BURNPUR CEMENT Share price

Burnpur Cement Limited was incorporated on June 191986 as Ashoka Concrete and Allied Industries Private Limited.The company started their operation in cement industry in October1991 with a small plant of 30 TPD at Asansol to produce Portland Slag Cement (PSC). The nameof the company was changed to Burnpur Cement Private Limited on September 18 2001. The company was subsequently converted into a public limitedcompany and the name was changed to Burnpur Cement Limited in November 12 2001. Presently the plant is producing 1000 TPD cementand is a major producer in the eastern region.The Company is one of the few cement manufacturers of EasternIndia having its market presence in West Bengal Jharkhand and Bihar. The company intends to expand its network in OrissaMadhya Pradesh Uttaranchal Haryana and Delhi in the near future.The Company was initially engaged in trading activities.The Company started operations in the cement industry in October1991 with a small cement plant of 30 TPD in Asansol to producePortland Slag Cement conforming to IS 455:1989. The productionphase was ushered in with the commissioning of the Plant in October 1991. A slow and steady commissioning of other units ledto a gradual stepping up of production over the years. Expansionof facilities over the years has resulted in a capacity of 1000 TPD of cement making. The Company has earned brand recognitionfor consistent product quality customer satisfaction marketing network etc. For its consistent and continuous endeavors the companyhas received ISO-9001:2000 in 2004.The capacity of the grinding unit has not been optimally utilized due to non-availability of clinker.Considering the constraints inavailability of raw material (clinker) and also for planned expansionin the cement sector the company has decided to set up an 800 TPD expendable to 1600 TPD Clinkerisation and Cement grinding unit at Patratu Hazaribagh Jharkhand which is approximately3.0 km away from Patratu Thermal Power Station and about 10-15 kms from vast limestone deposits. The company has entered intoa Memorandum of Understanding with the Government ofJharkhand on March 23 2006 whereby the government has undertaken to extend assistance for promotion and establishment of the above project in the Industrial area of Jharkhand. Landmeasuring 60 Acres has already been allotted to the company byRanchi Industrial Area Development Authority Government of Jharkhandat Patratu Industrial area. The company has already applied for limestonemining rights to Government of Jharkhand on the 27th ofSeptember 2006 and the approval for the same is expected in due course.The Registered Office of the Company was shifted fromRadha NagarRoad Burnpur to 28 New Road Alipur Kolkata ? 700 027with effect from 1st August 1991. The registered office wasfurther shifted to Radhanagar Road P.O. : Burnpur (Asansol) Dist. :Burdwan with effect from 15th June 1995. The Registered office wasfurther shifted to its present address at Cement HouseSaradapally Ashok Nagar P.O. Asansol District: BurdwanWest Bengal ? 713304 with effect from 1st December 1995.Major Events in the History of the CompanyYEAR EVENTS1986 Incorporated as Ashoka Concrete and Allied Industries Pvt. Ltd. on June 19 1986 With one of the main objective of manufacturing of cement.1991 Started operations in the Cement Industry in October 1991 with a cement plant of 30 TDP.1996 Increased it Production Capacity from 30 TPD to 120 TPD2000 Increased it Production Capacity from 120 TPD to 400 TPD2001 On September 18 2001 the name of the Company was changed to Burnpur Cement Private Limited.On November 12 2001 it was converted to a Public Limited Company and the name was changed to Burnpur Cement Limited.2002 Certification of ISO : 90022002 Increased it Production Capacity from 400 TPD to 700 TPD2004 Certification of ISO:9001:20002004 Increased it Production Capacity from 700TPD to 1000 TPD2004 Declared interim dividend @ 5%2006 A Memorandum of Understanding with the Government of Jharkhand to set up an 800 TPD Clinker and Cement grinding unit at Hazaribagh Jharkhand with captive limestone mines.2006 Land measuring 60 Acres allotted by Ranchi Industrial Area Development Authority Government of Jharkhand at Patratu Industrial area.2007 Supply Contract between the Company & Thyssenkrupp Industries India Private Limited on 9th May 20072007 Common Rupee Loan Agreement between the company and State Bank of India asleader of the Consortium and other Consortium Bankers viz. Indian Overseas BankUnion Bank of India Bank of India State Bank of Hyderabad Canara Bank Indian Bank and Oriental Bank of Commerce on April 202007