BSE:500308 | NSE:NIRMAEQ | IND:Others | ISIN code:INE091A01029 | SECT:General
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The Company History page lists out the major events in chronological order for Nirma Ltd.
Company History - Nirma Ltd. | ||
1980 - The Company was incorporated on February 25, as Private Limited Company to carry on the business of manufacturing and selling Synthetic Detergents, Soaps, Chemicals and Allied Products. The Company is promoted by Shri Karsanbhai K. Patel. 1993 - The Company became a deemed public limited Company under Section 43-A of the Companies Act, 1956 and was then converted into a Public Limited Company by passing a special resolution at the Extra-ordinary General Meeting held on November 08. - The Company proposes to set up a 1200 tpd (4,20,000 tpa) Soda Ash Project in technical collaboration with AKZO NOBEL ENGINEERING BV (AKZO) of Netherlands based on the Dry Lime Technology as a backward integration to the existing activities. - The company proposes to set up a facilities to manufacture Toilet Soaps with an installed capacity of 60,000 tpa and Synthetic Detergents with installed capacity of about 3,00,000 tpa. - The Company will be entering into a long term agreement with the Bhavnagar Municipal Corporation for providing of requisite quantity of sewage water. 1994 - The Company came out with its maiden public issue of Equity Shares of Rs.10/- each for cash at a premium of Rs.100/- per share aggregating for Rs.44.78 crores in February. - The Company also ventured into manufacture of Fatty Acid, Glycerine, Toilet Soaps, Sulphuric Acid and Alfa Olefin Sulphonate (AOS). - Nirma Ltd. has become a multi product company representing a wide array of product lines starting from Detergent Powders and personal care products like Toilet Soaps to chemicals like Sulphuric Acid, Glycerin, Alfa Olefin Sulphonates, Fatty Acids, Oxygen etc. - The Brand name "NIRMA" is owned by Nirma Chemical Works Pvt. Ltd. which has given a non exclusive license to AME thereby allowing AME to use the Nirma brand trade marks. - The Company sells Sulphuric Acid, Oleum, Alfa Olefin Sulphonates, Glycerin and Oxygen directly to industrial consumers on a regular basis. - The Company has also installed 26 Wind Turbine Generators (WTG) with a capacity of 5.94 MW to generate power at Dhank Dist., Rajkot. - Nilnita Chemicals Limited will be amalgamated with the Company with effect from 1st April. - The Company is setting up a desalination facility for producing about 200 cu. mtrs per day of soft water. - The Company proposes to establish R&D Centre at site for better waste utilisation and infrastructural betterment. - The Company has entered into a Memorandum of Understanding with Indian Oil Corporation Ltd., for release by I.O.C.L. of 80,000 MTPA net of LAB feed stock in case the Company decides to establish a plant for the production of 80,000 MTPA of Linear Alkyl Benzene. - The company has also installed equipments for testing the bio-degradability of various surfactants. 1995 - The Company is setting up salt works facility at Kalatalav on 25,000 acres of land adjacent to its proposed Soda Ash plant for meeting its entire salt requirement. - The Company has entered into an Agreement with Humphrey & Glasgow Consultants Ltd. for Detailed Engineering, construction supervision including Civil and Architectural Designs and Procurement Services for the Soda Ash Plant. - The Company would be entering into Equipment Supply Agreement(s) with the Critical Plant & Equipment Suppliers which, inter-alia, should provide for performance guarantee of the equipment, penal provisions for non-fulfilment of guaranteed norms, delay in delivery and defects in workmanship/design etc. 1996 - During the year, Company has introduced Shampoo, which has been seed marketed and has been accepted well by the consumers. - During the year, on account of modernisation, Company has successfully manufactured IP Grade (Pharmaceutical Grade) Glycerin and the same has been well accepted and is in good demand. - The Company has technology tie up with UOP Inter Americana Inc., U.S.A. who will be providing technical and basic engineering services. The Company has also tied up with Uhde India Limited for providing detailed engineering services. - Issue of 81,41,750 - 17% secured non convertible debentures and/or secured premium notes of the face value of Rs 200 each for cash at par aggregating Rs 162,83,50,000 alongwith four detachable warrants attached to each NCS/SPN, to the shareholders of the company on rights basis in the ratio of one NCD/SPN for every two equity shares held by them on 9th August. 1997 - Nirma is one of the country's largest detergent producers selling over 4.5 lakh tonnes of detergent and having the largest market share in the low value mass market brands. Nirma, powder sells more than Hindustan Lever's Wheel, though Hindustan Lever is the largest producer of detergent and toilet soaps put together. - Nirma Ltd is launching a mega public offer totalling Rs. 350 crore. The offer will be distributed through the 100 per cent book-building process, whereby the sale price of the share and the total size of the offer will be driven by demand for the stock. - Nirma is not only India's largest selling brand in detergent segment but is also the second largest manufacturer of toilet soap in the country. - Nirma Ltd has entered into a separate agreement with Nirma Chemical Works Ltd (NCWL), the trademark owner of the Nirma brand, for exports. - Nirma has entered into a separate agreement with Nirma Chemical Works, the trademark owner of the `Nirma' brand, for exports. - The company has created Nirma Consumer Care Ltd. - a wholly owned subsidiary in August, which is the sole licensee of the brand name Nirma within India. - The 75,000 tpa linear alkyl benzene (LAB) plant was commissioned in December, at Alindra near Baroda in Gujarat. 1998 - ICRA has assigned an LAAA rating to the Rs.200 crore Non-convertible debentures programme of Nirma Ltd (NL), indicating highest safety. - The company Nirma has already announced successful completion of it's state-of-the-art 80,000 tpa Linear Alkyl Benzene plant. - Nirma is one of the few Indian companies that have matched the MNCs in the retail sales through innovative marketing strategies. - The firm has set up state-of-the-art packaging and printing units and will now directly produce key raw materials to improve product quality. 1999 - The edible salt market is set to witness a keen battle with a new entrant, Nirma Salt, about to hit the market. - The company is putting up a three-stage vacuum salt plant with an installed capacity of 280,000 tonnes a year. - The overall sales growth has been constrained due to a plant shutdown in the industrial product segment to manufacture N-Paraffin. 2000 -Nirma maintains lead over HLL -Nirma goes retailing, launches supermarket chain -Nirma among top six Asia consumer picks 2001 -Nirma gets into food retailing business 2002 -Nirma ties up with P&G to manufacture Camay 2004 -NERF sets up Nirma Labs to nurture talent 2005 -Nirma acquires Saurashtra Chem for Rs 300 cr 2006 -Nirma is diversifying into pharmaceutical sector. 2007 - The Company has splits its face value from Rs.10/- to Rs.5/-. -The company has designated E-mail ID for Investor Complaints: [email protected] -Nirma enters into definitive agreement for the acquisition of USA based Natural Soda Ash producer -Nirma has incorporated Karnavati Holdings Inc, in Delaware, U.S.A., a Wholly Owned Subsidiary (WOS) of the Company. 2008 -The company has recommended Dividend @ 80% 2010 -Nirma have recommended Dividend of Rs 4.50 per share on 159142282 equity shares of Rs 5/- each |
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