Late Shri K Ramachandra Raju – first generation entrepreneur established Nagarjuna Cements Ltd- the company and commenced business

IPO of 11,10,000 equity shares

Commercial production of cement at 66,000 tonnes started

Declared 20% dividend (12% interim + 8% Final )

Changed the name from Nagarjuna Cements Ltd to NCL Industries Ltd

Merger of Klayman Porcelains Ltd and Issue of shares at 2:5 to KPL shareholders. Commencement of cement production after expansion to 1,98,000 TPA

Rights – cum – Public issue of equity shares

Issued shares on right basis 1:5 at Par Commencement of Ceramic Unit – using natural gas for first time in the country

Commercial production of Cement Bonded Particle Boards in technical collaboration with Bison Werke, Germany.

Prefab Division executes orders worth Rs.2148 Lacs

Introduction of Laminated Cement Bonded Particle Boards – first time in the world