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આઈએજી કંપની > કંપનીનો ઈતિહાસ > Glass & Glass Products > કંપનીનો ઈતિહાસ ના આઈએજી કંપની - બીએસઈ: 502241, ઍનઍસઈ : INDOASAHI

આઈએજી કંપની

બીએસઈ: 502241  |  ઍનઍસઈ : INDOASAHI  |  ISIN: INE831D01014  |  Glass & Glass Products

કંપનીનો ઈતિહાસ - આઈએજી કંપની
YEAR                      EVENTS
 The Company was incorporated on 11th August 1956 at Calcutta, and
 Commenced business from 1st October.  It was promoted by Asahi Glass
 Co. Ltd., Tokyo Japan in order to revive a sick unit viz., Sodepore
 Glass works Ltd., which went into liquidation. The Industrial Finance
 Corporation of India who had considerable Investment in Sodepore Glass
 Works Ltd., as mortgage, took possession of their assets. 
 
 The manufacturing operations were therefore suspended for about four
 years before the Company took over the Sick unit. Under the technical
 guidance of Asahi Glass Co. Ltd., Japan, the Company started
 manufacturing Sheet Glass.
 
 The main objective of the Company is to manufacture sheet glass,
 including thinner grades ranging from 1:1 mm thickness, substantially
 required by the Defence and Civil Health Services, Ophthalmic Lenses
 and desiliconised Zircon products.
 
 1966 - Till now all shares held by Asahi Glass Co. Ltd., Japan and
 its 
        nominees.  Out of the total shares issued 3,50,000 shares
 issued
        for consideration other than cash.
 
 1978 - The company undertook to set up a 100% Export Oriented
 Ophthalmic
        lens project at Sodepore, W. Bengal in collaboration with
 Asahi
        Glass Co., Ltd., Japan and Hanno Optical Glass Co., Ltd.,
 Japan
        for manufacture of spherical lens.
 
      - As per agreement, the lens were to be exported under the
 trade
        name `Nikon'.
 
 1979 - Again during July-August, Ashai Glass Co. Ltd., Japan,
 offered
        for sale at par another 4,80,000 shares of the Company to
 Indian
        residents which brought down the non-resident holding to 40%.
 
 1985 - The company's proposal for withdrawal from 100% EOU scheme
 was
        accepted by the Government in principle.  Various options
 were
        under consideration regarding the utilisation of the said
 sick
        unit.
 
 1986 - The sheet glass plant was modernised.  Further the product
 mix
        was improved to include figured and rolled glasses.
 
 1987 - The Company's plant No. 11, established for the manufacture
 of
        glass for processing industries, commenced production in
 October.
        The product range of the company was widened with the
        introduction of figured glass of low fragility and exquisite 
        designs from 2 mm onwards in thickness.
 
 1988 - 16,00,000 right equity shares issued (prop. 1:1: Prem. Rs. 20
 per
        share).  Another 19,700 shares issued to employees under
 Stock
        Option Scheme (prem. Rs. 20 per share).
 
 1989 - During May, fourcault-cum-Asahi furnace (Plant-I) was
        reconstructed and the installed capacity was increased to 10
        million sq. mtrs.
 
 1991 - The company along with Asahi Glass Co., Ltd., Japan promoted
        Float Glass India, Ltd., for manufacture and sale of float
 glass
        manufactured by float process.  The project has been set up
 at
        Taloja, Maharashtra.
 
      - 32,19,700 bonus equity shares issued in prop. 1:1.
 
 1992 - The working results were adversely affected mainly due to
        political disturbances, rise in the prices of basic inputs
 and
        competition.
 
 1994 - Production remained suspended due to shift in demand in
 export
        market.  SIA, EOU section, Government of India, accorded its
        agreement in principle to the company's proposal for
 withdrawal
        from 100% EOU scheme.
 
      - In order to meet increased demand for the products, the
 company
        proposed to expand production capacity of figured glass
        substantially.  Necessary financial arrangements were under
        consideration for implementation of the glass project.
 
 1995 - The company undertook the modernisation and technology
        upgradation plans for complete re-orientation of its
 production
        pattern.
 
 1996 - During July, the 100% Export Oriented ophthalmic lens plant
 at
        Sodepore was closed.
 
 2008
 
 -IAG Company has designated E-mail ID for Investors Complaints: 
 iagcompanylimited.complaints@gmail.com
 
 2013
 - IAG Company begins commercial production from furnace no. 2 at
 Bhurkunda.
 -The Company has changed its name from IAG Company Ltd. to IAG Glass
 Company Ltd.                                                       
                                                            
 
 
સ્તોત્ર: રેલીગેર ટેકનોવા


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