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Company Information

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HIL LTD.

22 November 2024 | 12:00

Industry >> Furniture, Furnishing & Flooring

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ISIN No INE557A01011 BSE Code / NSE Code 509675 / HIL Book Value (Rs.) 1,656.77 Face Value 10.00
Bookclosure 30/07/2024 52Week High 3171 EPS 46.13 P/E 53.57
Market Cap. 1863.28 Cr. 52Week Low 2346 P/BV / Div Yield (%) 1.49 / 1.52 Market Lot 1.00
Security Type Other

History of Company

The company history sections lists out major chronological events that happened to the company.
YEAR EVENTS 1946 - The Company was Incorporated at Hyderabad. The Company's objects is to manufacture and sales of asbestos cement products and accessories. The company's products are sold under the trade name "Charminar".

- Only application and allotment moneys called-up. In O.S. currency

1964 - An agreement was signed with M/s. Johns Manville International Corporation for technical assistance for the manufacture of asbestos cement pressure pipe machines.

1966 - 8,26,455 Bonus shares of Rs.2.50 each issued in prop. 7:1. Shares then consolidated.

1967 - The Company entered into a technical consultation arrangement with The Cape Asbestos Company, Ltd. London, in respect of the manufacture of Capsite asbestos moulded insulation articles.

1968 - In January, 2,36,130 bonus shares issued in prop. 1:1. 2,36,130 right shares were then issued at par in prop. 1:2.

1969 - 3,54,195 right equity shares issued at par in prop. 1:2. In September. 35,000 9.5% pref. shares offered to the public.

1971 - In April 1971, 3,54,195 right equity shares were issued at par in prop. 1:3.

1974 - The company entered into a collaboration agreement with Societa Italiana Per L'Amiants, S.P.A. Italy, for the manufacture of asbestos products viz., asbestos textile, asbestos cloth, asbestos rubber jointing sheets and asbestos mill board.

1978 - The Company supplied, plant and machinery, technical know-how and engineering and management services for asbestos cement sheets and pipes project in Um-Al-Quwain (UAE).

1980 - The Company supplied plant and machinery, technical know-how etc. to Banchi State Government of the Federal Republic of Nigeria for their asbestos cement sheets and pipes project. The Company participated to the extent of 1.05 million Naira in the equity capital of the Nigerian company.

- The Company was allotted 60,000 redeemable preference shares of Nepalese Rs.100 each by the Nepal Metal Company Ltd., a joint venture company incorporated in Nepal in consideration of prospecting work done in the past year and expenses incurred by the company in Nepal. Subsequently, the Nepal company increased its equity capital, due to escalation in project costs, and further in 1983 due to similar reasons. The company's investment in this joint venture stands revised at Nepalese Rs.112.80 lakhs from Nepalese Rs.45 lakhs. This is in keeping with the requirement to hold 25% of the equity capital.

- 35,000 pref. shares redeemed during the year. 1982 - The Company applied for a licence to set up a 9 lakh tonnes cement plant in Madhya Pradesh in two stages. The Company undertook to set up a gypsum board project in Haryana by promoting a new company with foreign collaborator BPB Industries Plc. London U.K. in the name of Gypsum, Ltd. a Jid in Haryana. The plant was commissioned in October 1987.

1983 - The Company issued non-convertible debentures for Rs.7.00 crores to meet the working capital requirements.

- The Company's land and building at Hyderabad (Andhra Pradesh) and Ballabgarh (Haryana) were revalued as at 31st December. The net surplus of Rs.9,54,81,240 arising out of this was credited to revaluation reserve.

1985 - The name of the company was changed from Hyderabad Asbestos Cement Products, Ltd. to Hyderabad Industries, Ltd. with effect from 11th November.

1986 - A letter of Intent was obtained for the manufacture of bag packing machines and systems. The Company also proposed to take up the manufacture of power drive pumps of all types, centrifugal etc. It was also proposed to enter into the field of consultancy and contracting in relating to various industrial projects. Applications were also made for industrial licences for the manufacture of (i) fibre reinforced calcium silicate boards; (ii) captive jig washeries, (iii) extractions, handling and sampling equipment and systems for ore and minerals including coal and (iv) styrene tubacliene rubbers by promoting a new company.

