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Dalmia Bharat Sugar and Industries Ltd. Company History and Annual Growth Details

1951 - The Company was Incorporated in the State of Tamilnadu.
With its Reg.office at Dalmiapuram, Tiruchirappalli,

- The Company's object is to manufacture cement, drainage pipes,
pipes for water supply and irrigation, culverts, porcelain
sanitary ware, insulated acid resisting tiles, radios, record
players, tape recorders and allied instruments. The products are
sold under the name `Dalmia'.

1955 - Nominal value of 59,307 preference shares of Rs.100 each and
10,59,919 No. of equity shares of Rs.10 each reduced to Rs.40 and
Rs.2.50 each respectively. 69 preference and 81 No. of equity
shares issued.

1956 - In October 3,56,250 right preference shares of Rs.10 each and
31,80,000 right equity shares of Rs.2.50 each offered in prop. 6
new pref. : 1 pref. Rs.40 and 3 new equity : 1 equity of Rs.2.50.

1957 - 4 equity shares of Rs.2.50 each consolidated into one equity
share of Rs.10 each.

1958 - Preference shares of Rs.100 and Rs.40 sub-divided into preference
shares of Rs.10 each.

1959 - 2,17,788 rights equity shares of Rs.10 each issued at par prop.1
new equity share against paid up. Value of existing equity and
or deferred shares of Rs.60 or part thereof.

1962 - The Magnesite Corporation of India Ltd., a wholly owned
subsidiary and manufacturing dead-burns magnesite at its plant in
Salem was amalgamated with the Company on 1st January, 1964.

1963 - 49,925 pref. and 74,965 No. of equity shares allotted without
payment in cash to members of the Magnesite, Corpn. of India, Ltd
on its merger in prop. 1:1 (pref.) and 1:1 (equity).

1964 - Defd. shares converted. 1,25,000 No. of equity shares of Rs.10
each issued to the holders of 5 lakh Defd. Shares in prop. 1:4
by capitalising the amount from the Reserve fund.

1965 - In November, the Company purchased a cashew factory at Kundara in
Kerala state. The Cashew business is carried on by the company
under the name and style of Dalmia International.

1967 - The export business was extended to other commodities like coffee
walnuts and black pepper.

- In April, 7,43,986 Bonus equity shares issued in the prop. 2:5.

1968 - 2,62,908 pref. shares cancelled and converted into 1,96,431 No.
of equity shares on 2nd December.

1969 - 91,968 pref. shares cancelled and converted into 68,976 No. of
equity shares on 22nd August.

1970 - The Company set up a travel agency business in New Delhi under
the name and style of `Govan Travels' and it was recognised by
the International Air Transport Association and also by the
Department of Tourism, Ministry of Tourism and Civil Aviation,
Govt. of India. Branch offices were opened at Mumbai and
Chennai in 1971.

1975 - Dalmia Dairy Industries, Ltd. (formerly Dalmia Cement, Ltd.)
ceased to be a subsidiary of the Company with effect from 31st

1976 - A new office was opened at Cochin in May.

1978 - The Company was compelled to close its cargo business.

1980 - The possession of the Ballabhgarh factory of the erstwhile
Telesound India, Ltd. was taken from the Receiver from December.

- The Company introduced new stereo systems.

- Telesound India Ltd. (TIL) (formerly Telefunken India Ltd.) was
amalgamated with the company with the company with effect from
1st January.

- In terms of the scheme of Amalgamation approved by the High Court
of Delhi and Chennai, the Company allotted 1,91,985 - 11%
cumulative redeemable preference shares of Rs.10 each to the
former shareholders of TIL. TIL was a sick unit and was
manufacturing radio receivers. After amalgamation, the
manufacturing unit of TIL at Ballabhgarh became the Electronics
Division of the Company under the name and style of "Dalmia
Electronics Corporation".

1983 - The land and buildings at Ballabhgarh, New Delhi and Mumbai were
revalued as on 31st December. The net surplus arising out of
this was credited to revaluation reserve.

1985 - The operation of the cement division suffered due to power cuts
and rise in the costs of coal and power.

