Kanoria Chemicals and Industries

YEAR                       EVENTS
 1960 - The company was incorporated on 17th December, with the main
        object of Manufacturing heavy chemicals and commenced business
 on
        27th March, 1961.  The main objective of the company is to
        manufacture caustic soda, chlorine, chlorine products and
 other
        chemicals, jute goods, cloth and yarn.
 
      - The technical collaboration with Krebs & Co. Ltd, Zurich,
        Switzerland, a plant was set up in 1964 to manufacture
 caustic
        soda at Renukoot in U.P. with an installed capacity of 16,500
        tonnes per annum.
 
 1961 - Allotted 3,00,000 No. of equity shares to promoters, etc. and
        50,000 No. of equity shares to LIC.  20,000 pref. and
 4,50,000
        No. of equity shares offered at par to public.
 
 1963 - In Feb. 1964, 15,000 pref. and 50,000 No. of equity shares
         offeres to the public.  Arrears: 71,990.
 
 1968 - 50,000 No. of equity shares issued at par. Arrears: Rs. 250.
 
 1969 - The company in collaboration with Fredriech Ltd. GmbH of
        Dartmund, West Germany, set up a plant to produce 5,000 tonnes
 of
        stable bleaching powder.  The capacity of the plant was
 increased
        to 10,000 tonnes in 1976 and to 15,000 tonnes in 1980.
 
      - The company commenced manufacture of benzene hexa chloride
 (BHC)
        technical in collaboration with M/s. Kurcha Chemicals and M/s.
 C.   
        Hon & Co. Ltd., both of Japan.  The capacity was increased to 
 
        6,000 tonnes per annum in 1974 to 12,000 tonnes in 1978 and
 to
        16,000 tonnes subsequently.
 
 1972 - The company also acquired a salt works in Gujarat.
 
      - Rate of dividend on 19,990 pref. shares increased from 9.5% to
 
        9.8%  and the redumption date extended.
 
 1977 - 8,95,500 bonus equity shares issued in prop. 1:1.
 
 1981 - The Company issued in November, 13.5% redeemable secured
        non-convertible debentures of Rs. 100 each of the aggregate
 value
        of Rs. 200 lakhs.  The rate of interest was subsequently
        increased to 15% per annum.  These debentures will be
 redeemed
        on 9th January.
 
      - 8,95,000 bonus equity shares issued in prop. 1:1.
 
 1982 - As a measure of diversification, the Company had set up a new
        plant for the manufacture of pentaerythirtol/pure and
 nitration
        grades required for the manufacture of explosives and
 technical
        grade for the manufacture of paints, resins and other
        miscellaneous purposes with an installed capacity of 1,200
 tonnes
        per annum and its by product sodium formate 660 tonnes per
 annum
        at GIDC Industrial Area, Ankleshwar in Gujarat.  This plant
 was
        commissioned on 27th June, 1983.
 
      - Anil Synthetics Ltd., has a composite textile mill in the
 heart
        of Ahmedabad at Rakhial Road with 25,000 spindles and 438
 looms. 
        The management of Anil Synthetics Ltd., was taken over by the
        Company with effect from 1st March.  3,100 No. of equity
 shares
        of Rs. 10 each of the company were allotted to the members of
        Anil Synthetics Ltd.
 
      - The major items of the fixed assets of Renukoot Chemical
 Works
        division were revalued as on 30th June.  The net surplus
 arising
        out of this revaluation was credited to capital reserves.
 
      - Land and buildings of the Ludlow Jute Mills division were
        revalued as on 31st March, and the net surplus of arising out
 of
        this revaluation was credited to capital reserves.
 
 1983 - With effect from 1st October, the Company entered into a
        manufacturing arrangement with Kanoria Synthetics Ltd.,
 whereby
        the Company would undertake the manufacture of yarn at their
        mills known as Jawala Textile Mills at Gurgaon (Haryana). 
 The
        manufacturing arrangement was terminated with effect from 1st
 
        June, 1985.
 
      - All preference shares redeemed on 28th March 1984.
 
 1985 - A substantial improvement in the working of Textile Division
 was
        expected with the installation of 24 Air jet looms and other
        balancing equipments.
 
      - The Company acquired the assets of the Indian branch of Ludlow
 
        Jute Co. Ltd., U.S.A. including Ludlow Jute Mills at Chengail
 in
        Howrah district of West Bengal.  The mill manufactures jute
 yarn,
        webbing, hessian,  sacking, cotton bagging and soil saver.  By
 a
        scheme of arrangement, the assets and liabilities of the
 Ludlow
        Jute mills were transferred to Aekta Ltd., subsidiary of the
        Company with effect from 1st July.
 
      - Renukoot Power Co. Ltd., was amalgamated with the Company with
 
        effect from 1st July.
 
      - Vidun Dealers Ltd., is a subsidiary of Aekta Ltd.
 
 1986 - The company entered into a Technical Agreement with BTL
        Speciality Resins Corporation of U.S.A. for the manufacture
 of
        6,000 tonnes per annum of formaldehyde at Ankleshwar,
 Gujarat.
        chemicals division was delayed as a change of collaboration
 was
        necessitated.
 
