Write the main steps of the establishment of Tata Iron and Steel Company (TISCO)
please Don't Copy Paste from google ........Its Ugent
Answers
Answer:
Company History - Tata Steel
1907
- The Tata Iron and Steel Company Limited was formed in 1907 at
Mumbai. The Company manufactures rails, fishplates, bars, light
structurals, heavy structurals, plates, black sheets, galvanised
sheets, tin bars, sleeper bars, sleepers, blooms, billets, sheet
bars, wheels, tyres and axles, skelp and strip, and special steels
tools such as picks, beaters, hammers and shovels and red-oxide, coal
tar, sulphate of ammonia, etc.
- Iron and steel are made by the open hearth, duplex electric and a
combination of these processes, and the steel is rolled into finished
products.
1917
- During the year 1,50,000 equity shares issued at par and 26,250
deferred shares issued at a premium of Rs.370 per share.
1919
- During the year 7,00,000 second pref. shares of Rs.100 each issued
at par. 6181 second pref. shares forfeited.
1954
- During the year, 8750 defd. shares of Rs.30 each converted into
292,500 equity shares of Rs.75 each. 642,500 bonus equity shares
issued in prop. 1:1.
1956
- During the year 12,85,000 right equity shares issued in prop.1:1,
and a premium of 30 per share.
1959
- 12,142 rights share subscribed for 11,524 bonus equity shares
allotted in prop. 1:1.
1960
- During the year 3,75,000 A IInd pref. & 6,18,372 equity shares
offered in prop. 1:2 & 1:5. (Arrears: 29,625.)
1961
- During the year 1,330 A, IInd pref. shares and 2,959 No. of equity
shares were subscribed for. Arrears Rs.840.
1967
Management History Background Location ListingForum (16)
Tata Steel Ltd | BSE 643.10 -0.45 (-0.07%) | |
BSE LIVE Jan 1, 16:00643.10 -0.45 (-0.07%)Volume 562,557
NSE LIVE Jan 1, 15:59643.10 -0.55 (-0.09%)Volume 8,411,396
Company History - Tata Steel
1907
- The Tata Iron and Steel Company Limited was formed in 1907 at
Mumbai. The Company manufactures rails, fishplates, bars, light
structurals, heavy structurals, plates, black sheets, galvanised
sheets, tin bars, sleeper bars, sleepers, blooms, billets, sheet
bars, wheels, tyres and axles, skelp and strip, and special steels
tools such as picks, beaters, hammers and shovels and red-oxide, coal
tar, sulphate of ammonia, etc.
- Iron and steel are made by the open hearth, duplex electric and a
combination of these processes, and the steel is rolled into finished
products.
1917
- During the year 1,50,000 equity shares issued at par and 26,250
deferred shares issued at a premium of Rs.370 per share.
1919
- During the year 7,00,000 second pref. shares of Rs.100 each issued
at par. 6181 second pref. shares forfeited.
1954
- During the year, 8750 defd. shares of Rs.30 each converted into
292,500 equity shares of Rs.75 each. 642,500 bonus equity shares
issued in prop. 1:1.
1956
- During the year 12,85,000 right equity shares issued in prop.1:1,
and a premium of 30 per share.
1959
- 12,142 rights share subscribed for 11,524 bonus equity shares
allotted in prop. 1:1.
1960
- During the year 3,75,000 A IInd pref. & 6,18,372 equity shares
offered in prop. 1:2 & 1:5. (Arrears: 29,625.)
1961
- During the year 1,330 A, IInd pref. shares and 2,959 No. of equity
shares were subscribed for. Arrears Rs.840.
1967
- In March 14,69,722 bonus equity shares issued in prop. 2:5.
Arrears Rs.136.
1973
- With effect from 1st April, the wholly owned subsidiary, West
Bokaro Ltd., was amalgamated with the company.
1980
- Tata Steel and ACC signed a long-term agreement, valid up to the
end of 1991, whereby the slag from the granulation plant could be
taken by ACC.
1982
- On 19th March, the company approved the proposal to convert the
company's irredeemable preference shares into redeemable
non-convertible bonds. The interest on bonds is payable with effect
from 1st April, 1983 at half-yearly rests. Thus bonds of face value
aggregating Rs 11.40 crores were issued under this scheme.
1983
- During the year Indian Tube Company Limited was amalgamated with
the company. After the amalgamation, the company produces a wide
range of tubes including seamless and welded quality tubes. The
company also makes agricultural implements and alloy steel baring
rings.
- As a measure of diversification, the Company agreed to purchase the
bearings manufacturing plant of Metal Box India, Ltd. at Kharagpur as
a going concern with effect from 1st October.
- During the same year, the company acquired the Barings Unit of the
Metal Box Company of India Limited and is today a leading
manufacturer of Ball and Tapered Roller Bearings with an annual
installed capacity of over 5 million bearings which is being further
augmented to 10
million bearings.
.
Explanation:
Add me as Brainliest