Kesoram Industries Ltd
NSE: KESORAMIND BSE: 502937
₹11.35
-0.26 (2.24%)
Thu, 22 Oct 2026, 06:09 pm
Market Cap (in Cr)362.52
PE Ratio0
Dividend0
Non-Energy Minerals
Construction Materials
24.5KKesoram Industries Ltd Company History
1919
- Incorporated at Calcutta for textiles, rayon yarn, cement, spun pipes, fire bricks.
1948
- Issued 1,600,000 equity shares 2:1.
1951
- Issued 800,000 bonus shares Rs 2.50 1:1; consolidated to Rs 15.
1954
- Issued 800,000 bonus shares 1:1; consolidated to Rs 10.
1956
- Offered 1 lakh 2nd pref shares; 10,000 taken up, balance public.
1961
- Name changed to Kesoram Industries & Cotton Mills Ltd Aug 30.
- Set up transparent paper plant Tribeni 3,600 tpa.
1965
- Leased refractory unit Kulti for 5 years.
1969
- Established Kesoram Cement Besantnagar 8.26 lakh tpa.
1980
- Cement production loss 37 days due to breakdown, cyclones, power crisis.
1982
- Labour lockout/strike resolved by Jul.
- MRTP clearance for Sedam cement 5 lakh tpa.
- Issued 21,00,000 13.5% convertible debentures and 6,00,000 15% NCDs.
1983
- Allotted 2,100,000 equity shares to convertible debenture holders Oct 1.
- Wholly-owned subsidiaries BGTI and KCIM Investment Ltd.
1984
- Cement production curtailed due to wagon shortage.
1985
- Issued Rs 65 cr 15% NCDs redeemable after 7 years at 5% premium.
- Textile strike/lockout Feb-May.
- Refractory lockout from Oct 18.
- Cement capacity derated to 8.26 lakh tpa.
1986
- Commissioned Vasavadatta Cement Sedam 5 lakh tpa.
- Name changed to Kesoram Industries Limited Jul 9.
- Restored refractory operations Apr 15.
1987
- Commissioned shaft kiln and balancing equipment.
- Commissioned two 4 MW DG sets.
1988
- No production due to strike/lockout lifted Nov 15 1989.
- Rayon plant strike/lockout 22 days.
- Spun pipe production suspended 78 days due to pig iron shortage.
- Commissioned 66 KV to 132 KV power upgrade.
1989
- Lifted lockout at rayon plant.
- Issued 22,72,727 12.5% fully convertible debentures Rs 25 cr.
1990
- Technical collaboration with Pirelli Ltd UK for tyres project at Balasore.
- Allotted 26,12,360 equity shares and preference shares on conversion/redemption.
1991
- Received letter of intent to double Vasavadatta Cement to 10 lakh tpa.
- Allotted 26,06,420 equity shares on 12.5% debenture conversion.
1992
- Installed second fluidised bed boiler.
- Rayon section lockout Apr 13 to Jul 2.
- Issued 16,68,004 16% partly convertible debentures on rights 1:10 and to employees.
1993
- Tyre unit leased to consortium run as Birla Tyres.
1994
- Initiated expansion of Vasavadatta Cement by 6.86 lakh tpa.
- Issued 50,05,171 17% NCDs with warrants on rights basis 1:4.
- Issued 17% NCDs to UTI and ICICI.
1995
- Issued 500,000 preference shares paid up Rs 59.
1996
- Textile unit received ISO 9002 from DNV Netherlands.
- Proposed spinning section modernisation.
- Issued 18,750,000 equity shares via Global Depository Receipts.
1997
- Clinker production Unit-I affected by fire in MCC panels.
- Received letter of intent for 1.5 lakh tpa sponge iron plant in Orissa.
1998
- Lockout at refractory unit Kulti from Mar 29 to Aug 27.
- Proposed restructuring of divisions.
1999
- Suspended textile division operations due to strike from Jan 5.
- Received ISO 9002 certification for corporate office and manufacturing units.
2000
- Proposed delisting from Delhi Stock Exchange.
- Proposed transfer of two properties to subsidiaries Akhileshwar Properties Ltd and Softshree Estates Ltd.
2001
- Proposed merger of subsidiary Bharat General & Textiles Ltd to enhance net worth by Rs 37 cr.
2002
- Raised 42 lakh shares under buyback.
- FITCH rated 'Ind D1+' for Rs 40 cr commercial paper.
- Bought 64.36 lakh shares from retail investors via buyback.
- Birla increased stake 0.91% to 23.68% as of Sep.
2003
- Appointed AXC Computers Pvt Ltd as share transfer agents.
- Discontinued equity share buyback scheme.
- Kolkata High Court approved amalgamation of KICM Investments Ltd.
- Promoters increased stake by 0.10%.
- Private corporate bodies holdings decreased 12% over two years.
- Recommended dividend Rs 2 per share.
2004
- Entered agreement Apr 3 to hive off refractory division on hire purchase basis.
- Acquired Assam Cotton Mills as 100% subsidiary.
2005
- Increased stake in Mangalam Timber.
2006
- Recommended dividend Rs 3.00 per share.
2007
- Started commercial production at Unit-III Vasavadatta Cement, Sedam, Karnataka.
2008
- Declared interim dividend Rs 2.25 per share.
2009
- Started commercial production of clinker.
- Declared interim dividend Rs 2.25 per share.
2010
- Declared interim dividend Rs 2.25 per share.
2011
- Installing small stationary packing unit.
- Appointed Shri K.C. Jain as Whole-time Director.
- Appointed Shri Gautam Ganguli as Company Secretary and Compliance Officer.
2012
- Entered joint venture with Maharashtra Seamless Ltd and Dhariwal Infrastructure Pvt Ltd for coal block in Maharashtra.
2013
- Recommended dividend Rs 1.00 per share for year ended Mar 31.
- Announced rights issue in ratio 7:5.
2014
- Appointed Mr. Amolak Preet Singh as Whole-Time Director effective Dec 1.
2021
- Issued rights shares of Rs 10 in ratio 133:274 at Rs 40 premium.
2024
- NCLT Kolkata sanctioned demerger of Cement Division.
