- The Company was Incorporated on 25th August at Gwalior. TheCompany Manufacture viscose staple fibre carbon-di-sulphide sulphuric acid sodium sulphate rayon and cotton fabrics rayongrade pulp paper etc. The company also owns an engineeringworkshop.

1951

- 1 50 000 Right Pref. shares issued at par in prop. 3:1 24 50 000 Right Equity shares issued at par in prop. 49:1.

1953

- 1 33 000 Right equity share of 1951 subscribed. In October 10 lakh Rights equity shares issued at par (Prop. 5:6 Equity orPref.).

1956

- In September 1955 4 57 000 Right Equity shares issued at par(Prop. 1:2.50 equity and/or Pref.)

1959

- 50 000 Pref. shares issued at par in propn. 1:50 (Only 765shares taken up).

1963

- The Company purchased a cotton textile mill at Bhiwani(Punjab) with an installed capacity of 18 000 spindles and 286looms and named it as Bhiwani Textile Mills.

1967

- The Company applied to Government for permission to establisha polynosic fibre unit in Harihar (Karnataka) with a productioncapacity of 100 tonnes per day.

1968

- In December 5 00 000 bonus equity shares issued in propn.1:10.

1969

- In August 2 00 000 - 9.3% Pref. shares offered to public. InAugust 1970 11 00 000 bonus equity shares issued in propn. 1:5.

1971

- 765 `B' Pref. and 1725 `A' Pref. shares redeemed on 31.3.1972.

1974

- The Company received a letter of intent for setting up apolynosic fibre unit at Harihar (Karnataka) with a productioncapacity of 100 TPD.

- The Company revalued the machinery and equipment of its staplefibre and pulp units. The Company again revalued the majoritems of plant and machinery installed in its staple fibre andpulp division as on 1st April 1980. The value of the assets ofthe Company's caustic soda plant and new power plants situatedat Birlanagram Nagda were revalued as on 1st April 1985.

- 39 60 000 Bonus equity shares were issued in prop. 3:5.

1976

- 52 80 000 Bonus Equity shares issued in the prop. 1:2.

1979

- The Company participated in a joint venture project in Biharfor the manufacture of 33 000 tonnes of caustic soda per annum.For this purpose a new Company under the name and style BiharCaustic & Chemicals Ltd. was formed. - 20 00 000 No. of Equity Shares issued (Prem. Rs 25 per share)1 00 000 shares reserved and allotted to employees; 3 64 918shares allotted as Rights to shareholders who were individualsin prop. 3:25 and 15 35 082 shares offered to public.

1980

- The Company joined as co-promoter with Tamil Nadu IndustrialDevelopment Corporation Ltd. for setting up an aluminiumfluoride manufacturing plant in Ramnad a backward district inTamil Nadu. For this purpose a new company under the name andstyle Tamil Nadu Fluorine & Allied Chemicals Ltd. wasincorporated.

- The Company entered into a collaboration agreement with theState Industrial and investment Corporation of Maharashtra(SICOM) for setting up a gas-based sponge iron project with acapacity of 4 lakh tonnes per annum.

1982

- The Company issued 18 75 000-13 1/2% convertible bonds of theface value of Rs 160 each for an aggregate amount of Rs 30crores. Rs. 40 out of each bond is convertible into 2 equityshares of Rs 10 each at a premium of Rs 10 per share on 1stApril 1983. The balance of Rs 120 per bond will be repayable atpar in 5 equal annual instalments commencing from the 8th yearfrom the date of allotment.

1984

- The Company received a letter of intent for the manufacture ofstable bleaching powder with an annual capacity of 10 000 tonnesto be implemented in two phases of 5 000 tonnes per annum each.

1985

- A collaboration agreement was entered into with LVD CompanyN.V. Belgium for the manufacture of sophisticated balers forthe man-made fibre industry.

- The Company joined as one of the co-promoters in Indo-GulfFertilisers and Chemicals Corporation Ltd. (INDOGULF) whichset up a project for the manufacture of 1 350 tonnes per day ofammonia and 2 200 tonnes per day of urea at Jagdishpur UttarPradesh.

1986

- The Company entered into collaboration agreement with Nevmagof W. Germany for the manufacture of a wide range of equipmentsfrom spinning down to cutter for polyester polyamide polypropylene and acryulic fibre machineries. The Company alsoexplored the possibilities for entering into collaboration forthe manufacture of specialised equipment for petrochemical andother chemical industries.

- Stable bleaching powder (SBP) was marketed under the brandname "Vikram SBP" and a beginning was also made in the exportsmarket.

