Gontermann Peipers (India) Ltd.

1966 
 
 - The Company was incorporated on 27th December in Calcutta.  The
 company was promoted by Gontermann-Peipers GmbH, West Germany, and
 Shri
 H.K. Nathani of Calcutta.
 
 - The Company's objects is to manufacture of iron based and steel
 based
 rolls.
 
 - Gontermann-Peipers GmbH (GPS), West Germany, were the company's
 collaborators for technical know-how and other services.
 
 1968
 
 - 6,50,000 shares subscribed for by promoters (62,533) shares
 without
 payment in cash to collaborators.  2,50,000 shares issued to public
 in
 Sept. 1967.
 
 1972
 
 - 650 No. of equity shares forfeited.
 
 1974 
 
 - 650 forfeited shares reissued.
 
 1981 
 
 - A letter of intent was received to raise the capacity for rolls to
 8,040 TPA at an estimated cost of Rs.470 lakhs.
 
 - The Company revalued its land and building and plant and machinery
 as
 on 30th April.
 
 1983 
 
 - 4,50,000 shares issued at par to the public.
 
 1984 
 
 - The object of the public issue of shares during January was to
 reduce
 the foreign holding from 60% to 40% voluntarily.
 
 - Subject to necessary approvals being obtained, the company
 proposed
 to make a Rights cum Public issue of fully convertible debentures to
 the extend of Rs.145 crores to part finance the forged rolls project
 and the textile project.
 
 1986 
 
 - The overall working was affected due to hike in prices of nickel
 and
 scrap and erratic power suply.
 
 1989 
 
 - 8,30,000 No. of equity shares allotted in conversion of loans.
 
 1990 
 
 - Despite loss of production during the first half of the year due
 to
 agitation by the workers' union.
 
 - As at 31st March the Company revalued its land buildings and plant
 and machinery and the net surplus of Rs.370.60 lakhs arising out of
 it
 was credited to the capital reserve account.
 
 1991 
 
 - 4,360,000 rights equity shares issued in prop. 2:1.
 
 1993 
 
 - In order to cater to the market requirement of larger size of
 rolls
 the company was adding up facilities with ladle refining furnace,
 energy of optimising H.T. furnaces of latest design and big
 lathes/grinding machines to turn rough weight upto 60 M.T.  and
 grind
 finish weight upto 40 M.T.  The balance part of the scheme like
 installation of ladle refining furnace, mechanised and, would drying
 oven, new grinders and casting pit commissioned by the third
 quarter.
 
 - The company proposed to set up a textile unit having a capacity of
 1,00,000 spindles in the State of Himachal Pradesh.  It was also
 proposed to set up facilities for manufacture of forged rolls at its
 existing diamond harbour plant location.
 
 1995 
 
 - The Company has taken up to increase the manufacturing capacity of
 iron and steel base rolls to 12000 MT p.a. from 8,000 MT p.a.  at
 its
 existing works in West Bengal.
 
 1996 
 
 - The Company undertook to set up the project in W.Bengal in a
 phased
 manner.  In the first phase, the company was to produce forged rolls
 after processing forged blanks from outside sources.  It was
 proposed
 to set up complete facilities to produce forged blank right from the
 melting operations in the second phase.
 
 - Subject to necessary aprovals being obtained, the company proposed
 to
 issue 43,60,000 Right equity shares of Rs.10 each for last at par in
 prop. 2:1.
 
 1997 
 
 - GPI is examining proposals to set up a subsidiary or joint venture
 company in Europe and the Far East in order to establish a global
 presence and source its imports.
 
 - GPI entailed the setting up of the textile project with a capacity
 of
 1,00,800 spindles and 960 rotors in Himachal Pradesh.
 
 - Gontermann-Peipers (India) Ltd (GPIL), part of the Ispat group of
 the
 Mittlas is in the process of commissioning as India's largest
 textile
 spinning unit under a single roof.
 
 - GPIL diversified from its thriving cast rolls business into
 textiles,
 by setting up a spindle project at Solan in Himachal Pradesh.
 
 1998 
 
 - During the year, the company developed and produced steel pack up
 rolls for a new generation hot strip mill.
 
 - The Company's state-of-the-art-spinning plant commenced production
 in
 a phased manner with 64,512 spindless and 960 rotors.
 
 - GPI is also in the process of formalising as debottlenecking plan
 to
 increase the production capacity of its rolls division at Diamond
 Harbour.
 
 1999 
 
 - The company has converted fully convertible debentures (FCD)
 aggregating Rs 144.75 crore (Rs 100 crore = Rs 1 billion) into
 equity,
 with effect from July 23, which would considerably reduce the
 interest
 burden of the company.
 
 - The rights issue of 17 per cent fully convertible debentures of Rs
 100 each and the public issue of 17 per cent fully convertible
 debentures of Rs 100 each was made on February 23, 1998, would be
 compulsorily converted into paid up equity shares with effect from
 July
 23, in terms of the offer documents.
 
 2000 
 
 - Gontermann-Peipers (India) Ltd. proposes to double the capacity of
 its new forged roll facility in the south 24 Parganas district of
 West
 Bengal to 3,300 tonnes from the existing 1,650 tonnes.
 
 2004
 
 -The Company appointed Shri L. K. Poddar as Managing Director of the
 Company.
 
 2006
 
 -Company has confirmed orders of more than 6 months production.
 
 2007
 
 -The Company has created an E-mail ID
 investors@gontermann-peipers.com exclusively for the purpose of
 registering complaints by investors
 
 -The Company recommended equity dividend of 10% for the year.
 
 2008
 
 -The Company recommended equity dividend of 15% for the year.
 
 2009
 
 -The Company has received order worth Rs. 12 Crores (approx.) from
 Jindal Power and Steel for its Raigarh plant and order amounting to
 Rs. 17.50 Crores from JSW Ltd for supply of rolls for its plants at
 Bellary.
 
 2010
 
 -Gontermann-Peipers India Ltd (GPI) has signed a memorandum of
 understanding (MoU) with the Chhattisgarh government to set up a
 pellet plant of 1.2 million tonne. 
 
 -The Company has received the following Certifications: 1. ISO
 14001:2004 2. ISO 9001:2008; and 3. OHSAS 18001:2007 for its
 activities related to Design, Development, Manufacture and Supply of
 Cast Steel, Cast Iron (Static & Centrifugal) & Induction Hardened
 Forge Steel Rolls.
 
 -Gontermann-Peipers (India) Limited announces major expansion plans.
 
 2012
 
 -The Company appointed Mr. Anil Sureka as an Additional Director of
 the Company.
 
 2013
 -The Board of Directors of the Company   has appointed Mr. Susanta
 Ghosh as Additional Director of the Company.