YEAR EVENTS 1936 - The Company was incorporated on 25th July, at Calcutta. The Company Manufacture Paper & boards & Cement. 1955 - 50,000 right tax-free pref. shares issued at par in proportion to holdings. 1956 - Authorised capital increased. 50,000 right tax-free pref. issued at par in proportion to holdings. 1961 - In May, 4,40,475 right equity shares issued at a premium of Rs 12 per share in prop. 3:10. Dividend rate on pref. shares increased during the year. 1967 - 19,08,725 bonus equity shares issued in the prop. 1:2. 1978 - The name of the company was changed fron Orient Paper Mills Ltd. to Orient Paper & Inds. Ltd., with effect from 31st September. - A pilot pulp and paper plant was commissioned in February. The pulp mill was redesigned for production of bleached pulp from rags, hemp, cotton, stalk, etc., as also from bamboo or other forest and/or agricultural residents. 1982 - In September, a cement plant was commissioned at Devapur (AP) with an annual capacity of 9 lakh tonnes. - 1,01,132-7.86% pref. shares and 43,850-5.50% pref. shares redeemed. 1985 - 8,00,000-15% non-convertible debenture (IV Series) of Rs 100 each were issued to augment long-term working capital resources and to meet capital expenditure for modernisation. This issue was fully subscribed. 1986 - The Company offered 15,000-15% non-convertible debentures (V series) for Rs 15 crores to raise part of the finance for implementing the second phase of the cement plant at Devapur in Andhra Pradesh (all were taken up). - 57,26,175 bonus equity shares issued in prop. 1:1 during the year. 1989 - As on 31st March the company was holding 38,66,593 equity shares of K.shr 20 each in Panafrican paper Mills (E.A.) Ltd. Kenya. - The agreement with Panafrican paper Mills (E.A.) Ltd. for providing technical know-how, management and other services was renewed for a further period of 5 years with effect from 30th June. - During February-March, the company offered 4,30,000-14% non-convertible secured debentures (VI series) of Rs 100 each to resident holders of equity shares, preference shares and debentures of the company as follows: (i) 1 debenture for every 120 No. of equity shares; (ii) 1 debenture for every 12 preference shares; (iii) 1 debenture for every 12 debentures. - These debentures are to be redeemed in 5 annual instalments of Rs 20 each at the expiry of the 5th, 6th, 7th, 8th and 9th year from the date of allotment at a premium of Rs 5 per debenture. 1990 - Towards the end of the year the second unit of the cement factory to raise the installed capacity to 9 lakh TPA, was commissioned. - The Company issued 5,00,000-14% secured non-convertible debentures of Rs 100 each on private placement basis with financial institution. - CCI approvals were received for issue of 28,75,000-12.5% secured redeemable partly convertible debentures of Rs 130 each on Rights basis to the ordinary shareholders in proportion 1 deb: 4 equity share held (all were taken up). Additional 4,30,650 debentures were allotted to retain oversubscription. - Another 1,43,750-12.5% partly convertible debentures were also to be issued to the employees of the company on an equitable basis. (only 79,360 debentures taken up). - Rs 40 of the face value of each debenture was to be converted into one equity share of Rs 10 each at a premium of Rs 30 per share on 21.5.92. Rs 90 of the face value of each debenture was to be redeemed at par in 3 equal annual instalments at the end of 8, 9, 10 years from the date of allotment of debentures. - `Orient General Industrial, Ltd.', `Airconditioning Corporation, Ltd.', and `Opi Export, Ltd.' (formerly, Motolite Ltd.) and Orient Dealers & Traders, Ltd. are the subsidiaries of the Company. - As per the directive issued by the Board for Industrial & Financial Reconstruction (BIFR), Springs India, Ltd. (SIL), with an installed capacity of 540 TPA of precision springs at Shahibabad, Dist. Ghaziabad (U.P.) was merged with the Company's wholly owned subsidiary M/s. Orient General Industries, Ltd. (OGIL). 1991 - The Company undertook to supply technical know-how for the manufacture of paper in and outside India. A full fledged research was therefore set up at Amlai for conducting research on various aspects of paper industry, research on plantation and utilisation of various fibrous materials to & solve the problems of availability of raw materials for the manufacture of paper. - Research work was undertaken on utilisation of several kinds of wood for manufacture of paper and treatment of mill wastes. - The Company undertook to expand the capacity of the mill from 96,000 TPA to 1,50,000 TPA by installing a bagasse based pulp plant and a Board machine. - The Company entered into an arrangement with Birla Brothers Pvt. Ltd., for participation in the expansion project of Nigerian Paper Mills, Ltd., Tebba, Nigeria. The Company was to receive in consideration of its technical services and know-how from Birla Brothers Pvt. Ltd. 1992 - First stage of oxygen bleaching was commissioned for improved brightners of paper. The second stage of chlorine di-oxide bleaching was commissioned during 1993-94. - On 24th June, a Memorandum of understanding was entered into with State Industrial & Investment Corporation of Maharashtra Ltd., (SICOM) for setting up a 80,000 TPA bagasse based plant to produce newsprint/working and printing paper. Efforts were on to implement the joint sector company in the name of Birla Paper Industries, Ltd. - 33,85,010 No. of equity shares allotted (prem. Rs 30 per share) on part conversion 12.5% debentures Pref. shares redeemed on 31.5.1993. 