|
|
||
|
||||||||||||
 |
Baron Ludovic Toeplitz lands in Goa. With the financial backing
of an enterprising Italian, Alessandro, he acquires the Orosso Dongor
Mining Concession in North Goa and starts a Company called Scambi
Economici S.A. Goa. |
|||||||||||
|
The Company renamed Sesa Goa Limitada is bought over jointly by
Gewerkeshaft Exploration e Bergbau represented by Eugene Plotzki
and by Ferromin S.p.A. of Italy ( a subsidiary of Finsider S.p.A.
of the IRI Group) represented by Paolo Tradardi, both parties having
equal shareholding. |
|||||||||||
 |
Another
company started in Goa, Mingoa Sociedade Minieral Goesa S.a.r.l.
is incorporated with Fiat of Torino as the principal shareholder.
|
|||||||||||
 |
Finsider
S.p.A. acquires the West German interest in Sesa Goa Limitada and
also all the shares of Mingoa. |
|||||||||||
 |
Sesa
Goa and Mingoa are incorporated as Private Limited Companies under
the Indian Companies Act 1956. |
|||||||||||
 |
A
single Company, Sesa Goa Private Limited, is formed with amalgamation
of Sesa Goa and Mingoa fully owned by Finsider S.p.A. |
|||||||||||
 |
Sesa
Goa goes public with 42,000 Indian shareholders holding 60% of its
shares and the remaining 40% held by Finsider International (later
became ILVA INTERNATIONAL). |
|||||||||||
 |
Sesa
Goa starts a barge construction unit at Sirsaim which has since
developed into the Shipbuilding Division. |
|||||||||||
 |
Sesa Goa enters into a technical collaboration with Vaagen Verft, Norway, to manufacture fishing trawlers. | |||||||||||
 |
Sesa
Seat Information Systems Ltd., is started with 60% equity held by
Sesa Goa Ltd. and 40% by STET S.p.A. of IRI Group of Italy. |
|||||||||||
 |
First
phase of 150,000 tons per yer Pig Iron Plant is commissioned and
manufacture of low phosphorous foundry grade pig iron starts. |
|||||||||||
 |
ILVA
INTERNATIONAL raises its equity in Sesa Goa to 51%. Sesa Goa reduces
its equity in SESA SEAT to 15% while STET continues to hold to 40%
of the expanded capital to SESA SEAT. Sesa Industries Ltd., is launched with 51% equity by Sesa Goa Ltd. for the manufacture of Pig Iron and generation of electrical energy. Sesa Kembla Coke Co. Ltd is launched for the manufacture of low ash metallurgical coke with 60% equity from Sesa Goa Ltd. and 40% by Kembla Goa Holdings, Mauritius, a 100% subsidiary of the CRA Group of Australia. |
|||||||||||
 |
Second
blast furnace is commissioned in July. |
|||||||||||
 |
Sesa Shipping is launched in January with the acquisition of Transhipper M.V. ORISSA. 84 coke ovens are commissioned in April. Riva
Group acquires ILVA as part of scheme of privatisation of steel
industries in Italy. NCM Sesa Technical School is established. |
|||||||||||
 |
Sesa Shipping is merged with Sesa Goa in January. All
the pig iron business are consolidated under Sesa Industries through
the transfer of the first blast furnace from Sesa Goa to Sesa
Industries in March. |
|||||||||||
 |
Sesa Kembla becomes 100% subsidiary of Sesa Goa. Karnataka mining developments commence. |
|||||||||||
 |
Sesa
Goa relinquishes representation on Board of Sesa Seat. Sesa Community Development Foundation is established to encompass NCM Sesa Technical School and a new Sesa Football Academy. |
|||||||||||
 |
Sesa Goa commences mining operations at Barbil in Orissa, producing high grade iron ore and exporting from the nearby ports of Haldia and Paradip. Sesa Goa acquires 100% shares of A Narrain Mines Limited having mining operations in Karnataka. |
|||||||||||
 |
Sesa Kembla Coke completes the development of an indigenous and environment friendly technology for producing high quality metallurgical Coke and generating power as a by-product. Sesa Kembla applies for international patents for its technology. |
|||||||||||
 |
Sesa Goa commissions a new process plant for its mining operations at Orissa, which aids both, the production and the quality of iron ore produced. |
|||||||||||
 |
Sesa Group becomes the first business of its kind to be certified with OHSAS 18001. The Shipbuilding Division launches its 60th vessel, MV Toni, mini-bulk carrier. A Narrain Mines Limited, 100% subsidiary of Sesa Goa Limited, is merged with Sesa Goa Limited with effect from 1 April 2002. |
|||||||||||
 |
Sesa Goa equity in Sesa Industries raised to 88.25%. Sesa Goa bags a 5 year contract from Pakistan Steels for supply of iron ore of 1.17 MT p.a. |
|||||||||||
 |
Sesa Group completes 50 years of operations. Sesa Goa's Shipbuilding Division builds its 62nd vessel, a 2200T barge for its own fleet. Sesa Industries and Sesa Kembla sign an agreement with M/s Goa Energy Private Limited, a part of Videocon Group, to set up a 30MW Power plant at Amona. Iron ore sales crosses 8.5 million MT. First sale of Sesa Kembla technology effected. Compact charging system for coke plant is being commissioned. Sesa Kembla Coke Comany Limited, a 100% subsidiary of Sesa Goa Limited, is merged with Sesa Goa Limited with effect from 1 April 2004. |
|||||||||||
 |
Iron ore sales crossed 9.8 million tonnes. Sesa Goa issues bonus shares to its shareholders. Sesa Group declares a final dividend of 200% in addition to an interim dividend of 50% on the pre-bonus share capital. |
|||||||||||
 |
Forbes Asia ranks Sesa Goa as one of Asia's 200 companies with sales than 1 billion US $ in its "Best Under A Billion" study. Dun & Bradstreet ranks Sesa Goa as the 4th best in the Indian Mining Sector among India's top 500 companies. Sesa Industries Limited is ranked 8th Best transitioning medium enterprises in a study conducted by Citigroup and IMA India. Iron ore sales rise to 10.87 million tonnes in 2006 - 07. Sesa Group records its highest profit in 2006 - 07 and declares a dividend of 400%. |
|||||||||||
 |
Vedanta Resources plc, a diversified metals and mining group, listed on the London Stock Exchange acquires 51% controlling stake in Sesa Goa Limited from Mitsui & Co. Ltd. |
|||||||||||
|
|
||||||||||||
