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Sathavahana Ispat > Company History > Steel - Pig Iron > Company History of Sathavahana Ispat - BSE: 526093, NSE: SATHAISPAT
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Sathavahana Ispat

BSE: 526093|NSE: SATHAISPAT|ISIN: INE176C01016|SECTOR: Steel - Pig Iron
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Company History - Sathavahana Ispat
The Company was incorporated on 08/11/1989 as a public limited company
 under the name Sathavahana Ispat Limited and obtained the certificate
 of commencement of business from Registrar of Companies, Hyderabad,
 A.P. on 8th May, 1990.  The main objects of the Company are fully set
 out in the Memorandum of Association and also detailed elsewhere in
 the prospectus.  The immediate object of the Company is to
 manufacture 1,20,000 tonnes per annum of PIG IRON.
 
 SIL is promoted by Sri. A S Rao, a technocrat enterprenuer.
 
 2003
 
 -Shareholders have approved to  delist  company's equity shares from
 the Ahmedabad and Madras Stock Exchanges
 
 2004
 
 -Commissions non-recovery type metallurgical coke oven batteries with
 installed capacity of 1,50,000 MTPA at its existing site wef March 1,
 2004 for its captive requirements of metallurgical coke
 
 - Sathavahana Ispat delisted from Ahemedabad & Madras Stock Exchange
 
 2005
 
 -Sathavahana Ispat commences works on Green Field Project
 
 -Sathavahana Ispat has recommended a dividend of 12%
 
 2006
 
 -Sathavahana Ispat enters into Power Purchase Agreement with PTC
 India
 
 -Shri K Thanu pillai has been appointed as Chairman of the Board of
 Directors of the company.
 
 2007
 
 -Sathavahana Ispat has recommended a dividend of 10%
 
 2008
 
 -Sathavahana Ispat has recommended a dividend of 15%
 
 2009
 
 -Sathavahana Ispat recommended a dividend of Rs.1.50 per share
 
 2010
 
 -Sathavahana Ispat recommended a dividend of Rs.1.50 per share
 
 2011
 
 -Sathavahana Ispat recommended a dividend of Rs. 1.80 per Share
 (18%)
 
 2013
 -Company has re-commissioned Blast Furnace and resumed production of
 Pig Iron.
 
 
Source : Dion Global Solutions Limited
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