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History of Lanco Industries Ltd.

Lanco industries was incorporated in the year 1991. It has two main products - pig iron & slag cement.

Commercial production at the pig iron plant in Tirupathi started in Sept. 1994. Capacity utilisation is 95.4% of rated capacity for 1996-97.

The company captive power plant was commissioned in Feb 1995. For the year 1996-97, the Comp. produced 24.8 MW internally which was 88% of its total consumption.

The Comp. has a downstream 70,000 TPA Slag cement plant, 50% of input coming from the pig iron plant. Commercial production started in April 1996. Capacity utilisation is 47.39% of rated capacity for 1996-97.

The Comp. raised Rs. 454.73 lacs through a Rights issue of 1:5 during the year 1995-96 for its expansion/diversification into cement production.

2001 - The Comp. has signed an agreement with CDSL, NSDL & Aarthi Consultants Pvt. Ltd., Hyderabad, for dematerialisation.

2002-Lanco Industries Ltd has informed that Shri L Madhusudhan Rao the present Managing Director has resigned from the position of MD of Comp. & the Board has accepted the resignatio & also appointed Sri Gowri Shankar Tekriwal as Managing Director subject to the approval of shareholders & financial institutions.

2004

-Lanco signs MoU for Chhattisgarh project with UK firm