Enter the first few characters of Company and click 'Go'

Rasi Electrodes Ltd. Company History and Annual Growth Details

The Company was incorporated as a private limited company on March 8, 1994. The Company was converted into a public limited company on November 12, 1994. The Company is a small scale unit and registered with the District Industries Centre, Guindy, Madras. The registered office of
the Company is situated at Madras and the factory is located at Red Hills, about 25 km from the city of Madras. The Company has commenced commercial production of welding electrodes in the month of January 1995. The phase I of the project for a production capacity of 900 tpa has been completed and the phase II for expansion of capacity to
3,300 tpa is under implementation.

PRESENT BUSINESS
The Company is in the business of manufacturing quality welding electrodes and it will be catering to the needs of wide ranging industries like Steel, Paper, Cement, Thermal Power, Automobile and Fertilisers. The Company commenced commercial production in January, 1995.

2005

-Rasi Electrodes commences trading in new product, CCMS Welding Wires.

-Rasi Electrodes secures export order worth Rs 7.5 mn from TII, Singapore.

-The Company appointed Mr. B Popatlal Kothari as Chairman and Managing Director.

2006

-The Company recommended a dividend of 5% on the paid-up value of the equity shares

2007

-The Company has issued Bonus Shares in the Ratio of 2:5.

-The Company has recommended a dividend of 5% on the paid-up value of the equity shares

2008

-The Company has recommended a dividend @ 5% for the year .

2009

-The Company has recommended a dividend of Re 0.40 (previous year Re 0.50) per Rs 10 equity shares)

2010

-The Company has recommended a dividend of Re. 0.50 per equity shares of Rs. 10 each (i.e. 5%)

2011

-The Company has recommended a dividend of Re. 0.50 per equity shares.

2012

-The Company has recommended a dividend of Re. 0.50 per equity shares.

2013
-The company has recommended dividend of Re. 0.50 ps (i.e. 5% on paid up value).

2014
-Rasi Electrodes today said that the company has increased the Capacity of Manufacturing Copper Coated Mild Steel Welding Wire from 1500 mts to 5400 mts in a phased manner.

2015
-Rasi Electrodes Ltd has approved list of BHEL, as supplier for E7018 type electrodes.
-Rasi Elect diversifies into development of wire drawing business for various industrial applications.
-Rasi Electrodes - Diversification in to development of Wire drawing Business
-Rasi Electrodes Ltd has splits its face values of share from Rs. 10 to Rs. 2

Disclaimer: This is 3rd Party content/feed, viewers are requested to use their discretion and conduct proper diligence before investing, GoodReturns does not take any liability on the genuineness and correctness of the information in this article