the company is in the
 process
              of firming up technology tie-up and financial closure.
 
            - BIL shifted its glass fibre business to Vishakha
 Enterprises
              (India) Ltd (VEL), a wholly-owned subsidiary, with
 effect from
              October 1, 1998.  VEL was then renamed Goa Glass Fibre
 Ltd.
 
 2000 - The Company proposes to delist its securities from the Cochin
              Stock Exchange Ltd. and Madras Stock Exchange Ltd.
 
            - Binani Industries Ltd. has been awarded with the
 `Certificate of
              Merit' for its performance in the field of exports
 during the
              year 1998-99.
 
           - Binani zinc, a division of Binani Industries Ltd. has
 been given the ISO
             14001 certification for attaining the prescribed
 environmental standards
              in the manufacturing and supply of zinc, sulphuric acid
 and cadmium.
 
           - The Board has approved the proposal for merger of Binani
 Lead Ltd.,
              with Goodwill Equity & Finance Ltd., a wholly owned
 subsidiary of the
              Company.
 
            - The Company re-issued 490907 balance forfeited equity
 shares of Rs 1/- each.
 
            - The Company has spinned off the company's zinc business
 to a newly
               formed subsidary Binani Zinc Ltd.
 
            - The Company is doubling its zinc smelter capacity to
 60,000 tonne per annum in
               the first phase.
 
            - Binani Industries to hive off its zinc unit to Binani
 Zinc by way of a scheme of arrnagement
               with effect from 1st April 2001.
 
            - The Company proposed to file an application seeking to
 hive off its zinc division
               pursuant to a scheme of arrangement with Binani Zinc
 Ltd. from April 1, 2001.  One equity
               share of Binani Zinc Ltd. would be allotted for every
 five equity share in the company free
               of cost.
 
 2001 - Goodwill Equity & Finance Ltd., a wholly-owned subsidiary of
 the company has
              appointed Mr. Braj Binani,  as its Chairman and Managing
 Director.
 
 2003
 -Board approved voluntary delisting of Shares from Madras and Kochi
 Stock Exchanges.
 
 2004
 
 -Binani Industries Ltd has informed that the shares of the Company
 have been delisted from the Madras Stock Exchange w.e.f. January 27,
 2004
 
 -Kolkata High Court approves the scheme of arrangement for hive off
 the Zinc Division of the company to Binani Zinc Ltd., (BZL) w.e.f
 April 01, 2002
 
 2005
 - Mr. Braj Binani, Chairman & Managing Director (CMD) tendered
 resignation as Chairman & Managing Director (CMD) of the Company and
 its Subsidiaries with effect from April 01, 2005 in accordance with
 provision of his Agreement dated December 21, 2001.
 
 -Binani Industries enters into Sale & Purchase Agreement with Silver
 Peak Investments
 
 2007
 
 -Binani Industries Ltd has informed that the Board of Directors of
 the Company at its meeting held on October 23, 2007, inter alia, has
 approved the appointment of Mr. Naresh Chand Singhal as Additional
 Director.
 
 2008
 
 -Binani Industries Ltd has informed that consequent upon the
 acceptance of the resignation of Mr. Sushil Bhatter, Managing
 Director, he has ceased to be a Director of the Company with
 immediate effect.
 
 - Binani Industries Ltd has informed that the Board of Directors of
 the Company at its meeting held on October 24, 2008, inter alia, Mr.
 Sunil Sethy has been appointed as Additional Director / Managing
 Director for a period of 5 years from November 03, 2008 to November
 02, 2013 subject to all necessary approvals.
 
 2009
 
 -The company has inducted Ms. Nidhi Binani as an Additional Director
 
 
 -Mr. S.N.Sridhar has been appointed as 'Sr. Vice President -
 Corporate Legal & Company Secretary & Compliance Officer' of the
 Company.
 
 -ITC CII Sustainability Award 2009.
 
 -Greentech Environment Excellence Gold Award 2009 
 
 -Indian Institute of Metals  Non-Ferrous Best Performance Award,
 2009.
 
 2010
 
 -The company has recommended declaration of dividend @ 30%
 
 -National Safety Award (Runner-up) 2010
 
 -Registered Office of the Company has been shifted To 37/2, Chinar
 Park, New Town, Rajarhat Main Road, P.O. Hatiara, Kolkata - 700 157.
 
 2011
 
 --The company has recommended declaration of dividend @ 30%
 
 - Mr. V. Subramanian has been appointed as additional Director of the
 Company.
 
 -The prestigious National Safety Council (I) Safety Awards-2011 
 
 2012
 
 - Mr. Atul Falgunia, Vice President (Secretarial) has been appointed
 as 'Compliance Officer.
 
 -Mr Sudhakar Rao has been inducted as an Additional Director.
 
 -Binanai Group acquires Belgian company for 275 million euros.
 
 -Ms. Shradha Binani has been inducted as an Additional Director.
 
 -Mr. K. K. Saraf now joined the Company as President & Company
 Secretary & Compliance Officer.
 
 -National ASSOCHAM CSR Excellence Award 2012.
 
 2013
 
 -Mr. Rahul Asthana has been inducted as an Additional Director on the
 Board of the Company.
 
 -The Board of Directors of the Company have recommended  a dividend @
 30% (Rs. 3/- per Equity Share.
 
 -The Registered Office of the Company has been shifted from old
 address to 601, Axis Mall, 6th Floor, Block C, Action Area -1, New
 Town, Rajarhat, Kolkata - 700156.
 
 2014
 
 -Binani Industries Ltd have recommended a dividend @ 30% (Rs. 3/- per
 Equity Share.