|Our Company was incorporated on April 17, 1968 as a private limited company in Hyderabad,
Andhra Pradesh under the Companies Act, 1956 registered with the Registrar of Companies,
Andhra Pradesh at Hyderabad; vide Registration No. 01 - 01196. Subsequently it became a
deemed public limited company and the certificate for the same was issued by the RoC on
June 18, 1975. Our Company was reconverted into a private limited company on October 6,
1976. Again our Company became a deemed public company and the certificate for the same
was issued by the RoC on on July 6, 1977 and the name was changed to Alkali Metals
Limited. Our Company was re-converted into a private limited company on November 10,
1986 with the original name being restored. Subsequently, our Company was converted into a
public limited company and the name was changed to Alkali Metals Limited. The certificate for
the same was issued by the RoC on July 29, 1992. The registered office of our Company is
situated at Plot B5, Block III, Industrial Development Area (IDA), Uppal, Hyderabad - 500 039,
Our Company was promoted by Dr. Y.V.S. Murty. Our Company started as a joint venture
with APIDC. We commenced the production of sodium metal, with an installed capacity of 125
MT. In the year 1986, APIDC exited from the joint venture. With increasing power tariffs,
imported sodium metal became more attractive compared to the cost of indigenous
production. Hence our Company then began to diversify and built its product portfolio,
classified into: Sodium derivatives, Pyridine derivatives and Fine chemicals. These products
find wide application and use in various industries like the pharma, agro based products,
pesticides, explosives, bio technology products, electroplating chemicals etc.
Currently, our Company has two manufacturing facilities, Unit I and II, both ISO 14001:2004
and ISO 9001:2000 certified, and both of our units are having installed capacity of 2,200
MTPA. Unit II, for which the land and building was taken on lease from Balaji Agro Industries
Limited (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. In
the same year, our Company also set up a separate plant in Unit I for recovery of hydrogen
which could be re - deployed in the manufacturing process, thus enabling energy
Balaji Agro Industries Limited was acquired by Alkali Metals Limited with an intention to foray
into processing of agro based products, for which Alkali Metals started acquiring shares of
Balaji Agro Industries Limited, from its erstwhile promoters from July 1, 2000. The registered
office was shifted to Hyderabad, Andhra Pradesh and it was converted into a public limited
company. It also became a subsidiary of Alkali Metals with effect from April 2, 2002 and the
erstwhile promoters exited our Company fully on March 29, 2003. They are no longer the
shareholders of Balaji Agro Industries Limited, However, later it was found that integrating the
business processes of Alkali Metals Limited, and Balaji Agro Indistries Limited, was not
feasible and therefore Alkali Metals Limited, divested its stake in Balaji Agro Industries
Limited, 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 be
a subsidiary of Alkali Metals Limited.
Our Company has been awarded a Certificate of Merit for Outstanding Export Performance
by CHEMEXCIL, Mumbai for the year 2001-02. It has also been awarded the Silver Trophy
for the Best Technology Development in Research & Development in the state of Andhra
Pradesh by the Federation of Andhra Pradesh Chambers of Commerce & Industry for the
year 2001-02 and Outstanding Performance in the field of Technology by Uppal Industries
Association, Hyderabad, Andhra Pradesh in the year 2003. Our Company has also been
conferred the status of 'Export House' by Joint Director General of Foreign Trade, Ministry of
Commerce and Industry, Government of India.
Our Company had earlier filed its Draft Red Herring Prospectus dated August 31, 2007 with
SEBI, BSE and NSE. We had received in-principle approvals from BSE vide its letter dated
October 23, 2007 and from NSE vide its letter dated December 04, 2007. We had also
received SEBIs 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 event
1968 Incorporation - commenced production of Alkali metals (Unit I), a Joint Venture
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
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 SEZ
2003 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
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
2006 ISO 14001:2004 certification by Bureau Vistas for both the units, valid for one
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
2008 Renewed the ISO 9001:2000 certification by Bureau Vistas for both the Units,
valid for three years.