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HIL Ltd.

BSE: 509675 | NSE: HIL |

Represents Equity.Intra - day transactions are permissible and normal trading is done in this category
Series: EQ | ISIN: INE557A01011 | SECTOR: Cement - Products & Building Materials

BSE Live

Jan 18, 16:00
4500.80 -85.40 (-1.86%)
Volume
AVERAGE VOLUME
5-Day
1,024
10-Day
939
30-Day
975
1,469
  • Prev. Close

    4586.20

  • Open Price

    4608.80

  • Bid Price (Qty.)

    4465.00 (7)

  • Offer Price (Qty.)

    4595.00 (10)

NSE Live

Jan 18, 15:50
4479.00 -105.00 (-2.29%)
Volume
AVERAGE VOLUME
5-Day
7,083
10-Day
8,016
30-Day
8,933
8,169
  • Prev. Close

    4584.00

  • Open Price

    4599.00

  • Bid Price (Qty.)

    0.00 (0)

  • Offer Price (Qty.)

    4479.00 (1)

Company History - HIL
YEAR                       EVENTS
 1946 - The Company was Incorporated at Hyderabad.  The Company's
 objects
        is to manufacture and sales of asbestos cement products and 
        accessories.  The company's products are sold under the trade
        name Charminar.
 
      - Only application and allotment moneys called-up.  In O.S.
        currency
 
 1964 - An agreement was signed with M/s. Johns Manville
 International
        Corporation for technical assistance for the manufacture of
        asbestos cement pressure pipe machines.
 
 1966 - 8,26,455 Bonus shares of Rs.2.50 each issued in prop. 7:1.  
        Shares then consolidated.
 
 1967 - The Company entered into a technical consultation arrangement
 
        with The Cape Asbestos Company, Ltd. London, in respect of
 the
        manufacture of Capsite asbestos moulded insulation articles.
 
 1968 - In January, 2,36,130 bonus shares issued in prop. 1:1.
        2,36,130 right shares were then issued at par in prop. 1:2.
 
 1969 - 3,54,195 right equity shares issued at par in prop. 1:2.  In
        September.  35,000 9.5% pref. shares offered to the public.
 
 1971 - In April 1971, 3,54,195 right equity shares were issued at par
 in
        prop. 1:3.
 
 1974 - The company entered into a collaboration agreement with
 Societa
        Italiana Per L'Amiants, S.P.A. Italy, for the manufacture of
        asbestos products viz., asbestos textile, asbestos cloth, 
        asbestos rubber jointing sheets and asbestos mill board.
 
 1978 - The Company supplied, plant and machinery, technical know-how
 and
        engineering and management services for asbestos cement
 sheets
        and pipes project in Um-Al-Quwain (UAE).
 
 1980 - The Company supplied plant and machinery, technical know-how
 etc.
        to Banchi State Government of the Federal Republic of Nigeria
 for
        their asbestos cement sheets and pipes project.  The Company 
        participated to the extent of 1.05 million Naira in the
 equity
        capital of the Nigerian company.
 
      - The Company was allotted 60,000 redeemable preference shares
 of
        Nepalese Rs.100 each by the Nepal Metal Company Ltd., a joint
        venture company incorporated in Nepal in consideration of
        prospecting work done in the past year and expenses incurred
 by
        the company in Nepal.  Subsequently, the Nepal company
 increased
        its equity capital, due to escalation in project costs, and 
        further in 1983 due to similar reasons.  The company's
 investment
        in this joint venture stands revised at Nepalese Rs.112.80
 lakhs
        from Nepalese Rs.45 lakhs.  This is in keeping with the 
        requirement to hold 25% of the equity capital.
 
      - 35,000 pref. shares redeemed during the year.
      
 1982 - The Company applied for a licence to set up a 9 lakh tonnes
        cement plant in Madhya Pradesh in two stages.  The Company
        undertook to set up a gypsum board project in Haryana by 
        promoting a new company with foreign collaborator BPB
 Industries
        Plc. London U.K. in the name of Gypsum, Ltd. a Jid in
 Haryana.
        The plant was commissioned in October 1987.
 
 1983 - The Company issued non-convertible debentures for Rs.7.00
 crores
        to meet the working capital requirements.
 
      - The Company's land and building at Hyderabad (Andhra Pradesh)
 and
        Ballabgarh (Haryana) were revalued as at 31st December.  The
 net
        surplus of Rs.9,54,81,240 arising out of this was credited to
 
        revaluation reserve.
 
