|The Company was incorporated on 7th April 2000 under the Companies
Act, 1956, as a Private Limited Company and as such did not require any
certificate for the commencement of business. Pursuant to the conversion
of the Company from a Private Limited Company to a Public Limited
Company on the 24th June 2004, the name of the Company was changed
from Rohit Ferro-Tech Private Limited to Rohit Ferro-Tech Limited.
The Company belongs to Impex Group having interest in Ferro Alloys.
Mr. Suresh Kumar Patni, Chairman Cum Managing Director, has promoted
the Company, and is well known in the eastern Region Ferro Alloys Industry.
The Company has carved a niche for itself as a leading producer of High
Carbon Ferro Chrome. The Company has also got ISO 9001:2000 certification
assuring high standard quality adherence for itÂs products.
The Company was promoted with the intention to set up a Ferro Alloy Plant. In
the year 2002, on the announcement of industry promotion schemes of the
State of West Bengal, mainly beneficial for power intensive industries, the
Company decided to set-up a Ferro Alloy Plant with Two Sub-merged Arch
Furnaces of 9 MVA capacity each at Bishnupur Industrial Growth Centre in
Bankura District of West Bengal where the Company was assured of receiving
power subsidy for 6 years. Moreover, the Company also got the benefit by
the Income Tax Holiday to the extent of 100% for first 5 years, and 30% for the
next five years of itÂs operation for setting up the plant at Industrial Backward
Area notified by the Central Government.
The Company started commercial production of manufacturing High Carbon
Ferro Chrome (HCFeCr) in October 2003 and produced more than 9000 MT
during the initial five months of operation ending FY 04. The Company also
exported 28% of itÂs production during that financial year. In view of increase
in demand for the product both in domestic & international market, the Company
thought of expanding itÂs capacity by adding another Furnace of 9 MVA capacity.
The 3rd furnace started its production from April Â2005.
The Company now proposes to manufacture Ferro Manganese (FeMn) & Silico
Manganese (SiMn) at its proposed Jajpur Plant.
Important events in the history of the Company ere as follows:
April 2000 Incorporation of the Company
August 2003 IFAPA Membership
October 2003 Commercial Production of First 2 Furnaces
June 2004 Converted into Public Limited Company
August 2004 Accredited ISO 9001:2000 Certificate
January 2005 Awarded One Star Export House Status
April 2005 Commercial Production of 3rd Furnace
May 2005 ICDA Membership
-Rohit Ferro Tech Ltd has recommended a dividend @ 10%
-Poduction from the 3rd furnace at the Jaipur unit of the Company has started.
-Company (RFTL) have entered Into an MOU with PSP Group (PT Pacific Samudra Perkasa) to acquire 60% economic interest in two coal mining companies in Indonesia
- 5th furnace at the Bishnupur unit has started its commercial production.
-Rohit Ferro Tech Ltd has recommended a payment of dividend of Re 0.50 per share
-Commercial Production of Company's new 100% EOU at Haldia has started the production from the second furnace
-Rohit Ferro-Tech Ltd Issues Rights in the Ratio of 2:5
-Commercial Production for the third and fourth furnace of Company's 100% EOU at Haldia has started
-Rohit Ferro-Tech Ltd has recommended a dividend of Rs. 0.50 per equity share i.e. 5%
-Mr. Jay Shanker Shukla has been appointed as Additional Director of the company.
-Rohit Ferro-Tech appointed Mr. Dinesh Biyanee as Additional Director of the company.
-Rohit Ferro-Tech has appointed Mr. Ankit Rungta and Mrs. Sujata Agarwal as Additional Directors of the Company.