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ITD Cementation India Ltd. Company History and Annual Growth Details

YEAR EVENTS 1978 - The company was incorporated on 24th June and the certificate of
commencement of Business was obtained on 6th November. It was
formed to take over the Indian branch of the Cementation Company
Limited, UK.

- The Company is engaged in civil engineering and carrying out
highly specialised contracts.

- It was in the 1920's that a series of dams near Mumbai were
constructed for Tata Hydro-Electric Power Supply Company.

- The dams were constructed with Surkhi lime mortar. After a
period of time, Leakages became evident in the dams. These
leakages resulted in the start of the operations of the
Cementation Company Ltd., UK in India in 1931.

1979 - With effect from 1st January the company took over the Indian
branch of the Cementation Company Ltd., UK through a scheme of
Amalgamation.

- Govt. approved arrangements for provision of technical know-how
and services to the Company by Cementation Mining Ltd. (CML),
Cementation Ground Engineering Ltd. and Cementation Pilling &
Foundation Ltd. for a period of 5 years on a royalty (subject to
tax) of 1.25% of the turnover in the specialised activities in
which such services are utilised. Accordingly, agreements were
signed in September 1981.

- The main object of the public issue of equity capital was to
reduce the non-resident holding in the Company to a level not
exceeding 51%.

1980 - Issued 51 shares to The Cementation Co., Ltd., U.K. (Cementation)
and 49 shares to seven resident Indian Nationals as signatories
to the Memorandum of Association. 8,00,000 shares issued at par
through a prospectus. 4,08,000 shares reserved and allotted on a
firm basis to Cementation without payment in cash. 25,000 shares
each reserved and allotted to UTI and GIC (including its 4
subsidiaries) and 40,000 shares reserved for allotment to
employees, Indian directors and business associates of the
Company. 3,02,000 shares offered for public subscription during
December 1979.

1986 - The Company signed a technical collaboration agreement with a
U.K. company for the technique of replacement of underground
pipelines without open excavation. A MOU had also been signed
with an European company for technical support in specialised
drilling.

- Kvaerner Cementation Foundation Ltd., U.K. and Kvaerner
Construction Ltd., U.K. are technical collaborators for the
Company. The Govt. of India approved renewal of the existing
collaboration agreement with these two companies for a further
period of 5 years to September 2001.

1987 - The R&D wing of the Company developed a light rig for using heavy
drilling equipment for scaffolding and the equipment was
successfully put to use.

1989 - The contracts for providing small diameter crossings under
roadways and railways for services such as telephone lines and
electricity cables were executed.

1990 - The R&D division of the Company has the recognition of the
Department of Science and Technology, Govt. of India.

1991 - The R&D division assisted in developing equipment for marine
piling work and evolving a technique for jacking in very large
precast concrete boxes. The division continued its contribution
for mechanisation of plant and for introducing new techniques for
specialist construction.

1993 - The Company has entered thediagnostics market with the world
famous TECHNICON line of automated Chemistry and Haemotology
systems.

- The Chemicals Division was formed on 1st January taking over
the indenting business of the Inorganic Chemicals, Pigments and
Ceramics and Organic Chemicals Business Groups of Bayer AG,
Haarmann & Reimer.

1994 - Effective 7th September, the name of the Company was changed from
Cemindia Company Ltd. to Trafalgar House Construction India Ltd.

- 4,80,000 Bonus shares issued in prop. 3:5 in March 1984.

- 12,80,160 bonus shares issued in prop. 1:1.

1995 - The Company entered into a Collaboration Agreement with Trafalgar
House Construction (Major Projects) Limited which would provide
expertise for construction of highways, motorways, bridges, etc.

1996 - The Company's working was affected by higher interest and
depreciation costs and increased operating costs on contracts due
to many clients deferring progressive payments due to their own
liquidity crunch.

- Kvaerner ASA acquired the whole of the share capital of
Trafalgar House Plc. in April. Kvaerner is an international
diversified business group registered in Norway with a London
based international operational headquarter.

1997 - The Company Right issue 20,48,256 equity shares of Rs. 10/- each
at a premium of Rs. 190/- per share were offered for subscription
by way of rights shares in January 1998.

- The Company had technical collaboration agreements with
Kvaerner Cementation Foundations Limited, U.K. and Kvaerner
Construction Limited, U.K.

- The company has also bid for setting up a marine terminal at
Dahej in Gujarat.

- Trafalgar House Construction is making a 4:5 rights issue of
equity shares at a premium of Rs. 180-218.

- The Indian subsidiary of global engineering and construction
major Kvaerner, Trafalgar House Construction (THCI) will float
a Rs. 40.96 crore rights issue at a premium of Rs 190 per share.

1998 - Cementation company was a subsidiary of Trafalgar House Plc, UK,
later acquired in full by Kvaerner.

1999 - KCIL is a subsidiary of the Norwegian engineering and
construction major, Kvaerner ASA.

- The Company is the first construction company to be accredited
with ISO 9002 in India for construction of Port and Harbour
Structures which demonstrates the capabilities and competence of
the Company in marine projects.

2000 - The Company has appointed Suni Shah Singh as its full-time
managing director from 1st June to May 31, 2005.

- Mr. M.G. Ranade resigned as Director effective from June 1, but
continues to hold the position of Secretary of the company.

- Dr. S. Ram Iyer resigned as Managing Director effective from June
1, but continues as Director on the board and holds the position
of Deputy Chairman.

- Investment Information and Credit Rating Agency has retained the
highest safety rating of 'A1+' assigned to the debt instruments of Kvaerner
Cementation India Ltd.

2001

- Company has awarded the contract for 600-metre berth part of the Rs 450-crore container terminal to Kvaerner Cementation (India) Ltd.

-Mr. M G Ranade has retired as Company Secretary w.e.f. November 02, 2001.

-Mr. K M Thatte has been appointed as Company Secretary w.e.f. November 02, 2001 and has been redesignated as Finance Director.

2002

--Mr Robert Anthony Wallace has been appointed as an Additional Director of the Company with effect from April 30, 2002. He has also been appointed as the Chairman of the Board with effect from May 01, 2002

2003

-K E Clarke has resigned as Director of the Company w.e.f. August 31, 2003.

-Mr. Nasser Munjee has been appointed as an Additional Director of the company w.e.f. August 01, 2003.

-Mr. Per Hofvander and Mr. Staffan Levin have been appointed as Additional Directors of the Company w.e.f. from April 30, 2004. Mr. Per Hofvander has also been appointed as a Chairman of the Board w.e.f. May 01, 2004.

2007

-ITD Cementation India Ltd on July 31, 2007, has appointed Mr. Deba Prasad Roy and Mrs. Parizad Pervez Mistry, as Additional Directors of the Company with immediate effect.

-The company has issued rights in the ratio of 1:1 at a premium of Rs. 415/- Per Share.

2009

- Itd Cementation India Limited has appointed Mr. Adun Saraban as an Additional Director and Whole-time Director with effect from August 12, 2009.
 
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