- The captive diesel generating sets installed, which were
originally conceived as a stand-by arrangement, had to be run
throughout the year.

- Production and sales registered substantial improvement due to
increased offtake of dead-burnt magnesite by refractory industry.

- The Kerala Government issued a notice for acquisition of the
cashew processing unit and took possession of the unit on 20th

- The Company challenged the acquisition of the cashew processing
unit through a writ petition before the Kerala High Court and
obtained a stay.

1986 - The magnesite ore beneficiation plant was commissioned in March.
The mining lease of the Company's magnesite mines was due to
expire during the year.

- In January, it was decided to suspend further activities of the
merchant exports division due to the division's continued
unsatisfactory performance.

- Due to continued pressure of competition from kit-technology, the
desired level of production and sales could not be achieved.

1987 - Both production and sales were adversely affected because of
strike by workers for almost 45 days.

- The Company proposed to install a new mill house in view of the
long term monoliths requirements.

- Two new Hi-Fi Ampli cassette deck music systems were introduced.

1988 - Production and sales were adversely affected due to
non-availability of acceptable quality of raw magnesite in
sufficient quantity from the mines.

- The Company executed a joint venture agreement with Industrial
Promotion and Investment Corporation of Orissa Ltd. (IPICOL) for
the manufacture of 100,000 TPA of pig iron.

1989 - Production and sales of dead-burnt magnesite did not improve much
due to non-availability of acceptable quantity of raw magnesite
in the Company's mines.

- Due to high level of already existing clinker, stock production
had to be curtailed to avoid building up to stocks to unduly
high levels.

- As a measure of cost reduction and conservation of energy, a ship
power recovery system was commissioned during the year. `O' sepa
high efficiency separator for cement mill was installed and an
order was placed for kiln supervisory control system.

- Production and despatch of cement did not improve due to
prevailing competition, oil crisis and short supply of wagons.

1990 - Colour television was introduced and new economical design Hi-Fi
Ampli Cassette Deck Music systems were introduced towards the end
of the year.

- Serious disturbances in the Northern part of the country and the
Gulf war affected the tourist season and the foreign exchange
earnings suffered a set back.

- The multilayer ceramic capacitor plant was commissioned after
receipt of requisite clearance from the State Pollution Control

1991 - The Company installed one 4.3 MW imported diesel generator that
could run on heavy fuel oil. Steps were taken to automate
cement grind control for cement mills.

- The Company proposed to put up a Wind Mill Farm in Tamilnadu for
producing power by using wind energy to be used in the cement

- New models Hi-Fi Ampli cassette deck music system were

- Colour Televisions based on ET & T design were produced in small

- Approvals from Bharat Electronics and Electronics Corporation of
India, Ltd. was received.

- The Company had signed a Memorandum of Understanding with Gujarat
Mineral Development Corporation Ltd., to jointly implement a
project for manufacturing cement based on lignite fuel and
limestone deposits available in Kutch district of Gujarat.

- 28,69,358 bonus shares issued in prop. 1:1.

1992 - Due to sharp decline in new orders from Departul of
telecommunication for new exchanges, orders for components from
Original Equipment Manufacturers declined sharply.

1993 - Introduction of many new black and white TV models.

- During April, the first phase of a wind mill farm for producing
2.25 MW of electricity was commissioned.

- Effective 1st April, Vivek Ganna Ltd., were merged with the
company. The Company took over implementation of its 2500 tonnes
sugar project at Ramgarh at in Sitapur district of UP under the
name and style of `Ramgarh Chain Mills'. Efforts were on to
commission the plant during 1994-95 sugar season.

- Shri Rangam Investment Co., Ltd., Poonam Finance, Ltd., Anupama
Investment Ltd., Kanika Investment, Ltd. and Surya Finance Ltd.
are wholly owned subsidiaries of the Company.

- 19,12,905 bonus equity shares allotted in prop. 1:3.

1994 - Both production and despatches had gone up due to increased
demand for cement in Kerala and Tamil Nadu.

- The Company has iron ore mines in the Bellary Hospet area.

- Demand for dead burnt magnesite continued to be low due to less
orders from integrated steel plants. During the year Forsterite
bricks were developed.

