Chambal Fertilisers & Chemicals Ltd Company History

The Company was incorporated on 7th, May, as a public limited company

by the name of Aravali Fertilisers Limited with the immediate object of

setting up a gas based fertiliser plant at Sawai Madhopur. The

Certificate of Commencement of business was obtained on 18th July, 1985

from the Registrar of Companies, Rajasthan at Jaipur.

The Company had to change the project site to village Gadepan,

District Kota, Rajasthan following objections raised by Ministry of

Environment regarding proximity of the site to wild life sanctuary.

The name of the Company was changed to the Chambal Fertilisers and

Chemicals Ltd., on 12th January.

The Company is Promoted by Zuari Agro Chemicals Limited ("ZACL"), a

Goa based fertiliser Company which has been honoured five times in a

row for top ranking performance by the Fertiliser Association of India

(FAI). ZACL has also received the FAI award for environmental

protection in the year. ZACL commissioned their first Urea plant in

1973.

ZACL presently holds 2,80,00,000 Equity Shares of Rs.10 each and

3,00,000 CCP Shares of Rs.100 each in the subscribed and paid-up

capital of the Company.

The Company has entered into a technical collaboration agreement with

Snamprogetti S.p.a, Italy. Snamprogetti is a part of the public-sector

ENI group of companies in Italy.

The Equity shares of the aggregate value of Rs. 427814070 and

Cumulative Convertible Preference Shares of an aggregate value of Rs.

405967500 have been subscribed under promoters' category.

The Company has marketed 2,40,000 MT of Urea under the brand name

"UTTAM".

The Company has launched a market seeding programme during the year.

The Company came out with its maiden mega Public Issue aggregating to

Rs 424 crores.

The Company had issued 42,96,095 Cumulatve Convertible Preference

(CCP) shares of Rs.100 each which are to be converted into equity

shares at par at the end of 5th year from the various dates of

allotment. Out of the aforesaid CCP shares, 20,05,580 CCP shares

become due for conversion in September.

The company has commenced commercial production from 1st January.

Accordingly 20,05,580 CCP Shares of Rs. 100 each were converted on

22nd September 1994 into 2,00,55,800 No. of Equity Shares of Rs. 10

each at par and 2,04,910 CCP Shares of Rs. 100 each into 20,49,100

Equity Shares of Rs. 10 each at par on 1st March 1995. The Equity

Share Capital of the Company has thus increased to Rs. 346.14 crores

after the conversion of 22,10,490 CCP Shares.

The Company has introduced an innovative scheme under its "KISAN

SAHYOG YOJANA", to establish a two way communication channel with the

consumers through direct mail.

The Company is also exploring the possibility of setting up an

off-shore joint venture fertiliser project of a similar capacity in one

of the Gulf Countries where abundant natural gas is available.

10,98,225 CCP Shares of Rs. 100 each were converted into 1,09,82,250

Equity Shares of Rs. 10 each at par during the year. The Equity Share

Capital of the Company has thus increased to Rs. 357.13 crores after

the conversion of CCP Shares.

The Company proposes to undertake an expansion programme to double

the capacity of the fertiliser plant at Gadepan by installing another

1350 TPD Ammonia Plant with twin 1175 TPD Urea plant.

The Company has awarded the contract to Toyo Engineering Corporation,

Japan, Mitsui & Co Ltd, Japan and Toyo Engineering India Ltd., to set

up the second train at the same site.

The Company is a joint venture company in Morocco with Office

Cherifien Des Phosphates, a Moroccan Government Company, to set up a

plant at Jorf Lasfar to manufacture 3,30,000 tonnes per annum of P205

as merchant grade Phosphoric Acid.

The Company issued on 14th October 3,90,00,000 convertible warrants

of Rs. 10 each to its core promoters on the terms and conditions based

on SEBI guidelines.

The Company had entered into an agreement in August, with National

Securities Depository Limited to provide facility of electronic shares

through dematerialisation of physical scrips.

During the year, the remaining 2,36,420 CCP Shares of Rs. 100 each

were converted into 23,64,200 No. of Equity Shares of Rs. 10 each at

par. Equity Share Capital of the Company has thus increased to Rs. 367

crores after the conversion of CCP Shares.

The Company had promoted a Joint Venture Company named Indo Maroc

Phosphore S.A. in Morocco in collaboration with Office Cherifien Des

Phosphates (OCP), a Moroccan Government Company.

The Software Division of the Company named as `India Software Group'

(ISG) has been set up at Chennai to cater to domestic and international

software development business.

The Company allotted 390 lac equity shares of Rs. 10 each at a

premium of Rs. 1.63 per share on 12th April, on conversion of the above

warrants. The equity share capital of the Company has thus increased

to Rs. 406 crores.

The Company proposes to set up a Joint Venture Project in India in

collaboration with M/s. Technico Pty. Ltd.

