The Company was incorporated at Chandigarh on 18th Dec. 1975 for
 manufacture of Caustic Soda, liquid chlorine, hydrochloric acid and
 calcium hypochlorite.
 
 The Company was originally incorporated under the name Punjab
 Alkalies Limited.  The name was changed to Punjab Alkalies &
 Chemicals Ltd. on 19th April, 1983.  The Company was promoted by
 Punjab State Industrial Development Corporation Ltd. (PSIDC).
 
 The Company entered into two agreements, both dated 19th March, 1981
 with UHDE GmbH, West Germany (UHDE) for supply of process know-how an
 imported equipment and delegation of technical personnel to the
 company for technical supervision of the start-up of the plant
 including test run.  The Company also entered into an agreement with
 UDHE India Ltd.(UIL), the Indian Subsidiary of UDHE, for providing
 design and detailed engineering for the project as well as assistance
 for
 procurement of indigenous items, Supervision of erection of plant and
 machinery and commissioning activities.  UIL was to be paid Rs 27.5
 lakhs for its engineering services and 25.7 lakhs for procurement
 services in addition to payment for deputation of its engineers to
 the plant site, UDHE was to be paid DM 58,44,000 for supplying
 equipment.
 
 The Company selected the Mercury Cell technology of UDHE, on account
 of its proven record of performance all over the world and overall
 lower capital investment and operating costs.
 
 Commercial operations began on 1st Feb. 1984.  The Company's flakes
 marketed under the brand name SUTLUJ were well received in the
 market.
 
 During 1988-89 capacity utilisation and turnover amounted to 98.6%
 and Rs 18.39 crores respectively.  In 1989-90, the capacity
 utilisation showed further improvement.  The working results in terms
 of turnover and profits also showed remarkable improvement over the
 previous period.
 
 In September, 1984 production of hydrogen commenced.  Industrial
 Licence was obtained for the manufacture of Sodium Hypochlorite and a
 Project for the conversion of Waste brine Sludge into useful products
 was under implementation.  The 20 tonnes per day sodium hypochlorite
 unit was completed during 1986-87. The product was to be sold under
 brand name SATLUJ.
 
 The Company also applied for a licence to set up another 100 tonnes
 per day Caustic Soda Plant at a cost of Rs.50 crores based on the
 membrane Cell technology.
 
 2002
 
 -Punjab Alkalies & Chemicals Ltd has informed that Punjab State
 Industrial Development Corporation Ltd has nominated Mukul Joshi,
 IAS, Principal Secretary to the Govt. of Punjab, Department of
 Industries & Commerce, as Director and Chairman of the Board of
 Directors of the Company in place of Mr Ramesh Inder Singh, IAS w e f
 March 15, 2002.
 
 -Harinder Singh Dhillon ceases to be Director of Punjab Alkalies &
 Chemicals.
 
 -S P Gupta resigns as Director from the Board of Punjab Alkalies &
 Chem.
 
 2003- Company Informed that it has become a Sick Industrial Company
 and accordingly the company has filed the necessary reference with
 the BIFR .
 
 -Punjab Alkalies & Chemicals case registered with BIFR