WPIL Ltd.

YEAR                      EVENTS
 1952 - The company was incorporated on 6th February, at Calcutta,
 under
        the name and style of Johnson Pumps India Ltd.  The main
        objective of the company is to manufacture vertical pumps,
        horizontal pumps, grey iron castings and sluice valves.
 
      - 31,800 shares held by Mecnell & Magor Ltd., 20,000 shares
 by Pump
        Investment Inc., USA and 29,000 shares by resident Indian Cos.
 
 1980 - The land and buildings at Panihati and Ghaziabad were
 revalued.
 
      - Clivia Investments Ltd., is a wholly owned subsidiary of the
        Company.
 
 1983 - The name was changed to Worthington pumps India Ltd. on 29th
        January.  
 
 1984 - The company entered into a licence agreement with Worthington
        Pump Inc., New Jersey, U.S.A for the manufacture of solid
        handling pumps, stock pump and horizontal spilt casing 
        centrifugal pumps. 
 
      - The company entered into another technical collaboration 
        agreement with Hyward Tyler Ltd., England (HTL) for the
        manufacture of vertical submersible pumps made by the company.
 
      - Equity shares subdivided.  During February 1985, 8,92,000 No.
 of
        equity shares of Rs. 10 each issued at par.  Of these,
 2,20,800
        No. of equity shares reserved for firm allotment to Pump
        Investment Inc., USA, 1,02,800 No. of equity shares for
 Macneil &
        Magor Ltd. Calcutta.  The balance 5,68,400 No. of equity
 shares 
        issued to the public.
 
 1985 - Despite an increase in sales and income, profits declined due
 to
        steep rise in cost of inputs and interest burden for on-going
        capital projects.
 
      - The company manufactured large size submersible motors as per
        Hayward Tyler design.  Pump sets with special features for
        dewatering of mines were under execution to serve import 
        substitution.
 
      - The Company achieved a breakthrough in S.E. Asia, Brazil and
        North America, with the support of Worthington International,
        USA.
 
 1986 - Considerable additions were made to the range of horizontal
 and
        submersible pumps.  During the year, the company executed an
        order for the US market.
 
 1987 - Operations at the Company's main plant at Panihati in West
 Bengal
        was affected by lock-out from 3rd November.
 
      - Steps were taken for manufacture of precision components for
        pumps.
 
 1988 - The lock-out was subsequently lifted after a bi-partite
 agreement
        signed by the union and management on 18th April.
 
      - 700 forfeited shares reissued.  12,75,000 rights shares then
        allotted at par in prop. 3:4.  Another 63,750 No. of equity
        shares issued to the employees but only 310 shares taken up. 
 The
        balance 63,440 shares allowed to lapse.
 
 1989 - Backlog of orders accumulated at Panihati which was under
        lock-out was reduced and current orders were executed with
 better
        margins.  Order book position was good.  An order for 90 CW
        pumps was received for Talchar Super Thermal Power Station.
 
 1991 - The performance would have been still better but for the
 set-back
        due to the Ghaziabad unit of the company remaining under
 lockout
        from 7th November.
 
      - The Company proposed to upgrade the manufacturing facilities
 to
        cater to the requirement of process pumps and also to improve
        efficiency, productivity and quality assurance.
 
 1992 - During the year the company executed an order for 5 nos. of 90
        vertical turbine pumps for National Thermal Power Project at
        Farakka.
 
      - The Company initiated a process of gradual upgradation of its
        manufacturing facilities and strengthened the production
        facilities for horizontal pumps.
 
      - 9,91,770 Rights equity shares allotted for cash at par in
        proportion 1:3.
 
 1993 - During the year Company supplied two more 92 siz vertical
        turbine pump to NTPC's Taleher Super Thermal Power Project.
 
 1994 - The Company undertook a expansion and modernisation plan at
        Ghaziabad foundry with the objective of producing pump
 castings
        and components of international quality and of larger single
        piece weight castings.
 
 1995 - During the year under review the Company obtained its ISO 9001
        Certification from TUV CERT Germany being the first Pump
 Company
        in the Eastern Region to have received ISO Certification.
 
 1996 - The name of the company was changed to WPIL Limited with
 effect
        from 17th September.
 
 1997 - The company has been awarded the Certificate of Export
 Excellence
        during the year in recognition of its continued good export
        performance.
 
      - The Company has commenced its first phase of
        expansion/modernisation in Panihati Plant to augment
 production
        capacity for medium and large size pumps.
 
      - Pump manufacturer WPIL Ltd, formerly Worthington Pump India
        Ltd, has entered into a technical agreement with Riva Hydro of
        Italy for manufacturing concrete volute casing pumps in the
        country.
 
      - WPIL has also signed a memorandum of understanding (MoU) with 
        EMC of Germany for submersible pumps
 
 1998 - Having achieved ISO-9001 certification for both the Panihati
        and Ghaziabad plants.
 
 1999 - Ghaziabad Plant has received re-certification of ISO 9001 in
 the
        month of March.
 
