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The Ramco Cements Ltd. Company History and Annual Growth Details

1957

- The Company was Incorporated at Rajapalayam, in Tamilnadu. The
Company Manufacture cement and allied products. Cement is marketed
under brand of 'RAMCO' Portland Cement.

- 480-6.25% Pref. and 295 No. of equity shares issued without payment
in cash. Arrears: Rs 63,428.

1967

- The Company issued 50,000 right equity shares at par in prop/1:1
(Equity pref.) and 20,000 right redeemable pref. shares 2:5 (equity
pref.) during 1962-63. Arrears: Rs 34,940.

1973

- Authorised capital reclassified. In June, 30,000 pref. and 1,40,000
No. of equity shares issued at par as rights in prop. 14 No. of equity
and 3 pref. to every 10 equity and/or 9.5% irredeemable pref. shares.
Only 11,500 pref. and 51,000 No. of equity shares taken up. The
balance 18,500 and 89,000 No. of equity shares offered to the public in
October. Arrears: Rs 9,57,480.

1978

- Division on all pref. shares raised to 11% during 1975-76. 28,000
No. of equity shares issued during the year. Arrears: Rs 7,49,468.

1982

- 44,375 No. of equity shares issued at par and allotted to financial
institutions upon part conversion of their loans during 1982-83.
Arrears: Rs 32,000.

1985

- The Company undertook to replace the 4 cement mills at its
Ramasamyraja Nagar Works, which were 20 years old, by a single new
'Combidan Cement Mill'. The mill was commissioned towards the end of
the year.

- A 132 KVA sub-station and the limestone crushing plant were
installed. The project was commissioned during December 1986.

1986

- 12,00,000-15% secured non-convertible debentures of Rs 100 each were
issued at par as rights in the proportion four debentures for every
equity share held. The debentures would be redeemed at a premium of Rs
5 per share on the expiry of 7 years from the date of allotment or in
three equal instalments of Rs 35 each at the end of the 7th, 8th and
9th year from the date of allotment. The Company allotted additional
1,93,742 debentures to retain over subscription.

1988

- Two D.G. sets were installed in the middle of the year to meet 60% of
the unit's power requirement at Jayanthipuram.

1990

- The Company decided to expand the capacity of Tamilnadu factory by
one lakh tonnes per annum considering the growing demand for cement in
Southern States and the potential for exports to Srilanka and Maldives.

1992

- The Company set up a 4 MW wind mill farm at Muppandal, Kanyakumari
district, Tamil Nadu. The wind mill, Asias largest one to be
commissioned in the Private sector, was set up. All the 16 wind
turbines were commissioned in March 1993.

- Power generated is supplied to Tamil Nadu Power Grid and the credit
for the same is allowed by Tamil Nadu Electricity Board against their
bills for Company's power consumption.

- 10,000-15% Pref. shares redeemed on 31.3.1993, 3,02,068 bonus equity
shares issued in prop. 1:1. Allotment of 307 bonus shares with held in
accordance with law.

1993

- The Company proposed to set up a new Cement factory in Tamilnadu with
an annual capacity of 6,00,000 tonnes and also a Cement Grinding unit
in Sri Lanka with an annual capacity of 5,50,000 tonnes. Also proposed
to set up a Cement Grinding unit at Vishakapatnam, Andhra Pradesh to
grind both Ordinary portland and portland slag Cement.

- Additional capacity was created by adding 8 Nos. wind turbines of 250
KW each at Muppandal wind mill farm taking the generation capacity to 6
MW.

1994

- The Company upgraded the capacity of the Jayanthipuram Unit to 1.1
million tonnes and also upgraded the Cement mills capacity in R. R.
Nagar and Jayanthipuram units.

- The Company proposed to increase the capacity of Cement project in
Tamilnadu from 6,00,000 tonnes per annum to 9,00,000 tonnes per annum.

- The Company substantially increased the capacity of windmills by
installing 70 more windmills. It was also proposed to set up
additional wind mills.

- 5,92,116 bonus equity shares allotted in ratio of 1:1. 12,879 bonus
shares remain unallotted pending completion of required formalities.
Preference shares redeemed during the year.

1995

- The Company enhanced power generation capacity at Jayanthipuram unit
to 15.3 MW by commissioning an additional diesel generator set to
maintain normal production in view of frequent power-cut and power
trippings.

