YEAR EVENTS 1973 - The company was incorporated on 28th February, at Pune. The company was promoted by Mr. B.N. Kalyani. The Company manufacture mild steel/carbon/alloy steel ingots and billets and chemicals. 1979 - The company entered into a technical and management consultancy contract with the Gulf Venture, Company at Doha, in the State of Qatar for processing scrap. 1981 - The Company promoted a new company under the name and style of Kalyani Brakes Ltd., to manufacture 1,00,000 sets of hydraulic air and air over hydraulic brakes and brake systems in collaboration with Bendix Group of Companies, U.S.A. 1982 - The Company received a letter of intent for the manufacture of additional 18,000 tonnes of steel per annum. The Company negotiated with Hiremates Chemicals Ltd. (HCL), to run its chemical manufacturing unit for a period of 5 to 7 years. - The Company undertook to set up a seamless pipe project at Baramati, Dist. Poona in Maharashtra. 1983 - Chakrapani Investment & Trader Ltd. and Suryamukhi Investment & Finance Ltd. became a wholly owned subsidiaries of the Company. - Surajmukhi Investment & Finance Ltd. and Hikal Chemical Industries Ltd. are subsidiaries of the Company. - 3,00,000 Bonus Equity shares allotted in the prop. 1:2 on 7th November. 1984 - The Manufacture of chemicals was undertaken on a pilot project basis. - 2,25,000 No. of equity shares offered at par for public subscription during April. 1985 - Laddle Furnace Vacuum Degassing Equipment was installed. - In April, 50,000-15% secured non-convertible redeemable debentures of Rs 100 each were privately placed with Army Group Insurance Directorate. These debentures are redeemable at a premium of 5% after 7 years from the date of allotment. - In April, the Company issued 1,12,500-15% secured, non-convertible redeemable debentures of Rs 100 each as rights in the proportion 1 debenture for every 10 shares held. These debentures are redeemable at a premium of 5% at the end of 7 years from the date of allotment. 1986 - The company installed on ultra high power furnace to commence ferrous and non-ferrous casting manufacturing activity. 1987 - During the year, the Company undertook installation of electro-slag refining facility and continuous casting unit with a view to modernising and upgrading the manufacturing technology. - 56,250 No. of equity shares issued at par for the benefit and welfare of Senior Executives of the Company. 1989 - Dandakaranya Investment & Trading Ltd., Dronacharya Investment & Trading Ltd., Hastinapur Investment & Trading Ltd., Cornflower Investment & Finance Ltd. and Campamela Investment & Finance Ltd. ceased to be subsidiaries with effect from 12th October, 1989. - 11,81,250 bonus equity shares issued in prop. 1:1 on 4th April. 1990 - The Company offered 33,07,500-14% Secured Redeemable Partly convertible debentures of Rs 150 each to the equity shareholders and employees on rights basis in the proportion of 2 debentures: 3 equity shares held all were taken up. 11,66,666 debentures were issued to the public through the prospectus (all taken up). - These debentures consist of part A of Rs 60 and part B of Rs 90. Part A of Rs 60 will be automatically and compulsorily converted into one equity share of Rs 10 each at a premium of Rs 50 per share on the expiry of 6 months from the date of allotment. Part B of Rs 90 will be a non-convertible portion of the debentures redeemable at par in three equal annual instalments at the end of the 6th, 7th and 8th year from the date of allotment. - The Company also issued 19,90,000-14% secured redeemable non-convertible debentures of Rs 100 each on rights basis in the proportion of 21 debentures: 50 No. of equity shares held (81,462 debentures were taken up). The balance 18,84,890 debentures were allotted to financial institutions. These debentures are redeemable at a premium of 5% at the end of 7 years from the date of allotment. - 12,62,500 bonus equity shares issued in prop. 1:1 on 1st December. 1991 - The Company allotted 5,00,000-19% secured redeemable non-convertible debentures of Rs 100 each and 12,00,000-19% secured redeemable debentures of Rs 100 each to financial institutions on private plant basis. - These are redeemable at a premium of Rs 5 per debentures at the end of 6th, 7th & 8th year from the date of allotment i.e. 3.2.1992 and 14.2.1992 respectively. 1992 - The Cold Pilger mill HPT 90 and HPT 55 were installed. - The Company undertook to set up facilities for carrying out threading and coupling of seamless pipes to enable the Company explose oil country tubular goods market more effective. - During September, the company had offered 46,00,000-16% fully convertible debentures of Rs 155 each on Rights basis in prop. 1 deb: 2 equity shares held. - Another 2,30,000 debentures were issued to the employees' on an equitable basis (only 54,050 debs. taken up). - Each debenture was to be converted into one equity sum of Rs 10 each at a premium of Rs 145 per share on expiry of 6 months from date of allotment of debentures. Accordingly 46,54,060 No. of equity shares were allotted. - The Company also offered 12,88,000-16% non-convertible debentures on Rights basis in proportion 7 debs: 50 equity share held. - Another 64,400 debentures were issued to employees on equitable basis (only 100 debs. taken up). Each debenture had a warrant attached entitling the holder to apply for 1 equity share at a premium of Rs 165 per share. 