- The Dalmia Electronics Corporation unit proposed to develop and
launch many new audio models in November.

- A wide range of new audio products were introduced.

- The sugar unit was commissioned in the last week of December.
Delay in the commissioning of the second boiler resulted in low

1995 - Chip Resistor plant orders were placed during the year.

- Production and sales of dead burn magnesite and Monoliths were
affected for 33 days in April and May due to strike by workers.

1996 - Sales were affected due to reduced demand from steel and
refractory manufacturers coupled with severe competition from
import of Dead Burnt Magnesite also affected sales.

- Production and sales of Audito products declined due to
competition from overseas producers.

1997 - Sales were affected due to recession in the Steel Industry and
stoppage of the plant for about 100 days.

- Dalmia Cement Bharat (India) Limited has proposed to the
Karnataka Government to increase the capacity of its proposed
foundry grade pig iron plant in Rani Bennur district of

- The mining activity at the Hospet unit of the company has been
suspended consequent to the interim order of the Supreme Court
to stop mining in the forest area.

1998 - The company has also set up sugar plant in Uttar Pradesh, which
is being expanded, with cane crushing of 2,500 tonnes per day.

- Icra has assigned a double-A rating to the Rs 50 crore
long-term non-convertible debenture programme of Dalmia Cement
Bharat Ltd, indicating high safety. The medium- and short-term
ratings have also been reaffirmed at MAA+ and A1+.

- The company has planned to increase the capacity to 230,000
tonnes per annum (tpa) from the initial 180,000 tpa.

- The company is also seeking a technical collaboration from
Shougang of China.

1999 - The Rs 290-crore (Rs 100 crore = Rs 1 billion) Dalmia Cement
(Bharat) Ltd is on the lookout for strategic alliances
including acquisitions and joint ventures to be set up in the
near future.

- Dalmia Cement's fixed deposit programme is open for subscription.
It has a MAA+ rating from ICRA.

2000 - Dalmia Cement (Bharat) Ltd has introduced Dalmia Vajram Cement.

- Mr. S. Ravi, Nominee Director of Indian Renewable nergy Development Agnecy Ltd,
has withdrawn from the board effective from 7th September.


-Expands its capacity stands from 10.34 lakh TPY to 12.34 lakh TPY.


-RBI notifies NRI's and people of Indian Origin not to purchase the shares of the company without obtaining prior clearance from the regulator.

-Company has splits its Face value of Shares from Rs 10 to Rs 2


- Dalmia Cement Bharat Ltd has inducted Shri. G N Bajpai as a Director of the Company, subject to approval of Central Government under section 259 of the Companies Act, 1956.


-Shri V. Sundararaj, Sr. Manager (Accounts) has also been appointed as Compliance Officer of the Company

-Dalmia Cement Bharat has decided to recommend a final dividend of Rs 2.00 per Equity Share of Rs 2/- each


-Dalmia Cement has decided to recommended a final dividend of Re. 1.00 per Equity Share of Rs. 2/- each

-Company has changed its name from Dalmia Cement (Bharat) Ltd. to Dalmia Bharat Sugar and Industries Ltd.


-Shri Panchapakesan Kannan has been appointed as Director of the Company.

-Dalmia Bharat Sugar has decided to recommend a final dividend of Re. 0.25 per Equity Share of Rs. 2/- each


-R. Gururajan has been appointed as the Compliance Officer of the Company.
-Company has decided to recommend a final dividend of Re. 0.25 per Equity Share of Rs. 2/- each.


-Dalmia Bharat Sugar and Industries has acquired a sugar plant situated at Sangli, Maharashtra having a cane crushing capacity of 1750 TCD (Tonnes Crushed per day) at a consideration of Rs.24.30 Crores from Maharashtra State Cooperative Bank Ltd.

-Dalmia Cement Becomes First Cement Company to commit to 100% Renewable Power.
-Dalmia Bharat Foundation signed an MoU with National Bank for Agriculture and Rural Development (NABARD) for implementation of development interventions, which are aimed at socio economic upliftment of local communities.
-Dalmia Bharat Foundation and NSDC join hands for Skill India.