YEAR                       EVENTS
 1972 - The Nava Bharat Ferro Alloys Limited (NBFAL) was
 incorporated.
        It was Promoted by Dr. D. Subba Rao, a doctorate in
 metallurgy,
        Sri P. Punnaiah, and Sri A.S. Chowdhri.  The Company 
        manufacture Ferro Silicon, calcium silicide, sugar, spirit
 and
        marine products.
 
 1975 - The Company established a factory for the manufacture of
        ferro-silicon by the end of March.
 
 1979 - 1,37,500 No. of equity shares issued at par.
 
 1980 - Industrial and Import licences were obtained for the setting
 up
        of a furnace with a capacity of 2,500 tonnes per annum of
 calcium
        silicide.
 
      - The Deccan Sugar & Abkhari Company, Ltd., was amalgamated
 with
        the Company with effect from 10th December.  Consequently,
 DSA
        became the sugar division of the Company.
 
      - In terms of the Scheme of Amalgamation, 3,64,928 No. of
 equity
        shares of Rs 10 each of the Company were allotted without
 payment
        in cash to the shareholders of DSA in the ratio of 1 equity
 share
        of the Company for every 5 equity shares of DSA.
 
      - 6,87,500 bonus equity shares issued in propn. 1:1.
 
 1981 - 3,64,928 shares allotted to members of The Deccan 1.
 
 1983 - Approval from Government was sought for the manufacture of
 8,000
        tonnes per annum of calcium carbide in the existing furnace
 after
        meeting the internal demand for calcium silicide.
 
 1985 - A scheme of amalgamation of Beardsell Engineering Ltd., a
        subsidiary of Beardsell, Ltd., with the Company was submitted
 to
        the Central Government and to the High Courts of Andhra
 Pradesh
        and Tamil Nadu which was approved in 1986-87.
 
      - In terms of scheme of amalgamation, 48,000 No. of equity
 shares
        of the Company were allotted to the members of Beardsell
        Engineering, Ltd. without payment in cash in the proportion
 two
        equity shares of Rs 10 each of the Company to every equity
 shares
        of Rs 100 held in Beardsell Engineering Ltd.
 
 1987 - During September, the Company issued 1,75,000 non-convertible
       debentures of Rs 100 each on private placement basis.  These
       debentures were to be redeemed at a premium of 5% of the face
        value of each debenture at the end of the 7th, 8th and 9th
 year
        from the date of allotment.
 
 1989 - The Company obtained a letter of intent for the manufacture
 of
        55,000 TPA of silico manganese in the State of M.P.  Also,
        another letter of intent was received for manufacture of
 15,000
        TPA of high carbon ferro chrome in the existing furnace at
        Paloncha intended for manufacture of calcium silicides as a
        measure of diversification.
 
      - The Company undertook to implement an expansion scheme for
        crushing 3000 tcd in a phase manner.
 
      - Effective from 1st April, Necessary approvals were received
 and
        the Andhra Foundry and Machine Co., Ltd. was amalgamated with
        the Company.  As per the scheme framed by BIFR, shareholders
 of
        Andhra Foundry i.e. the amalgamating company were allotted 1
        equity share of Rs 10 each of the company for every 15 equity
        shares of Rs 10 each held by them.
 
      - Accordingly 12,491 No. of equity shares were allotted.  Also,
 the
        preference shareholders of the amalgamating Company were
 issued
        35,000-14% cumulative redeemable preference shares of Rs 100
 each
        of the Company which were to be redeemed in 3 equal annual
        instalments.
 
 1991 - The Company diversified its product-mix as well as entered
 into
        long-term arrangement with TISCO for supply of ferro chrome.
 
      - The Company issued 2,00,000-18% secured redeemable
        non-convertible debentures of Rs 100 each on private
 placement
        basis with Canbank Mutual Fund.
 
      - They are redeemable at a premium of Rs 5 per debenture in
 three
        annual equal instalments on the expiry of 5th, 6th and 7th
 year
        respectively from the date of allotment of debentures i.e. on
        15th October.
 
 1995 - The Andhra Foundry and Machine Co., Ltd. is a subsidiary of
 the
        Company.
 
      - The Nav Chrome Ltd. proposed merger with the Company.
 
      - 42,48,417 Rights equity share of Rs 10 each for cash at a
 prem.
        of Rs 50 per share.
 
 1996 - 28,33,419 No. of equity shares of Rs 10 each allotted as
 fully
        paid up persuant to schemes of amalgamation with Nav Chrome
 Ltd.
        without payment in cash.
 
 1997 - The Electro-Metallurgical Division was severely affected by
        sluggish demand and poor offtake from domestic steel
 industry.
 
      - The Company undertook to establish a unit for the manufacture
 of
        calcium silicide.  An agreement was entered into with
        Energomachexport, Moscow, USSR, for the supply of machinery
 and
        to provide the technical know-how for the project.
 
      - NFAL, one of the largest producers of ferro alloys in the
        country, hopes to reduce the energy cost of the project,
 which
        on achieving economies of scale after the merger of the group
        company, Nav Chrome Ltd, located in Madhya Pradesh,
 
 1998 - NBFAL proposed to raise the money from shareholders on rights
        shares in four equal instalments of Rs.15 each.
 
      - The company proposes to allot them 12 per cent non-cumulative
        preference shares to the extent of reduction in the premium.
 
 1999 - NAVA Bharat Ferro Alloys Ltd (NBFAL), a Hyderabad-based
 company
        engaged in the production of ferro alloys, sugar and power,
 has
        embarked upon a major balancing-cum-expansion programme of
 its
        power plant located at Paloncha in Khammam district of Andhra
        Pradesh.
 
 2000 - Due to the fire accident that occurred in the 50MW power plant
 situated at
              Paloncha, Khammam district, AP, on August 8, one of the
 boilers in the
              power plant was damaged and generation of power reduced
 to 30 MW.
 
 2002
 
 -Nava Bharat Ferro Alloys Limited (NBFAL), ferro alloys manufacturer,
 has shut down its Machine Building Division (MBD) at Nacharam near
 Hyderabad
 
 2003
 
 --An accident has occured in the Ferro Alloys Plant of the NBFL at
 Paloncha on Oct 6 2003
 
 -Deccan Sugars, a company of the Nava Bharat Ferro Alloys Ltd group,
 has entered the retail market by introducing branded sugar
 
 2004
 
 -Nava Bharat Ferro Alloys Ltd has informed that they have received
 intimation from the Madras Stock Exchange Limited approving the
 voluntary delisting of the Company's scrips from the Madras Stock
 Exchange Limited.
 
 -Nava Bharat Ferro Alloys Ltd has informed that the 30 MW Captive
 Power Plant at Dhenkanal, Orissa, of the Company has commenced
 commercial operations
 
 -Nava Bharat Ferro Alloys Ltd has informed that Andhra Pradesh
 Pollution Control Board, Hyderabad, in recognition of excellence for
 the good practices in Cleaner Production and Pollution Control,
 awarded Certificate to the Company's Plant located at Paloncha,
 Khammam District, on the occasion of World Environment Day June 05,
 2004
 
 2006
 
 -Nava Bharat to launch 64 MW power plant
 
 
 2007
 
 -Nava Bharat Ventures Ltd has appointed Sri. N Prakash as IDBI
 Nominee on the Board of Directors of the Company.