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Milestones 1979-1997


1979:
Late Shri K Ramachandra Raju – first generation entrepreneur established Nagarjuna Cements Ltd- the company and commenced business.


1982:
IPO of 11,10,000 equity shares

1984:
Commercial production of cement at 66,000 tonnes started

1985:
Declared 20% dividend (12% interim + 8% Final )

1987:
Changed the name from Nagarjuna Cements Ltd to NCL Industries Ltd

1989:
Merger of Klayman Porcelains Ltd and Issue of shares at 2:5 to KPL shareholders. Commencement of cement production after expansion to 1,98,000 TPA

1990:
Rights – cum – Public issue of equity shares

1992:
Issued shares on right basis 1:5 at Par Commencement of Ceramic Unit – using natural gas for first time in the country

1993:
Commercial production of Cement Bonded Particle Boards in technical collaboration with Bison Werke, Germany.

1996:
Prefab Division executes orders worth Rs.2148 Lacs

1997:
Introduction of Laminated Cement Bonded Particle Boards – first time in




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