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Vikash Metal & Power Ltd. Company History and Annual Growth Details
Incorporation and Initial Progress:
The company was originally incorporated as Vikash Metal Private Ltd. on 4th July, 1996 and later converted into a public limited company as Vikash Metal Limited vide fresh certificate of incorporation dated 13th December, 2002 and was subsequently renamed as Vikash Metal & Power Limited on the 22nd of December 2003.
Important events in the History of the Company are as follows:
1996 Incorporation 1997 Profit in the very first year of incorporation 2002 Converted into public limited company and alteration of Memorandum of Association and fresh certificate of incorporation. 2003 From being a company which traded in dolomite and iron and steel products, the company ventured into manufacture of sponge iron and the 1st Kiln with a capacity to produce 100 TPD was commissioned. 2004 Commencement of Production of Kiln II in June 2004.
-Vikash Metal & Power Limited has informed that the Company has appointed Miss Ruchika Jain as the Company Secretary and Compliance Officer of the Company with effect from December 01, 2006.
-Vikash Metal & Power Ltd has informed that the Company has inked an MOU with the Bihar State Electricity Board (BSEB) for execution of 2X250MW thermal project in Begusarai on June 16, 2007.
-The company Recommended payment of dividend @ 2.5% i.e. Rs. 0.25 per equity share of Rs.10/- each.