1978 - The Company was Incorporated on 21st June, and the Certificate of
Commencement of Business was obtained on 11th September.
- It was promoted by K. Radhakrishnaiah and Sikakollu Subba Rao.
Andhra Pradesh Industrial Development Corporation Ltd. (APIDC)
also participated in the equity capital of the company to the
extent of 15% of the original issue.
- Someswara Consultants Pvt. Ltd. Hyderabad were appointed as
technical consultants for the company's cement project.
- The Company undertook to set up a plant for the manufacture of
66,000 tonnes per annum of ordinary portland cement installing
latest rotary kiln with four stage suspension preheater dry
process technology and other auxiliary equipment. The site for
the project was located at village Ramapuram in Koda Taluk in the
Nalgonda District of Andhra Pradesh. The Company obtained a
mining lease for limestone over an extent of 100 acres, etc. in
Rampur village and adequate arrangements were made to meet the
requirements of water and power.
1985 - 8,85,000 shares taken up by promoters, directors etc. 4,35,000
shares allotted to APIDC. 15,80,000 shares offered at par to the
public in March 1986 out of which only 1,15,600 shares taken up.
The balance 14,64,400 shares devolved on the underwriters (IDBI
7,12,674 shares, IFCI - 3,70,982 shares and ICICI - 3,80,744
1987 - The Company procured a diesel generating set of 1,380 KVA
- Company name has been changed from Ckoramaandel Cements Ltd to Bheema Cements Ltd.
-The Company has issued Bonus Shares in the Ratio of 7:4.