 1985 - The name of the company was changed from Hyderabad Asbestos 
        Cement Products, Ltd. to Hyderabad Industries, Ltd. with
 effect
        from 11th November.
 
 1986 - A letter of Intent was obtained for the manufacture of bag 
        packing machines and systems.  The Company also proposed to
 take
        up the manufacture of power drive pumps of all types,
 centrifugal
        etc.  It was also proposed to enter into the field of
 consultancy
        and contracting in relating to various industrial projects.
        Applications were also made for industrial licences for the 
        manufacture of (i) fibre reinforced calcium silicate boards;
        (ii) captive jig washeries, (iii) extractions, handling and 
        sampling equipment and systems for ore and minerals including
 
        coal and (iv) styrene tubacliene rubbers by promoting a new 
        company.
 
      - In May, the company supplied plant and machinery and
 technical
        assistance to Malabar Building products Ltd., promoted by
 Kerala
        Industrial Development Corporation Ltd. and also participated
 to
        the extent of Rs.43.69 lakhs in the equity capital of the 
        company.
 
 1987 - The company was forced to declare a lock-out at its
 Ballabgarh
        unit from 14th October to 21st March, 1988 due to labour
 unrest.
 
 1988 - 28,33,560 bonus equity shares issued in prop. 1:1 (Allotment
 of
        1,32,832 shares pending).
 
 1989 - The Company signed a Memorandum of Understanding with M/s.
        Machinoimport of USSR for technical know-how and assistance
 for 
        the manufacture of extraction, handling and sampling
 equipment
        and systems for ore and minerals including coal.
 
      - The balance 1,32,832 bonus shares were allotted.
 
 1990 - Production declined due to inadequate availability of raw 
        asbestos and depressed market for asbestos cement pressure
 pipes.
 
 1991 - The agreement with Umm-Al Quwain Asbestos Cement Industries, 
        UAE, was extended for a period of 1 year from January.  The
        company has been renewing its agreements with Nigerian
 Asbestos
        Industries Ltd. since the expiry of initial technical
 agreement.
 
      - With effect from 1st April, the heavy engineering division
        including steel foundry of Hindustan Motors, Ltd. at
 Uttarpara,
        West Bengal was transferred to the company.  In terms of the
        Scheme of Arrangement sanctioned by High Courts at Calcutta
 and
        Hyderabad, 1,75,000 No. of equity shares of the company of
 Rs.10
        each at a prem. of Rs.50 per share were allotted to Hindustan
 
        Motors, Ltd.
 
 1992 - The Company was planning to put up a Cement Gruinding Unit
 with
        a capacity of 60,000 tonnes per annum at Jasidhi, Bihar.
 
      - During July, the company issued 12,46,766 -15% secured 
        redeemable partly convertible debentures of Rs.160 each on
 rights
        basis in the prop. of 11 debentures 50 No. of equity shares
 held.  
        Allotment of 506 debentures was kept in abeyance.
 
      - 13,05,511 No. of equity shares allotted on conversion of
 debs.
        1,75,000 No. of equity shares issued to Hindustan Motors, Ltd.
 as
        per the scheme of Arrangement (prem. Rs.50 per share).
 
 1993 - The Company entered into a technical collaboration with
 Mogensen
        Technology AB, Sweden to manufacture special screens, sizers
 and
        feeders.
 
      - Another 62,338 - 15% partly convertible debentures of Rs.160
 each
        were offered to the employees.  Only 16,465 debentures were
 taken
        up.  Out of the remaining 42,786 debentures were allotted to 
        Financial Institutions till 31st March.
 
      - Part `A' of Rs.60 of each debenture was to be converted into
 one
        equity share of Rs.10 each at a prem. of Rs.50 per share on
 the
        expiry of six months from the date of allotment of
 debentures.
 
      - Part `B' of Rs.100 of each debenture will be redeemed at par
 in 
        three annual instalments of Rs.33, Rs.33 and Rs.31,
 respectively
        on the expiry of 8th, 9th and 10th year from the date of 
        allotment of debentures.
  
 1994 - As a step towards diversification into new range of building 
        products, the company entered into a technical collaboration
        agreement with Building Technologies Australia Pty. Ltd.
        Australia to manufacture pre-fabricated building panels.
 
