Home  »  Company  »  Sathavahana Ispat Ltd.  »  Quotes  »  Company History
Enter the first few characters of Company and click 'Go'

Sathavahana Ispat Ltd. Company History and Annual Growth Details

The Company was incorporated on 08/11/1989 as a public limited company under the name "Sathavahana Ispat Limited" and obtained the certificate of commencement of business from Registrar of Companies, Hyderabad, A.P. on 8th May, 1990. The main objects of the Company are fully set out in the Memorandum of Association and also detailed elsewhere in the prospectus. The immediate object of the Company is to manufacture 1,20,000 tonnes per annum of PIG IRON.

SIL is promoted by Sri. A S Rao, a technocrat enterprenuer.

2003

-Shareholders have approved to delist company's equity shares from the Ahmedabad and Madras Stock Exchanges

2004

-Commissions non-recovery type metallurgical coke oven batteries with installed capacity of 1,50,000 MTPA at its existing site wef March 1, 2004 for its captive requirements of metallurgical coke

- Sathavahana Ispat delisted from Ahemedabad & Madras Stock Exchange

2005

-Sathavahana Ispat commences works on Green Field Project

-Sathavahana Ispat has recommended a dividend of 12%

2006

-Sathavahana Ispat enters into Power Purchase Agreement with PTC India

-Shri K Thanu pillai has been appointed as Chairman of the Board of Directors of the company.

2007

-Sathavahana Ispat has recommended a dividend of 10%

2008

-Sathavahana Ispat has recommended a dividend of 15%

2009

-Sathavahana Ispat recommended a dividend of Rs.1.50 per share

2010

-Sathavahana Ispat recommended a dividend of Rs.1.50 per share

2011

-Sathavahana Ispat recommended a dividend of Rs. 1.80 per Share (18%)

2013
-Company has re-commissioned Blast Furnace and resumed production of Pig Iron.

Find IFSC