RATHI STEEL & POWER Share price

OUR HISTORY & BACKGROUND:BRIEF HISTORY OF THE ?RATHI GROUP?In the 1940s late Shri Gordhan Das Rathi and his two brothers viz. late Shri Kanhaiya Lal Rathi and late Shri Chhuttan Lal Rathi setup a Steel Rolling Mill in Delhi under the name and style 'Rathi Steel Rolling Mill". The sharing pattern in this mill was - 45% of Shri G.D. Rathi and 27½% each of Shri K.L. Rathi and Shri C.L. Rathi.Shri G.D. Rathi (Group-A) had six sons namely:1. Shri Prem Ratan Rathi (A.1)2. Shri Ram Chandra Rathi (A.2)3. Shri Punam Chand Rathi (A.3)4. Shri Kamlesh Kumar Rathi (A.4)5. Shri Arun Kumar Rathi (A.5)6. Shri Anil Rathi (A.6)Shri Kanhaiya Lal Rathi (Group-B) had only one son namely Shri Chand Ratan Rathi.Shri Chhuttan Lal Rathi (Group-C) also had only one son namely Shri Hari Kishan Rathi.In the late sixties/ early seventies Shri G.D. Rathi renounced his 45% share in Rathi Steel Rolling Mill in favour of his sons Shri Prem Ratan Rathi (9%) Shri Ram Chanrda Rathi (9%) Shri Punam Chand Rathi (9%) Shri Kamlesh Kumar Rathi (9%) Shri Arun Kumar Rathi (3%) Shri Anil Rathi (3%) and his wife Smt. Chautha Devi Rathi (3%).During those years (1970s) there was a division between the three brothers and the business activities of Rathi Steel Rolling Mill were divided into two parts - one part to Group-A (Shri G.D. Rathi and his sons) and the other part to Group B&C (Shri Kanhaiya Lal Rathi with his son Shri Chand Ratan Rathi and Shri Chhutan Lal Rathi with his son Shri Hari Kishan Rathi).Group-A formed their part as M/s G.D. Rathi Steels Pvt. Ltd. and Group-B&C joined together and formed their part as M/s K.L. Rathi Steel Ltd.Later on Group-A also established two more units at Ghaziabad namely:1. M/s Rathi Ispat Ltd (Mini Steel Plant) at Ghaziabad.2. M/s Rathi Udyog Ltd (Rolling Mill) at Ghaziabad.And Group B&C established M/s Rathi Alloys & Steel Ltd. at Ghaziabad and Alwar. However in around 1975 there was a division amongst them and Group-B took over the control of M/s Rathi Alloys & Steel Ltd. and Group-C took over M/s K.L. Rathi Steel Ltd.Major events in our history are given below:IMPORTANT MILESTONES:Date/Year Milestone December 17 1971 Company was incorporated.January 11 1972 Started installation of Rolling Mill plant at Ghaziabad. February 7 1973 Commercial production started.August 29 1973 Company entered the capital market with an equity issue of 380000 Equity Shares of Rs.10/- each.1976-77 Wire Rod Mill was setup.1977-78 Company came under Grade "A" of ISI1981-82 Term Loan was sanctioned by Pick up for rolling lower diameters of Wire Rods. 1982-83 Expansion program for rolling lower diameters of wire rod completed. 1983 Expanded the installed capacity from 25000 TPA to 95000 TPA 1985-86 Increase in the Paid up Capital via Rights Issue1989-90 * Bonus shares issued in the ratio of two Bonus shares for every five existing equity shares. * Company made a Rights Issue of Equity Shares which was over-subscribed * Company undertook expansion/diversification/ modernization program with the financial assistance of the IFCI.1992-93 Expansion/diversification/modernization program was completed. 1993-94 Company made a Rights Issue.1999-2000 Company obtained ISO Certification. ISO 9002 was granted for its quality products. December 2001 Start of production of TMT bars under "THERMEX" technology. March 2005 Expanded the installed capacity from 95000 TPA to 125000 TPA. April 2005 Installation of High Speed No Twist Block Mill for producing high quality wire rods. May 2005 * The Company Signed an MoU with the Government of Orissa for setting up an Integrated Steel Plant at Sambalpur District. * Company also appointed OSIL as a Technical Consultant to supply know-how basic engineering detail engineering and rendering services for training & commissioning assistance.November 2005 Installed Steel Melting Shop of 40000 TPA.Feb 2006 Commencement of Production of Alloys Steel/ Stainless Steel.