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ITD Cementation India > Company History > Construction & Contracting - Civil > Company History of ITD Cementation India - BSE: 509496, NSE: ITDCEM
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ITD Cementation India

BSE: 509496|NSE: ITDCEM|ISIN: INE686A01026|SECTOR: Construction & Contracting - Civil
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Company History - ITD Cementation India
YEAR                       EVENTS                                     
                                                                       
                             1978 - The company was incorporated on
 24th June and the certificate of
        commencement of Business was obtained on 6th November.  It
 was
        formed to take over the Indian branch of the Cementation
 Company
        Limited, UK.
 
      - The Company is engaged in civil engineering and carrying out
        highly specialised contracts.
 
      - It was in the 1920's that a series of dams near Mumbai were
        constructed for Tata Hydro-Electric Power Supply Company.
 
      - The dams were constructed with Surkhi lime mortar.  After a
        period of time, Leakages became evident in the dams.  These
        leakages resulted in the start of the operations of the
        Cementation Company Ltd., UK in India in 1931.  
 
 1979 - With effect from 1st January the company took over the Indian
        branch of the Cementation Company Ltd., UK through a scheme
 of
        Amalgamation.
 
      - Govt. approved arrangements for provision of technical
 know-how 
        and services to the Company by Cementation Mining Ltd. (CML),
        Cementation Ground Engineering Ltd. and Cementation Pilling &
        Foundation Ltd. for a period of 5 years on a royalty (subject
 to 
        tax) of 1.25% of the turnover in the specialised activities in
 
        which such services are utilised.  Accordingly, agreements
 were
        signed in September 1981.
 
      - The main object of the public issue of equity capital was to
        reduce the non-resident holding in the Company to a level not
        exceeding 51%.
 
 1980 - Issued 51 shares to The Cementation Co., Ltd., U.K.
 (Cementation)
        and 49 shares to seven resident Indian Nationals as
 signatories
        to the Memorandum of Association.  8,00,000 shares issued at
 par
        through a prospectus.  4,08,000 shares reserved and allotted
 on a
        firm basis to Cementation without payment in cash.  25,000
 shares
        each reserved and allotted to UTI and GIC (including its 4
        subsidiaries) and 40,000 shares reserved for allotment to
        employees, Indian directors and business associates of the
        Company.  3,02,000 shares offered for public subscription
 during
        December 1979.
 
 1986 - The Company signed a technical collaboration agreement with a
        U.K. company for the technique of replacement of underground
        pipelines without open excavation.  A MOU had also been
 signed
        with an European company for technical support in specialised
        drilling.
 
      - Kvaerner Cementation Foundation Ltd., U.K. and Kvaerner 
        Construction Ltd., U.K. are technical collaborators for the
        Company.  The Govt. of India approved renewal of the existing
        collaboration agreement with these two companies for a
 further
        period of 5 years to September 2001.
 
 1987 - The R&D wing of the Company developed a light rig for using
 heavy
        drilling equipment for scaffolding and the equipment was
        successfully put to use.
 
 1989 - The contracts for providing small diameter crossings under
        roadways and railways for services such as telephone lines
 and
        electricity cables were executed.
 
 1990 - The R&D division of the Company has the recognition of the
        Department of Science and Technology, Govt. of India.
 
 1991 - The R&D division assisted in developing  equipment for marine
 
        piling work and evolving a technique for jacking in very
 large
        precast concrete boxes.  The division continued its
 contribution
        for mechanisation of plant and for introducing new techniques
 for
        specialist construction.
 
 1993 - The Company has entered thediagnostics market with the world 
        famous TECHNICON line of automated Chemistry and Haemotology
        systems.
 
      - The Chemicals Division was formed on 1st January taking over 
        the indenting business of the Inorganic Chemicals, Pigments
 and 
        Ceramics and Organic Chemicals Business Groups of Bayer AG,
        Haarmann & Reimer. 
 
 1994 - Effective 7th September, the name of the Company was changed
 from
        Cemindia Company Ltd. to Trafalgar House Construction India
 Ltd.
 
      - 4,80,000 Bonus shares issued in prop. 3:5 in March 1984. 
 
      - 12,80,160 bonus shares issued in prop. 1:1.
 
 1995 - The Company entered into a Collaboration Agreement with
 Trafalgar
        House Construction (Major Projects) Limited which would
 provide
        expertise for construction of highways, motorways, bridges,
 etc.
 
 1996 - The Company's working was affected by higher interest and 
        depreciation costs and increased operating costs on contracts
 due     
        to many clients deferring progressive payments due to their
 own
        liquidity crunch.
 
      - Kvaerner ASA acquired the whole of the share capital of
        Trafalgar House Plc. in April.  Kvaerner is an international 
        diversified business group registered in Norway with a London
 
        based international operational headquarter.
 
 1997 - The Company Right issue 20,48,256 equity shares of Rs. 10/-
 each
        at a premium of Rs. 190/- per share were offered for
 subscription
        by way of rights shares in January 1998.
 
      - The Company had technical collaboration agreements with 
        Kvaerner Cementation Foundations Limited, U.K. and Kvaerner
        Construction Limited, U.K.
 