      - Another technical collaboration agreement was entered with
 Peiner
        Hebe-Und Transport systeme, Germany for manufacture of Tower
        Cranes.
 
      - The Company has entered into a technical collaboration with
        Mogensen Technology AB, Sweden to manufacture Special
 Screens,
        Sizers and Feeders.
 
 1995 - The Company was in the process of setting up a project for 
        production of Autoclaved Aerated Concrete blocks at Chennai,
        Tamilnadu.
 
      - The Company entered into a technical collaboration agreement
 with
        M/s. Nippon Gasket Company Ltd., Japan for manufacture of 
        jointings of international quality to meet OEM requirement.
 
      - The Company was awarded Certificate of Merit by Chemicals and
        Allied Products Export Promotion Council for outstanding
 export
        performance.
 
 1996 - The performance of Heavy Engineering division was affected 
        adversely due to the sluggishness in the core sector
 industrial
        activity and also due to delays in the finalisation of orders
 
        from mining and infrastructure projects.
 
      - The Company proposed to set up a plant at Vijayawada, Andhra 
        Pradesh for production of fibre cement sheets and
 accessories.
        The project was expected to be operative in the first quarter
 of
        1998.
 
 1997 - Hyderabad Industries Limited (HIL), launched aerocon panels,
        termed as an economic alternative to brick, wood and hollow
        blocks.
 
 1998 - The company entered into a marketing alliance with the $ 1
        billion Wilson art International of the US to offer Eurostone
        decorative surfacing material in the country.
 
 1999 - The company has entered into agreements with thermal power
        stations in the country for procuring a substantial quantity
 of
        fly-ash regularly as the consumption of the plant would be
 around
        90000 tonnes per annum.
 
 2000 - The Company has entered into a technical collaboration with
        Geomeccanica of Italy, a CMV group company for the manufacture
 of
        Hydraulic Piling Rigs in India.
 
 2004
 
 -Appoints Mr. O.P.Jagetiya as a Director and Managing Director (MD)
 of the Company for a period of 3 years
 
 -Shares delisted from Hyderabad Stock Exchange and Calcutta Stock
 Exchange.
 
 2007
 
 -Hyderabad Industries Ltd has appointed Shri.R.S.Garg as Company
 Secretary and entrusted the responsibility and functions of the
 Compliance Officer with effect from 31st January, 2007.
 
 
 2009
 
 - Hyderabad Industries Ltd has informed BSE that the Board of
 Directors of the Company at its meeting held on January 27, 2009,
 inter alia, has appointed Mr. Yash Paul, as an Additional Director of
 the Company to hold office up to the date of the next Annual General
 Meeting. Mr. Yash Paul is also nominated, as Member, on Audit
 Committee, Remuneration Committee and Investors Relation Committee of
 the Board.
 
 2010
 
 -Hyderabad Industries has commenced the commercial production of the
 new AAC Blocks manufacturing unit at Golan, near Surat, Gujarat. 
 
 -HIL buys fibre cement sheet facility in Punjab
 
 2011
 
 -Hyderabad Industries has successfully commissioned a 1.25 MW Suzlon
 Make Wind Turbine at location KD248, Village: Eragampatti, Taluk:
 Dharapuram District: Tirupurour, Tamilnadu 
 
 2012
 
 -Hyderabad Industries has commenced commercial production of an
 additional line at its fiber cement sheets manufacturing plant at
 SIDA, Sathariya, Jaunpur Dist, Uttar Pradesh, with an installed
 capacity of 90,000MT/Annum.
 
 -The name of the company has changed from Hyderabad Industries Ltd to
 HIL Ltd.
 
 -HIL received Design Wall ET ACETECH award 2012
 
 -HIL received Manufacturing Today Awards 2012, for Excellence in
 operations.
 
 2013
 -HIL has recommended a final dividend @125% being an amount
 equivalent to Rs. 12.50/- per Share on the Equity Share of Rs. 10/-
 each.
 
 2014
 -HILs Golan Plant won the 2nd runners-up award in the Excellence in
 Sustainability category at Manufacturing Todays Awards 2014.
 -HIL and Aerocon have won the prestigious Ethical Brand award, adding
 to HILs stature as a Superbrand.             
 
 2015
 -HIL Limited has started the commercial production of its AAC Blocks
 plant in Timarpur, Telangana.
 -HIL Ltd has commenced commercial production of Coloured Steel sheets
 at its manufacturing facility in Wada, Maharashtra.