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].
