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History of Yokogawa India Ltd

YEAR EVENTS 1987 - The Comp. was incorporated on 14th April, under the name Yokogawa Keonics Limited & obtained the Certificate to Commence Business on 31st December.

- The Comp. was promoted jointly by Karnataka State Electronics Development Corporation [Keonicss], Yokogawa Electric Corporation, Japan & Blue Star Limited, India.

- The Comp. is engaged in the manufacture of Instrumentation and Process Control Systems. The business of Comp. can be divided broadly into three categories - Systems, Products and Services.

- The Comp. entered into a Technical Collaboration with co-promoter Yogogawa Electric Corporation, Japan [YECs] on 29th September, for a period of 8 y ears, which expired on 30th September 1995.

1993 - The name of Comp. was changed to Yokogawa Blue Star Ltd w.e.f 1st of January.

- The Comp. stepped up its drive for technology absorption, indigenisation, & technology adaptation.

1994 - The Comp. had set up a Software Technology Park Unit in the year.

1995 - The quality drive in the Comp. gained momentum during the year which gave encouraging results. The Directors are pleased to report that the Comp. obtained ISO 9001 Certification in June. 1996 - The Comp. has established new records of performance in terms of business growth in almost all sectors of its operations namely Systems, Products, Engineering Software & Exports.

- The Comp. has established a global presence in the international market for contracting & engineering business.

1997 - The Comp. commenced construction if a state-of-the-art software facility with direct communication links to USA and Japan.

- The Comp. has built up a very strong & dedicated work force of skilled engineers, professionals & managers who are vital for industry in which we operate.

- Yokogawa Blue Star is setting up a 100 per cent export unit at Software Technology Park [STPs], Keonics city.

- The Comp. has already entered into agreements with US-based Johnson Yokogawa for making headway into the US exports market.

- Yokogawa Blue Star [YBs], a 40:29 joint venture between Yokogawa Electric Corporation [YECs], Japan, & Blue Star, India, is one of leaders in the process control industry.

- Yokogawa Blue Star Ltd has come out with a rights issue of 43,75,000 equity shares of Rs.10 each at a premium of Rs.30, aggregating to Rs.17,50,00,000 in the ratio of one new equity share for every share held.

- YBSL has signed agreements with Yokogawa, Japan US based venture Johnson Yokogawa & Yokogawa Europe known as YKS.

- YBSL has set up a separate software division in Bangalore's Electronic Park where it plans to appoint 300 software engineers by year end.

1998 - Yokogawa Blue Star Ltd [YBLs] is all set to introduce enterprise technological solutions [ETSs]. ETS will be launched at the PowerGen exhibition to be held in Delhi in September this year.

- Bangalore-based Yokogawa-Bluestar Ltd [YBLs], a joint venture between Yokogawa Electric Corporation [YECs] of Japan & Bluestar Ltd, plans to make a foray into supplying simulators and providing training to operators & maintenance staff of power plants.

- Techcomm Simulation, with a paid-up capital of $3.3 millions, in collaboration with Yokogawa Bluestar Ltd would fill the gap in India as far as training of staff is concerned.

1999 - YBL has signed a memorandum of understanding [MoUs] with Yokogawa Singapore, to undertake advanced process control operations in refineries.

- The Comp. has also introduced terminal automation system at the Mathura refinery.

2000 - The Comp. joint venture between Blue Star & Yokogawa Electric of Japan, will float a separate arm for IT in order to represent the new economy.

2007 - Master Capital Services Limited has submitted a copy of public announcement issued by Yokogawa Electric Corporation, Japan, [the 'Acquirer's] in respect of proposed acquisition & delisting of equity shares of Yokogawa India Limited [the 'YIL/Company's] in accordance with the Securities & Exchange Board of India [Delisting of Securitiess] Guidelines 2003 [the 'Guidelines's].