YEAR EVENTS 1991 - The Company, which is a subsidiary of Vesuvius Group Ltd., U.K., (VGL) was originally incorporated as Vesuvius Refractories Ltd. on 6th September, and obtained the Certificate of Commencement of Business on 27th November, from Registrar of Companies (ROC), West Bengal, at Calcutta. - The Company, promoted by VGL (U.K.) in association with local Co-promoters, had entered into agreements, effective 1st November, with other Vesuvius Group Companies in Switzerland, France and U.S.A.,to carry on agency business related to the sale of the Group's products, viz. 1992 - The name of the Company was subsequently changed to Vesuvius India Limited on 6th November. - The Company entered into a Technology Licence Agreement with Vesuvius Crucible Company, USA, on 28th September, for using the latter's proprietary information to manufacture and service the Company's products. 1994 - VIL started commercial production in July. - The Company had envisaged a capacity utilisation of 700/a in the first year of operation. 1996 - The Company has obtained the ISO 9002 certification from Lloyd's Register Quality Assurance, London, on 11th January, within 18 months from the commencement of commercial production. - The Company made an offer of 58,00,000 Equity shares of face value Rs. 10/- each for cash at a premium of Rs. 30/- per share aggregating Rs. 23,20,00,000 on Rights basis to the existing Equity shareholders of the Company as on 29th November in the ratio of two Equity shares for every five Equity shares held. 1997 - The company of the shareholders had approved the issue and offer of Equity shares for cash at a premium upto an aggregate amount of Rs. 30,00,00,000. - Vesuvius India won the Annual Health & Safety Award for the year on the basis of no "lost time" and no reportable accidents during the year, in the less than 150 employees' category. The Company was also awarded the Worldwide Award of Honour for Health & Safety. 1998 - The Company successfully commenced commercial production of Slide Gate plates and nozzles on the 27th February. - Vesuvius is a 51 per cent subsidiary of the Vesuvius group, a world leader in continuous casting refractories (CCRs), which are used in steel-making via the continuous casting route. 1999 - The Company took interest in the welfare of poor young girls in tune with the year being declared as "The Year of the Girl Child". - The Technical Agreement was assigned in favour of the Company in February, as such the technology is in the process of transfer and absorption. - Vesuvius India (VIL) is a wholly owned subsidiary of the Vesuvius Group Ltd (VGL), the world's largest manufacturer of continuous casting refractories. - Vesuvius, it is learnt, has acquired the assets and equipments and has been assigned the technical know how licence and agency agreements from KIIL with effect from 19th February. 2002 -Board approves the purchase of Tundish Lining Products Business of Foseco India Ltd. 2003 -Reported 38% rise in the net profit during the quarter ended Sept 2003. 2005 -Mr. Sudipto Sarkar appointed as an Additional Director of the company 2006 -Vesuvius India Ltd, expansion at the Company's Visakhapatnam Factory had been completed and commercial production has commenced 2007 -Mr. Francois Clement Wanecq appointed as a Director of the Company -Vesuvius India Ltd has recommended payment of dividend @ 35% (i.e. Rs 3.50 per share) 2008 -Vesuvius India Ltd has recommended a Dividend of 37.50% (i.e. Rs 3.75 per share) 2009 -Vesuvius India Ltd has recommended payment of dividend @ 20% (i.e. Rs 2/- per share) 2010 -Vesuvius India Ltd has recommended a Dividend of 37.50% (i.e. Rs 3.75 per share) 2011 -Vesuvius India Ltd has recommended payment of dividend of Rs. 4 per share i.e. 40% 2012 -Vesuvius India Ltd has recommended payment of dividend of Rs. 4.25 per share i.e. 42.50% 2013 - Vesuvius India Ltd has recommended payment of dividend of Rs. 4.50 per share i.e. 45% 2014 - Vesuvius India Ltd has recommended payment of dividend of Rs. 4.75 per share i.e. 47.50% and also declared a 20th Anniversary Special Dividend of Re. 1/- per share (i.e. 10% ) to the Shareholders. 2018-Vesuvius join forces with Sapotech Oy on innovative new data processing technology.2019-Vesuvius' Employee app V.LINK was awarded bronze at the Internal Communications and Engagement Awards 2019.-Vesuvius and Lloyd's Register celebrate 30 years' excellence in quality management. 2025 -The Company has splits its face value from Rs. 10/- to Rs. 1/-.