1994 - During February-March the Company offered 90,85,000 Rights equity shares of Rs 10 each at a premium of Rs 50 per share in prop. 3:5 (all were taken up) on 19th April. 1995 - The Company embarked upon an integrated steel making project of 2,90,000 tpa at village Ginegera, dist. Raichur in Karnataka. The entire project has been divided into two parts and was being set up in technical arrangement with Tata Korf Engineering Services Ltd. for usage of korf technology from Brazil. - The first part of the project for manufacturing of pig iron is being set up by Kalyani Ferros Industries Ltd. (KFIL) with a capacity 2,40,000 tpa. - The second part of the project i.e. more cost effective carbon and alloy steel plant having a capacity of 2,90,000 tpa was being set up for which the hot metal was to be provided by KFIL, as an input for production of billets and rounds. 1997 - The Company entered into a joint venture agreement with Carpenter Technology Corporation, USA for manufacture and marketing of speciality steels. The joint venture entails transfer of Mundhwa plant into a separate company viz Kalyani Carpenter Special Steels Pvt. Ltd. It also envisages promotion of another company viz Kalyani Carpenter Metal Centres Pvt. Ltd. to look after the marketing and distribution of the licensed products in India. 1998 - The company has fully implemented the cost effective Carbon and Alloy Steel project through the Mini Blast Furnace route at Ginigera. Trial runs of the Hospet Project have shown good results. 1999 - Crisil today undertook a four-category downgrade of the BBB (moderate safety with relatively higher standing within the category) rating assigned to two non-convertible debenture (NCD) issues of Kalyani Steels Ltd. for an aggregate amount of Rs 56.90 crore, to D (default grade). - Kalyani Steels, has exported its first consignment of high value-added special steel to the US. - The company has been formed to manufacture high value-added steels like stainless steel, tool steel, and die steel for the world markets. These products will find high-tech applications in the automotive, electronics and engineering industries. 2000 - Kalyani Steels Ltd is setting up a new plant at Ranjangaon to manufacture higher alloy steel grades. - Kalyani Carpenter, a joint venture between Kalyani Steels and Carpenter Technology USA has opened its first steel services centre in Pune district to provide rapid delivery of stock anywhere throughout India. - Private sector steel majors Tisco, Kalyani Steel and the public sector Steel Authority of India are all set to form a three-way joint venture for undertaking e-commerce activities in the steel sector. - The Company intend to acquire 18,64,700 No. of equity shares of Rs 10 each of Hikal Chemical Industries Ltd. together with 18,64,700 No. of equity shares proposed to be issued by HCIL as bonus shares for a total consideration of Rs 71,048,690 from the company's wholly-owned subsidiary Surajmukhi Investments & Finance Ltd. 2001 - Kalyani Steel has sold 43,53,472 No. of equity shares of Bharat Forge Ltd and 22,231,052 No. of equity shares of Kalyani Carpenter Special Steel for a consideration of Rs 96 crore to KSL Holdings. - The management of the Pune-based Kalyani Steels has transferred its entire holding in Bharat Forge and in its joint venture, Kalyani Carpenter Special Steels, to a newly formed company, KSL Holdings, for a total consideration of Rs 96 crore. 2003 -Shareholders approve the scheme of arrangement between Kalyani Ferrous Industries Ltd. with the Company 2004 -Kalyani Steels forges alliance with Gujarat NRE 2007 -Kalyani Steels Ltd has entered into a Joint Venture Agreement with Gerdau S.A., Brazil. 2008 -Kalyani Steels Ltd has recommended, a Dividend of 40% on the Equity Share 2010 -Kalyani Steels Ltd has recommended a Dividend of Rs. 1.25 per Equity Share (i.e. 25%). 2011 -Mr. Arun P. Pawar has been appointed as an Additional Director of the Company. -Kalyani Steels Ltd has recommended a Dividend of Rs. 2/- per Equity Share (i.e. 40%) 2012 -Kalyani Steels Ltd has recommended a dividend of Rs. 1/- per equity share of Rs. 5/- each (i.e. 20%) 2013 -Kalyani Steels Ltd has recommended a dividend of Rs. 1.50/- per Equity Share of Rs. 5/- each (i.e. 30%). 2014 -Kalyani Steels Ltd has recommended a dividend of Rs. 3/- per Equity Share of Rs. 5/- each (i.e. 60%). 2020 -The Company has started its production facility at Village Ginigera, Taluka & District Koppal Karnataka. 2024 -Kalyani Steels Limited has informed the Exchange about Acquisition of Assets of Kamineni Steel & Power India Private Limited