- The name of the Company was changed from Gwalior Rayond SilkMfg. (Wvg.) Co. Ltd. to the present one with effect from 22ndJuly.

1987

- The plant continued to remain closed. The strike by workmensince 7th July 1985 was called off consequent to a conciliationagreement arrived at on 27th October 1988 and resumedproduction on 29th June 1989.

- A letter of Intent was received to install 5 000 worstedspindles at Malanpur in Bhind District a backward A class area.The licensed capacity of caustic soda plant was re-endorsed at90 000 tonnes per annum.

- The Company proposed to participate in the Mangalore Refineryand Petrochemicals Ltd. a joint venture formed by Indian Rayon& Industries Ltd. Hindustan Petroleum Corporation Ltd. to theextent of 12% in the equity capital of the Company. This jointventure was to have a capacity of 3 million tonnes per annum apetrochemical complex to produce a minimum of 2 50 000 tonnesper annum of ethylene.

- A letter of intent was received to set up a gas-based spongeiron project with an installed capacity of 6 lakh tonnes perannum in the Raigad District of Maharashtra.

- Approval from Government was received for setting up a projectfor the manufacture of colour T.V. glass shells in foreigntechnical collaboration with the Asahi Glass Company Ltd. Japan.

- Kerala Spinners Ltd. Gwalior Properties & Estates Ltd.(GPEL) and Seshasayee Properties Ltd. (SPL) are the subsidiariesof the Company. During the year Turquoise Investments &Finance Ltd. and Trapti Trading & Investments Ltd. becamesubsidiaries of GPEL and SPL respectively.

- The Company allotted 60 00 000 - 14% non-convertible secureddebentures (VI series) of Rs 100 each. These debentures areredeemable at a premium of 5% of face value in three annualinstalments commencing from 8.12.1994.

1988

- The Engineering Division entered into a technical agreementwith Thai Acrylic Fibres Ltd. for providing technical know-how.M/s. Andhra Pradesh Rayons entered into a technicalcollaboration agreement with the Company for the supply of 45tonne/day viscose staple fibre plant on a turnkey basis valuedat Rs 38 crores.

- The Company introduced successfully during the year Grasim"MASTERWEAR" readymade shirts and trousers.

- Steps were initiated to set up the poly aluminium chloride andthe chlorosulphonic acid projects. The Poly Aluminium Chloride(PAC) project was commissioned in the 3rd quarter of 1990. TheCommissioning of the Chlorosulphoric Acid project was delayedbecause of a strike in the supplier's plant which resulted inthe delayed delivery of plant and machinery.

- It was proposed to set up a hydrogen peroxide project with aninstalled capacity of 6 000 tonnes per annum at Nagda incollaboration with a renowned company of U.S.A.

- During December the Company offered 92 85 714 - 12.5% securedredeemable partly convertible debentures of Rs 70 each for cashat par of which the following were reserved for allotment on apreferential basis:

- (i) 71 42 857 debentures to the equity shareholders of theCompany in the proportion 7 deb: 40 equity shares and

- (ii) 4 64 286 debentures to employees (including Indianworking directors)/workers of the Company on an equitable basis.The remaining 16 78 571 debentures along with the unsubscribedportion if any from the preferential quota were to be offeredto the public. Additional 13 92 857 debentures allotted toretain oversubscription.

- The convertible portion of Rs 35 out of the face value of eachdebenture was converted into one equity share of Rs 10 each at apremium of Rs 25 per share on 31st March 1989. Thenon-convertible portion of Rs 35 out of each debenture was to beredeemed at par in three annual instalments of Rs 10 Rs 10 andRs 15 on the expiry of 7th 8th and 9th years respectively fromthe date of allotment of debentures.

1989

- The cotton textile mill unit's working was affected byprotracted labour unrest and strike by workmen.

- The Company issued 115 00 000-14% secured redeemablenon-convertible debentures of Rs 100/- each (VIIth Series) onrights basis to resident Indian equity shareholders in theratio of 245 debentures for every 1000 equity shares held.Additional 15 74 982 debentures were allotted to retain oversubscription. As per the terms the entire amount of Rs 100/-will be redeemed in three equal annual instalments beginning atthe end of 6th year from the allotment date with a premium of Rs5/- per debenture.

- During September the Company issued 1 04 16 666-12.5% securedredeemable partly convertible debentures (IInd Series) of Rs120/- each to the existing equity shareholders in the ratio of21 debentures for every 100 equity share held. All were takenup. Additional 15 62 500 debentures issued to retainoversubscription. 5 20 834 debentures were also offered toemployees/workers of the Company but only 61 940 debentures weretaken up. The balance of 4 58 894 debentures were allowed tolapse.

