Grindwell Norton Ltd
NSE: GRINDWELL BSE: 506076
₹1662.40
(-0.14%)
Wed, 11 Mar 2026, 06:54 am
Market Cap183.68B
PE Ratio47.31
Dividend1.02
Process Industries
Industrial Specialties
24.5KCompany History
1950
- The Company was incorporated as a public limited company on 31st July, in the name of Grindwell Abrasives, Ltd.
1967
- The Company entered into a technical collaboration with Norton Co. of USA
1971
- The name of the Company was changed to Grindwell Norton Ltd.
1972
- The first silicon carbide plant was commissioned in Bangalore
1977
- Out of the shares issued till date, 14,000 shares were issued without payment in cash and 1,30,656 shares were issued as bonus shares
1979
- The second silicon carbide plant was commission at Tirupati in Andhra Pradesh
- The Company separated its manufacturing operations under two divisions, viz., the grinding wheel division and the abrasives materials division
1980
- The Government approved the Company's proposal to manufacture other coated products such as coated belts within the existing licensed capacity
- 1,39,916 bonus shares issued in prop. 3:5
1983
- The Company had in hand a licence to expand the installed capacity of super refractories from 150 tonnes to 1,000 tonnes per annum
- The Company had developed a profitable agency business representing foreign principals
- The Research & Development division of the Company developed high quality and performance abrasives and super refractories
- Equity shares of Rs 100 each subdivided into shares of Rs 10 each on 3.10.1983
1985
- The Company associated itself with Lincoln GmbH for developing markets for Centralised lubricating system
1986
- The range of coated abrasive products was expanded by the addition of silicon carbide water proof papers, rolls, emery cloth sheets, emery papers and other coated specialities
- With the assistance from Norton Company, the Industrial Ceremics division proposed to develop a market for industrial ceramics
1987
- As part of technology absorption and adaption programme, speciality resins and abrasive combinations were developed
- The Company's business made progress as planned and satisfactory progress was also achieved in the indeginisation programme
1988
- The Company was taking steps to strengthen its production base with additional capital expenditure
1989
- The centre carried out a company-wide `Benchmarking' project of Grindwell's product vis-a-vis domestic and international competitor's product
1990
- On 14th February, a new unit for silicon carbide plant Micogrits was commissioned
1991
- A number of new products were added to the industrial ceramics range
- The Company issued 59,410-17% redeemable debentures of Rs 100 each
- 1,50,000-18% redeemable debentures of Rs 100 each were issued on private placement basis with the UTI
1992
- The Abrasive material division's business was adversely affected by erratic power supply and hike in power tariffs
1993
- The New Jumbo coating plant was commissioned in March which comprises modern plants incorporating Norton technology
1995
- The Company has introduced several new and improved products and strengthened its market
- The Company is setting up a new focussed plant dedicated to the manufacture of specific products near Nagpur
1996
- Coated abrasive business was affected due to negative growth in the tannery and plywood segments
- The Company has issued 69,20,000 No. of equity shares of Rs 10 each as fully paid bonus shares in the proportion of 1:1
- 22,89,435 No. of equity shares of Rs 10 each at a prem. of Rs 238.75 per share allottred on preferential basis to Compaigne de Saint-Gobain
2001
- The shareholders of the Company has authorised the Board of Directors of the Company to sell the Fused Casts Refractories business to SEPR Refractories India Ltd
2002
- Signs a sale agreement with SEPR Refactories India Ltd
2003
- Sells its holding of 3450 equity shares of Rs.100 each representing 10% of the paid up capital of M./s Saint Gobain Diamant Winter Ltd
2005
- Grindwell Norton Ltd and Orient Abrasives Ltd has signed a Memorandum of Understanding
2006
- Grindwell Norton has given the Bonus in the Ratio of 1:1
- Company has splits its Face value of Shares from Rs 10 to Rs 5
- Registered Office of the Company has been shifted from Army & Navy Building, 148, M.G. Road, Mumbai - 400 001 to Leela Business Park, 5th Level, Andheri-Kurla Road, Marol, Andheri (East), Mumbai - 400 059
2007
- Mr. Joseph Andrew Jude Pereira has been appointed as an alternate director to Ms. M A Chupin
2009
- The Board of Directors has appointed Mr. A C Chakrabortti as the Chairman of Board
2010
- The Board of Directors, through Circular Resolution appointed Mr. Mikhil Malvinder Narang as additional director
2011
- Mr. Guillaurne Jean Philippe Texier was appointed as Additional Director of the Company
2012
- The Company had acquired industrial land in the state of Gujarat, for setting up a manufacturing facility for High Performance Refractory Business
2013
- The Company has recommended a dividend of Rs. 6.50/- per equity share of Rs. 5/- each
- The Board of Directors have appointed Mr. Deepak Chindarkar, Vice President - Finance & IT, as the Chief Financial Officer of the Company
2014
- The Company has recommended a dividend of Rs. 6.50/- per equity share of Rs. 5/- each
- The Company has appointed Mr. Benoit d'Iribarne as Alternate Director to Ms. M-A. Chupin
2016
- Grindwell Norton has allotted 5,53,60,000 ordinary equity shares as Bonus Shares to the Members of the Company entitled
2018
- Grindwell Norton Forays into Automotive Detailing Segment with the launch of Norton Car Spa in Indore
2021
- Grindwell Norton Limited Joint Venture With Shinagawa Refractories Co. Ltd, Japan, has successfully commenced its commercial operation of Tap hole clay refractory products for the steel industry
2024
- The Company executed Power Purchase Agreement and Share Subscription Agreement with Radiance MH Sunrise Thirteen Private Limited
Open Your Free Demat Account Now!
Facebook
Twitter
Instagram
LinkedIn
Youtube
Calculators
Popular Calculators
Group Stocks
Pocketful Fintech Capital Private Limited (CIN U65999DL2021PTC390548) | The SEBI Registration No. allotted to us is INZ000313732. NSE Member Code: 90326 | BSE Member Code: 6808 | MCX Member Code: 57120 DP | CDSL: 12099800