| Objects and Activities: Manufacture of sulphuric acid ,single superphosphate ,liquid sulphur trioxide ,oleum and carbon blackBrief
The company was promoted by Phillips Carbon Black Ltd.The company entered into a technical collaboration agreement with The Dharamsi Morarji Chemical Co. Under the agreement the collaborators were to furnish secret technical information and process know how for the manufacture of sulphuric acid .
1983-84:The company undertook an expansion programme of the sulphuric acid plant with DCDA process from 25000 tonnes to 30000 tonnes per annum.During the same year two new carbon black plants were commissioned increasing the installed capacity by 30000 tonnes per annum.
1986-88:Following certain liberalisation schemes the Govt reendorsed the manufacturing capacity of carbon black from 28000 tonnes to 40000 tonnes per annum in 1986-88.
1988-89:The capacity of oleum and sulphuric acid plants were increased to 13750 tonnes and 41250 tonnes respectively.
1989-90:The company applied for a license to increase the licensed capacity of sulphuric acid plant from 33000 tonnes to 44000 tpa.The company undertook a project for manufacture of 5000 tpa of insoluble
1991-92:The capacity was further re-endorsed to 50000 tpa of insoluble sulphur .High tech know how agreement was entered into with Sanshin Chemical Industry CO.Ltd. of JAPAN who also agreed to buyback 10% of the production of insoluble sulphur for the first five years after commencement of production which was expected to commence by the end of Sep 1992.
Oriental Carbon Ltd. was amalgamated with Dharuhera Chemicals Ltd on 7/11/84.
2000 - The J P Goenka group company Oriental Carbon & Chemicals has
entered into an agreement with US-based carbon black manufacturer
Continental Carbon Company for sale of its carbon black division.
- The Company has hived off its Carbon Black Division as a Going Concern in favour of
M/s Posh Investments Ltd. w.e.f. 1st October, and has been allotted 1,00,00,000 shares of
face valueof Rs 10/- each at a premium of Rs 46/- in consideration thereof.
2009
- Oriental Carbon & Chemicals Ltd has appointed Mr. Arvind Goenka as Managing Director of the Company with effect from October 01, 2009.
2010
-Oriental Carbon have recommended a final dividend of Rs. 1.50 per Equity Share of Rs. 10/- each
2011
-Oriental Carbon & Chemicals have recommended a final dividend @ Rs. 2/- per equity share of Rs. 10/-each
2012
-Oriental Carbon has acquired shares of Schrader Duncan Limited
-Mr. Pranab Kumar Maity has been appointed as Senior Manager Legal, Company Secretary &
Compliance Officer of the Company.
2013
-Oriental Carbon have recommended a final dividend @ Rs. 3/- per equity share of Rs. 10/- each.
2014
-Oriental Carbon & Chemicals have recommended a final dividend of Rs. 5 per Equity Share of Rs. 10/- each.
2016
-Oriental Carbon & Chemicals Ltd. has informed that Company's Corporate Office being shifted to 14th Floor, Tower-B, World Trade Tower Plot no. C-1, Sector-16, Noida-201301
2017
-Commissioned the first phase of the next round of Insoluble Sulphur expansion of 5500 TPA at Mundra.
2018
-Commissioned the second phase of the Insoluble Sulphur expansion of 5500 TPA at Mundra.
2019
-Kick-started the brownfield expansion with an additional 11000 MTPA of Insoluble Sulphur capacity at Dharuhera.
2021
-Company has commissioned its First Phase (5500 MTPA Capacity) of its project for expansion of Insoluble Sulphur production capacity at Dharuhera, Haryana.
- Company has commissioned its First Phase (5500 MTPA Capacity) of its project for expansion of Insoluble Sulphur production capacity at Dharuhera, Haryana, today, i.e. December 21, 2021.
2025
-The Company name has changed from Oriental Carbon & Chemicals Ltd to AG Ventures Ltd.
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