ગુજરાત રીફ્રેકટરીઝ લીમીટેડ
બીએસઈ: 515053 | ઍનઍસઈ : N.A | ISIN: | Cement - Products & Building Materials
કંપનીનો ઈતિહાસ - ગુજરાત રીફ્રેકટરીઝ લીમીટેડ | |
YEAR EVENTS 1985 - The company was incorporated as a Public Ltd. Co., on 11th December at Ahmedabad and obtained the certificate of commencement of Business on 24th December. It was promoted by Shri R.K. Gandhi and Shri M.R. Gandhi. - The main objective of the company is to manufacture high alumina refractories, insulating bricks, mortars, ramming mass, etc. 1986 - 5,08,470 shares were allotted to promoters, directors, their friends, relatives and their associates. 1989 - In the 2nd phase of its development, the company was setting up production facilities for the manufacture of insulating and magnesite refractories with an annual capacity of 8,000 tonnes and 4,000 tonnes respectively. Additional land admeasuring 9.19 acres was taken on lease at the existing plant site of 4.5 acres. A 62 KVA generator was installed to meet contingency power requirements. - 13,91,530 shares were issued of which 1,51,530 shares were reserved and allotted to promoters, directors, their friends etc. (including 1,50,000 shares to non-resident Indians on repatriation basis. Unsubscribed portion, if any, being taken up by Indian promoters). - Out of the remaining 12,40,000 shares, the following were offered on a preferential basis: - (i) 4,00,000 shares to NRIs on repatriation basis (all were taken up) and - (ii) 72,800 shares to employees, Indian working directors and workers of the Company (none were taken up). - The balance 7,67,200 shares along with unsubscribed 72,800 shares of the employees quota were offered for public subscription during May. Additional 1,73,000 shares were allotted (15,300 shares to NRIs and 1,58,000 shares to public) to retain oversubscription. 1990 - With a view to rationalising the existing manufacturing facilities, the company laid emphasis on the procurement of raw materials at a competitive rate, updating laboratory instruments and strengthening quality control. Also effective steps were taken to optimise production and run the Alumina plant at its installed capacity. 1991 - The company issued 8,29,320 No. of equity shares at par on rights basis to the shareholders of the company in the proportion of 2:5. Additional 57,788 No. of equity shares were allotted to retain oversubscription. 1992 - The company's turnover continued to improve the overall working again resulted in a loss due to hike in various input costs and by virtue of higher provision made for depreciation etc. 1993 - Overall increase in expenditure and labour strike for 52 days, i.e., from 1st July to 21st August. 1994 - The company decided to stop production from 1st April, 1995 onwards due to high cost of production and mounting losses. 1995 - The company was trying to explore alternatives so as to come out of serious situation. Considering the competitive market, the Company decided to discontinue production from 1st April. |
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સ્તોત્ર: રેલીગેર ટેકનોવા | |
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