Company History - HeidelbergCement India
1958 - The Company was Incorporated on 13th May, at Bangalore. The
Company's object is to manufacture cement, portland cement
alumina cement etc.
1960 - 2,50,000 shares subscribed by directors etc. 1,93,000 shares
Willys overland Export Corpn.; 97,000 shares by Kalser
40,000 shares offered to the overseas Corpn.; 1,50,000 shares
Mysore Govt. and 20,000 shares by the New India Assurance Co.
Ltd. 4,40,000 shares offered to the public in April 1960.
1970 - 251 forfeited equity shares reissued during the year.
1974 - Mining lease was acquired for limestone deposits in the area.
- A second hand power plant was purchased from Madhya Pradesh
Electricity Board to meet 50% of the requirements of Damoh
1977 - 70,000 - 9.5% pref. shares redeemed on 29th June 1978. 70,000
- 11% pref. shares issued.
1979 - Authorised capital reclassified. 13,50,000 rights equity
issued (prem. Rs.2 per share; prop. 3:4) in February 1980.
1981 - Rate of dividend on 70,000 - 11% pref. shares increased to
effective from 6th November. 30,000 - 13.5% pref. shares
as rights to equity shareholders in prop. 1 pref. : 105 No.
equity. Only 10,319 shares taken up.
1982 - 19,681 - 13 1/2% pref. shares of 1981-82 issue taken up in
1982-83 (7,681 pref. shares redeemable on 8th October 1994 and
12,000 pref. shares redeemable on 26th November 1994.
1983 - A letter of intent was received to expand the plant capacity
Damoh to one million tonnes per annum.
- The unit could achieve higher efficiency of production and
savings in fuel costs due to installation of the latest 6
pre-heater system in kiln No. 2.
- Rate of dividend increased. 90 No. of equity shares
1984 - 12,59,789 bonus shares issued in the prop. 2:5. 4,06,118
allotted to institutions on conversion of loans.
1985 - Production was adversely affected due to severe power cuts
inadequate availability of coal. It was planned to install
more diesel generating sets of 5 MW each.
- 1,62,446 bonus shares issued in the prop. 2:5 in respect of
4,06,118 shares issued to institutions in 1984-85.
1986 - Margins were under pressure due to increase in input costs,
decline in the non-levy price of cement, power cuts as high
60% - 80% in the Ammasandra plant and high cost of captive
1987 - The Company undertook modernisation of plant at Ammasandra
- The Company undertook to set up a new cement plant at Damoh
a capacity of 4 lakh tonnes per annum.
- Approval was received for the installation of a grinding unit
Jhansi, U.P. to raise the company's licensed capacity to 1.87
- The Company issued 13,00,000 - 12.5% secured redeemable
convertible debentures of Rs.125 each for cash at par as
- (i) 5,00,000 debentures to shareholders on rights basis in
prop. 1 debenture for 10 No. of equity shares (all were taken
- (ii) 65,000 debentures to employees (including Indian working
directors - only 5,510 debentures taken up),
- (iii) 1,44,000 debentures to non-resident Indians/persons of
Indian origin residing abroad on a repatriation basis (only
51,860 debentures taken up),
- (iv) 5,91,000 debentures along with remaining unsubscribed
portion of 1,51,630 debentures from the preferential quota
offered for public subscription (all were taken up).
- Additional 2,67,592 debentures allotted to retain over
subscription (95,342 to the equity shareholders and 1,72,250
the general public).
- 78,37,960 No. of equity shares allotted (prem. Rs.5 per share)
part conversion of debentures on 31st March 1988. In July
64,07,893 rights equity shares issued (prem. Rs.5 per share;
prop. 1:2). 3,37,257 No. of equity shares issued to
of the company (prem. Rs.5 per share) but only 1,800 shares
up. The unsubscribed 3,35,457 shares of the employees quota
allowed to lapse. 70,000 - 15% pref. shares redeemed at par
12th September, 1988. 1,50,000 - 14% pref. CR shares
placed with financial institutions on 3rd June 1988.
