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બાઈમેટલ બેરીંગસ > કંપનીનો ઈતિહાસ > Bearings > કંપનીનો ઈતિહાસ ના બાઈમેટલ બેરીંગસ - બીએસઈ: 505681, ઍનઍસઈ : BIMETAL

બાઈમેટલ બેરીંગસ

બીએસઈ: 505681  |  ઍનઍસઈ : BIMETAL  |  ISIN: INE469A01019  |  Bearings

કંપનીનો ઈતિહાસ - બાઈમેટલ બેરીંગસ
YEAR                                                        EVENTS
 1961 - The Company was incorporated as a Pvt. Ltd. Co. on 19th April,
 
        1961 it was converted into a Public Limited Company, on 5th
        September.  It was promoted by India Pistons Ltd. with the
        financial and technical collaboration of Clevite Corporation,
        U.S.A. and financial collaboration of Repco, Ltd., Australia.
        The Company is a member of the Amalgamations Group.
 
      - The Company manufacture of shell back bearings, bushings and
        thrust washers.  The Company markets its products to both the
        original equipment manufacturers and the replacement market.
 
 1969 - On 31st July, Clevite Corporation, U.S.A. merged with Gould
 Inc.
        U.S.A. and hence the shares held by Clevite in the Company
 were
        transferred to Gould.
 
      - The Company entered into a technical aid agreement for
 technical
        know-how with Clevite Corporation, U.S.A.  When Clevite
        Corporation merged with Gould Inc. U.S.A., Gould became
        successors to Clevite.  This agreement expired on 31st
 December,
        1973.
 
 1974 - 3,50,000 Bonus shares issued in prop. 7:10.
 
 1975 - The Co. entered into a patent and technical service agreement
        with Gould Inc., U.S.A.  This agreement was valid for 5 year
 from
        1-1-1974.  The Company was permitted to manufacture such
 items
        after the expiry of collaboration without any additional
        payments.
 
 1978 - In Jan. 4,25,000 shares offered to public (prem. Rs 10 per
        share).
 
 1981 - 6,37,500 Bonus equity shares issued in prop. 1:2.
 
 1983 - However its working was adversely affected due to labour
 unrest
        during November 83 to Feb. 84.
 
      - The Company signed an export contract with Auto Exports of
        U.S.S.R., for the supply of thin walled engine bearings.
 
      - The second phase of expansion at the bearings plants at house
        was implemented and commercial production commenced in June
 1985. 
 
 1987 - On 27th April, the Company privately placed with UTI, LIC, GIC
 
        and its subsidiaries, 2,25,000-15% redeemable non-convertible
        debentures of Rs 100 each.
 
 1989 - 19,12,500 Bonus equity shares issued in prop. 1:1.
 
 1991 - The Company partially developed infrastructure facilities for
        manufacture of heavy and large diameter bearings to cater to
 the
        requirements of railways.
 
      - The Company revalued its plant and machinery as at 31st
 March,
        and the net surplus of Rs 871.53 lakhs arising out of this
 was
        credited to capital reserves.
 
 1996 - The operations in the first four months of the year were
 affected
        by labour problems faced at the Hosur plant, restricting the
        company from taking full advantage of the favourable market
        conditions.
 
 1997 - Sales declined to Rs.52.02 crores due to accentuated trend of
        demand contraction in the Automobile Industry.
 
 1998 - The Company's performance was adversely affected due to
 strong
        pressure on price on the components industry.
 
 2000 - The Company has signed agreement with CDSL and NSDL for
 dematerialisation.
 
 2006
 
 -Bimetal Bearings Ltd has appointed Mr N P Mani as Whole-time
 Director
 
 2009
 
 - Bimetal Bearings Ltd has informed that the Board of Directors of
 the Company at its meeting held on March 30, 2009, inter alia, has
 appointed the following Additional Directors:
 
 1. Mr. S Krishnan
 
 2. Mr. Krishna Srinivasan.
 
 2010
 
 - Bimetal Bearings Ltd has appointed Mr. R. Vijayaraghavan as
 Additional Director and he would be holding the position of an
 Independent and Non-Executive Director in the Company.
 
 -The Company has recommended a dividend of Rs. 8/- per share.
 
 2011
 
 -The Company has recommended a dividend of Rs. 8/- per share and Rs.
 3/- per share towards Special Dividend for the 50th year.
 
 -The Company has re-appointed Mr. N. P. Mani as Whole-time Director
 of the Company.
 
 2012
 
 -Mr. S. Narayanan had been appointed as Whole-time Director of the
 Company.
 
 -The Company has recommended a dividend of Rs. 11/- per Share.
 
 2013
 
 -The company has recommended a dividend of Rs. 9/- per share.
 
 2014
 
 -The company has recommended a dividend of Rs. 7/- per share.
 
 -The company appointed Mrs. Sandhya Sekhar as an additional Director
 of the company under the Independent category.
 
 
 
 
 
 
 
સ્તોત્ર: રેલીગેર ટેકનોવા


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