1970
 
 - The Company was incorporated on 27th June, at Chandigarh, Haryana.
 The Company Manufacture agricultural tractors, power tillers,
 agricultural machinery and implements, forklifts, trucks and
 sophisticated engineering equipment.  The tractors are marketed
 under
 the brand name SWARAJ.  The Company was promoted by Punjab State
 Industrial Development Corporation Ltd.
 
 - The project is based on the know-how and technology developed by
 Central Technical Engineering Resereach Institute (CMERI), Durgapur
 and
 licensed through the National Research Development Corporation
 (NRDC),
 New Delhi.
 
 - 4,52,000 No. of equity shares subscribed for by promoters, etc.
 85,000 No. of Equity Shares allotted to Indian Govt. 3,000 pref. 
 and
 5,63,000 No. of Equity shares offered to the public in August 1972.
 
 1979
 
 - 2,550 forfeited equity shares either reissued or forfeiture
 annulled.
 
 1980
 
 - Authorised capital increased.  4,40,000 bonus equity shares issued
 in
 the prop. 2:5.
 
 1983
 
 - The Company entered into technical collaboration agreement with
 Komatsu Forklift Co. Ltd., of Japan for the manufacture of diesel
 electric Komatsu forklifts.
 
 1985
 
 - 15,016 Pref. shares redeemed.
 
 1986
 
 - 14,984-9.5% pref. shares redeemed on 7th November, 1987.
 
 1987
 
 - In the second quarter, of the year tractor plant had to be locked
 out
 from 21st March, due to labour unrest.  This lock-out was lifted on
 3rd
 June.
 
 1989
 
 - The Company embarked on an expansion programme involving an outlay
 of
 Rs 36 crores during the next 2-3 years which comprises the
 following:
 (i) Raising tractor capacity to 22,000 nos.; (ii) Raising capacities
 in
 the foundry and harvester combine divisions; (iii) Setting up
 separate
 facilities for R&D and spare parts and (iv) Reinforcing market
 presence
 in key locations in the country.  This expansion was to be financed
 through internal generation, additional equity capital and term
 loans.
 
 - In 1987, 15,40,000 rights shares issued (prem. Rs 50 per shares;
 prop. 1:1).  Another 77,000 shares offered to employees (prem. Rs 50
 per shares).  All were taken up.
 
 1990
 
 - 15,78,500 Rights equity shares issued (prem. Rs 60 per share;
 prop,
 1:2).  Additional 2,36,775 shares allotted to retain
 oversubscription.
 Another 90,700 shares allotted to employees including 11,800 shares
 to
 retain oversubscription (prem. Rs 60 per shares).
 
 1992
 
 - 50,62,975 bonus equity shares issued in prop. 1:1.
 
 1993
 
 - The Company had set up a separate division to promote exports.
 
 1996
 
 - The Company proposed to expand tractor capacity to 60,000 nos. 
 per
 annum.
 
 - The Company entered into a joint venture agreement with Swaraj
 Mazda
 Ltd. (SML).  Mazda Motor Corporation and Sumitomo Corporation of
 Japan.
 
 - 101,25,950 shares issued as bonus in prop. 1:1.
 
 1997
 
 - The company has an installed capacity for 36,000 units.  And it is
 currently expanding it to 60,000 tractors (in two-shift basis) by
 March
 1999.
 
 - As the company issued a 1:1 bonus during the year, allotted last
 February, the dividend works out to 160 per cent on the pre-bonus
 equity, thus improving on its last year's figure of 125 per cent.
 
 1998
 
 - The company is the third-largest manufacturer of tractors in India
 and the market leader in the below-20 hp and above-50 hp tractor
 segments.
 
 - The company launched a single-cylinder variant of the 25-hp model
 as
 well as a double-cylinder model in the 35-hp class while it launched
 a
 48-hp model in October, 1999, Product-design and customization have
 been the 2 pillar of Punjab Tractors' success.
 
