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Goodyear India Ltd.

BSE Live

Aug 06, 16:00
971.00 -10.65 (-1.08%)
Volume
AVERAGE VOLUME
5-Day
7,485
10-Day
8,761
30-Day
10,977
2,451
  • Prev. Close

    981.65

  • Open Price

    984.45

  • Bid Price (Qty.)

    0.00 (0)

  • Offer Price (Qty.)

    0.00 (0)

NSE Live

Dec 27, 11:22
29.05 0.00 (0.00%)
Volume
No Data Available
61,264
  • Prev. Close

    29.05

  • Open Price

    -

  • Bid Price (Qty.)

    - (0)

  • Offer Price (Qty.)

    - (0)

Goodyear India is not listed on NSE
Company History - Goodyear India
YEAR                                                                  
     EVENTS
 1922 - The Company was incorporated to manufacture tyres and
        rubber goods.
 
 1961 - On becoming a public limited company in March, the name of
 the
        Company was changed from The Goodyear Tire & Rubber Co.
 (India)
        Ltd. to Goodyear India Ltd..
 
      - The Goodyear Tires & Rubber Co., Akron, U.S.A., the ultimate
        holding company and its nominees hold 89,68,400 No. of equity
        shares of the Company.
 
      - Subject to necessary permission being received, the Company
        proposed to issue 81,00,815 No. of equity shares of Rs 10
 each
        at a premium of Rs 77.94 per share to the Good Year Tyre &
        Rubber Company Akron, Ohio U.S.A. to raise their stake to 74%
        from the existing 59.926%.
 
 1962 - 16,00,000 right shares issued.
 
 1963 - 4,00,000 shares offered to the public (prem. Rs 7 per share).
 
 1964 - In Dec. 6,40,000 shares offered (prem. Rs 7 per share; prop.
 5:8)
        to Indian shareholders.
 
 1973 - 25,38,577 bonus shares issued in prop. 1:1.
 
 1974 - 2,67,736 right shares issued (prem. of Rs 7 per share; prop.
 1:7)
        to Indian Nationals.
 
 1977 - 21,37,956 bonus shares issued in prop. 2:5.
 
 1982 - The Company executed an agreement with Andrew Yule & Co.
 Ltd.,
        Calcutta to provide technical know-how for manufacture of
 `Fan'
        and `Vee' belts and to buy 50% of their production for resale
        under the `Goodyear' brand name.
 
      - An approval was received to convert the bicycle tyre plant to
        produce 1,50,000 scooter/motorcycle tyres per annum and to
        increase the production capacity of automotive tyres and tubes
 to
        10.24 lakhs per annum.
 
      - The Company undertook a three-year modernisation in the
        Ballabgarh plant in order to raise the plant capacity.
 
 1989 - The Company proposed to increase the production of ultra
 large
        earthmover tyres as an import substitution measure.
 
 1990 - The `Power Tread', a passenger radial tyre launched was well
        received in the market.
 
      - 74,82,846 bonus shares issued in prop. 1:1.
 
 1993 - Profitability was adversely affected due to strike of
 truckers,
        high carrying cost on receivables and competitive prices.
 
 1994 - The company introduced two new products namely `Power King'
 in
        the Bias Truck Tyre segment and wrangler-RT/s in fabric
 radial
        segment for car and other vehicles which received high
        acclamation for their quality and acceptance.
        
 1995 - The Company entered into a joint venture arrangement for
        manufacturing Steel Radial Passenger, Light and Medium Truck
        Tyres and Bias Earthmover tyres with the technology of The
        Goodyear Tire & Rubber Company, Akron, U.S.A.
 
 1996 - In the Ballabgarh plant, a 5.3 MW RFO based wartsila genset
 was
        commissioned.
 
 1997 - The Company undertook expansion of Rear Farm Tyres production
 at
        its Ballabgarh plant.
 
      - 81,00,815 No. of equity shares allotted to Goodyear Tea &
 Rubber
        Co. U.S.A.
 
      - Goodyear India, a subsidiary of global tyre giant Goodyear
 Tire
        and Rubber Company, is organising a 700-km two day car rally
        for women in Delhi.
 
      - The company will be issuing preferential shares at the rate
 of
        Rs.87.94 per share which would amount to Rs.71 crore to the
        company.
 
