Andrew Yule & Company Ltd
Andrew Yule & Company Ltd Company History
Andrew Yule & Company AYCL is a nationalized enterprise in the business of both manufacturing and sale of Black Tea, Transformers, Industrial Fans, Tea Machinery, Turnkey jobs etc.
1998
Joint venture with Phoenix AG of Germany for the belting division has been further delayed as its bans want a part of the money received by Yule from the sale of a 74 per cent stake in the loss-making division
1998
1999
Phoenix AG of Germany has picked up 74 per cent stake in the belting division of Andrew Yule & Co an ailing public sector undertaking (PSU) for a consideration of around Rs 35 crore.
submitted a revival-cum-restructuring proposal for its engineering division to the Centre for its consideration.
1999
2000
Acepted and prematurely retired a few of its employees based on undated voluntary separation applications given by them.
2000
2001
Shri Arindom Mukherjee appointed as Chairman and Managing Director of the company
Offer Voluntary Retirement Scheme (VRS). Voluntary retirement scheme fails to achieve its objective as the management was not able to release union staff members, mainly clerks and workmen, who opted for the VRS at its head office
2001
2002
Approves issue and allotment of fresh 2,900,000 Equity Shares of Rs 10 each to the Central Government in the name of the President of India in conversion of the financial assistance of Rs 29,000,000 sanctioned and disbursed to the Company by the Central Government.
2002
2003
Board approves the issue & allotment of fresh 43,05,000 equity shares of Rs 10 each at par to the Central Government in the name of the President of India in conversion of the financial assistance of Rs 43.050 million sanctioned and disbursed to the company by the Central Government
2003
2004
Phoenix Yule receives 'Highest Export Award in the non-tyre segment
2004
2009
Andrew Yule & Company Limited has won the prestigious `SCOPE' Award for Excellence and Outstanding Contribution - Turnaround Category for 2008-09.
2009
2011
The Company has bagged the prestigious BRPSE Turnaround Award 2011
2011
2012
Andrew Yule & Co. Ltd. has won the prestigious MoU Excellence Award
2012
2014
FICCI West Bengal State Council in partnership with Public Health Engineering Department.
2014
2021
NCLT has issued order for merger of Hooghly Printing Co. Ltd. with its holding Company, Andrew Yule & Co. Ltd.
2021
