Bagalkot Udyog Ltd. कंपनी का इतिहास और वार्षिक वृद्धि विवरण

The Company manufactures Cement, Sugar and industrial gases. It was incorporated in 1948 at Bombay.

The Company entered into a technical agreement with Blue Circle
Industries plc., U.K. for comprehensive updating and
operational improvement of the cement plant effective from
1st July, 1985.

In order to diversify into the field of electronics, the company
entered into a joint sector agreement with Rajasthan State
Industrial Investment Corporation Ltd. (RIICO) to participate
in Rajasthan Communications Ltd., a company licensed to
manufacture HF/VHC/UHF radio communication equipments, paging
system and Rural Automatic Exchange (RAX).

Girnar Prathisthan Ltd. (GPL) was amalgamated with BagalKot
Udyog Ltd. (BUL) with effect from 1st July, 1986. Pursuant
to the scheme of Amalgamation, the equity shareholders of GPL
were allotted 227000 equity shares of Rs 10 each of BUL
without Payment in cash in the ratio of one equity share of
BUL for every two equity shares held in GPL.

Reliance Steels Ltd and Anand Holdings Ltd., are wholly owned
subsidiaries of the company. Nandit Investment Co.Ltd., and
Sanatan Investment Co.Ltd. which were subsidiaries of GPL
became subsidiaries of the company following the amalgamation
of GPL with the company.

In 1970-71, the name of the company was changed from Ragalkot
Cement Co.Ltd., to Bagalkot Udyog Ltd.

Effective from 29th May, 1989, the name of the Company was again
changed to Kanoria Industries Ltd.

2004

-Indian Oil Corporation permitted to initiate legal action against KIL

2005

-Company has changed its name from Kanoria Industries Ltd. to Bagalkot Udyog Ltd

2008

-Company has designated the following E-mail ID for Investors Complaints: [email protected]

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