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HIL Ltd. Company History and Annual Growth Details

1946 - The Company was Incorporated at Hyderabad. The Company's objects
is to manufacture and sales of asbestos cement products and
accessories. The company's products are sold under the trade
name 'Charminar'.

- Only application and allotment moneys called-up. In O.S.

1964 - An agreement was signed with M/s. Johns Manville International
Corporation for technical assistance for the manufacture of
asbestos cement pressure pipe machines.

1966 - 8,26,455 Bonus shares of Rs.2.50 each issued in prop. 7:1.
Shares then consolidated.

1967 - The Company entered into a technical consultation arrangement
with The Cape Asbestos Company, Ltd. London, in respect of the
manufacture of Capsite asbestos moulded insulation articles.

1968 - In January, 2,36,130 bonus shares issued in prop. 1:1.
2,36,130 right shares were then issued at par in prop. 1:2.

1969 - 3,54,195 right equity shares issued at par in prop. 1:2. In
September. 35,000 9.5% pref. shares offered to the public.

1971 - In April 1971, 3,54,195 right equity shares were issued at par in
prop. 1:3.

1974 - The company entered into a collaboration agreement with Societa
Italiana Per L'Amiants, S.P.A. Italy, for the manufacture of
asbestos products viz., asbestos textile, asbestos cloth,
asbestos rubber jointing sheets and asbestos mill board.

1978 - The Company supplied, plant and machinery, technical know-how and
engineering and management services for asbestos cement sheets
and pipes project in Um-Al-Quwain (UAE).

1980 - The Company supplied plant and machinery, technical know-how etc.
to Banchi State Government of the Federal Republic of Nigeria for
their asbestos cement sheets and pipes project. The Company
participated to the extent of 1.05 million Naira in the equity
capital of the Nigerian company.

- The Company was allotted 60,000 redeemable preference shares of
Nepalese Rs.100 each by the Nepal Metal Company Ltd., a joint
venture company incorporated in Nepal in consideration of
prospecting work done in the past year and expenses incurred by
the company in Nepal. Subsequently, the Nepal company increased
its equity capital, due to escalation in project costs, and
further in 1983 due to similar reasons. The company's investment
in this joint venture stands revised at Nepalese Rs.112.80 lakhs
from Nepalese Rs.45 lakhs. This is in keeping with the
requirement to hold 25% of the equity capital.

- 35,000 pref. shares redeemed during the year.

1982 - The Company applied for a licence to set up a 9 lakh tonnes
cement plant in Madhya Pradesh in two stages. The Company
undertook to set up a gypsum board project in Haryana by
promoting a new company with foreign collaborator BPB Industries
Plc. London U.K. in the name of Gypsum, Ltd. a Jid in Haryana.
The plant was commissioned in October 1987.

1983 - The Company issued non-convertible debentures for Rs.7.00 crores
to meet the working capital requirements.

- The Company's land and building at Hyderabad (Andhra Pradesh) and
Ballabgarh (Haryana) were revalued as at 31st December. The net
surplus of Rs.9,54,81,240 arising out of this was credited to
revaluation reserve.

1985 - The name of the company was changed from Hyderabad Asbestos
Cement Products, Ltd. to Hyderabad Industries, Ltd. with effect
from 11th November.

1986 - A letter of Intent was obtained for the manufacture of bag
packing machines and systems. The Company also proposed to take
up the manufacture of power drive pumps of all types, centrifugal
etc. It was also proposed to enter into the field of consultancy
and contracting in relating to various industrial projects.
Applications were also made for industrial licences for the
manufacture of (i) fibre reinforced calcium silicate boards;
(ii) captive jig washeries, (iii) extractions, handling and
sampling equipment and systems for ore and minerals including
coal and (iv) styrene tubacliene rubbers by promoting a new

- In May, the company supplied plant and machinery and technical
assistance to Malabar Building products Ltd., promoted by Kerala
Industrial Development Corporation Ltd. and also participated to
the extent of Rs.43.69 lakhs in the equity capital of the

1987 - The company was forced to declare a lock-out at its Ballabgarh
unit from 14th October to 21st March, 1988 due to labour unrest.

1988 - 28,33,560 bonus equity shares issued in prop. 1:1 (Allotment of
1,32,832 shares pending).

1989 - The Company signed a Memorandum of Understanding with M/s.
Machinoimport of USSR for technical know-how and assistance for
the manufacture of extraction, handling and sampling equipment
and systems for ore and minerals including coal.

- The balance 1,32,832 bonus shares were allotted.

1990 - Production declined due to inadequate availability of raw
asbestos and depressed market for asbestos cement pressure pipes.

