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History of GMR Industries Ltd.

GMR was originally incorporated on June 30th, 1986 in the name & style of Sree Sarada Ferro Alloys Ltd., to set up a plant for manufacture of Ferro Chrome at an installed capacity of 6,000 TPA at Ravivalasa Village, Tekkali Mandal in Srikakulam District of Andhra Pradesh. The name of Comp. was subsequently changed to GMR Vasavi Industries Ltd & a fresh Certificate of Incorporation was obtained on 1st February 1994.

As the project couldn't be implemented by original promoters viz., Sri P V Lakshmana Rao, Sri K Srinivas Rao & associates, the present Directors comprising Shri G Mallikarjuna Rao & Shri S Suryanarayana Murthy had taken over the management in 1989 & implemented the said project.

GMR existing Ferro Alloys operations registered a capacity utilisation of 71.12% in 1990-91 which subsequently increased to 89.73% in 1991-92 & around 88.20% in 1992-93. The Comp. enhanced the manufacturing capacity from 6,000 TPA to 10926 TPA during 1993-94 nd achieved a capacity utilisation of 63.83% during 1993-94. The capacity utilisation has been lower due to shut down of Plant for a period of about 2 months on Acc. on implementation of expansion project & time taken for stabilisation of production.

2000 - The Comp. has entered into tripartite agreement with NSDL & CDSL & Karvy Consultants limited [R&T agentss] to make the equity shares of Comp. available for dematerialisation.

2001 - The Board has resolved to hive-off the brewery division to GMR Beverage Industries Ltd., Hyderabad, a group company, which is going to be a 100 per cent subsidiary of the company.

2002-V Balasubramanian appointed as Comp. Secretary of GMR Technologies.

2003 - GMR Technologies and Industries Ltd has informed BSE about the following changes in the composition of Board of Directors of company: 1. Mr K V K Seshavataram has been elected as the Chairman of Board of Directors of Comp. 2. Mr O Bangaru Raju has resigned form the Board of Directors of Comp. & the Board has accepted his resignation wef December 30, 2002.

2005

-GMR Industries picks up Best Performer Award

2007

-GMR Industries Ltd has appointed Dr. V Raghunathan as the Managing Director of Company, with effect from January 25, 2007.