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De Nora India > Company History > Electric Equipment > Company History of De Nora India - BSE: 590031, NSE: DENORA
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De Nora India

BSE: 590031|NSE: DENORA|ISIN: INE244A01016|SECTOR: Electric Equipment
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Company History - De Nora India
YEAR                       EVENTS
 1989 - The Company was Incorporated on 7th June, and obtained the
        Certificate for Commencement of Business on 16th November. 
 It
        was promoted by Kmaljit Singh Chairman, Alfa Laval India
 Ltd.,
        Krishan Mohan Khanna, Vice-Chairman, Hoganas Ltd. in
 technical
        and financial collaboration with Oronzio De Nora Group, B.V.
        Netherlands that has manufacturing activities in Italy, USA
 and
        India.
 
      - The Company's object to undertake fabrication, coating and 
        re-coating of mercury metal anodes, coating/re-coating of
        cathodes/anodes, manufacture of components for Ion-Exchange
        membrane, electrolysers for chlor-alkali industry, water
        electrolyser, electro-chlorinator for water electrolysers and
        anodes for cathodic protection.
 
      - The Company undertook to set up a project for
 coating/re-coating
        of fabrication of anodes under the mercury process.  In view
 of
        this, the Company entered into an agreement with Wimco Ltd.,
 on
        30th November, to take over the existing assets and
 liabilities
        of its metal anodes division at Rampur, for a consideration
 of
        Rs. 603 lakhs.
 
      - The Company was also proposed to upgrade its existing
 facilities
        for manufacture of components for membrane cells,
        electro-chlorinator for water treatment, water electrolysers
 for
        production of pure hydrogen, anodes for cathodic protection 
        systems and undertake coating of anodes/cathodes under the
        membrane cell process.  An important pickling tank along with
 a
        furnace drawings was procured from the collaborators.  Other 
        plant and machinery such as power panels, furnace, forklift
 etc.
        were to be secured from indigenous sources.
 
      - The Company entered into a technical collaboration agreement
 on
        20th September, with Oronzio De Nora, Netherland for
 selection,
        erection and installation of plant and machinery, for design,
 
        engineering and quality assurance etc.  The collaborators
        participated to the extent of 40% in the equity capital of
 the
        Company.
 
 1990 - 7 signatories to the Memorandum of Association.  29,99,993 No.
 of
        equity shares then issued at par of which the following were
        reserved and allotted on a firm basis:
 
      - (i) 12,00,000 shares to foreign collaboration M/s. Oronzio De
 
        Nora International BV, Netherlands and
   
      - (ii) 11,99,993 shares to Indian promoters, resident directors
        etc.
 
      - Of the remaining 6,00,000 shares 1,50,000 shares were reserved
 
        for allotment on a preferential basis to employees (including
        Indian working directors)/workers of the Company (all were
 taken
        up).  The balance 4,50,000 shares were offered for public
        subscription during December (all were taken up).
 
 1991 - Profits declined due to increased cost resulting from
 devaluation
        of Rupee and deferment of projects by user industry due to 
        political uncertainty and monetary constraints.
 
      - The Company embarked upon setting up of another plant in Goa.
 
 1992 - The Company entered into a technical collaboration with
 Oronzio
        De Nora S.A., Switzerland for the manufacture of titanium 
        anodes for cathodic protection (anti corrosion) system.
 
      - During August, 15,00,000 rights equity shares issued (prop.
 1:2;
        pref. Rs.30).  75,000 No. of equity shares offered at a prem.
 of
        Rs.30 per share to employees (only 37,800 shares taken up). 
 The
        The unsubscribed 37,200 shares of employees quota allowed to
        lapse.  Additional 50,000 No. of equity shares at a prem. of
        Rs.30 offered to the Company's foreign collaborator who took
 up
        only 25,000 shares.
 
 1994 - Turnover declined due to reduced level of activity related to
 new
        anode supply to membrane projects.  Moreover, liberalisation
        measures introduced by the Govt. has provided an option to
 Indian
        customers to directly import plants including second hand
 plants.
 
 
 2003
 
 - Board have approved to delist the equity shares of the company from
 the Mangalore, Delhi & Mumbai Stock Exchanges.
 
 2004
 
 -Titanor Components Ltd. has informed that the securities of the
 Company have been delisted from The Delhi Stock Exchange Association
 Limited wef December 10, 2003.
 
 -Titanor Components Ltd has informed that the equity shares of the
 company have been delisted from Mangalore Stock Exchange wef March
 13, 2004.
 
 2007
 
 - Company name has been changed from Titanor Components Ltd to De
 Nora India Ltd.
 
 2009
 
 - De Nora India Limited has informed that Mr. Dharmesh M. Kuvalekar,
 Company Secretary has been appointed as Compliance Officer of the
 company with effect from February 23, 2009.
 
 
 2010
 
 - The Company has appointed Mr. Deepak B. Nagvekar, General Manager-
 Finance & Accounts as the Compliance Officer.
 
 - Ms. Milita Rodrigues has been appointed as the Company Secretary
 and Compliance Officer  of the Company.
 
 
 2011
 
 - The Company has received an order (appox) Rs.20.00 Crores to be
 executed over a period of 17 months for 5 TPD Sodium Chlorate
 Project.
 
 - The Company has received a L.O.I. (appox) Rs. 16.00 Crores to be
 executed over a period of 15 months for manufacture of Chlorate
 Cells.
 
 
 2012
 
 - The Company at its meeting held on February 15, 2012, has decided
 to recommend a dividend of Rs. 6.00 per equity share for the year
 ended.
 
 2013
 -Mr. Vinay Chopra, Additional Director is appointed as the Manager of
 the Company.
 -The Board of Directors of the Company has decided to recommend a
 dividend of Rs. 7.00 per equity share for the year.
 -Ms. Jyoti Bandodkar has been appointed as the Company Secretary and
 the Compliance Officer of the Company.
 
 2014
 -De Nora Inaugurated SmartMatLab, the laboratory for intelligent
 materials.
 -De Nora solution for copper electrowinning presented at
 international conference.
 
 2015
 -De Nora India receives best performance award
 
 2016
 -De Nora Wins Gold Medal at Macfrut Innovation Award 2016.
 -De Nora signs agreement with Liquid Light.
 
 
 
Source : Dion Global Solutions Limited
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