|Lanco industries was incorporated in the year 1991. It has two main products - pig iron and slag cement.
Commercial production at the pig iron plant in Tirupathi started in Sept. 1994. Capacity utilisation is 95.4% of rated capacity for 1996-97.
The company's captive power plant was commissioned in Feb 1995. For the year 1996-97, the company produced 24.8 MW internally which was 88% of its total consumption.
The company has a downstream 70,000 TPA Slag cement plant, 50% of input coming from the pig iron plant. Commercial production started in April 1996. Capacity utilisation is 47.39% of rated capacity for 1996-97.
The company raised Rs. 454.73 lacs through a Rights issue of 1:5 during the year 1995-96 for its expansion/diversification into cement production.
2001 - The Company has signed an agreement with CDSL, NSDL and Aarthi Consultants Pvt.
Ltd., Hyderabad, for dematerialisation.
2002-Lanco Industries Ltd has informed that Shri L Madhusudhan Rao the present Managing Director has resigned from the position of MD of the company and the Board has accepted the resignatio and also appointed Sri Gowri Shankar Tekriwal as Managing Director subject to the approval of shareholders and financial institutions.
-Lanco signs MoU for Chhattisgarh project with UK firm