International Combustion (India) Ltd
NSE: BSE: 505737
₹406
-4.65 (1.13%)
Fri, 23 Oct 2026, 11:03 am
Market Cap (in Cr)98.16
PE Ratio0
Dividend0.97
Producer Manufacturing
Trucks/Construction/Farm Machinery
24.5KInternational Combustion (India) Ltd Company History
1936
- The company was incorporated on 22nd April to manufacture grinding mills, vibratory screens and other equipment.
1989
- The company entered into a collaboration with Gummi Kuper GmbH of West Germany for manufacture of rubber and polyurethane screen decks and liners.
1990
- The company completed upgradation of electro magnetic feeders technology in collaboration with Carl Schenck AG of Germany and commenced commercial production.
- The foreign holder sold their stock to NRI Directors.
1992
- The company diversified into manufacturing gear boxes, geared motors and electrical motors with technical collaboration.
1993
- 7,20,206 15% Secured Redeemable Non-Convertible Debentures were allotted.
1994
- 7,09,458 equity shares were allotted to warrantholders who exercised their rights to equity entitlement.
1995
- The company entered into a new licence agreement with Mogensen GmbH & Co. Germany for manufacture of flip flop screens.
- Mr. S. Bagaria and Mr. A.K. Ghose retired by rotation and offered themselves for reappointment.
1996
- The company finalised an agreement with Uniroyal Chemical, U.S.A. for jointly developing the Indian market for polyurethane products.
1997
- The company developed a range of specialised and energy efficient material handling equipment.
- The company developed a state of art computerised motor test system.
1998
- The Bauer Division was awarded ISO 9002 certification for gear boxes and geared motors.
- Mr. S. Bagaria and Mr. R. L. Gaggar retired by rotation and offered themselves for reappointment.
1999
- The company introduced Mogensen Sizers and Girdle Pocket Elevators in the sugar industry.
- The operations of the Bayer Division, Aurangabad were suspended due to a strike by employees.
- Mr. S. Saha was appointed as a Wholetime Director of the company.
2000
- The company entered into an arrangement with Allagaiers of Germany for obtaining designs for manufacture and sale of dryers, coolers and granulators.
- Mr. S. Bagaria and Mr. R. L. Gaggar retired by rotation and offered themselves for reappointment.
- Debenture repayment schedules were rescheduled for certain debentureholders.
2011
- The company's Registered Office was shifted to Infinity Benchmark, 11th Floor, Plot No. G-1, Block EP & GP, Sector V, Salt Lake Electronics Complex, Kolkata.
2012
- The company recommended a dividend of 50% per equity share.
- The company entered into a Memorandum of Understanding with Allgaier Werke GmbH for a Joint Venture Company.
2013
- International Combustion India Ltd recommended a dividend of Rs. 5/- per equity share.
2014
- International Combustion India Ltd recommended a dividend of 15% per equity share.
