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Graphite India Ltd. Company History and Annual Growth Details

1974 - The company was incorporated on 2nd May, 1974 at Mumbai. It
manufactures graphite electrodes and anodes. The Company was
promoted by H L Financial Consultants & Management Services Pvt.
Ltd. (FICOM) and H L Investments Pvt. Ltd.

1977 - 4,70,000 shares taken up by promoters, directors, etc. and
2,50,000 shares allotted to Graphite India, Ltd. 10,80,000
shares offered to the public at par during Dec. 1976.

1983 - 25,000 Pref. shares issued Pref shares redeemable in instalments
during 4.6.1991/94.

1984 - 18,00,000 rights equity shares issued at par in prop. 1:1.

1988 - The Company entered into a technical-cum-financial collaboration
with Graphite India Ltd. This collaboration expired in January.

1990 - 25,000 Pref. shares issued. Pref. shares redeemable in
instalments during 4.6.1991/94.

1991 - Rs 25 of the face value of Rs 100 per pref. shares redeemed.

1993 - The name of the Company, was changed from Carbon Corporation Ltd.
to 'Carbon Everflow Ltd.'

1994 - During the year 550mm dia electrodes were launched and production
of 600mm dia was being pursued.

- Effective 1st January, Graphite Vicarb India Ltd. was amalgamated
with the Company as per approvals secured from the High Court of
Calcutta. In terms of the amalgamation, shareholders of GVIL
received one equity share of the Company for every 3 shares held
in GVIL. Accordingly 26,82,834 shares were allotted on 12th
June, 1995.

- Preference redeemed. 11,96,050 No. of equity shares allotted.

1995 - As a part of the ongoing expansion cum modernisation programme,
two modern energy efficient re-baking furnaces with technology
availed from Riedhammer GmbH & Co. KG. Germany were installed and
commissioned in March.

- 26,82,834 No. of equity shares allotted due to amalgamation.
14,39,860 shares allotted at a premium of Rs 20 per share on
conversion of warrants issued in May 1994.

1996 - Graphite electrode division successfully launched 600 MM dia UHP
electrodes during the year. Two more pitch impregnation systems
of improved version have been installed by the company.

- 25,66,350 No. of equity shares of Rs 10 each at a prem. of Rs 30
per share issued to shareholders on Rights basis.

1997 - 1998 - No News


-Exim Bank and IDBI sanction Rs 360 million to Carbon Everflow


-Carbon Everflow Board approves scheme of merger

-Board approves the draft scheme of amalgamation of Graphite India Ltd (GIL) and Carbon Investments Ltd with the Company


- Board approves, the Registered Office of the company has been shifted from the state of Maharashtra to the State of West Bengal. The address is as follows: 31, Chowringhee Road, Kolkata - 700 016.

-Graphite India Ltd. and Carbon Investment Ltd. amalgamated with the company. Graphite India Ltd stands dissolved without winding up w e f May 23, 2002. Name of the company changed from Carbon Everflow Ltd. to Graphite India Ltd.

-Bindal Leasing picks up a 5.60 per cent stake, General Trading and Panna Trading acquire 4.80 per cent and 5.07 per cent in the company


-No News


-Graphite India Limited has informed that at its meeting held on January 17, 2004 the BOD have appointed Mr. D J Balaji Rao as an additional director of the company. Also Life Insurance Corporation of India has appointed Mr. B B Das, Executive Director (Audit & Inspection), Mumbai as its nomine director in place of Mr. K B Krishnamoorthi.


-Graphite India Ltd has informed that ICRA Ltd has upgraded the rating of Non-Convertible Debenture Programme - Rs 50 crore to 'LAA' (pronounced L double A) which indicates high-credit quality from LAA- (pronounced L double A minus); and reaffirmed the rating of Commercial Paper / Stock-term Debt Programme - Rs 30 crore (at 'A+' (pronounced A one plus) which indicates highest-credit-quality.


- Graphite India Ltd has informed that the Board of Directors of the Company on June 30, 2009, has appointed Mr. J D Curravala as an additional director of the Company. Mr. J D Curravala is presently Managing Director of GKW Ltd.

Oct 21, 12:00 am
Oct 21, 4:14 pm
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