Hemadri Cements Ltd. कंपनी का इतिहास और वार्षिक वृद्धि विवरण

YEAR EVENTS
The company was incorporated on 20th August 1981 at Hyderabad.The company was promoted by S.N. Kilaru, K.V.S. Varma, Mohan Rao, Rajeshwara Rao and their associates along with Andhra Pradesh Industrial Development Corporation Limited (APIDC). The main objects of the company is to manufacture Cement.

1984 - 8,00,000 shares taken up by promoters, directors, etc. (including
22,544 shares to NRIs on repatriation basis) and 4,20,000 shares
allotted to APIDC.

1985 - 15,80,000 shares issued at par out of which the following shares
were offered on a preferential basis: 6,32,000 shares to NRIs
with repatriation rights, 79,000 shares to employees, etc., of
the Company and 31,600 shares to business associates. The
balance 8,37,400 shares were offered to the public in February.

1986 - To improve production, a secondary firing system in the
pre-heater was installed. Some diesel generating sets were also
installed to meet the power shortage.

1987 - A letter of intent was received for expanding the capacity of the
cement plant from 300 tonnes per day to 600 tonnes per day.

1990 - IDBI approved expansion of the capacity only from 300 tonnes per
day to 500 tonnes per day of clinker.

- Two diesel generating sets of 1000 KVA were installed and
commissioned in June 1992 with the financial assistance from
IDBI.

- The Company proposed to expand the cement grinding capacity to
600 tonnes per day by installing one more cement mill. A new
cement mill was installed and commissioned in June 1993, with
financial assistance from IDBI. Plans were also in hand for the
generation of power for captive use by setting up 3 MW Thermal
Power Station based on agro waste at the factory instead of
mini-hydro power project as envisaged earlier.

1992 - 9,80,000 No. of Equity shares allotted on private placement
basis.

1994 - 18,90,000 No. of Equity shares issued on rights basis in prop.
1:2.

1996 - The Company had entered into an agreement with The Associated
Cements Companies Ltd. (ACC) to sell company's cement as
consignment agent in the state of Andhra Pradesh, Karnataka,
Tamil Nadu and Kerala.

Disclaimer: This is 3rd Party content/feed, viewers are requested to use their discretion and conduct proper diligence before investing, GoodReturns does not take any liability on the genuineness and correctness of the information in this article