Southern Iron and Steel Ltd.

YEAR                                                    EVENTS
 1991 - The Company was  incorporated on 11th September, is a new
 Public Limited Company
              promoted by Lakshmi Machine Works Limited (LMW) and
 Tamilnadu Industrial 
              Development Corporation Limited (TIDCO).  The
 Certificate of Commencement of 
              Business was obtained on 1st November.  
 
           - The Company is setting up an Integrated Steel Plant at
 Pottaneri and M- Kalipatti 
              Villages, Salem District for the manufacture of 30,000
 tpa of Pig Iron, 1,60,000 tpa of
              Mild Steel and 60,000 tpa of Low Carbon Alloy Steel.
 
 1995 - The Company has signed agreements with Tamil Nadu Electricity
 Board (TNEB) for 
              supply for a maximum demand of 840 KVA permanent power
 for intake water pumphouse
              at Mettur and supply for a maximum demand of 4230 KVA HT
 to Plant at Pottaneri village.
 
 1996 - The Company has acquired and obtained possession of the entire
 land required for the
              Steel making project.
 
 1997 - Thiru. N.S.S. Murthy, resigned as Director of the Company
 effective from 29th September.
 
           - Thiru. P.C. Cyriac, IAS., Secretary to Govt. Industries
 Department, Government of Tamil 
              Nadu resigned as Director effective from 10th November
 and Thiru. M.S. Srinivasan, IAS.,
              has been appointed as Director in his place. 
 
 1998 - The Company commissioned the Sinter Plant which is a part of
 the manufacturing process
               of Pig Iron.  
 
            -  90,15,800 Nos. OCD of Rs. 30 each outstanding carry
 right to convert into equal number of
                equity shares of Rs. 10/- each at a premium of Rs.
 20/- per share. 
 
 1999 - During the year, the Company has allotted 5,39,850 Nos. of
 equity shares of Rs. 10/ - each
              on conversion of Optional Convertible Debentures.
 
             - ICICI nominated Thiru. S. Kishore as Director on the
 Board of the Company with effect from
               16th May, 1999 in place of Thiru. S.P.Nagarkatte.
 
            - The terms of appointment of Thiru. Jacob Paulraj,
 Managing Director expired on 11th May,
              and the Board of Directors passed a resolution by
 circulation, dated 10th May, re-appointing
              Thiru. Jacob Paulraj as Managing Director for a period
 of two years with effect from 12th May.
 
 2000 - The Company has allotted 16% cumulative redeemable
 non-convertible 
              preference shares of Rs 10/- each at par amounting to Rs
 30 crores to ICICI Ltd.
              on private placement basis.
 
           - The Company promoted by the Coimbatore-based LMW group in
 the joint sector
              with Tidco, after a successful trial production from its
 recently commissioned steel
              making facility, is set to commercially launch bars and
 rods.
 
 2005
 
 - Southern Iron and Steel Company (Siscol), which was recently
 acquired by the O P Jindal Group, on January 4, 2005 announced Rs 580
 crore expansion programme in two phases to hike its capacity to one
 million tonnes by Dec 2006.