ALKALI METALS Share price

Our Company was incorporated on April 17 1968 as a private limited company in HyderabadAndhra Pradesh under the Companies Act 1956 registered with the Registrar of CompaniesAndhra Pradesh at Hyderabad; vide Registration No. 01 - 01196. Subsequently it became adeemed public limited company and the certificate for the same was issued by the RoC onJune 18 1975. Our Company was reconverted into a private limited company on October 61976. Again our Company became a deemed public company and the certificate for the samewas issued by the RoC on on July 6 1977 and the name was changed to Alkali MetalsLimited. Our Company was re-converted into a private limited company on November 101986 with the original name being restored. Subsequently our Company was converted into apublic limited company and the name was changed to Alkali Metals Limited. The certificate forthe same was issued by the RoC on July 29 1992. The registered office of our Company issituated at Plot B5 Block III Industrial Development Area (IDA) Uppal Hyderabad - 500 039AP.Our Company was promoted by Dr. Y.V.S. Murty. Our Company started as a joint venturewith APIDC. We commenced the production of sodium metal with an installed capacity of 125MT. In the year 1986 APIDC exited from the joint venture. With increasing power tariffsimported sodium metal became more attractive compared to the cost of indigenousproduction. Hence our Company then began to diversify and built its product portfolioclassified into: Sodium derivatives Pyridine derivatives and Fine chemicals. These productsfind wide application and use in various industries like the pharma agro based productspesticides explosives bio technology products electroplating chemicals etc.Currently our Company has two manufacturing facilities Unit I and II both ISO 14001:2004and ISO 9001:2000 certified and both of our units are having installed capacity of 2200MTPA. Unit II for which the land and building was taken on lease from Balaji Agro IndustriesLimited (a group company) commenced active operations in the year 2003 as a 100% EOU.Subsequently in the year 2005 our Company acquired the complete ownership of the Unit. Inthe same year our Company also set up a separate plant in Unit I for recovery of hydrogenwhich could be re - deployed in the manufacturing process thus enabling energyconservation.Balaji Agro Industries Limited was acquired by Alkali Metals Limited with an intention to forayinto processing of agro based products for which Alkali Metals started acquiring shares ofBalaji Agro Industries Limited from its erstwhile promoters from July 1 2000. The registeredoffice was shifted to Hyderabad Andhra Pradesh and it was converted into a public limitedcompany. It also became a subsidiary of Alkali Metals with effect from April 2 2002 and theerstwhile promoters exited our Company fully on March 29 2003. They are no longer theshareholders of Balaji Agro Industries Limited However later it was found that integrating thebusiness processes of Alkali Metals Limited and Balaji Agro Indistries Limited was notfeasible and therefore Alkali Metals Limited divested its stake in Balaji Agro IndustriesLimited to Dr. Y. V. S. Murty Mrs. Y. V. Lalitha Devi Mr. Y. S. R. Venkata Rao and Mrs. Y.Krishna Veni on March 19 2005. Since then Balaji Agro Industries Limited has ceased to bea subsidiary of Alkali Metals Limited.Our Company has been awarded a Certificate of Merit for Outstanding Export Performanceby CHEMEXCIL Mumbai for the year 2001-02. It has also been awarded the Silver Trophyfor the Best Technology Development in Research & Development in the state of AndhraPradesh by the Federation of Andhra Pradesh Chambers of Commerce & Industry for theyear 2001-02 and Outstanding Performance in the field of Technology by Uppal IndustriesAssociation Hyderabad Andhra Pradesh in the year 2003. Our Company has also beenconferred the status of "Export House" by Joint Director General of Foreign Trade Ministry ofCommerce and Industry Government of India.Our Company had earlier filed its Draft Red Herring Prospectus dated August 31 2007 withSEBI BSE and NSE. We had received in-principle approvals from BSE vide its letter datedOctober 23 2007 and from NSE vide its letter dated December 04 2007. We had alsoreceived SEBI?s observation on the said filing vide its letter no. CFD/DIL/ISSUES/SM/112220/2007 dated December 31 2007. We did not proceed with the issue due to adverse capital market conditions and changes in capital structure which were effected in May 2008.Major events in the history of our Company are given below:Year Major event1968 Incorporation - commenced production of Alkali metals (Unit I) a Joint Venture with APIDC.1970 Started commercial production of Sodium Metal - Became the first company to manufacture Sodium Metal in Asia.1986 APIDC exited out of the Joint Venture giving our Company complete operational and management control.1995 BS EN ISO 9002: 1994 certification for Unit I by Bureau Vistas valid for three years.2000 ISO 14001:1996 certification for Unit I by Bureau Veritas valid for three years.2002 ISO 9001:2000 certification for Unit I by Bureau Veritas valid for three years. Awarded the Silver Trophy for "Best Technology Development in Research & Development by an Industrial / Scientific Organisation in the State" from FAPCCI AP. Awarded the "Certificate of Merit for outstanding export performance in basic inorganic and organic chemicals panel" during the year 2001-02 by Basic Chemicals Pharmaceuticals & Cosmetics Export Promotion Council Mumbai. Company accorded the status of "Export House" by DGFT AP.2003 Unit II commenced active operations - accorded the status of 100% EOU by Development Commissioner Visakhapatnam SEZ2003 Awarded the "Best Technology Award" for outstanding performance in the field of technology from Uppal Industries Association Hyderabad AP. Started to focus on custom synthesis business and off shoring capability.2004 Renewed the ISO 14001:1996 certification for Unit I by Bureau Vistas valid for three years. ISO 9001: 2000 and ISO 14001:1996 certifications by Bureau Vistas given for Unit I extended to include Unit II. Awarded the "Best Export Performance Award" for the year 2003 - 04 in the state by FAPCCI.2005 Acquired ownership of Unit II. Renewed the ISO 9001:2000 certification by Bureau Vistas for both the Units valid for three years. Plant for recovery of by - product Hydrogen from Sodium Amide Plant enabling energy conservation2006 ISO 14001:2004 certification by Bureau Vistas for both the units valid for one year.2007 Renewed the ISO 14001:2004 certification by Bureau Veritas for both the units valid for three years. Certificate of Recognition for "Export House" renewed for another period of two years.2008 Renewed the ISO 9001:2000 certification by Bureau Vistas for both the Units valid for three years.