Chettinad Cement Ltd.

YEAR                       EVENTS
 1962 - The Company was incorporated on 11th December, in Chennai. 
 The
        Company manufactures portland Cement.
 
      - 8,50,000 No. of Equity shares subscribed for by directors,
 etc.
        90,000 Pref. and 12,50,000 No. of Equity shares offered at par
 in 
        the public in April 1965.
 
      - The Company executed mining lease deeds for mining limestone
 and
        clay.  The Government also issued orders regarding the mining
 of
        gypsum.
 
 1979 - The Company had taken up a Scheme for the improved working of
 the
        quarry and factory which included installation of
 electrostatic
        precipitable for the kilns, captive power plant, etc.
 
 1983 - Towards the implementations of the first phase of the
        modernisation scheme, a primary crusher with a capacity of
 400
        tonnes per hour alongwith necessary material handling
 equipment
        was installed.
 
      - In continuation of the first phase, it was planned to install
 a
        dry process kiln with a capacity of 1,700 tonnes per day with
        precalciner.  The plant capacity would be increased to about
        5.8 lakh tonnes per annum.
 
 1988 - 21,00,000 Right Equity shares issued at par (prop. 1:1). 
 Another
        1,05,000 No. of equity shares offered at par to employees but
        only 15,850 shares taken (rest were allowed to lapse).
        Redemption date for 26,545 pref. shares extended to 25.06.1994
 or 
        after and pref. div. raised to 14% from 25th June.
 
 1992 - With the conservation of energy as main theme, the Company
        undertook modernisation/expansion programme during the years
        1986-89.
 
 1993 - During the year, the company achieved capacity utiliation of
 119%
        despite unexpected heavy rains and lorry strike.
 
 1994 - The Company commissioned 16 Nos. of Wind Power Generators to
 a
        capacity of 4 MW under phase I.  In addition, 26 Nos. of wind
        power generators to a capacity of 5.85 MW were installed and
        commissioned in March 1995 under phase II.
 
      - The Company had also taken steps to install 12 Nos. of wind
 power
        generators of 400 KW each to a capacity of 4.8 MW under phase
 III
        which was to be commissioned before September 1995.
 
      - The Company entered into a memorandum of agreement for the
        acquisition of a bulk carrier of 43589 DWT in order to enter
        shipping business.  Necessary approvals from the concerned
        authorities was obtained.
 
      - The production was hampered by unexpected heavy rains and
 also
        lorry strike.  Nevertheless, the Company made a substantial
        recovery in the last quarter of the Financial year.
 
      - The Company has taken steps for installing 16 Nos. of 250KW
 each
        Wind Power Generators for a total capacity of 4 M.W. near
        Poolavadi in Coimbatore District.
 
 1995 - 42,15,850 bonus shares issued in prop. 1:1.
 
      - The company has been awarded ISO 9002 Certificate of
        International Organisation for Standardisation by Bureau of
        Indian Standards for the quality systems-model for quality
        assurance in production and installation and reiterate with
 great
        pride that the company is the first company in Tamilnadu to
 be
        honoured with ISO 9002 Certificate in the field of mining.
 
      - The Company has taken steps to install 12 Nos. of Wind Power
        Generators of 400 KW each to a capacity of 4.8 MW in the same
        location under Phase III. The proposed Wind Power Generators
 will
        be commissioned before end of September with financial
 assistance
        from IFCI.
 
      - The Company has decided to diversify its activities by
 entering
        into Shipping Sector.  The Company has entered into a
 Memorandum
        of Agreement for the acquisition of a Bulk Carrier of 43589
 DWT.
 
 1996 - The Company took up a modernisation programme, considering
 the
        installation of Stacker-cum-Reclaimer, Earth moving
 equipment.
        Primary crusher, construction of Silos, Vertical Roller mill
 for
        cement grinding and packer.
 
      - The Company has installed and commissioned 12 Nos. of 225 KW
 each
        Wind Power Generators under phase IV in March, 96 with the
        financial assistance from the Industrial Finance Corpn. of
 India
        Ltd.  Totally, 66 Nos. of Wind Power Generators for a capacity
 of
        17.35 MW have been installed in four phases.
 
 1997 - The cement production was significantly lower at 8.34 lakh
 tonnes
        against 9.15 lakh tonnes in 1995-96 because of a slower
 offtake
        in the closing months of the accounting period and the
 adverse
        effect of the truckers strike in March.
 
