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History of Rathi India Ltd.

The Comp. established in 1972 under the name Rathi Gases Limited changed to its present name in 1986. It produces oxygen gas, nitrogen gas, dissolved Acetylene & Argan gas. Since the Company main products are Oxygen & Nitrogen, they can't be exported. The Comp. doesn't require any imported raw material except same occassional spares.

The expansion-cum-modernisation scheme taken-up at a capital outlay of Rs.1.85 crore is almost over barring some equipment to be received & installed . The equipment already installed were commissioned in the month of March 1991.

The Comp. came into public on 1986 with an issue of 9,00,000 Equity Shares of Rs.10 each on rights basis in the ratio of 4:1.

During 1987-89 the Authorised Capital of Rs.2 crores was reclassified by cancellation of 2500 preference shares of Rs.100 each of creation of 25,000 Equity Shares of Rs.10 each. At present the Authorised Capital consists of 20,000 equity shares of Rs.10 each. Industrial Finance Corporation of India [IFCIs] has sanctioned to the Comp. equipment credit assistance aggregating of Rs.1.63 crores.