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Nalwa Sons Investments Ltd logo

Nalwa Sons Investments Ltd

NSE: NSIL BSE: 532256

₹5732.50

(0.24%)

Mon, 22 Jun 2026, 07:57 pm

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Company History

1970

  • The company was incorporated as a Private Ltd. company on 18th November.

1975

  • The company was converted into a Public Ltd. company on 25th May.

1982

  • 3,00,500 bonus shares were issued in proportion 1:1.

1983

  • 2,00,000 No. of equity shares were issued at a premium of Rs. 5 per share.

1985

  • The company embarked upon a modernisation programme at Hisar.
  • 16,02,000 Bonus Equity shares were issued in proportion 2:1.
  • 12,00,000 No. of equity shares were issued at a premium of Rs. 8 per share.

1986

  • The company installed an induction furnace, a D.G. set, pusher type furnace, soaking pit furance, side rolls and other balancing equipments.
  • The company issued 12,00,000 No. of equity shares at a premium of Rs. 8 per share.

1987

  • The company was successful in introducing four feet CRCA sheet.
  • A new pickling line, annealing furnace and other balancing equipments were to be installed at Vasind.

1988

  • The Hisar division introduced new range of stainless steel strips and flats with lower nickel contents.
  • The Vasind division introduced import substitute products, such as CRCA sheets of DD & EDD grades.
  • The industrial license of the company was endorsed for manufacture of 1,25,000 tonnes of steel ingots and 1,00,000 tonnes of hot rolled strips.

1989

  • The company offered 16,50,000-14% secured fully convertible debentures of Rs. 140/- each on rights basis.
  • 32,99,200 Bonus shares were issued in proportion 1:1.

1990

  • Jindal Holdings Ltd. (JHL) became a subsidiary of the company.
  • Vasind division improved with the introduction of better CRCA coils in DD & EDD grade.
  • The company installed and commissioned gas flow control system and some balancing equipments at Hissar.

1991

  • The company installed VOD system, automation of steckel mill and continuous charging of AOD furnace at Hisar.
  • A ferrochrome plant was being put up, mainly for captive consumption.
  • The Ist phase of the sponge iron project was commissioned in the month of March.

1992

  • The company issued 74,08,765-12.5% secured redeemable partly convertible debentures of Rs. 360 each on rights basis.
  • Part A of Rs. 100 of each debenture was converted into 1 equity share of Rs. 10 each at a premium of Rs. 90 per share.

1993

  • A coal washery plant with a capacity of 200 tonnes per hour of high ash contents coal was imported from W. Germany.
  • 5,10,525 No. of equity shares were allotted out of the previous year's rights issue.

1994

  • The installation of a new oxygen plant having a capacity of 80 TPD with Argon attachment was completed.
  • A coal washery plant to process 200 tonne per hour, high ash loaf imported from Germany was installed.
  • The company issued 4.25% convertible bonds for an aggregate amount of US $ 16.50 million.

1995

  • The Hissar division rose by 120% while the Vasind division produced 1,29,675 tonnes of CRCA strips.
  • Jindal Ferro Alloys Ltd. was amalgamated with the company effective 1st April.
  • 44,559 No. of equity shares were issued upon conversion of 1990 Euro bonds of US $ 5000 each.

1996

  • A new steel melting shop with an EAF, AOD, LRF & state-of-the-art billet caster was installed at Hisar division.
  • 111,32,550 shares were allotted to the shareholders of erstwhile Jindal Ferro Alloys Ltd.

1997

  • Hissar Division recorded a 56% growth in production.
  • CRCA production at Vasind Division dropped due to depressed market conditions.

2000

  • The Company appointed Andersen Consulting to conduct a profit maximisation exercise.

2001

  • A wholly owned subsidiary, Cross-Border IT (India) Ltd., was incorporated to provide IT services internationally.
  • Jindal Strips offloaded 11 per cent stake in Shalimar Paints to the joint-venture partner, the Jhunjhunwala Group.
  • The Vasind Division was hived off to Jindal Steel & Alloys Limited, a subsidiary, w.e.f. 01.01.2000.

2002

  • The Board appointed Shri Arvind Parakh as Director-Finance and Sh. B.P.Goyal as Director-Projects.
  • Promoters of Jindal Strips hiked their stake in the company from 35 per cent to 43 per cent.

2003

  • Jindal Strips prepaid the Foreign Currency Convertible Bonds (FCCB's) worth $15 million.
  • IFCI Ltd withdrew the nomination of Mr. S Lahiri from the Board of Jindal Strips.
  • Rakesh Garg and H V Mishra were appointed as Additional Directors on the Board of the company.
  • ICICI Bank Ltd withdrew the nomination of Mr. Subir Bisht from the Board of Directors of the company.

2004

  • The shares of Jindal Strips Ltd were delisted from Madras Stock Exchange.

2005

  • The company changed its name from Jindal Strips Ltd. to Nalwa Sons Investments Ltd.
  • Smt. Savitri Devi Jindal was appointed as an Additional Director and Chairperson of the company.

2006

  • The Registered Office of the company was shifted from the State of Haryana to the NCT of Delhi.

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