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Indsil Hydro Power and Manganese Ltd. Company History and Annual Growth Details

Insil Electrosmelts Ltd was incorporated as a Public Limited Company under the Companies Act, 1956, on 30th August 1990. The Certificate of Commencement of bvusiness was issued on 7th November 1990 by the Registrar of Companies, TamilNadu at Coimbatore. The immediate object of the company is setting up of a Unit for the manufacture of Ferro Silicon with an installed capacity of 7,800 MT p.a. at Pallatheri, Elappally Village, Palghat Dist., Kerala. The plant will also be able to produce other ferro alloys, based on which the installed capacity will vary.

Subsidiary Company:

The company does not have any subsidiaries

Promoter:

Indsil has been promoted by Shri S N Varadarajan

2005

-Indsil Electrosmelts has recommended a dividend of 7.5%

2006

-Indsil Electrosmelts has recently built and commissioned a steel melt shop, within its existing facilities, in order to produce mild steel ingots.

-Indsil Electrosmelts has recommended a dividend of 10% on the equity shares of the Company.

2007

-Indsil Electrosmelts has recommended a dividend @ 15%

2008

-Indsil Electrosmelt has signed a Joint venture Agreement with the GoodEarth group of Companies based at Nagpur to jointly operate an already acquired manganese ore mine in Indonesia.

--Company name has been changed from Indsil Electrosmelts Ltd to Indsil Hydro Power and Manganese Ltd

2009

-Indsil Hydro Power has recommended a Dividend @ 10%

2010

-Indsil Hydro Power and Manganese has given the Bonus in the Ratio of 2:3

2011

-Indsil Hydro Power have recommended a dividend of 10%

2012

-Indsil Hydro Power have recommended a dividend of 10%

2013

-Board has recommended a dividend of 5%.

-Indsil Hydro Power has been formation of Indsil hydro global (FZE) & Indsil Energy Global (FZE).

2014

-Board has recommended a dividend of 12% for the year 2014.

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