Ambuja Cement Rajasthan Ltd..

Indian Stock Market

Find Company           Company List

Company Profile Balance Sheet Profit & Loss Half-Yearly Results Director's Report Accounting Policy Notes to Accounts
Schedules Financial Ratios Yearly High-Lows Company History Capital Structure Board of Directors Share Holding Pattern Key Executives

History of Ambuja Cement Rajasthan Ltd..

YEAR EVENTS 1992 - DLF Cement Ltd was incorporated under the name & style of DLF Cements Ltd on 12th May, & obtained the Certificate for Commencement of Business on 29th May.

- The name of Comp. was subsequently changed to DLF Cement Ltd & a fresh Certificate of incorporation was obtained on 17th October.

1995 - The company plant is being set up in the state of Rajasthan i.e. in the northern part of the country which is a deficit zone due to excessive demand supply gap.

- The Comp. has 1.5 lac share holders & around 65,000 debenture holders.

1996 - The Comp. is all set to launch the product in the market under the brand name 'DLF Premium Cement'.

- The installed annual capacity in the north zone is approximately 17.77 Million Tonnes & the production capacity utilisation is 83%.

- The Comp. has started the unique facility, perhaps for first time in the country, of on-the-spot transfer of shares/debentures at Delhi Office.

1997 - The Comp. has launched both 43 Grade & 53 Grade cement & has opened depots & offices all over the targeted market areas.

- India is the fourth largest producer of cement in the world, after China, Japan & U.S.A. The total installed capacity of large plants in India is around 96.69 million tonnes. The installed capacity in northern zone is approximately 17.77 million tonnes & the production capacity utilization is around 83%.

- Shri Rajiv Singh & Shri T. C. Goyal, retire by rotation, from the Board of Directors at the ensuing Annual General Meeting & they have offered themselves for re-appointment.

1998 - The cash flow of Comp. has been adversely affected due to low margins, higher cost of production, higher distribution charges & also due to high financial charges.

- 1,09,01,920 debentures under option III were converted into 3,81,56,720 equity shares of Rs. 10/- each on 5th June, 1998. Consequent to the above, the Equity Share Capital of the Comp. stands increased from Rs.128,48,41,070 to Rs. 166,64,08,270.

1999 - Gujarat Ambuja Cements limited [GACLs] has agreed to join the existing management for revival of Company. GACL is a leading cement Comp. in the country.

- As on 29th September, the Comp. has converted 107.90 lac Multi Optional Convertible Debentures of Rs. 35/- each alongwith interest of Rs. 1.13 lacs accrued thereon as of 31st March, into 284.46 lac equity shares of Rs. 10/- each at a price of Rs. 13.28 per share.

- The Comp. has allotted equity shares of aggregate face value of Rs. 35.20 crores to the Financial Institutions in the month of December.

2000 - The Comp. proposes to make a preferential allotment of 500 lakh equity shares of Rs 10 each on private placement basis to Gujarat Ambuja Cement.

- Crisil has upgraded the rating of Comp. Rs 14.01 crore multi-option convertible debenture issue, from the default grade [`D's] to adequate safety level, A+.

- Mr. N.P. Ghuwalewala, a Director nomination by GACL was appointed as Managing Director, in place of Mr. A.S. Minocha, who resigned as Managing Director of Comp. on 3rd March.

- The name of Comp. has been changed from DLF Cement limited to its present name i.e. Ambuja Cement Rajasthan Limited with effect from 6th April.

- The Comp. has launched the cement under the brand 'Ambuja Cement' from April.

- Mr. S.K. Neotia was appointed as the Chairman of Comp. during the period.

2001

- Gujarat Ambuja Cement Ltd has acquired 3,10,00,000 No. of equity shares of Rs 10 each for cash at par allotted to it on 22nd December.

-Referred to Board for Industrial & Financial Reconstruction [BIFRs]

2002

-Diminishes its cost leadership due to acquisition.

-Board approves the merger of Ambuja Cement Rajasthan Ltd into Gujarat Ambuja Cements Ltd.,[GACs] subject to necessary approvals.











Home | Services | Market News | General News | Bookmark Us| Rss Feeds | Blog | Archive | Currency Converter | Site Map | About Us | Contact Us
 Mutual Funds Forthcoming IPO'sStock Market Glossary 
Comp. Profile | Bal. Sheet | P&L | Half-Yearly Results | Notes to Accounts | Financial Ratios | Yearly High-Lows | History | Capital Structure | Board of Directors | Share Holding Pattern | Key Executives
 
Disclaimer: Trading and investing in commodities & stocks is high risk activity. Any action you choose to take or make in the stock market is totally your own responsibility. Source2update.com Resources
   will not be liable for any, indirect or direct, incidental or consequential damages or loss arising out of the use of this information.Add Url
Disclosure: The information at this website is neither an offer to sell nor solicitation to buy any of the securities mentioned in here. The writers may be or may not be trading on the Link To Us
   securities mentioned. Advertise With Us
  Copyright 2009 source2update.com All rights reservedDisclaimerGadgets