1960 - The Company was incorporated on 3rd October at Mumbai. The main
objective of the company is to manufacture oxygen and acetylene.
- 76,500 shares issued to Promoters, etc. 73,500 shares offered
for public subscription.
1962 - Equity shares were fully called-up.
1969 - 1,110 No. of Equity shares forfeited for non-payment of calls.
1972 - Raptakos, Brett & Co. Ltd., became a subsidiary of the Company
with effect from 25th January.
1976 - The Company entered into a technical collaboration agreement with
General Electrodes & Equipment Ltd., who were the partners of
M/s. Griesheim GmbH, the well-known firm of West Germany in gas
industry, for the production and supply of industrial gases in
Maharashtra and other parts of India.
1978 - The Company entered into a fresh long-term agreement with
Mahindra Ugine Steel Co. Ltd., to meet their additional
requirements of oxygen and nitrogen gas.
- The Company purchased land in the Pimpri Bhosari Industrial Area
from Maharashtra Industrial Development Corporation in order to
implement its expansion at Pune.
1979 - The Company was appointed as distributors of argon gas for the
Maharashtra State by Gujarat State Fertilisers Co. Ltd.
- 1,110 forfeited shares reissued at par.
1980 - The Company entered into a long-term agreement with Polychem
Ltd., for the supply of oxygen and nitrogen gases through
pipeline to their vinyl acetage monomer factory at village
Nimbut, Pune district.
- Union Carbide Corporation, U.S.A., appointed the Company as their
indenting agents for speciality gases and related products.
1981 - The Company finalised another long-term agreement to supply
oxygen and nitrogen gases through pipeline to Special Steels
Ltd., at Tarapur.
1984 - Labour trouble resulting in the closure of the Kalwe Unit of
Mukand Iron & Steel Works Ltd., affected the working of the
Company's Kalwe factory.
1989 - As on 31st March, the company is holding 99.70% of the equity and
100% in preference capital of the routine preference capital of
their subsidiary Raptakos, Brett & Co. Ltd.
- As at 31st March, the company revalued its land at Mulund,
factory buildings at various sites and cylinders and the
resultant surplus was credited to revaluation reserve account.