- As per the term of issue Rs 60 of each debenture wasconverted into one equity share of Rs 10 each at a premium of Rs50 per share at the end of six months from the allotment date i.e. on 1.6.1990. The balance Rs 60/- of each debenture was tobe redeemed at par in three equal annual instalments of Rs 20/-each at the end of 7th 8th and 9th years from the allotmentdate. This issue was made to part finance the sponge ironproject.

1990

- The Company received two letters of intent for setting up newgreen field site portland cement plants each having an annualcapacity of one million tonnes-one in Baloda Bazar Dist. Raipur(M.P.) and the other at Shambhupura Dist. Chittorgarh(Rajasthan).

- The Company issued 1 30 00 000-14% secured redeemablenon-convertible debentures of Rs 100/- each (IXth Series) and25 00 000-14% secured redeemable non-convertible debentures ofRs. 100/- each (VIIIth Series) to finance new cement plant atRaipur (M.P.).

1991

- The Engineering division undertook to manufacture equipmentsfor dairy and sponge iron plants. It also manufactured andsupplied the state of the art technology lift-box design balingpress with autorotation and auto-bale weighing device. It alsoexplored the possibility of supplying know-how and consultancyservices along with plant and machinery to existing andpotential manufacturers of rayon - both fibre and filament inChina.

- The working of the mill was affected to some extent by labourproblem leading to a forced lock-out in the spinning sectionsince February 17th 1992 and resumed to work with effect from10th October. - The Company issued and allotted 15 00 000-14% non-convertibledebentures (XI Series) of Rs 100 each. These are redeemable inthree instalments commencing from 26th March 1997. The Companyissued and allotted 155 00 000-18% non-convertible debentures ofRs 100 each (X Series) redeemable in three annual instalmentsCommencing from 18th October 1997.

1992

- An aggregate of 6 933 745 GDS were offered at an initial priceof US $12.98 per GDS by managers concurrently to (i) qualifiedinstitutional buyers (UIBs) in the USA and (ii) persons inoffshore transactions.

- The Company proposed to issue Euro equity to the tune of UA$100 million to investors abroad. The Company proposed to issueanother Euro equity to the tune of US $125 million.

1994

- The cotton textile mill unit undertook to set up a new unit"Elegant Spinners" with 14 000 spindles. - The Company issued the following debentures on privateplacement basis: (i) 160 00 000-16.5% (xiii Series) redeemablein 3 instalments commencing from 11.7.2000 (ii) 70 00 000-15%debentures redeemable in 3 annual instalments commencing from19.1.2001.

1995

- A new range of fabric under the brand name ADONIS wasintroduced.

- Birla Capital International AMC Ltd. an asset managementCompany was set up as a joint venture with Capital GroupInternational Inc. a major US based investment managementorganisation. The Unit launched Birla Advantage Fund inFebruary.

- The Company undertook to set up joint venture power projectsto be set up in U.P. & M.P. These are to be set up inCollaboration with Powergen Plc. U.K. for Rosa power project of1000 MW and Bina Power project of 1000 MW detailed technoeconomic study was undertaken.

- The Company undertook to set up a joint venture AlexandriaCarbon Black Co. in Egypt to produce 20 000 tpa of Carbon blackat full capacity with an equity participation of an approximatevalue of US $ 2.25 million i.e. Rs 7.10 crores representing 15%of the total equity capital.

1996

- A new synthetic denim with an universal blend of polyster viscose cotton was launched under the brand name SUMO.

1997

- The Cotton textile division launched a novel denim brand`Jusilk' using a blend of polyester and jute along with aunique water repellent denim.

- In order to establish its own viscose fibre spinningfacilities the Company entered into a leave and licenceagreement with Eastern Spinning Mills & Industries Ltd. Calcutta for running its spinning unit for a period of 3 yearsfrom 27th July 1984. This spinning unit had an installedcapacity of about 25 000 spindles.

- A new division Vikram Premium RMC was formed for productionof Ready Mixed Concrete. The Company applied for an industriallicence to set up a gas-based fertiliser plant for themanufacture of 4.5 lakh tonnes of ammonia and 7.5 lakh tonnes ofurea per annum in U.P.

- The flagship company of the Aditya Birla group Grasim issetting up yet another plant to manufacture rayon grade pulp.

- Grasim Industries Ltd. a flagship company of the Aditya BirlaGroup has reached final stages of negotiation with theRajasthan Government for setting up 200 TPD rayon grade pulpplant at Amarpura about 100 km from Bikaner.

