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DCW Ltd

NSE: DCW BSE: 500117

₹47.48

(-2.14%)

Tue, 03 Mar 2026, 10:46 am

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Company History

1939

  • The Company was incorporated at Dhrangadhra (Gujarat State).
  • The Company started manufacturing soda ash and other salts.

1972

  • Authorised capital was increased.
  • 54,180 Bonus Equity shares were issued in prop. 1:3.

1977

  • Div. on 12,957-7.8% Pref. shares was raised to 11% from 13.8.1976 and made redeemable in 5 equal instalments starting from 13.8.1987.
  • 2,592 Pref. shares were redeemed.

1978

  • 2,592-11% Pref. shares were redeemed in 1978-79.
  • 2,591-11% Pref. shares were redeemed in 1979-80.
  • 2,591-11% Pref. shares were redeemed in 1980-81.

1980

  • Plastic Resins and Chemicals, Ltd. (PRCLTD) was amalgamated with the Company.
  • Pantape Magnetics, Ltd. (PML) became a sick unit and was referred to the Appellate Authority for Industrial & Financial Reconstruction (AAIFR).
  • The ICICI proposed a scheme of amalgamation between the Company and PML.

1985

  • 56-15% Pref. shares and 91 No. of equity shares were issued without payment in cash to the members of PRC, Ltd. on its merger.

1986

  • Equity shares were sub-divided in Mar.
  • 4,69,730 rights equity shares of Rs 10 each were issued.
  • Additional 1,17,432 shares were allotted to retain oversubscription.
  • 23,486 shares were offered to employees.

1987

  • The caustic soda division was affected by severe power cut and fluctuations in voltage in Tamil Nadu.
  • The Company undertook a feasibility study to manufacture VCM through alcohol route.
  • Necessary approvals were obtained to manufacture electronic components, PVC and plastic based products.
  • The Company's R&D division at Sahupuram undertook activities such as higher purification of limenite ore and standardising the bleaching parameter to make premium grade synthetic rutile.
  • The Company issued 14% - secured non-convertible debentures of Rs 250 lakhs to UTI, LIC, GIC and its subsidiaries on private placement basis.
  • The name of the Company was changed from Dhrangadhra Chemical Works, Ltd. to DCW Ltd.
  • 29,43,362 bonus equity shares were issued in prop. 1:1 and were allotted on 1.11.1988.

1989

  • The company privately placed with financial institution and banks 4,15,000-14% debentures of Rs 100/- each.
  • The Company acquired the entire shareholding of 20,00,000 No. of equity shares of Rs 10/- each in DCW Home Products, Ltd. (DHPL).

1990

  • The second boiler was commissioned.
  • The PVC plant was modernised by installation of additional stainless steel reactors and a modern energy efficient drier.
  • The Company issued debentures aggregating Rs 3.50 crores on private placement basis with financial institutions.
  • 35,32,035 bonus equity shares were issued in prop. 3:5 in December.

1991

  • A new infusion plant was installed and commissioned as a part of modernisation programme undertaken at the caustic soda unit.
  • Modernisation of the Beneficiated limenite unit was undertaken to enhance the unit's capacity from 15,000 TPA to 25,000 TPA.
  • A new fluid bed drier was installed and commissioned at the PVC division.
  • Approvals were received for the promotion of a new company by the name of DCW Finance, Ltd.
  • 53,33,310 No. of equity shares were issued in part conversion of 16.5% Debentures.

1992

  • The Company offered 22,22,222-16.5% partly convertible debentures of Rs 135 each on Rights basis.
  • Additional 3,33,323 debentures were allotted to retain oversubscription.
  • 1,11,110-16.5% debentures were issued to employees on an equitable basis.
  • Rs 90 of the face value of each debenture was to be converted into two equity shares of Rs 10 each at a premium of Rs 35 per share.
  • The Company undertook a project for the manufacture of 75,000 tonnes per annum of whole wheat flour at MIDC, Taloja, Maharashtra.

1994

  • The Company proposed to build a minor port next to Caustic Soda division in Tamilnadu.
  • DCW Power Corporation Ltd. entered into a MOU with govt. of Madhya Pradesh and the Madhya Pradesh Electricity Board for setting up a 120 MW Internal Combustion residual oil fixed power generating plant.
  • 92,25,000 shares were allotted against GDR.
  • 49,17,360 shares were allotted as rights.

1995

  • The Company proposed to increase the PVC plant capacity from 60,000 tonnes to 1,00,000 tonnes per annum.
  • The first generator of 6MW was commissioned.
  • Two more generation of 6MW each were commissioned and one more was commissioned in April.
  • Two wind mills of 250 KW was installed each at Poolavadi, Tamilnadu.
  • The Company proposed to set up a commercial plant for manufacturing Yellow Iron Oxide and an Acid Regeneration plant.

1996

  • The Company undertook to set up facility at its factory in Sahupuram, Tamil Nadu for recovery ferrite grade iron oxide from effluent of the beneficiated limenite plant.
  • The Company proposed to manufacture soft ferriates depending on the quality of iron oxide.
  • The Company proposed to concentrate its efforts on its core business activity.
  • The Company proposed to transfer its business centre activity to a new company viz. DCW Estates Pvt. Ltd.

1999

  • The Company's performance was adversely affected due to the continuing global demand recession and generally adverse market conditions.

2000

  • The Company issued 57,78,886 No. of equity shares of Rs.10/- each for cash at par.
  • The Company entered into a strategic alliance with Hindustan Lever for manufacture of detergents/detergent intermediates.

2002

  • Shri T S Ravikumar, Director and Secretary of the company, resigned from the service of the company.
  • Shri C V Subramanian joined the services of the company as Chief Financial Officer.

2004

  • DCW sold Equity Shares of the Company.

2005

  • The Company split its Face value of Shares from Rs 10 to Rs 2.

2007

  • The Caustic Soda Plant was converted to Membrane Cell process from Mercury process.

2008

  • DCW commissioned a 2x25MW Coal based Power Plant.

2009

  • DCW received the 'National Energy Management Award' from CII to certify that DCW is an Excellent Energy Efficient Unit.
  • DCW commissioned an 8.27MW Power plant using surplus steam.

2010

  • DCW received the 'National Energy Management Award' from CII to certify that DCW is an Excellent Energy Efficient Unit.
  • DCW received the 'National Energy Management Award' from CII to certify that the project implemented by DCW is an Innovation Project.
  • DCW was awarded Best Managed Chlor-Alkali Plant by Alkali Manufacturers' Association of India.
  • DCW Limited entered into a Technical License and Support Agreement with Rockwood Italia (Italy).
  • DCW entered into a Technical License Agreement with Arkema, France.

2012

  • Mr. D. Ganapathy was appointed as an Additional Director.

2013

  • DCW Ltd recommended payment of 18% dividend i.e. Re. 0.36 per Equity shares of Rs. 2 each.
  • Mr. Salil Kapoor was appointed as an Additional Director of the Company.

2014

  • DCW Ltd recommended payment of 18% Dividend i.e. Re. 0.36 per Equity Shares of Rs. 2 each.

2015

  • Chemical manufacturer DCW Ltd started commercial production of synthetic iron oxide pigments.

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