- In May, the company supplied plant and machinery and technical assistance to Malabar Building products Ltd., promoted by Kerala Industrial Development Corporation Ltd. and also participated to the extent of Rs.43.69 lakhs in the equity capital of the company.

1987 - The company was forced to declare a lock-out at its Ballabgarh unit from 14th October to 21st March, 1988 due to labour unrest.

1988 - 28,33,560 bonus equity shares issued in prop. 1:1 (Allotment of 1,32,832 shares pending).

1989 - The Company signed a Memorandum of Understanding with M/s. Machinoimport of USSR for technical know-how and assistance for the manufacture of extraction, handling and sampling equipment and systems for ore and minerals including coal.

- The balance 1,32,832 bonus shares were allotted.

1990 - Production declined due to inadequate availability of raw asbestos and depressed market for asbestos cement pressure pipes.

1991 - The agreement with Umm-Al Quwain Asbestos Cement Industries, UAE, was extended for a period of 1 year from January. The company has been renewing its agreements with Nigerian Asbestos Industries Ltd. since the expiry of initial technical agreement.

- With effect from 1st April, the heavy engineering division including steel foundry of Hindustan Motors, Ltd. at Uttarpara, West Bengal was transferred to the company. In terms of the Scheme of Arrangement sanctioned by High Courts at Calcutta and Hyderabad, 1,75,000 No. of equity shares of the company of Rs.10 each at a prem. of Rs.50 per share were allotted to Hindustan Motors, Ltd.

1992 - The Company was planning to put up a Cement Gruinding Unit with a capacity of 60,000 tonnes per annum at Jasidhi, Bihar.

- During July, the company issued 12,46,766 -15% secured redeemable partly convertible debentures of Rs.160 each on rights basis in the prop. of 11 debentures 50 No. of equity shares held. Allotment of 506 debentures was kept in abeyance.

- 13,05,511 No. of equity shares allotted on conversion of debs. 1,75,000 No. of equity shares issued to Hindustan Motors, Ltd. as per the scheme of Arrangement (prem. Rs.50 per share).

1993 - The Company entered into a technical collaboration with Mogensen Technology AB, Sweden to manufacture special screens, sizers and feeders.

- Another 62,338 - 15% partly convertible debentures of Rs.160 each were offered to the employees. Only 16,465 debentures were taken up. Out of the remaining 42,786 debentures were allotted to Financial Institutions till 31st March.

- Part `A' of Rs.60 of each debenture was to be converted into one equity share of Rs.10 each at a prem. of Rs.50 per share on the expiry of six months from the date of allotment of debentures.

- Part `B' of Rs.100 of each debenture will be redeemed at par in three annual instalments of Rs.33, Rs.33 and Rs.31, respectively on the expiry of 8th, 9th and 10th year from the date of allotment of debentures. 1994 - As a step towards diversification into new range of building products, the company entered into a technical collaboration agreement with Building Technologies Australia Pty. Ltd. Australia to manufacture pre-fabricated building panels.

- Another technical collaboration agreement was entered with Peiner Hebe-Und Transport systeme, Germany for manufacture of Tower Cranes.

- The Company has entered into a technical collaboration with Mogensen Technology AB, Sweden to manufacture Special Screens, Sizers and Feeders.

1995 - The Company was in the process of setting up a project for production of Autoclaved Aerated Concrete blocks at Chennai, Tamilnadu.

- The Company entered into a technical collaboration agreement with M/s. Nippon Gasket Company Ltd., Japan for manufacture of jointings of international quality to meet OEM requirement.

- The Company was awarded Certificate of Merit by Chemicals and Allied Products Export Promotion Council for outstanding export performance.

1996 - The performance of Heavy Engineering division was affected adversely due to the sluggishness in the core sector industrial activity and also due to delays in the finalisation of orders from mining and infrastructure projects.

- The Company proposed to set up a plant at Vijayawada, Andhra Pradesh for production of fibre cement sheets and accessories. The project was expected to be operative in the first quarter of 1998.

1997 - Hyderabad Industries Limited (HIL), launched aerocon panels, termed as an economic alternative to brick, wood and hollow blocks.

