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Deccan Cements

BSE: 502137|NSE: DECCANCE|ISIN: INE583C01021|SECTOR: Cement - Mini
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Company History - Deccan Cements
YEAR                       EVENTS
 1979 - The Company was incorporated on 31st July 1979 at Hyderabad. 
 It
        was promoted by M. Bangar Raju & Seker.  It manufactures
 cement.
 
 1981 - 4,65,000 shares subscribed for by promoters, etc.  1,95,000
        shares taken up by APIDC.  9,90,000 shares offered at par to
 the
        public in Oct. 1981.
 
 1983 - 33,50,280 prem. Rs 34 per shares to share holders Dec.
 
 1984 - The companies decided to modernise its plant by introducting
 the
        latest reinforced suspension preheater technology from Onoda
        Engineering Co. Ltd., Japan was supplying technical know for
 the
        company's project involving installation of precalcinator
        balancing equipments for enhancing the Capacity.
 
      - In addition, the company undertook a scheme for energy
        conservation by installation of `O' SEPA equipment.
 
 1987 - The Company received a letter of intent for enhancing the
        capacity from 99,000 tonnes to 1,98,000 tonnes per annum by
 the
        installation of precalcinator/balancing equipments.
 
 1990 - The plant was shut down for 3 months for implementation of
 the
        modernisation-cum-expansion scheme.  The profit margins
 continued
        to be under pressure on account of severe and unscheduled
 power
        cuts, increase in power tariff and high cost of captive power
        generation.
 
      - The modernisation-cum-expansion scheme was not commissioned
 in
        time due to the delay in securing additional power connection
 and
        additional coal linkage.  The modernisation-cum-expansion
 scheme
        was implemented in August 1991.
 
 1984 - They signed a Memorandum of understanding with state
 Industries
        and Investment corporation of Maharashtra Ltd. for setting up
 a
        5,00,000 tonnes per annum Cement plant in Chandrapur district
 of
        Maharashtra in the joint sector.  A separate district named
        Deccan Cements Maharashtra Ltd. was therafter proposed to be
        incorporated for this purpose no further progress was
 reported
        therafter.
 
 1992 - In November, the Company offered 8,25,000-15% secured
 redeemable
        partly convertible debentures of Rs 100 each at par to the
 equity
        shareholders on rights basis in the ratio of 1 debenture : 2
        equity shares held.
 
      - Another 41,250 -15% partly convertible debentures of Rs 100
 each
        were offered to the employees of the Company on an equitable
        basis.
 
      - Part `A' Rs 40 of each debenture was to be converted into one
        equity shares of Rs 10 each at a premium of Rs 30 per share
 on
        the expiry of 6 months from the date of allotment of
 debentures.
 
      - Part `B' of Rs 60 of each debenture was to be redeemed at a
        premium of 5% in three equal instalments on the expiry of the
 6th
        7th and 8th years from the date of allotment.
 
 1993 - The company issued 8,25,000 party convertible debentures of
 Rs
        100 each as Rights basis in proportion (all were taken up).
 
      - Another 26,875-15% debentures were allotted to the employees.
        However shares arising thereof were not subscribed by
 employees
        hence were cancelled.
 
      - Part A of Rs 40 was converted into 1 equity share of Rs 10 at
 a
        premium of Rs 30 per share on 19th July, 1993.  Part B of Rs
 60
        was to be redeemed in equal instalments of Rs 21 each at the
 end
        of 6th, 7th & 8thu year from date of allotment i.e.19.01.93.
 
 1994 - 6,00,000 shares issued to corporate body on private placement
        basis.  4,00,000 No. of equity shares allotted on private
        placement basis to shareholders of DCL Polyesters Ltd.
 35,01,875
        bonus equity shares issued in proportion 1:1.
 
 1995 - The Company commissioned a 0.9 Mw Wind Farm project at
 Ramagiri, 
        Ananthapur Dist., A.P.
 
 1996 - The Mini Hydel Project at Narasaraopet was commissioned on
 10th
        August 1996.  For this, the Company had entered into an
 agreement
        with AP State Electricity Board for implementary 3.75 MW
 capacity
        mini hydel powre project at Guntur branch canal,
 Narasaraopet,
        A.P.
 
 1997 - As a part of its expansion programme, the company undertook
 to
        convert a few extruder lines into direct spinning lines and
 also
        to instal four additional spinning lines to utilise the poly
        plant.
 
 2001 - The Company has signed an agreement with CDSL, NSDL and Karvy
 Consultants
              Ltd, Hyderabad for dematerialisation.
 
 
 2009
 
 - Deccan Cements Ltd has informed that Sri. J Narayanamurthy has been
 appointed as Additional Director with effect from June 23, 2009.
 
 2010
 
 - Deccan Cements Ltd has informed that Mr. K. P. Singh has been
 appointed as an Additional Director with effect from May 28, 2010.
 
 
 2011
 
 - Mr. S. A. Dave as an Additional Director of the Company.
 
 2012
 -Deccan Cements has recommended a dividend of Rs. 3/- per share
 (30%).
 
 2013
 -Deccan Cements has recommended a dividend of Rs. 2/- per equity
 share (20%).
 
 2014
 -Deccan Cements has recommended a dividend of Rs. 1.20 per equity
 share (12%).
  
 
 
 
 
 
Source : Dion Global Solutions Limited
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