1994 - Production at both the paper mills at Amlai and Brajrajnagar was adversely affected due to water shortage during the summer months. - At Amlai a new drum chipper was install at the Brajrajnagar mills, orders for 350 TPD recovery boiler, an additional Drum Chipper and a new coal handling plant was placed. 1995 - The Company granted technical and financial collaboration to Panafrican Paper Mill (E.A.) Ltd., for setting up pulp and paper mill in Kenya. 1996 - The Mill at Amlai was shut for a period of 5 weeks due to acute shortage of water. The production of Brajrajnagar was also affected due to breakdown of machinery and slow down tactics adopted by workmen in some sections of the mill. - A 6 MW Back Pressure Turbine was commissioned at Amlai to reduce power cost and reduce dependence on outside supply. - The installed capacity of the plant was expanded to 11.8 lakh tonnes per annum. Further modernisation cum expansion scheme was under implementation to increase cement manufacturing capacity to 17.5 lakh tonnes per annum. 1997 - At the Brajrajnagar Unit due to a major overhaul of the plant and equipment, the entire plant was shut for nearly 3 months resulting in lower total production of paper and board. - The upflow tower system, for chlorine dioxide bleach plant at Amlai and the 350 tonnes recovery boiler and electrostatic precipitator at Brajrajnagar were commissioned. The new tissue plant at Amlai was also commissioned. - The Modernisation cum expansion scheme to increase the cement manufacturing capacity to 17.5 lakh tonnes p.a. including setting up of a split grinding unit of 5.70 lakh tonnes per annum at Jalgaon. 2000 - C.K. Birla-owned Orient Paper and Industries Ltd has decided to sell its cement division. - M.M. Yesaw, General Manager, IDBI has been appointed as Director of the company effective from 21st July. 2001 - The Company's shareholders have proposed to issue, offer and allot 75,00,000 ordinary shares of Rs 10 each to promoters, group companies and their associates for an aggregate amount of Rs 19.50 crore at Rs 26 per share on private placement basis. 2003 -Orient Paper gets environment award for the year 2004 -Orient Paper & Industries Ltd has informed that V Nachiappan, General Manager, ICICI Bank Ltd. has been appointed as a Director of the company, nominee of ICICI Bank Ltd. in place of Shri Balaji V Swaminathan, the existing nominee of ICICI Bank Ltd. with effect from May 25, 2004 2007 -The company has issued rights in the ratio of 3:10 at a premium of Rs.350/- Per Share. 2008 - The Company has splits its face value from Rs10/- to Rs1/-. 2009 - Board of Directors of the Company at its meeting held on inter alia, has recommended Dividend of Rs 1.50/- per Equity share (150%). - Mr. Michael Bastian as an Additional Director of the Company. 2010 - Board of Directors of the Company at its meeting held on inter alia, has recommended Dividend of Rs. 1.50/- per Equity Shares (150%) for the year ended. - Board for Industrial and Financial Reconstructions (BIFR) vide its order dated has approved the merger of Air Conditioning Corporation Ltd., a wholly owned subsidiary of the Company with Orient Paper & Industries Ltd. 2011 - Board of Directors of the Company at its meeting held on April 27, 2011, inter alia, has recommended Dividend of Rs. 1.50 per Equity share (150%) for the year ended. 2012 - Board of Directors of the Company at its meeting held on May 02, 2012 has recommended Final Dividend of Rs.1/- per Equity Share (100%) for the year ended. - Shri. Narendara Singh Sisodia has been appointed as an Additional Director of the Company. 2013 -The Company Company in connection with split of cost of acquisition of shares in Orient Paper & Industries Ltd. consequent upon allotment of shares of Orient Cement Ltd. in terms of the Scheme of arrangement. -OPIL appoints Ram Prasad Dutta as Compliance Officer 2014 -Ms. Gauri Rasgotra has been appointed as an Additional Director (Independent) of the Company w.e.f. September 26, 2014 -The Company has recommended Dividend of Re. 0.10 per Equity Share (10%) for the year ended March 31, 2014. 2016 -Orient Paper & Industries Ltd giving information on operational performance of Paper Division of the Company. 2020 - Orient paper started production Of Tissue Papers & Caustic/ Chlorine Have Been Started Since Declared As Essential Commodities.