 1987 - The lower production was attributed to chemicals division
 shut
        down, for expansion of the plant to a capacity of 3,000
 tonnes
        per annum and for introduction of the membrane technology for
 the
        manufacture of pentaerythritol.
 
 1988 - An Acetaldehyde chemical division was set up at Ankleshwar.
 
 1989 - Production was lower due to initial problems with the new
        membrane technology.
 
      - The Company set up a Chemical division to manufacture
        Formaldehyde in technical collaboration with Perstrop AB of
        Sweden.  The plant was commissioned in April 1990.  An
 agreement
        was entered into by the company with the Pradeshiya
 Industrial
        and Investment Corporation of U.P. Ltd. (PICUP), for the
 setting
        up of a polypropylene plant at U.P.
 
      - Kanoria Alkalis and Plastics Ltd., Chlorotex Ltd., Pipri
 Ltd.,
        and Aekta Ltd., are all wholly owned subsidiaries of the
 Company. 
        Kanoria Polymers Ltd., became a subsidiary of Kanoria
 Alkalies
        and Plastics Ltd.  The name of Kanoria Alkalies and Plastics
        Ltd., was changed to Kanoria Petroproducts Ltd., effective
 from
        19th January.  Kanoria Petroproducts Ltd., made a public issue
 on
        10th May.  After the allotment of shares to the public on
 26th
        June, Kanoria Petroproducts and Kanoria Polymers ceased to be
        subsidiaries of the Company.
 
      - 13,44,800 Bonus equity shares issued in prop. 1:2 in June.
 
 1990 - Production of pentaerythritol and sodium formate improved
        considerably to 2,900 tonnes and 1,923 tonnes respectively.
 
 1991 - To further improve the quality of yarn and augment exports,
 two
        more autoconers were to be imported and installed.
 
      - The Lindane plant set up at Renukoot with a capacity fo 412
 TPA
        all efforts were made to overcome teething troubles.  Also, a
 new
        plant to manufacture 1500 TPA of Hexamine set up at
 Ankleshwar,
        was commissioned.
 
      - During Feb./March 1992 the company offered 40,34,000 rights
        equity shares (prem. Rs. 10; Prop. 1:1).  Another 2,01,800
 shares
        (prem. Rs. 10) offered to employees on equitable basis (only
        1,52,200 shares taken up).  Unsubscribed 49,600 shares allowed
 to
        lapse.
 
 1993 - Chemicals division was being strengthgened through backward
 and
        forward integration by adding new product lines.  A modern
        distillery with a capacit of 15 million litres per annum with
        provision for sale of carbon-dio-oxide and use of methane gas
 in
        boiler was commissioned in March 1994.
 
      - The project for doubling the capacity of lindane plant to 660
 TPA
        was in full swing and it was expected to be commissioned by
        September 1994.
 
 
 
 1995
 -The Calcutta based Kanoria Chemicals & Industries Ltd. (KCIL) of the
 SS Kanoria Group becomes  member of the Centre Internationale D'Etudes
 Du Lindane
 
 
 1999
 --KANORIA Chemicals & Industries Ltd (KCI) has engaged Anderson
 Consulting Pvt Ltd for undertaking a strategic cost reduction
 exercise. 
 
 
 2000 - The company has introduced two new products as part of its
 plans to 
               improve its margins in the current fiscal.
 
 
 2004
 
 -Kanoria Chemicals & Industries hikes capacity of Formaldehyde
 production facility by 50%
 
 -Kanoria Chemicals & Industries announced commissioning of a new poly
 aluminium chloride plant at its integrated chlor-alkali manufacturing
 unit at Renukoot, Uttar Pradesh
 
 2005
 
 -Delist Equity Shares from The Calcutta Stock Exchange Association
 Ltd (CSE) w.e.f. March 30, 2005.
 
 -Ankleshwar Division awarded Teri Corporate Environmental Award
 2003-04 by The Energy & Resources Institute
 
 2007
 
 -Kanoria Chemicals & Industries Ltd has appointed Shri J.P. Sonthalia
 as a Director of the Company with effect from 1st February, 2007 and
 designated as Managing Director (Designate) - Chloro Chemicals.
 
 -The Company has issued Bonus Shares in the Ratio of 1:2.
 
 - The Company has splits its face value from Rs10/- to Rs5/-.
 
 2009
 
 - Kanoria Chemicals & Industries Ltd has appointed Shri. Amitav
 Kothari as Director of the Company with effect from May 05, 2009.
 
 
 2010
 
 - Commissioned a Greenfield project in Vishakhapatnam in the state of
 Andhra Pradesh for manufacturing Formaldehyde and Hexamine.
 
 
 2011
 
 - Directors of the Company has declared Dividend @ 30% (Rs. 1.50p) on
 per Equity Share of Rs. 5.
 
 - Commissioned 2.5 MW solar power project at Jodhpur district in
 Rajasthan, out of total plant capacity of 5 MW.
 
 2012
 -KCI to acquire Switzerland based APAG Group.
 
 2013
 -Kanoria Chemicals signs MoU with Momentive Specialty Chemicals Inc.
 
 2014
 -Kanoria Chemicals & Industries Ltd has  recommended Dividend @ 30%
 (Rs. 1.50) per Equity Share of Rs. 5/- .