1998 - The company entered into a marketing alliance with the $ 1 billion Wilson art International of the US to offer Eurostone decorative surfacing material in the country.

1999 - The company has entered into agreements with thermal power stations in the country for procuring a substantial quantity of fly-ash regularly as the consumption of the plant would be around 90000 tonnes per annum.

2000 - The Company has entered into a technical collaboration with Geomeccanica of Italy, a CMV group company for the manufacture of Hydraulic Piling Rigs in India.

2004

-Appoints Mr. O.P.Jagetiya as a Director and Managing Director (MD) of the Company for a period of 3 years

-Shares delisted from Hyderabad Stock Exchange and Calcutta Stock Exchange.

2007

-Hyderabad Industries Ltd has appointed Shri.R.S.Garg as Company Secretary and entrusted the responsibility and functions of the Compliance Officer with effect from 31st January, 2007.

2009

- Hyderabad Industries Ltd has informed BSE that the Board of Directors of the Company at its meeting held on January 27, 2009, inter alia, has appointed Mr. Yash Paul, as an Additional Director of the Company to hold office up to the date of the next Annual General Meeting. Mr. Yash Paul is also nominated, as Member, on Audit Committee, Remuneration Committee and Investors Relation Committee of the Board.

2010

-Hyderabad Industries has commenced the commercial production of the new AAC Blocks manufacturing unit at Golan, near Surat, Gujarat.

-HIL buys fibre cement sheet facility in Punjab

2011

-Hyderabad Industries has successfully commissioned a 1.25 MW Suzlon Make Wind Turbine at location KD248, Village: Eragampatti, Taluk: Dharapuram District: Tirupurour, Tamilnadu

2012

-Hyderabad Industries has commenced commercial production of an additional line at its fiber cement sheets manufacturing plant at SIDA, Sathariya, Jaunpur Dist, Uttar Pradesh, with an installed capacity of 90,000MT/Annum.

-The name of the company has changed from "Hyderabad Industries Ltd" to "HIL Ltd".

-HIL received Design Wall ET ACETECH award 2012

-HIL received Manufacturing Today Awards 2012, for Excellence in operations.

2013 -HIL has recommended a final dividend @125% being an amount equivalent to Rs. 12.50/- per Share on the Equity Share of Rs. 10/- each.

2014 -HIL's Golan Plant won the 2nd runners-up award in the Excellence in Sustainability category at Manufacturing Today's Awards 2014. -HIL and Aerocon have won the prestigious Ethical Brand award, adding to HIL's stature as a Superbrand.

2015 -HIL Limited has started the commercial production of its AAC Blocks plant in Timarpur, Telangana. -HIL Ltd has "commenced commercial production of Coloured Steel sheets at its manufacturing facility in Wada, Maharashtra".

2017

-HIL - Commencement of Commercial Production of Dry Mix Plant at Jhajjar, Haryana.

-HIL commences production in Orissa plant.

2018

-HIL International GmbH, Germany has completed the acquisition of M/s. Parador Holdings GmbH, Germany after receiving all necessary regulatory approvals including anti-trust approvals from German Federal Republic.

-HIL Internationa has commenced the commercial production of its (Soil, Waste & Rain) Pipes and Pressure Pipes at its plant located at Faridabad, Haryana.

- Hil Has Been Conferred With India'S Best Company Of The Year, 2017 Award As Well As India'S Most Trusted Brand Of The Year, 2017 Award.

2019

-HIL - Commencement Of Production Of Cpvc, Upvc And SWR Pipes At Thimmapur Plant, Telangana.

-HIL - Commencement Of Final Phase Production Of Cpvc, Upvc And SWR Pipes And Fittings At Golan Plant, Gujarat.

-HIL Limited has been awarded as ??Great Place to Work-CertifiedTM for the year April 19 to March 20. Great Place to Work.

2020

-HIL - Resuming Of Production And Manufacturing Operations At Company'S Manufacturing Facilities.

-HIL - Commercialization Of New Putty Plant At Golan, Gujarat.

2021

-HIL - Commercialization Of Charminar Fortune Products At Faridabad Plant, Haryana.

-HIL - Odisha Government Approves Set Up Of Blocks, Panels & Boards Manufacturing Plant In Balasore,.