Grindwell Norton Ltd
NSE: GRINDWELL BSE: 506076
₹1846.90
-30.60 (1.63%)
Sun, 25 Oct 2026, 04:00 pm
Market Cap (in Cr)20458.84
PE Ratio46.87
Dividend1.03
Process Industries
Industrial Specialties
24.5KGrindwell Norton Ltd Company 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