The Company, during the year, became a partner with Birla Textile

Mills, Baddi, The Hindustan Times Limited, Texmaco Limited and Sutlej

Industries Limited w.e.f. 1st October.

The Phosphoric Acid plant of Indo Maroc Phosphore SA, the JVC set up

in Morocco to manufacture 330,000 MT of Phosphoric Acid per annum, went

into commercial production on 1st November.

The Company has allotted 2,50,00,000 - 9.4 per cent redeemable

non-convertible cumulative preference shares of Rs 10 each to housing

Development Finance Corporation Ltd. on 31st May.

Birla Home Finance Ltd, a wholly-owned subsidiary of Chambal

Fertilizers and Chemicals Ltd, part of the K.K. Birla group, has

launched its retail home finance operations.

The joint venture between Chambal Fertilisers and Chemicals Ltd,

belonging to the K K Birla group and Office Cherifien Des Phosphates of

Morocco to set up 330,000 MTA high-tech prosphoric acid plant in

Morocco is estimated to cost $228 million.

Birla Home Finance Ltd, a wholly-owned subsidiary of Chambal

Fertilizers and Chemicals Ltd, has entered into a 50:50 joint-venture

with BHW Holding AG of Germany.

The Company is setting up a Spinning Unit namely Birla Textile Mills

with an installed capacity of 26,400 spindles at Baddi, Distt. Solan,

Himachal Pradesh.

Chambal Agritech Limited, a 50:50 Joint Venture with Technico

Pty.Limited of Australia, is setting up a project in Himachal Pradesh,

India to manufacture annually 20.52 million miniature potato seeds

known as TECHNITUBER TM.

Chambal Fertilisers has developed a new website dedicated to the

Indian farmers.

Birla Home Finance, a 50:50 joint venture between Chambal Fertilisers

and BHW Holding AG, Germany, launched its Bangalore operations with an

array of home finance products.

The Company has issued 11.75% secured Non Convertible Debentures of

Rs 100 each aggregating to Rs 55 crores to LIC and UTI at par.

Chambal Fertilisers and Chemicals Ltd has informed BSE that the Board of Directors at its meeting held today (January 13, 2003) has appointed Mr Sunil Sethy as Joint Managing Director for a period of 5 years with effect from April 01, 2003.

CFCL has entered into various agreements with the concerned parties including Technico

pty Ltd Australia for acquisition of 51% equity stake in Technico Pty Ltd.

CFCL has decided to spin off its software division - India Software Group into a

separate entity.

CRISIL has assigned AAA (SO) rating to the issue of Non-Convertible Redeemable

debentures by the company amounting to Rs.61.75 crs on private placement basis.

Mr.D B Engineer and Mr. P.K Paul have resigned from the Board of Directors of the company.

Chambal Fertilisers has registered 1.8% drop in sales of its fertiliser and is earning

very less returns.

Board approved delisting of the company's equity shares from Jaipur, Delhi, Hyderabad & Calcutta Stock Exchanges.

Company has informed that The Hindustan Times Limited has acquired 1,41,957 (0.03%) shares.

2004- The company appoints Mr SK Poddar as Non-executive 'Co-Chairman'

Chambal Fertilisers & Chemicals Ltd has informed that the Company has signed Shipbuilding Contracts with Hyundai Heavy Industries Company Ltd.

Chambal Fertilisers & Chemicals Ltd has appointed Mr. Anil Kapoor as Managing Director of the Company and his appointment will become effective from February 16, 2007

Chambal Fertilisers & Chemicals Ltd has Certified IS0 9001:2008 by Det Norske Veritas (DNV)

West Central Railway Platinum Card Customer Award - Railway Freight Payment over Rs. 100 Crores.

Chambal Fertilisers & Chemicals Ltd has taken delivery of a new Aframax Tanker - Ratna Shalini (DWT 105,000 MT) from M/s. Hyundai Heavy Industries Co. Ltd.

Fertiliser Association of India - Best Technical Innovation.

Chambal Fertilisers & Chemicals Ltd has proposed demerger of the shipping division of the Company into India Steamship Limited, presently a wholly owned subsidiary of the Company.

Fertiliser Association of India - Runners Up Award for Best Performance among Nitrogenous Fertiliser Plants.

"Single Super Phosphate plant commissioned"Award at Gadepan.

Chambal Fertilisers & Chemicals Ltd has recommended a dividend of Rs. 1.90 per equity share of Rs. 10 each of the Company.

Chambal Fertilisers & Chemicals Ltd has informed about the details of employee benefit scheme involving dealings in secondary market.

Chambal Fertilisers & Chemicals Ltd has recommended a dividend of Rs. 1.90 per equity share of Rs. 10 each of the Company.

Chambal Fertilisers inks 9-yr deal with GAIL for gas purchase.