- Rs.75 of each debenture was converted into 5 No. of equity
of Rs.10 each at a prem. of Rs.5 per share on 31st March,
The balance Rs.50 of each debenture was to be redeemed in 3
yearly instalments of Rs.17, Rs.17 and Rs.16 commencing on
1988 - 70,000 - 15% cumulative preference shares out of the total
1,00,000 preference shares issued were redeemed at par as on
September. The balance of 30,000 - 15% preference shares are
redeemable at par in the following manner:
- (i) 10,305 preference shares on 31st May, 1994,
- (ii) 14 preference shares on 28th June, 1994;
- (iii) 7,681 preference shares on 8th October, 1994 and
- (iv) 12,000 preference shares on 26th November, 1994.
1989 - Fixed assets of Ammasandra and Damoh units, excluding
land, furniture, office equipments, vehicles and additions
the year were revalued as at 31st March, 1990 and the
surplus amount was credited to revaluation reserve.
1990 - The Company received a letter of intent for establishing a
cement plant in Raipur district of Madhya Pradesh with a
of 1.4 million tonnes per annum. Necessary steps were being
1991 - A new cement plant of 5 lakh tonnes per annum capacity was
set up at Imlai in Damoh district of Madhya Pradesh.
- The prospecting licence for limestone was granted.
- With a view to expand its activities, the Company was making
equity investment of around Rs.216 lakhs (equivalent to M$ 3
million), in a new Malaysian project for manufacturing
- The Company submitted a proposal to IDBI for take-over and
revival of a sick cement unit.
- The Company undertook to set up an iron and steel project at
Haldia in West Bengal. Initially it was proposed to set up a
mini blast furnace with a capacity of 2.5/3 lakhs tpa with a
to double the capacity and further diversification into
steels in the same location. Also, a modern foundry is
envisaged to be established along side the mini blast furnace.
- A new company under the name `Birla Metals Ltd.' was
incorporated for the same and it was expected that West
Industrial Development Corporation to participate in the
1992 - The Company undertook to set up a 10 MW capacity captive
plant to overcome the poor power supply. To cater to the
increased lime stone requirement for the one million tonne
Clinkerisation plant, new mining areas were being developed.
Damoh unit made a beginning in exporting slag cement to
- A 1.4 MW DG set was installed to overcome the deteriorating
- In January, the Company issued 5,00,000 - 20% secured
non-convertible debentures (A-series) of Rs.100 each at
NA on private placement basis. These debentures were to be
redeemed at a prem. of 55 in three equal yearly instalments at
the end of 6th, 7th and 8th years from the date of allotment,
prem. being payable along with the 2nd instalment at the end
- Simultaneously, with the above issue, the Company issued
10,00,000 - 20% secured non-convertible debentures (B-Series)
Rs.100 each to LIC, UTI, GIC and its subsidiaries on private
placement basis. These debentures were to be redeemed at a
of 5% in three equal yearly instalments at the end of 6th, 7th
and 8th years from the date of allotment the prem. being
along with the instalment at the end of 7th year.
1993 - During September, the Company issued 240,31,850 zero interest
secured fully convertible debentures of Rs.45 each on rights
basis in the prop. 5 debentures: 4 equity shares held (only
29,37,676 debs. taken up; 54,048 debs. kept in abeyance under
section 206A and under Custodian's Notification; 10,40,126
were otherwise allotted).
- Another 12,01,592 - zero interest debentures were offered to
employees on equitable basis (only 15,775 debs. taken up).
Unsubscribed portion of 11,85,817 debs. allowed to lapse.
Another 12,01,592 zero interest debentures offered to
Management/Associate companies (all were taken up).
- Each debenture was to be converted into 1 equity share of
each at a prem. of Rs.35 per share on 1st February, 1994.
1994 - Clearance in principle was obtained from the State Govt. of
Karnataka for setting up a new greenfield cement plant of 1.5
million tonnes p.a. along with a captive power plant in
- The Company issued 20,00,000 - 12.5% shares. These are
redeemable at par 17th February, 1998 (4,00,000 shares), 17th
February 1999 (8,00,000 shares) and on 17th February 2000
- 15% pref. shares redeemed. 251,74,258 No. of equity shares
allotted on conversion of fully convertible debs.