      - The company proposes to raise Rs.710 million in the form of
        preferential shares in order to reduce the debt burden and
        increase the working capital of its Indian arm.
 
      - Goodyear Tire & Rubber Co. and the Steelworkers union reached
 a
        tentative contract agreement that if ratified will end the
        union's 14-day strike against the tyremaker.
 
      - Goodyear has also set up a joint venture company in
 partnership
        with Ceat Ltd called South Asia Tyres Ltd (SATL).  The 50:50
        joint venture has set up a Rs.367 crore radial tyre plant at
        Aurangabad.
 
      - Goodyear India Ltd. (GIL) promoted by Goodyear Tire & Rubber,
        USA (FY96 turnover US $13 billion) went public in 1961.
 
 1998 - RPG Enterprises and Goodyear India's 50:50 joint venture
 South
        Asia Tyres Ltd is under strain.
 
      - The company presently has a capacity of 1,194 tonnes per
 year.
        The company's joint venture with its parent company and Ceat,
        South Asia Tyres.
 
 1999 - The company has the technical and financial muscle to ride
 out
        the current sluggish phase.
 
      - Goodyear India Ltd. (GIL), announced the launch of two new
 tyre
        that are meant for special purpose dump trucks used in
 mining,
        quarrying and construction activities.
 
      - Goodyear has simultaneously launched nine new tyres.  This is
        probably the first time that a tyre company has introduced so
        many new products at one go.
 
      - Goodyear has emerged as the largest tyre company in the world
 and
        India is its largest investment destination in Asia.
 
 2000 - The Company has informed that, Goodyear Tire & Rubber
 Company,
        Akron, Chlo, USA, continues to hold 1,70,69,215 equity shares
 of
        Rs. 10/- each which constitutes 74% of the equity share
 capital
        of the company.
 
 2001
 
 -Unveiles three new products for truck and light truck segments.
 Launched after field and Laboratory testing, the three new tyres are
 the power 2000, the Power Torq+and the Power Max+, targeted at the
 medium, commercial and light truck segments respectively. 
 
 -Mr C Dasgupta, former Ambassador to European Union, the Kingdom of
 Belgium and China, has joined the Board of the company as
 non-wholetime Director.
 
 -Launches tubeless radial tyres for the passenger car category,
 making it the first tyre manufacturer in the country to offer a
 complete tubeless tyre range for all types of passenger cars
 
 2002
 
 -Mr H D Pace, non-wholetime Director and Mr E Krishnaiah, wholetime
 sales Director, resign from the company
 
 -Decides to stop the manufacture of tyres for Ceat Ltd under the
 brand names of the latter company
 
 -Mr Antonio M. Capellini appointed as its new Chairman and Managing
 Director
 
 2003
 
 -Company chosen as the original equipment (OE) supplier of tyres for
 two domestic passenger cars, Skoda Octavia and GM Chevrolet Optra,
 and two export cars, the Telco City Rover and Telcoline 4X2
 
 -Parent Goodyear Tire & Rubber Company - the largest tyre
 manufacturer in the world -  decides to invest $30 million
 (approximately Rs 135 crore) via the external commercial borrowing
 (ECB) route in its units at Ballabgarh and Aurangabad
 
 2006
 
 -Goodyear India on Oct 10, 2006,  rolled out new range of tyres
 Excellence for the premium car segment in India.
 
 2011
 
 - Goodyear India Ltd has recommended a dividend @ Rs. 7/- per equity
 share.
 
 2012
 
 - Goodyear India Ltd has recommended a dividend @ Rs. 7/- per equity
 share.
 
 2013
 
 - Goodyear India Ltd has recommended a dividend @ Rs. 7/- per equity
 share.
 
 2014
 
  - Goodyear India Ltd has recommended a dividend @ Rs. 9/- per equity
 share.
 
 2015
 -Goodyear in India collaborates with Plan India to improve the lives
 of children in Delhi and Mumbai
 
 2016
 -Goodyear India today launched its Healthy India program in
 partnership with the International Association for Human Values. 
 -Goodyear India, in association with Institute of Road Traffic
 Education (IRTE), has initiated a unique road safety programme
 -Goodyear Reveals Concept Tyres for Autonomous Cars
 -Goodyear Brings Iconic Tyre Technologies to Auto Expo 2016