YEAR                       EVENTS
 1946 - The Company was Incorporated at Mumbai.  The Company
 Manufacture
        electric motors, transformers, etc.
 
 1957 - 28 Pref. shares and 657 No. of Equity shares issued during
        1951-55.  In 1957-58, 4,143 Right Equity shares issued in the
        prop. 4:3.
 
 1960 - Pref. shares converted into Equity.  2,351 shares issued as
        rights at par and 7,649 shares offered to the public.
 
 1961 - 10,000 right equity shares issued at par in prop. 1:2.
 
 1964 - In November, 30,000 right equity shares offered at par in
 prop.
        1:1.  In April 1965, 30,000 pref. shares offered to the
 public.
 
 1973 - 20,000 Bonus equity shares issued in the proportion 1:3.
 
 1976 - 26,666 Bonus equity shares issued in prop. 1:3.
 
 1978 - Collaboration agreements were entered into with Siemens A.G.
 of
        West Germany for the manufacture of special types of motors
 and
        with Transformation Union A.G. of West Germany for the
        manufacture of special types of transformers.
 
 1980 - 34,623 No. of Equity shares issued (prem. Rs 12.50 per share)
 on
        conversion of bonds during Sept./Oct. in prop. 3 equity: 1
 bond.
 
 1982 - The Company issued non-convertible debentures for Rs 150 lakhs
 as
        Rights to the equity shareholders.  The redemption of these
        debentures, was extended.  As per the terms of the extension,
        31,710 debentures held by the financial institutions were
        redeemed on 30th April, 1991.
 
      - The Company had the liberty to buy back the debentures at par
        (plus accrued interest) from the debenture holders after a
 period
        of 1 year from the date of extension.  Upto 31st March, 1993,
        1,365 debentures were bought back by the Company.
 
 1984 - A technical collaboration agreement was entered into with
        Ferranti plc of England for the manufacture of advanced types
 of
        tap changers.
 
      - The Company secured the approval of the Government of India
 for
        collaboration with Schindeler of Switzerland for the
 manufacture
        of lifts and for the acquisition by this collaborators a 10%
        share in the equity capital of the Company.
 
 1987 - The production and sales declined mainly due to a strike at
 the
        Company's units at Thane and Mumbai from 12th December, to
 11th
        September, 1988.  The strike had since been resolved and
 normal
        production and sales commenced from the middle of November
 1988.
 
 1988 - The First lifts with Schindler design was installed.
 
 1990 - The technical collaboration agreement with Siemens A.G. of
        Germany was renewed for the manufacture of power
 transformers.
 
      - The Company issued 14% non-convertible debentures for Rs 250
        lakhs to financial institutions on private placement basis.
        These debentures are redeemable with 5% premium in three
 annual
        instalments of Rs 35 per debenture on 6.11.1996, 6.11.1997
 and
        6.11.1998, the installment on 6.11.1997 being inclusive of
 the
        premium of Rs 5.
 
 1991 - The Company had received the All India Best Productivity
        Performance Award for the year 1990-91 in the category of
 Heavy
        Engineering including Power Distribution and Transmission
        Equipment Industry and Machine Tools Industry.
 
      - A technical Collaboration Agreement was entered into with
 Siemens
        Engineering and Manufacturing Co. of India Pvt. Ltd., for the
        Manufacture of motors and transformers.
 
 1992 - The Sales and profitability of the motor division were
 adversely
        affected due to stagnant demand for the products.
 
      - 141,289 bonus equity shares issued in prop. 1:1 in January
 1993.
 
 1995 - The company had once again won the award for the best stall
 at
        ELECRAMA 96, an exhibition organised at Mumbai by the Indian
        Electrical & Electronics Manufacturers Association during
        January, 1996.
 
      - 282,578 No. of equity shares, allotted as fully paid bonus
 shares
        in the ratio of 1:1.
 
 1996 - The Company has once again won the award for the best stall
 at
        ELECRAMA 96, an exhibition organised at Mumbai by the Indian
        Electrical & Electronics Manufacturers Association during
        January.
 
      - The Company has a collaboration with Invention AG of
 Switzerland
        for lifts.
 
 1997 - The Company produces a modern and wide range of lifts and
        operates from more than twenty cities nationwide.
 
      - Due to adverse economic conditions and poor industrial
        investment, finalisation of project tenders continues to be
        deferred, affecting receipt of orders and execution.
 
      - The first DC drive was commissioned and is undergoing
 rigorous
        field trials.
 
      - The Company has a collaboration with Inventio AG of
 Switzerland
        for lifts.
 
      - Schindler had entered into a technical tie-up with Bharat
 Bijlee
        10 years ago for manufacture of lifts.
 
 1998 - Due to delays in plans far Power Generation, Transmission and
        Distribution in government as well as private sector, the
 demand
        for transformers has gone down resulting in very competitive
        market conditions.
 
      - Mr. N. Balakrishnan has been appointed a Director in the
 casual
        vacancy caused by the resignation of Mr. Keshav V Natoo.
 
 1999 - ISO 9001 recertification was obtained during the year.
 
      - The 1,50,000 14% Non Convertible Secured Debentures (I Series)
 of
        Rs.100 each have been fully redeemed.  The last installment
 of
        Rs. 40.74 lakhs has been paid on 30th April, 1998,
 
      - The 2,50,000 14% Non Convertible Secured Debentures (III
 Series)
        of Rs. 100 each have also been fully redeemed.  The last
        installment of Rs. 87.50 lakhs has been paid on 6th November,
        1998.
 
      - The three year term Wage & Productivity settlement was signed
        with the Union in September, 1998.
 
 
 2008
 
 -Bharat Bijlee Ltd has informed that the equity shares of the Company
 have been delisted from The Delhi Stock Exchange Association Ltd (DSE)
 w.e.f. March 31, 2008.