 - The company also has a strong distribution network in the northern
 market.
 
 - PTL has introduced tractors based on indigenous technology and
 they
 have been extremely successful in the Indian markets.
 
 - The company also has manufacturing facilities for fork-lifts,
 harvester combines and tractors at Hoshiarpur, which is close to its
 Ropar plant.
 
 1999
 
 - Punjab Tractors is a leading player in the tractor industry with
 Swaraj brand name.
 
 - The company has a strong financial background and a
 well-established
 presence in the North.
 
 2000
 
 - The Company has recommended a bonus issue of two shares for every
 one
 share held.
 
 2001
 
 -PTL has posted a net profit of Rs.112.52cr as against the same
 period of last year.
 
 2002
 
 -Punjab Tractors Ltd, to expand its product range with six models by
 lauching 
 3 more in different segments in next two years.
 
 -Mahindra & Mahindra expresses its interest to buy the stake in
 Punjab Tractors.
 
 -Punjab Tractors Ltd has facinated expression of Interest from 21
 merchant bankers
 including DSP Merill Lynch, Lazard India, Earnst and Young etc.
 
 -Punjab Tractor's Board of Directors have re-inducted the company's
 vice chairman
 and managing director, Yash mahajan for another two years.
 
 2003
 
 -The disinvestment of Rs.1000cr reached the deadline for transfer of
 management control
 post-buyout.
 
 -Punjab Government winds up the offload of its controlling equity in
 Punjab Tractors.
 
 -The disinvestment of Punjab Tractors has hit a roadblock with
 Financia Institutions
 refusing to accept the Punjab Government's request to amend the
 articles of
 assiciation.
 
 -South Asia Regional Fund would play a crucial role in deciding
 majority control of
 punjab Tractors, post disinvestment, merchant banking.
 
 -Punjab Tractors posted a net profit of Rs.57million as compared to
 Rs.140 million.
 
 -SEBI has called for trading data from NSE & BSE, and has started
 interferring 
 into the price movements of Punjab Tractors Scrip.
 
 -Government has provided permission to 17 Foreign Direct Investment
 proposals
 to invest worth Rs.588.54cr, which includes CDC-PTL Holdings'
 proposal to invest
 money to acquire stakes.
 
 -Foreign Investment Promotion Board has given permission for CDC-PTL
 Holdings Ltd.,
 to pick up 23.49% stake in Punjab Tractors Ltd.
 
 -Punjab Tractors ties up with Corporation Bank and Bajaj Tempo Ltd
 for financing 
 tractors bought by farmers.
 
 2004
 
 -Industrial Development Bank of India (IDBI) sells 1,224,695 shares
 amounting to 2.02% of the paid up capital of the company, reduces its
 stake in the company to 5.27%
 
 -Ties up with Bank of Baroda for financing tractor purchases
 
 -Bank of India inks pact with Punjab Tractors
 
 -Vijaya Bank has entered into a Memorandum of Understanding with
 Punjab Tractors Limited with a view to help farmers purchase tractors
 on softer term loans
 
 2005
 
 -SBT inks pact with Punjab Tractors on Jan 18,2005
 
 -PD Narang is new chairman of Punjab Tractors
 
 2006
 
 -Pnjab Tractors Ltd. has informed Dr. S.Narayan, former Revenue
 Secretary, Govt. of India and Shri Sachit Jain, Executive Director,
 Vardhman Group have been co-opted as Additional Directors of the
 Company.
 
 -Punjab Tractors Ltd has informed that at the meeting of Board of
 Directors of the Company held on October 19, 2006, Dr S Narayan,
 former Revenue Secretary, Govt of India and Shri Sachit Jain,
 Executive Director, Vardhman Group have been co-opted as Additional
 Directors of the Company.
 
 2007
 
 -Punjab Tractors Ltd has appointed Shri. Anjanikumar Choudhari as
 Chairman of the Company.