1991 - The agreement with Umm-Al Quwain Asbestos Cement Industries,
UAE, was extended for a period of 1 year from January. The
company has been renewing its agreements with Nigerian Asbestos
Industries Ltd. since the expiry of initial technical agreement.

- With effect from 1st April, the heavy engineering division
including steel foundry of Hindustan Motors, Ltd. at Uttarpara,
West Bengal was transferred to the company. In terms of the
Scheme of Arrangement sanctioned by High Courts at Calcutta and
Hyderabad, 1,75,000 No. of equity shares of the company of Rs.10
each at a prem. of Rs.50 per share were allotted to Hindustan
Motors, Ltd.

1992 - The Company was planning to put up a Cement Gruinding Unit with
a capacity of 60,000 tonnes per annum at Jasidhi, Bihar.

- During July, the company issued 12,46,766 -15% secured
redeemable partly convertible debentures of Rs.160 each on rights
basis in the prop. of 11 debentures 50 No. of equity shares held.
Allotment of 506 debentures was kept in abeyance.

- 13,05,511 No. of equity shares allotted on conversion of debs.
1,75,000 No. of equity shares issued to Hindustan Motors, Ltd. as
per the scheme of Arrangement (prem. Rs.50 per share).

1993 - The Company entered into a technical collaboration with Mogensen
Technology AB, Sweden to manufacture special screens, sizers and

- Another 62,338 - 15% partly convertible debentures of Rs.160 each
were offered to the employees. Only 16,465 debentures were taken
up. Out of the remaining 42,786 debentures were allotted to
Financial Institutions till 31st March.

- Part 'A' of Rs.60 of each debenture was to be converted into one
equity share of Rs.10 each at a prem. of Rs.50 per share on the
expiry of six months from the date of allotment of debentures.

- Part 'B' of Rs.100 of each debenture will be redeemed at par in
three annual instalments of Rs.33, Rs.33 and Rs.31, respectively
on the expiry of 8th, 9th and 10th year from the date of
allotment of debentures.

1994 - As a step towards diversification into new range of building
products, the company entered into a technical collaboration
agreement with Building Technologies Australia Pty. Ltd.
Australia to manufacture pre-fabricated building panels.

- Another technical collaboration agreement was entered with Peiner
Hebe-Und Transport systeme, Germany for manufacture of Tower

- The Company has entered into a technical collaboration with
Mogensen Technology AB, Sweden to manufacture Special Screens,
Sizers and Feeders.

1995 - The Company was in the process of setting up a project for
production of Autoclaved Aerated Concrete blocks at Chennai,

- The Company entered into a technical collaboration agreement with
M/s. Nippon Gasket Company Ltd., Japan for manufacture of
jointings of international quality to meet OEM requirement.

- The Company was awarded Certificate of Merit by Chemicals and
Allied Products Export Promotion Council for outstanding export

1996 - The performance of Heavy Engineering division was affected
adversely due to the sluggishness in the core sector industrial
activity and also due to delays in the finalisation of orders
from mining and infrastructure projects.

- The Company proposed to set up a plant at Vijayawada, Andhra
Pradesh for production of fibre cement sheets and accessories.
The project was expected to be operative in the first quarter of

1997 - Hyderabad Industries Limited (HIL), launched aerocon panels,
termed as an economic alternative to brick, wood and hollow

1998 - The company entered into a marketing alliance with the $ 1
billion Wilson art International of the US to offer Eurostone
decorative surfacing material in the country.

1999 - The company has entered into agreements with thermal power
stations in the country for procuring a substantial quantity of
fly-ash regularly as the consumption of the plant would be around
90000 tonnes per annum.

2000 - The Company has entered into a technical collaboration with
Geomeccanica of Italy, a CMV group company for the manufacture of
Hydraulic Piling Rigs in India.


-Appoints Mr. O.P.Jagetiya as a Director and Managing Director (MD) of the Company for a period of 3 years

-Shares delisted from Hyderabad Stock Exchange and Calcutta Stock Exchange.


-Hyderabad Industries Ltd has appointed Shri.R.S.Garg as Company Secretary and entrusted the responsibility and functions of the Compliance Officer with effect from 31st January, 2007.


- Hyderabad Industries Ltd has informed BSE that the Board of Directors of the Company at its meeting held on January 27, 2009, inter alia, has appointed Mr. Yash Paul, as an Additional Director of the Company to hold office up to the date of the next Annual General Meeting. Mr. Yash Paul is also nominated, as Member, on Audit Committee, Remuneration Committee and Investors Relation Committee of the Board.
Oct 28, 2:15 pm
Oct 28, 2:24 pm
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