Milestone

 

 

Major events and milestones of our Company

The table below sets forth the key events and milestones in the history of our Company:

 
Calendar YearMilestone
1973Our Company was incorporated as a public limited company under the Companies Act, 1956. 
1976Our Company’s Equity Shares got listed on the Calcutta Stock Exchange.Set-up the first oxygen plant, in Kalyani, West Bengal.
2004Established the Company’s first air separation unit for manufacture of industrial gases (elemental gases, liquid or compressed air, acetylene refrigerant gases, and mixed industrial gases) in Uluberia, West Bengal.
2009Established the Company’s second air separation unit for manufacture of industrial gases (elemental gases, liquid or compressed air, acetylene refrigerant gases, and mixed industrial gases) in Parawada (Visakhapatnam), Andhra Pradesh.
2012Established the Company’s third air separation unit for manufacture of industrial gases (elemental gases, liquid or compressed air, acetylene refrigerant gases, and mixed industrial gases) in (Hyderabad) Jadcherla, Telangana.
2013Air Water Inc., acquired upto 51% of the subscribed and fully paid-up Equity Shares of the Company.
2017Achieved turnover of more than ₹ 1,000.00 million.
2018Commenced facility for cylinder filling station at Panagarh, West Bengal.Our Company was voluntarily delisted from the Calcutta Stock Exchange.
2019Entered into an agreement with a major steel manufacturing company in India, for leasing of equipment, for onsite production and pipeline supply of gases.
2020Secured a contract to build a plant in Bangladesh on an engineering, procurement, and construction basis.
2021Our Company became a 100% Indian company, through divestment of their entire shareholding by Air Water Inc., Japan to the promoters of our Company.
Entered into a pipeline supply agreement with Jairaj Ispat Limited for setting up the Company’s largest plant of 600 TPD capacity.
2022Achieved turnover of more than ₹ 2,000.00 million.
2023Entered into a contract with steel manufacturing company in India owned by the Government of India, for operation and maintenance of their oxygen plant with a capacity of 2500 TPD.