1995 - The 1,50,000 - 14% redeemable cumulative preference shares
redeemable at par on 3rd June.
- 14% pref. shares redeemed. 27,75,000 shares allotted on
conversion of warrants on exercising of option by warrent
and 3244 shares allotted consequent to annulment of
1998 - The Company undertook to install a 15MW thermal power plant
- MCL has an aggregate capacity to manufacture 2.1 million tpa
cement. It has cement plants in Karnataka and MP and a
unit in UP.
- Mysore Cements has recently concluded projects to become
self-sufficient in power at its three plants across the
It has set up a 22 MW power plant at Ammasandra, Karnataka at
cost of Rs 55 crore. The other power plants are in Narsingad
MW) and Imlai (12 MW) for the Damoh factory in Madhya
- MCL proposes to issue equity shares of up to 8.325 million
per cent of the paid-up equity share capital) on private
placement basis from time to time in one or more tranches to
Nesher and/or its associates, etc.
- GUJARAT Ambuja Cements Ltd (GACL) has bought a meagre stake
in Mysore Cements Ltd and DLF Cements Ltd as a part of its
treasury operations. GACL currently holds about 1.28 lakh
shares of Mysore Cements aggregating Rs. 12.96 lakhs, and
1.77 lakh shares of DLF Cements aggregating Rs. 9.62 lakhs.
- Mysore Cements will also issue a block of 33.25 lakh
equity shares for subscription by foreign institutional
investors, overseas corporate bodies and mutual funds.
1999 - MYSORE Cements Ltd, an SK Birla group company, is floating a
joint venture with Nesher Israel Cement Enterprises of Israel
to set up a Rs 600-crore 1.5-million-tonne cement plant at
Gulbarga in Karnataka.
The Israeli company recently picked up a 9 per cent equity
stake in Mysore Cements at a premium of Rs 10 (FV: Rs 10) in
the Rs 47.19 crore equity capital of the Rs 309 crore Mysore
Cement Ltd. The proposed joint venture company will be a
subsidiary of Mysore Cement.
- MYSORE Cements has proposed to offer 30 lakh shares to a
fund at Rs. 20 per share. Pantaloon Fashions has a similar
on the cards. And BFL Software made such an offer last year.
2000 - The Board has allotted 9,30,000 No. of equity shares of Rs 10
ICICI fully paid-up towards payment of their dues.
-Delist Equity Shares of the Company from the Madras Stock Exchange
Ltd., Chennai and The Calcutta Stock Exchange Association Ltd.,
-ICICI Bank Ltd. withdrawn the nomination of Shri K. Bharathan in
the Board of Directors and in his place, nominated Shri Satya Prasad
as their nominee on the Board of the Company
-Mysore Cements Ltd has informed that the Company has received a
letter from the Madras Stock Exchange Ltd confirming that the equity
shares of Mysore Cements Ltd have been delisted voluntarily from
their Stock Exchange (MSE).
-Mysore Cements Ltd has appointed Mr. S Krishna Kumar, IAS (Retd.)
as the Additional Director on the Board of Directors of the Company.
-Mysore Cements Ltd has appointed Mr. T.V. Ganesan as the Head Legal
& Company Secretary and Compliance Officer of Mysore Cements Limited
w.e.f. 1st May 2007.
- The name of the Mysore Cements Ltd has been changed from Mysore
Cements Ltd to HeidelbergCement India Ltd.
-Registered Office of the Company has been shifted To 9th Floor,
Tower C, Infinity Towers, DLF Cyber City, Phase II, Gurgaon - 122 002
-HeidelbergCement India Ltd commencing Project at Jhansi (U.P.).
-HeidelbergCement India Ltd-Expansion project at Damoh (M.P.).
-HeidelbergCement has been appointed Mr. Jamshed Naval Cooper as CEO
& Managing Director of the Company.
-Heidelberg Cement In - HeidelbergCement India Ltd reply to
clarification sought by the exchange