- Grasim Industries Ltd. has signed an agreement with NationalSecurities Depository Ltd. (NSDL) and MCS Ltd. to dematerialiseits shares. Grasim has its in-house share department.

- The company is setting up a new plant in Pondicherry for theproduction of radial tyres.

1998

- Grasim Industries Limited (GIL) has claimed to have developeda synthetic suiting for the first time in the country.

- Vikram Ispat a unit of Grasim Industries and a part of theAditya Birla group has bagged Maharashtra Government's exportaward for highest export of hot briquetted iron (HBI) which isan integral ingredient of the steel sector.

- Shareholders of Indian Rayon Ltd. will get three shares ofGrasim Ltd. for every ten shares held as a part of the cementbusiness restructuring by the A.V. Birla group.

- Vikram Cement a unit of Grasim Industries Mandasaur has wonthe IMC's Ramakrishna Bajaj National Quality Award Trophy andHindustan Lever's unit at Chindwara has bagged its certificateof merit for 1998.

1999

- Grasim Industries Ltd. has suspended production at its pulpand staple fibre units located at Mavoor Kerala for want of rawmaterial.

2000

- Grasim Industries Ltd the Aditya Birla group company haslaunched market-seeding for its new micro grade viscose staplefibre - Grasi Soft.

- Grasim Industries Ltd. proposes to merge its wholly ownedsubsidiary Dharani Cements Ltd. with the company.

- The Company has hived off the Software Division called BirlaConsultancy and Software Services into a separate subsidiary.

- The Company has launched Kool Wool a polyester viscoseblended suiting fabric under the Graviera Suiting umbrellaname.

2001

- The Textiles division of Grasim Industries Ltd. has introduceda trouser fabric Aquasoft.

- Dharani Cements Limited a wholly owned subsidiary of thecompany has been amalgamated with the Company under the Schemeof Arrangement in terms of section 391/394 of the Companies Act1956 effective from 1st November 2000.

- The Company has transferred its Software Division to itswholly owned subsidiary company Birla Technologies Limited effective 1st February.

2002

- Birla Technologies ceases to be subsidiary of Grasim Industries

-Grasim Pantaloon in technical tie up to manfacture Viscose Staple Fibre (VSF)

-Grasim L&T set up joint task force for logistics promotion and procurement of raw materials

-Acquires additional 2.84% stake of L&T increases the stake to 12.89%

-Stops production at Staple Fibre Plant located at Nagda due to water shortage

-Restarts production at Staple Fibre Plant located at Nagda

- Grasim Industries hikes its holding further in Larsen & Toubro (L&T) which stands at 13 per cent as on June 30

-Approves sale of equity shares in Mangalore Refineries to ONGC

-Mops up Rs 50cr through inverse floater

-Acquires 1.26 lac shares of Larsen & Toubro takes its stake to 14.15%

-Increases its stake in L&T to 15.15 per cent

-SEBI asks Grasim to put on hold L&T open offer

-Sends legal notice challenging Larsen & Toubro's attempt to demerge the cement business into a separate company

2003

-Puts forward alternate proposal for L&T cement demerger

-Agrees to pay Rs 130 per share for acquiring the cement company formed by splitting engineering and construction major Larsen & Toubro

-Acquires L&T's cement business

-SEBI clears the hurdle allows Grasim to make open offer for L&T

-Enhances L&T open offer size by 10.49 lakh shares

-Delists from Bangalore Stock Exchange

-Grasim's open offer for L&T pie fetches poor response grabs only 2% through open offer

-Grasim mops-up $50-ml loan from SBI

-Revises open offer price for L&T cement division to Rs 170 per share from Rs 130 per share

-Resumes operations at Nagda plant

-Divests its holding in Indo Gulf Fertilisers Ltd (IGFL) holding in the company comes down from 12.6% to nil

- Re issuance of GDR

-Appointed Shri Y P Gupta as an Additional Director.

-Delisted the shares of the Company from its Stock Exchange.

-Shri Shailendra K Jain has been reappointed as the Whole Time Director of the Company for a period of 3 years wef December 1 2003.

2004

-Acquires majority stake in Ultra Tech CemCo Ltd (Ultra Tech) the demerged Cement business of L&T

-AV Birla Group flagship Grasim Industries' textile and apparel unit has launched 'Venetia' range of fabric with the promise of delivering international class suite-length at an 'affordable' Rs 5 000

-Grasim Industries signs an agreement with ST Telemedia & TM International to acquire stake in Idea Cellular

-Delist from the Madhya Pradesh Stock Exchange (MSE) with effect from December 13 2004

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