 2000 - The company has proposed to allot 20,00,000 No. of equity
 shares
        at Rs. 10 per share to Dufflaghur Investments Ltd and
 20,00,000
        No. of equity shares at Rs. 10 per share to Natex Investment
 &
        Marketing Ltd. by way of preferential allotment basis.
 
 2001
 
 -17 sets 36 size inclined pumps with drives and accessories to
 Department of Irrigation, Ministry of Agriculture and forestry,
 Government of Lao pdr for 4 irrigation pumping stations in Vientiane
 province against the largest single order
 
 -Supplied vertical turbine pumps for bechtel - hunter valley project
 and Melbourne port in Australia
 
 2002
 
 -Supplied stainless steel vertical mixed flow pump of 1200 m3/hr
 capacity and horizontal split case pumps of 2325 m3/hr capacity from
 Indah Kiat paper mill, Indonesia the largest paper mill in Asia.
 
 -Supplied 3 nos 1530 m3/hr capacity vertical turbine pump with 375 kw
 motor for water supply and 3 nos diesel engine driven axial flow pumps
 of 2750 m3/hr capacity for flood control in Samarinda, East
 Kalimantan, Indonesia.
 
 2003
 
 -Supplied 6 numbers vertical mixed flow pumps of 0.87 m3/sec capacity
 to royal irrigation department – Thailand (PAK PA NUNG MC1) through
 hydro engineering
 
 -Supplied high head vertical turbine pumps in Fiji through sykes –
 Australia.
 
 -Supplied complete ni-al-bronze vertical turbine pumps for fire
 fighting applications to Elough Engineering – Australia (through
 peerless Australia). 
 
 2004
 
 -Executing some prestigious contracts for vertical turbine pumps of
 Alstom – France in special stainless steel construction like duplex
 stainless steel. 
 
 -Special design vertical turbine pumps of Alstom – France in special
 stainless steel construction like duplex stainless steel.
 
 2005
 
 -Supply of high head Vertical Turbine Pump to McFlo Technologies,
 Malaysia a/c MELACCA DURAIN TUNGGAL PROJECT – 2 nos of 1581 m3/hr @
 83 mtr
 
 -Several Vertical Turbine & Submersible (in SS316 & Duplex
 Stainless Steel) pumps and Large End Suctions Pumps in Netherlands
 (Through IPG & Roodhart)
 
 -Supplied Super Duplex Stainless Steel Pumps to Oman
 
 2006
 
 -Supplied 2 nos L36M pumps (7200 m3/hr per pump) in Electricity
 Generating Authority of Thailand (Through Hydro Engineering –
 Bangkok)
 
 -First major supply in Saudi Arabia – 6 nos 2 stage 42 inch and 2 nos
 14 inch size Vertical Pumps (5 of which are in Duplex Stainless Steel)
 to Jubail Chemical Industries – Saudi Arabia
 
 -Supplied VT Pumps in Chile & Argentina – First time to Latin
 America
 
 2007
 
 -Vertical Mixed Flow and Horizontal Split Case Pumps to Kaduna Water
 Board through OSAKA STEELS LIMITED - NIGERIA
 
 2008
 
 -Supply of Duplex Stainless Steel Vertical Pumps (42 inch & 18
 inch size – 4000 m3/hr & 1000 m3/hr capacity) and Horizontal
 Split Case Pumps (4000 m3/hr & 200 m3/hr capacity) to Chemanol –
 Jubail, Saudi Arabia
 
 -Supply of 10 sets (5 each of 2000 m3/hr & 3000 m3/hr capacity)
 Horizontal Split Case Pumps to TCI Sanmar - Egypt
 
 -Order for 4 nos of 7600 m3/hr & 1 no of 2952 m3/hr capacity
 Vertical Mixed Flow Pumps in Duplex Stainless Steel MOC from TURKEY
 for Dry Dock
 
 -Order for 4 nos of 1250 m3/hr capacity Vertical Mixed Flow Pumps in
 Stainless Steel MOC from Cement Plant in Lebanon (Sea Water Intake
 Pump)
 
 2009
 
 -WPIL Ltd has recommended Dividend @ Rs 1 Per Shares
 
 2010
 
 -WPIL Ltd has recommended Dividend @ Rs. 2 Per Shares
 
 2011
 
 -WPIL Limited starts operation in Thailend as WPIL (Thailand Co.
 Ltd.) 
 
 -WPIL Limited acquires majority stake in Sterling Pumps Pty Ltd,
 Australia 
 
 -WPIL Limited acquires Mathers Foundry Limited , UK 
 
 2012
 
 -WPIL Limited acquires APE Pumps and Mather+Platt , South Africa
 
 2013
 
 - Board has recommended a Dividend @ Re. 2/- per Share.
 - WPIL Ltd has acquired 100 per cent stake in Thane based pump
 manufacturer Mody Industries Pvt Ltd
 
 2014
 
 - Board has recommended a Dividend of Rs. 2/- per Share on 79,67,080
 Equity Shares.
 
 2017
 -WPIL has approved the proposal for acquisition of an Alloy and
 Stainless Steel Castings Foundry in Nagpur.