Hindustan Lever Chemicals Ltd.

1974 
 
 - The Company was Incorporated on 9th April and was promoted by PSIDC
 &
 DIK (Dai-Ichi Karkaria Pvt. Ltd.) PSIDC entered into a collaboration
 agreement on 1st November 1973 with pik for setting up a new
 undertaking in the State of Punjab for manufacture of synthetic
 detergents, toilet soaps and glycerine.  The Company Manufacture of
 bulk chemicals such as Sodium Tripolyphosphate, sulphuric acid and
 fertilizers.
 
 - The company set up a sophisticated manufacturing unit comprising of
 a
 synthetic detergent plant, a toilet soap plant, & a glycerine plant.
 
 1994 
 
 - 700 No. of equity shares subscribed for by signatories to the
 Memorandum of Association, 4,49,400 shares allotted to Dai-Ichi
 Karkaria Pvt. Ltd.  4,67,900 shares allotted to PSIDC.  During Feb.
 1994, 12,50,000 shares issued to Unilever Plc. at a prem. of Rs 115
 per
 share.
 
 1996 
 
 - The Company went in for restructuring and for restructuring the
 company acquired the bulk chemicals and phosphates business from its
 holding company Hindustan Liver Ltd. and in turn transferred its
 detergent business to HLL.
 
 - Effective 11th March, the name of the company was changed to Hind
 Liver Chemicals Ltd. from Stepan Chemicals Ltd.
 
 - The Company has signed an agreement with NSDL for the
 dematerialisation of its shares.
 
 - Necessary approvals were received for issue of 57,80,000 bonus
 equity
 shares in proportion 1:1.
 
 - 28,90,000 Rights equity shares issued (prop. 1:1; prem. Rs 240).
 
 1997 
 
 - The Company was in the process of implementing a major capacity
 expansion of DAP plant at Haldia apart from further debottlenecking
 of
 its STPP.
 
 - The Company was also exploring the possibilities of expansion of
 its
 sulphuric acid plant and setting up SSP manufacturing facilities at
 Haldia.
 
 - During July, the company issued through a prospectus 8,82,000 No. 
 of
 equity shares of Rs 10 each and 10,000-11% cumulative preference
 shares
 of Rs 100 each to the public.  Of the preference shares, 5 were
 taken
 up by the public and 10,005 were allotted to financial institutions.
 Of the issue of equity shares issued to public only 3,000 were take
 up
 and balance 8,79,000 devolved on the underwriters.
 
 - Hind Lever Chemicals, a 60 per cent subsidiary of HLL, was the
 third
 case of dispute with the RBI on the pricing of the preferential
 allotment of shares to Unilever.
 
 - Hind Lever Chemicals (HLCL) is evaluating proposals for sourcing
 technology from Insitec of Australia and Hindustan Dorr Oliver Ltd,
 among others, for its diammonium phosphate plant at Haldia in West
 Bengal.
 
 - The Haldia factory of Hind Lever Chemicals Limited (HLCL) received
 the prestigious Environment Protection Award for the fifth time.
 
 1998 
 
 - The board of Hind Lever Chemicals Ltd (HL CL), has proposed to
 issue
 bonus shares in the ratio of one share for each share held in the
 company (1:1) by capitalising the share premium account in
 supersession
 of the earlier proposal to issue bonus shares pursuant to the
 preferential allotment to Unilever Plc, which has been aborted.
 
 - Hind Lever is also expanding its capacity from 2.5 lakh tonnes to
 as
 much as seven lakh tonnes of DAP/NPK complexes with the latest
 pipe-reactor technology.  Hind Lever Chemicals also manufactures
 sodium
 tripolyphosphate, a crucial ingredient for detergents manufactured
 by
 Hindustan Lever.
 
 1999 
 
 - Hind Lever Chemicals will raise production capacity of di-ammonium
 phosphate (DAP) to seven lakh tonnes per annum from the existing
 three
 lakh tonnes by June.
 
 - The Hindustan lever subsidiary will be setting up a DAP plant, a
 sulphuric acid plant and a single super phosphate (SSP) plant in
 Haldia.
 
 - HIND Lever Chemicals has allotted 22.26-lakh shares to
 institutional
 investors at Rs. 460 per share.  The company is just one among the
 many
 which have made such equity offers in the last one year.
 
 - HLCL manufactured 30,502 tonnes of DAP and 9,386 tonnes of STPP
 during the first three months of 1999.  The company said that the
 production of DAP has been lower due to the annual shutdown at
 Haldia
 factory.
 
 2002
 
 -Anup Singh ceases to be a Director of Hind Lever Chemicals.
 
 2003
 
 -Members and Creditors approve for the scheme of amalgamation of the
 company with
 Tata Chemicals Ltd.
 
 -Sanjana Cyrogenic Storages in outsourcing pact with Indo Gulf
 Corporation on West Coast 
 and Hind Lever on the east coast
 
 - The merger of Hind Lever Chemicals Ltd with Tata Chemicals Ltd came
 into effect on June 1. Consequent to the orders of the High Court of
 Judicature, Mumbai, and the High Court of Punjab & Haryana,
 sanctioning the Scheme of Amalgamation of Hind Lever Chemicals with
 Tata Chemicals, Hind Lever Chemicals has merged with Tata Chemicals,
 effective from June 1, 2004.