The Company was originally incorporated as "Narayani Steels Private Limited" under the provisions of the Companies Act, 1956 vide Certificate of Incorporation dated February 10, 1995 issued by Registrar of Companies, Andhra Pradesh bearing Registration No. 01-19412 at Vizianagaram, Andhra Pradesh. Subsequently the Company was converted into a public limited company vide fresh Certificate of Incorporation dated August 24, 2015 and the name of the Company was changed to "Narayani Steels Limited". The Corporate Identification Number of the Company is U27109WB1996PLC082021. Sunil Choudhary and Sunil Choudhary HUF are the promoters of the Company. Sunil Choudhary and KishanLal Choudhary were the original subscribers to the Memorandum of Association. Sunil Choudhary HUF joined the Company by acquiring shares in December, 2000 from Jetair Properties Private Limited. The Company is engaged in manufacturing and trading of value added steel products. The business operations comprise of manufacturing of TMT bars, flats, channels, flats and rounds and trading of various others steel products like TMT bars, billets, channels, flats, angles, rounds, wire coils etc. KEY EVENTS AND MILESTONES IN THE HISTORY OF THE COMPANY : 1995 -Incorporation of the Company 2011-12 -Purchase of Automatic Rolling Plant for production of TMT Bars 2012-13 -Received Certification of Appreciation from RINL for being the "Star Customer" for the financial year 2011-12 -Commencement of production of TMT Bars 2013-14 -Achieving turnover of over Rs. 500 crore 2015-16 -Conversion of Company from Private Limited to Public Limited. 2023 -Company name has changed to Dhatre Udyog Ltd. from Narayani Steels Ltd.. 2024 -The Company has splits its face value from Rs. 10/- to Rs. 1/