- A new composite cement unit with a capacity of 5 lakh tonnes per
annum is proposed to be set up at R. R. Nayar.

- 27 more wind mills with a total additional installed capacity of 10.5
MW were set up at Poolaradi in Tamil Nadu.

- 1335 shares kept in abeyance issued as bonus shares.

1996

- 35 shares kept in abeyance issued.

1997

- 149 shares allotted pursuant to a contract without payment being
received in cash.

- Madras Cements has satisfactorily commissioned its third cement plant
in Alathiyur, the second in Tamil Nadu.

- The Company's Jayantipuram unit lost almost a month's production due
to breakdown of the raw mill.

- The clinker plant of the Alathiyur unit was commissioned in March
while the grinding unit was commissioned in May.

- Crisil had assigned a 'P1+' rating to the Rs.56 crore commercial
paper issue of Madras Cements Ltd. A 'P1+' rating has been assigned to
the commercial paper issue of Madras Cements Ltd, indicating that the
degree of safety regarding timely payment on the instrument is very
strong.

1998

- Madras Cements Ltd. is embarking on forward integration by setting up
a ready-mix concrete (RMC) plant near Chennai. The plant, to be
located at Medavakkam, will have a capacity of 45,000 cu mtrs.

- The company has tied up with Visakhapatnam Steel Plant (VSP) for
procuring slag, a blast furnance residue and a crucial input for slag
cement.

- Madras Cement's Rs 360 million non convertible debenture issue has
been downgraded from AA+ (double a plus) to AA (double A). The rating
of the fixed programme has been downgraded from FAAA (F triple A) to
FAA+ (F double A plus). The Rs 560 million commercial paper programme
has been reaffirmed at P1+ (P one plus).

1999

- ACC came out with two brands on blended cement - 'ACC Suraksha' and
'ACC Super'. These brands will have a national presence and will
substitute the company's regional brands in the long run.

- Madras Cements is one of the largest cement companies in South India
with three manufacturing facilities (two in Tamil Nadu and one in
Andhra Pradesh).

- The company has increased its capacity from 1.8 million tonnes to
2.75 million tonnes.

- Madras Cements Ltd and a Murugappa group company Southern Energy
Development Corporation Ltd (SEDCO) could become first players in the
private sector to set up a gas-based captive power plant (CPP) in Tamil
Nadu.

- Madras Cement has tied up with Gas Authority of India Ltd (GAIL) for
supply of gas and the fuel supply agreement was inked on April 15,
1999.

- The company has tied up with Oil and Natural Gas Corporation (ONGC)
for supply of 25,000 cu mtrs of gas per day from its Nallore well, near
Mannargudi in Tamil Nadu.

- MCL would install 27 Very Small Aperture Terminals (VSATs). MCL is
also installing a Business Process Re-engineering (BPR) package along
with the ERP package.

- Madras Cements, flagship of the Ramco group, is embarking on a Rs 200
crore expansion plan to increase its annual capacity to six million
tonne by 2001.

- Madras Cement has tied up with Vizag Steel Plant for supply of slag.
It is also setting up a gas-based captive power plant in Tamil Nadu in
a bid to reduce its power cost. An agreement has been entered into
with GAIL for supply of 80,000 cu mtrs of gas per day.

2000

- The Company has launched the Ramco Super Steel cement in Tamil Nadu.

- The Company has scaled up the Capacity of its proposed gas based
captive power plant at Mayavaram, Tamil Nadu to 30 mw from 15 mw.


2003

-Madras Cements members approve stock split of the existing equity shares of Rs 100/- to 10 shares of Rs 10/- each.

2004

-Madras Cements Ltd. has informed that Shri. T.K. Thirumalaiappa Mudaliar passed away on January 3, 2004.

2007

-Madras Cements Ltd has informed that Government of Tamil Nadu has appointed Shri. Rajeev Ranjan, I.A.S., Industries Commissioner and Director of Industries and Commerce as their Nominee Director on the Company's Board with effect from August 22, 2007 in the place of Shri. M Raman, I.A.S.

2008

-The Company has issued Bonus Shares in the Ratio of 1:1.

- The Company has splits its face value from Rs10/- to Rs1/-.
 
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