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HeidelbergCement India Ltd
NSE: HEIDELBERG BSE: 500292
₹157.66
(0.18%)
Sat, 30 May 2026, 05:59 pm
Market Cap35.71B
PE Ratio25.66
Dividend4.49
Non-Energy Minerals
Construction Materials
24.5KCompany History
1958
- Incorporated on May 13 at Bangalore for manufacturing cement, portland cement, alumina cement etc.
1960
- 250,000 shares subscribed by directors; 193,000 by Willys Overland Export Corpn.; 97,000 by Kaiser Engineers.
- 40,000 shares offered to overseas Corpn.; 150,000 by Mysore Govt.; 20,000 by New India Assurance Co. Ltd.
- 440,000 shares offered to public in April.
1970
- Reissued 251 forfeited equity shares.
1974
- Acquired mining lease for limestone deposits.
- Purchased second-hand power plant from Madhya Pradesh Electricity Board for 50% of Damoh requirements.
1977
- Redeemed 70,000 - 9.5% preference shares on June 29, 1978.
- Issued 70,000 - 11% preference shares.
1979
- Reclassified authorised capital.
- Issued 1,350,000 rights equity shares (prem. Rs. 2; prop. 3:4) in February 1980.
1981
- Increased dividend on 70,000 - 11% preference shares to 13.5% from November 6.
- Issued 30,000 - 13.5% preference shares as rights (prop. 1:105 equity); only 10,319 taken up.
1982
- 19,681 - 13.5% preference shares of 1981-82 issue taken up (redeemable 1994).
1983
- Received letter of intent to expand Damoh plant to 1 million tpa.
- Installed 6-stage pre-heater in kiln No. 2 for efficiency and fuel savings.
- Increased dividend rate.
- Forfeited 90 equity shares.
1984
- Issued 1,259,789 bonus shares (prop. 2:5).
- Allotted 4,06,118 shares to institutions on conversion of loans.
1985
- Production affected by power cuts and coal shortage; planned two 5 MW diesel generating sets.
- Issued 1,62,446 bonus shares (prop. 2:5) for shares allotted to institutions in 1984.
1986
- Faced margin pressure from rising input costs, declining cement prices, power cuts, and high diesel costs.
1987
- Undertook modernisation of Ammasandra plant.
- Planned new 400,000 tpa cement plant at Damoh.
- Received approval for grinding unit at Jhansi to raise capacity to 1.87 million tonnes.
- Issued 1,300,000 - 12.5% secured redeemable partly convertible debentures: to shareholders (rights, fully taken), employees (partially), NRIs (partially), public (fully), oversubscription allotted.
1988
- Redeemed 70,000 - 15% cumulative preference shares on September 12; scheduled remaining redemptions in 1994.
- 78,37,960 equity shares allotted on part conversion of debentures on March 31.
- Issued 64,07,893 rights equity shares (prop. 1:2) in July.
- Issued 3,37,257 equity shares to employees (only 1,800 taken up; unsubscribed lapsed).
- Redeemed 70,000 - 15% preference shares on September 12.
- Privately placed 1,50,000 - 14% preference CR shares with financial institutions on June 3.
1989
- Revalued fixed assets of Ammasandra and Damoh units as of March 31, 1990; credited surplus to revaluation reserve.
1990
- Received letter of intent for 1.4 MTPA cement plant in Raipur district, Madhya Pradesh.
1991
- Set up 500,000 tpa cement plant at Imlai, Damoh.
- Granted prospecting licence for limestone.
- Invested Rs. 216 lakhs in Malaysian oleochemicals project.
- Submitted proposal to IDBI for takeover of sick cement unit.
- Planned iron and steel project at Haldia; incorporated Birla Metals Ltd.
1992
- Planned 10 MW captive power plant.
- Developed new mining areas for limestone.
- Began exporting slag cement to Bangladesh from Damoh.
- Installed 1.4 MW DG set.
1993
- Issued 24,031,850 zero interest fully convertible debentures on rights basis (prop. 5:4), partially taken up.
- Issued 1,201,592 zero interest debentures to employees (partially taken up, unsubscribed lapsed).
- Issued 1,201,592 zero interest debentures to management/associate companies (fully taken up).
- Debentures convertible into equity shares at premium on February 1, 1994.
1994
- Obtained in-principle clearance from Karnataka Govt for 1.5 MTPA greenfield cement plant and captive power plant at Gulbarga.
- Issued 2,000,000 - 12.5% redeemable shares, redeemable in 1998-2000.
- Redeemed 15% preference shares.
- Allotted 251,742,58 equity shares on conversion of fully convertible debentures.
1995
- 1,50,000 - 14% redeemable cumulative preference shares redeemable at par on June 3.
- Redeemed 14% preference shares.
- Allotted 2,775,000 shares on conversion of warrants and 3,244 shares consequent to annulment of forfeiture.
1998
- Planned 15 MW thermal power plant at Damoh.
- Achieved aggregate capacity of 2.1 million tpa cement.
- Set up 22 MW power plant at Ammasandra, 16 MW at Narsingad, and 12 MW at Imlai.
- Proposed issuance of up to 8.325 million equity shares on private placement to Nesher and associates.
- Gujarat Ambuja Cements acquired stake in Mysore Cements.
- Planned issuance of 3.325 million additional equity shares to foreign institutional investors, overseas corporate bodies, and mutual funds.
1999
- Formed joint venture with Nesher Israel Cement Enterprises for 1.5 MTPA cement plant at Gulbarga.
- Nesher acquired 9% equity stake.
- Proposed offer of 3 million shares to private fund at Rs. 20 per share.
2000
- Allotted 930,000 equity shares to ICICI towards payment of dues.
2003
- Delisted equity shares from Madras Stock Exchange and Calcutta Stock Exchange.
- ICICI Bank withdrew nomination of K. Bharathan and nominated Satya Prasad as director.
2004
- Received confirmation of voluntary delisting of equity shares from Madras Stock Exchange.
2007
- Appointed S. Krishna Kumar, IAS (Retd.), as Additional Director.
- Appointed T.V. Ganesan as Head Legal & Company Secretary effective May 1.
2009
- Changed name from Mysore Cements Ltd to HeidelbergCement India Ltd.
2011
- Shifted registered office to 9th Floor, Tower C, Infinity Towers, DLF Cyber City, Phase II, Gurgaon, Haryana.
2013
- Commenced project at Jhansi, U.P.
- Initiated expansion project at Damoh, M.P.
2014
- Appointed Jamshed Naval Cooper as CEO & Managing Director.
2015
- Responded to clarification sought by the exchange.
2020
- Implemented debottlenecking projects to increase capacity of cement grinding plants.
- Received Golden Award for Safe Workplace Environment in cement sector.
2021
- Ranked 3rd fastest growing company by India Cement Review.
- Diamond Limestone Mines (Patharia) awarded for exemplary performance in Sustainable Development Framework.
2022
- Commissioned plant for alternate fuels at Narsingarh Clinker unit.
- Jhansi Plant won Gold Award in Cement sector under Apex India Occupational Health & Safety Award.
- Won Indian Chamber of Commerce 4th ICC Social Impact Award for Promoting Education.
2024
- Executed Share Purchase Agreement with Continuum MP Windfarm Development Pvt Ltd and Continuum Green Energy Pvt Ltd for sourcing hybrid power for Damoh plants.