      - The company has also bid for setting up a marine terminal at
        Dahej in Gujarat. 
 
      - Trafalgar House Construction is making a 4:5 rights issue of
        equity shares at a premium of Rs. 180-218.
 
      - The Indian subsidiary of global engineering and construction
        major Kvaerner, Trafalgar House Construction (THCI) will
 float
        a Rs. 40.96 crore rights issue at a premium of Rs 190 per
 share. 
 
 1998 - Cementation company was a subsidiary of Trafalgar House Plc,
 UK,
        later acquired in full by Kvaerner.
 
 1999 - KCIL is a subsidiary of the Norwegian engineering and
        construction major, Kvaerner ASA.
 
      - The Company is the first construction company to be
 accredited
        with ISO 9002 in India for construction of Port and Harbour
        Structures which demonstrates the capabilities and competence
 of
        the Company in marine projects.
 
 2000 - The Company has appointed Suni Shah Singh as its full-time
              managing director from 1st June to May 31, 2005.
 
            - Mr. M.G. Ranade resigned as Director effective from June
 1, but
              continues to hold the position of Secretary of the
 company.
 
            - Dr. S. Ram Iyer resigned as Managing Director effective
 from June
              1, but continues as Director on the board and holds the
 position
              of Deputy Chairman.
 
             - Investment Information and Credit Rating Agency has
 retained the
               highest safety rating of `A1+' assigned to the debt
 instruments of Kvaerner
               Cementation India Ltd.
 
 2001
 
 - Company has awarded the contract for 600-metre berth part of the Rs
 450-crore container terminal to Kvaerner Cementation (India) Ltd.
 
 -Mr. M G Ranade has retired as Company Secretary w.e.f. November 02,
 2001. 
 
 -Mr. K M Thatte has been appointed as Company Secretary w.e.f.
 November 02, 2001 and has been redesignated as Finance Director.
 
 2002
 
 --Mr Robert Anthony Wallace has been appointed as an Additional
 Director of the Company with effect from April 30, 2002. He has also
 been appointed as the Chairman of the Board with effect from May 01,
 2002
 
 2003
 
 -K E Clarke has resigned as Director of the Company w.e.f. August 31,
 2003.
 
 -Mr. Nasser Munjee has been appointed as an Additional Director of
 the company w.e.f. August 01, 2003.
 
 -Mr. Per Hofvander and Mr. Staffan Levin have been appointed as
 Additional Directors of the Company w.e.f. from April 30, 2004. Mr.
 Per Hofvander has also been appointed as a Chairman of the Board
 w.e.f. May 01, 2004.
 
 2005
 
 -Company has changed its name from Skanska Cementation India Ltd. to
 ITD Cementation India Limited                                        
      
                                              
 2007
 
 -ITD Cementation India Ltd on July 31, 2007, has appointed Mr. Deba
 Prasad Roy and Mrs. Parizad Pervez Mistry, as Additional Directors of
 the Company with immediate effect.
 
 -The company has issued rights in the ratio of 1:1 at a premium of
 Rs. 415/- Per Share.
 
 -Registered Office of the Company has been shifted From Apeejay
 House, Dinshaw Vachha Road, Mumbai 400 020 To 1st Floor, Dani Wooltex
 Compound, 158, Vidyanagari Marg, Kalina, Santacruz (East), Mumbai 400
 098.
 
 2009
 
 - Itd Cementation India Limited has appointed Mr. Adun Saraban as an
 Additional Director and Whole-time Director with effect from August
 12, 2009.
 
 2010
 
 -ITD Cem Joint Venture bags major Jaipur Metro Project from DMRC
 
 -Mr. Adun Saraban has been appointed as Managing Director of the
 Company 
 
 2011
 
 -ITD Cementation has recommended a dividend of Rs. 1.50 per share 
 
 2012
 
 -ITD Cementation has recommended a Dividend of Rs. 2.00 per share
 
 --Registered Office of the Company has been shifted from 1st Floor,
 Dani Wooltex Compound, 158 Vidyanagari Marg, Kalina, Santacruz
 (East), Mumbai-400098 to National Plastic Building, A-Subhash Road,
 Paranjape B Scheme, Vile Parle (East), Mumbai-400057
 
 2013
 - ITD Cementation Bags Orders Of Over Rs. 1,500 Crores In The First
 Quarter
 -ITD Cementation bags Order for Rs. 546 Crore from DMRC in its Joint
 Venture
 -ITD Cementation India Ltd has informed that the Board of Directors
 of the Company at its meeting held on February 28, 2013, inter alia,
 has recommended a dividend of Rs. 2.00 per share on 11,515,790 Equity
 Shares of Rs. 10/- each.
 
 2014
 -ITD Cementation India Ltd has informed that the Board of Directors
 of the Company at its meeting held on February 26, 2014, inter alia,
 has recommended of Rs. 1.00 per share on 11,515,790 Equity Shares of
 Rs. 10/- each.
 
 2015
 -ITD Cementation bags Rs 2,168 cr JNPT order from BMCT
 -ITD Cementation India has splits its face value from Rs. 10 to Rs.
 1
 
 
Source : Dion Global Solutions Limited
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