      - Chettinad Cements Ltd has planned to set up a new cement unit
        with a capacity of 6 lakh tonnes near its existing unit. 
 This
        expansion will take the total capacity of the company to 1.2
        million tonnes per annum.
 
 1998 - The Rs.8 crore commercial paper programme of Chettinad Cement
        Corporation has been assigned a P2+ rating by Crisil.
 
      - The company is financially strong and rates amongst the best
 in
        the industry on operating efficiency parameters.
 
      - Chettinad Cement Corporation Ltd has recently installed and
        commissioned a Onada & Kobes cement mill to improve the
 quality
        of its cement.
 
      - With the introduction of the new technology, the company has
        recently launched `Chettinad Royal' 53-grade cement which had
        high strength and uniform particle distribution.
 
      - It undertook a modernisation programme and staged a turnaround
 in
        the early nineties, supported by a strong recovery in cement
        prices in southern India.
 
 1999 - The expansion involves setting up of an one million tonne
        greenfield project at Palayam (a limestone belt) in Tamil
 Nadu
        about 45 km from the company's existing plant.
 
      - Chettinad Cement Corporation Ltd (CCC) has embarked upon a
        expansion programme at its existing facility under which the
        capacity would increase to 1.5 million tonnes per annum from
 the
        current 0.6 million tonnes per annum.
 
      - The Chennai-based Chettinad Cements Corporation Ltd (CCCL) is
        doubling its cement capacity to two million tonnes.
 
      - Chettinad Cement is one of the major players in the South.
        Apart from cement, the company has interests in shipping too.
 
 2000 - Chettinad Cement Corporation Ltd is coming out with a Rs
 60-crore
        rights issue to fund its one million tonne greenfield
 expansion
        plan at Palayam in Dindigul district, Tamil Nadu.
 
      - Chettinad Cement Corporation Ltd has priced its rights issue
 at 
        Rs 32 per share.  The ratio for rights entitlement is 2:3.
 
      - The Company has acquired 4,01,884 shares of the company by way
 of
        inter-se-transfer among promoters.
 
 2001
 
 -Tamil Nadu Electricity Board (TNEB) signs MoU with the Chettinad
 Cement Corporation Ltd. under which the board will ensure time-bound
 supply of quality power to the company
 
 -High Court orders the state government, Sipcot and the commercial
 tax department to extend sales tax incentive to Chettinad Cement
 Corporation Ltd (CCCL)
 
 -Commissioned its 1.1 million tonne greenfield expansion project in
 Tamil Nadu at a cost of Rs 325 crore
 
 -Launches ready-mix concrete (RMC) under the brand, 'Ready Mix
 Chettinad'
 
 2002
 
 -Approves the proposal to come up with a rights issue for raising
 about Rs 40 crore in the ratio of 2:5 at a price of Rs 36 each
 
 2003
 
 -Board of directors ratify the proposed rights issue valued below Rs
 40 crore to be used to part finance the 15-MW coal-based captive
 power plant that the company intends to put up
 
 -Decides to revoke the Rights Issue
 
 2009
 
 - Chettinad Cement Corporation Ltd has appointed M/s. V Soundararajan
 & Co., Chartered Accountants as Statutory Auditors of the Company.
 
 2010
 
 - Coal based 1 x 15 MW capacity CPP was commissioned during Jan-2010
 Erection and Commissioning of 2 Cement Plants in World Record Time at
 Ariyalur.
 
 - Roller press with ball mill for cement grinding with capacity 0.5
 million commissioned during February -2010 at Puliyur
 
 2011
 
 - Board has recommended a Dividend of Rs. 5/- per Equity Share.
 
 - Brown field Cement Plant with capacity of 2.5 MTPA was commissioned
 at Karikkali in March 2011 along with coal based 30MW captive power
 plant within the same premises.
 
 2012
 
 - Mr. L. Muthukrishnan, Chartered Accountant has been Co-opted on the
 Board of the Company as an Additional Director.
 
 - The Board has recommended a Dividend of Rs. 7.50 P. per Equity
 Share.
 
 2013
 -The company recommended a Dividend of Rs. 5/- per Equity Share, i.e.
 50% on the Equity share capital of the Company.