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Stone India Ltd.

BSE: 522085 | NSE: | Series: NA | ISIN: INE290C01015 | SECTOR: Electric Equipment

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Sep 10, 15:40
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Stone India is not traded on BSE in the last 30 days

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Stone India is not listed on NSE
Company History - Stone India
YEAR                       EVENTS
 1931 - The Company was incorporated on 15th January, as a Private
        Limited Company and was converted into a Public Limited
 company
        on 25th October, 1972.
 
      - The main objective of the Company is to manufacture sale and
        Service of train lighting equipment and related equipments
        including dynamos, switchgear and alternators, pantograph for
        electric locomotives and electrical multiple units,
 superheater
        element for locomotive boilers, ball and joints, return bends
 and
        brake regulating equipment for railway rolling stocks,
 fractional
        horsepower motors, complete air conditioning/ refirgeration
        equipment for railways and buses, control panels, stators,
 rotors
        and traction Motors.  The Company also manufactures certain
        classified equipment for the government of India.
 
      - The Company took over as a going concern the business of
 selling
        agencies or braches of the then J. Stone & Co., Ltd.  (a
 company
        incorporoated in the U.K.), carried on at Calcutta, Chennai,
        Mumbai and other places in India and Ceylon.  It also
 established
        a workshop in Calcutta to undertake the manufacture of
 various
        items of train lighting equipment, such as kent couplers,
        junction boxes, light fittings and carriage fans.
 
 1972 - Prior to November entire capital of Rs.53,57,000 was held by
        Stona-Platt Overseas, Ltd. London.  In November, 3,57,130
 shares
        issued at par through a prospectus.  Of these, 17,856 shares
        reserved for subscription for cash by the Indian directors
 and
        employees of the Company.  3,39,274 shares offered to the
 public.
 
 1976 - The name of the company was changed from Stone & Co. (India)
 Ltd.
        to Stone-platt Electrical (India) Ltd.  During the year it
 was
        again changed to Stone India Ltd. during 1986-87.
 
 1983 - The Company implemented the Railway's orders for freight
        airbrakes.
 
 1984 - 5,95,220 bonus shares issued in prop. 2:3.
 
 1986 - The Company developed a range of loco value systems for
 Indian
        Railways.
 
 1987 - However, these profits declined due to the upward revision of
 the
        administered prices of steel and non-ferrous metals, strike
 in
        the Central Government Public Sector undertakings in West
 Bengal
        and low prices for many products.
 
 1988 - A solar powered system for navigational buoys using the
 latest
        photo sensing lanterns, charge controllers and maintenance
 free
        batteries was developed and launched.
 
      - 9,92,033 bonus equity shares issued in prop. 2:3.
 
 1991 - The company achieved allround improvement in its opertions,
        despite the adverse effect of various factors like increase
 in
        costs and interest rates, cutback in the expenditures by some
 
        important customers and severe competition.
 
      - The Company is a subsidiary of Stone Platt Overseas Ltd. U.K.
 and
        is an important member of Stone-Platt Group which made
 available
        to the company technical assistance for the manufacture of
 train
        lighting and air-conditioning equipment.  The company renewed
 its
        technical collaboration agreement with Svenska Aktiebolagest
        Bromstregulator for the manufacture of break regulatings
        equipment for railway rolling, stock.  The Company also has a
        technical collaboration agreement with L. Faively of France
 for
        the manufacture of Pantographs for electric locos and
 electric
        multiples unit coaches.
 
 
      - The Company had indigenously developed a design for AC
 instrument
        cooling fan.  The Company had finalised a technical
 collaboration
        agreement with Goldstar, Republic of Korea, for transfer of
        technology of instrument cooling fans.
 
      - 9,92,000 rights shares issued at par in prop. 2:5.
 
 1992 - The Company issue 9,92,000 No. of Equity Shares Rs.10 each of
        Rights basis in the ratio of two new Equity Shares for every
 five
        existing Equity Shares held in the Company.
 
 1993 - The Company has entered into a Technical Collaboration with
 SAB
        WABCO, Netherlands for manufacture of C3W Distributor Valve
 in
        cast iron version for Railway Rolling Stock Brake System.
 
 1995 - The Company has entered into technical arrangement with Avon
        Polymer Products Ltd., U.K. to implement the Rubber Component
        manufacturing Project at Thane.
 
 1996 - During the year under review Doon-Valley Investment and
 Finance
        Company Ltd. ceased to be a subsidiary of the Company.
 
 1997 - The company has been engaged in the manufacture of high
        technology electrical and mechanical engineering equipment
 for
        the Railway's and Defence at its factories located at
 Taratalla,
        Calcutta, and at Thane, Mumbai.
 
      - The company came out with a public issue of 24,40,600 - 16
        percent secured redeemable partly convertible debentures of
        Rs. 50 each aggregating Rs. 12.20 crore
 
 1999 - The Company has set up a rubber manufacturing plant, Skylark
        Rubber Products, at Thane in Maharashtra.
 
      - Stone India proposes to launch more new products in the
 current
        year in areas of railway braking systems, air-conditioning
 and
        secondary components for the defence sector.
 
 2000 - The GP Goenka-controlled Stone India Ltd will be spun off into
 a
        new joint venture with a German arm of the US-based railway
        equipment supplier Westinghouse Air Brake Co. Ltd, or Wabco.
 
      - Westinghouse Air Brake Technologies Corporation Inc., USA has
        agreed to form with the company a joint venture in India for
 the
        railway products business.
 
 2003
 
 -IDBI chalks out rejig package for Stone India
 
 2007
 
 - Stone India Ltd has informed that the Company has received an
 initial development order for supply of 5 sets of 180 KVA Static
 converter for Locomotive application to Indian Railways.
 
 2008
 
 - The Company has received the order for End of Train Telemeter
 (EOTT) device from Konkan Railway Corporation Ltd.
 
 2010
 
 - The Company receives Order for Toilet System.
 
 2011
 
 - The Company has entered into an exclusive co-operation with NRT Co.
 of Korea to undertake Platform Screen Projects for Metros.
 
 - The Company has executed a Memorandum of Understanding with Voith
 Turbo Scharfenberg GmbH & Co, KG, Germany for Indian Railways Coupler
 business.
 
 - The Company has recently executed a Memorandum of Understanding
 with MELECS MWW GmbH & Co. KG, Austria for manufacturing and supply
 of light weight pantograph for Metro Coaches in India.
 
 2012
 -Stone India receives TDDP grant of Rs. 2.88 Cr for Bio-Toilet system
 
 
 2013
 -Stone India appoints Shrivardhan Goenka as Non-Executive Director
 with effect from August 14, 2013.
 -Stone India receives LOA from DMRC for PSD
 
 2014
 -Stone India receives major Bio-toilet order for ENBIOLET
 -Stone India enters Escalator & Elevator Business
 -Stone India receives first export order from China
 -Stone India receives order for Computerised Brake System
 -Stone India bags Rs 83 cr order from DMRC
 
 2015
 -Stone India Ltd has Escalator business by bagging an order of
 supply, installation and commissioning of 2 nos Escalators valuing
 Rs.115 lakns from East Coast Railway
 -Stone India bags Rs 939.6 lac order from Western Railway
 -Stone India Ltd has signed an Agreement with Shenyang Brilliant
 Elevator Group Co., Ltd., China, for forming a Joint Venture