Major events and milestones of our Company
The table below sets forth the key events and milestones in the history of our Company:
Year | Milestone |
---|---|
1973 | Incorporated as a public limited company under the Companies Act, 1956. |
1976 | Listed on the Calcutta Stock Exchange; established the first oxygen plant in Kalyani, West Bengal. |
2004 | Established the first air separation unit in Uluberia, West Bengal. |
2009 | Established the second air separation unit in Parawada (Visakhapatnam), Andhra Pradesh. |
2012 | Established the third air separation unit in Jadcherla (Hyderabad), Telangana. |
2013 | Air Water Inc. acquired up to 51% of the company's equity shares. |
2017 | Achieved a turnover of more than ₹1,000 million. |
2018 | Opened a cylinder filling station in Panagarh, West Bengal; voluntarily delisted from the Calcutta Stock Exchange. |
2019 | Entered into an equipment leasing agreement with a major steel manufacturer for onsite gas production and pipeline supply. |
2020 | Secured a contract to build a plant in Bangladesh on an EPC basis. |
2021 | Became a 100% Indian-owned company after Air Water Inc. divested its shareholding to the company's promoters; entered into a pipeline supply agreement with Jairaj Ispat Limited to set up a 600 TPD capacity plant. |
2022 | Achieved a turnover of more than ₹2,000 million. |
2023 | Entered into a contract with a government-owned steel manufacturing company for the operation and maintenance of their 2,500 TPD oxygen plant. |