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- An agreement was also entered into with Henry J. Kaiser Company for
such design, engineering procurement and related services with regard
to the construction of the plant at Rihand as were to be performed
outside India and with Kaiser Engineers Overseas Corporation for such
services to be rendered in India.
1960
1964
- The Properzi mill plant was set up for the production of redraw
rods with a rated capacity of 6,000 tonnes per annum.
1965
1967
1968
- Two more extrusion presses and a few additional facilities in
rolling mill were erected by the end of the year to get higher
production.
1972
1976
- By the middle of the year the total installed capacity of the metal
rose to 95,000 tonnes per annum.
1977
- The Company revalued its plant and machinery as on 1st January, and
the surplus of Rs 61,71,60,821 arising out of it was transferred to
capital reserves.
1981
1982
1984
- The Company issued secured non-convertible debentures for a sum of
Rs 17.50 crores for augmenting the resources for long-term working
capitalrequirements.
1985
1986
- The Company was also engaged in modernising its smelter with a view
of effect substantial savings in energy consumption. With regard to
the fabrication facilities, the Company had in hand a licence to
expand the capacity from 37,000 tonnes to 55,700 tonnes per annum.
- The Company holds the entire issued capital of 35,006 equity shares
of Rs 10 each of its subsidiary, Minerals and Minerals Ltd., Calcutta.
During the year the two companies named Siddhpeeth Commercial Pvt.
Ltd., and Dhakshinanchal Commercial Pvt. Ltd., became subsidiaries of
the Company. Marigold Holdings & Trading Ltd., and Dhakshinanchal
Finance Ltd., were also subsidiaries of the Company.
1987
1989
- The sixty pot line was commissioned, with the addition of 70 pot
cells, thereby increasing the installed aluminium production capacity
to 1.35 lakh tonnes per annum. Installation of a new cold rolling was
taken up to enhance the capacity of rolled products by 40,000 tonnes
per annum.
1991
1992
- Renusagar Power Co. Ltd., a wholly owned subsidiary of the Company,
was merged with the Company with effect from the close of business on
31st March. The Company was engaged in obtaining certification for
ISO 9000 and for introduction of TQM.
- The Company again revalued its assets as on 1st April, and the net
surplus of Rs 90623.37 lakhs arising out of this was credited to
revaluation reserve.
1993
- With a view to meet the demand of over seas markets, the company
proposed to instal own Ingot Casting machine. Also, alumina
production capacity was enhanced to 3,50,000 TPA reducing thereby the
company's dependence on external sources.
- The joint venture manages mutual fund schemes for Birla Mutual
Fund. Another joint venture, Rajashree Polyfil Ltd. was setting up an
integrated plant with a capacity of 66,000 TPA of polycondensation and
37,900 TPA of partially oriented polyester filament yarns project.
- On 22nd July, the Company issued 44,73,000 GDRs of U.S. .10 per
GDR equivalent to Rs 505 per unit (conversion rate of U.S. = Rs.
31.37). Each GDR comprises one equity share of the nominal value of
Rs 10 together with one-half of a warrant which can be converted into
one
equity share on exercise of two half warrant at the price of U.S.
.10 subject to adjustment) during the period from 3rd November,
1993 to 2nd November, 1995 (both days inclusive).
1994
1995
1996
1997.
1997
- A MOU was signed with Orissa Mining Corporation for transfer of two
bauxite deposits with adequate reserves. The project was to be named
`Aditya Aluminium'.
1998
1999
2000
- Crisil has reaffirmed the highest safety rating for the Rs.
100-crore non-convertible debenture programme of Hindalco Industries
and very strong safety for its Rs. 50 crores commercial paper
programme.
- The Company of the Aditya Birla Group has made a strategic move to
implant the legendary `prata' and allied management information
services systems at all operational locations of Indian Aluminium
Company Ltd.
- Hindalco Industries proposes to buy 10 per cent stake in Bihar
Caustic & Chemicals from Grasim Industries,
2002
2003
-Copper Business of Indo Gulf Corporation Ltd merged with the company
with effect from Feb 12, 2003, swap ratio fixed at 1:12 (1 share of
Hindalco for 12 shares of Indo Gulf Fertilisers held)
-Aditya Birla Group divests its Equity Stake in Mangalore Refinery &
Petrochemicals Ltd. (MRPL) to Oil & Natural Gas Corporation Ltd.
(ONGC)
2004
-Hindalco Industries Ltd. has informed that the Delhi Stock Exchange
Association Limited, New Delhi, has informed the Company that it has
delisted the Equity shares of the Company from its Stock Exchange
w.e.f. December 29, 2003 pursuant to the application made by the
Company to it for voluntary delisting of its Equity shares.
-Hindalco Industries Ltd. has informed that the Madras Stock Exchange
Limited has informed the Company that it has delisted the Equity
shares of the Company from its Stock Exchange wef January 07, 2004
pursuant to the application made by the Company to it for voluntary
delisting of its Equity shares.
2005
-Company has splits its Face value of Shares from Rs 10 to Re 1
2006
- Hindalco Industries Ltd has announced that on October 30, 2006 the
Company has entered into a Joint Venture partnership with ALMEX USA,
Inc., for the manufacture of High Strength Aluminium Alloys for
applications in the aerospace, sporting goods and surface transport
industries.
2007
2008
2009
2010
- Hindalco has entered into an agreement with Coal India Ltd (CIL)
for securing mine-specific coal supplies to the Renukoot facility of
Hindalco at 10 % premium over the agreed price.
2012
- Hindalco Industries, an integral part of the Aditya Birla Group
announced it is expecting to commence its 1.5 million tonnes per
annum (mtpa) alumina refinery by January 2013, located in Orissa.
- Moving against the trend of avoiding any capex plan by companies
amid global economic slowdown, Hindalco Industries has achieved
financial closure for Rs 9,896 crore debt for its greenfield smelter
project at Lapanga in Odisha in one of the largest syndication in
recent times.
2013
-Hindalco Industries Ltd. - Acquisition of Alumina Refinery and
Bauxite Mines from Novelis Do.