Mukand Ltd Company History

Enters the capital market with a rights issue of shares in the ratio of nine shares for every four shares held to raise Rs 50.64 crore. The offer price is Rs 10 per share

Jamnalal Sons Pvt. Ltd. have acquired 205,35,981 equity shares representing 28.076% of the total paid up capital of Mukand Ltd

Mukand Ltd has appointed Shri. K M Jayarao as the Nominee Director of ICICI Bank Ltd on the Board of the Company in place of Smt. Vishakha Mulye with effect from May 10, 2007.

Kalpataru emerges as highest bidder for Mukand's Kurla foundry.

Mukand Ltd has earmarked an investment of Rs 120 crore to increase alloy steel capacity by 40 per cent and stainless steel by nearly 80 per cent within a couple of years.

Shri. K. J. Mallya, a qualified Company Secretary has been appointed as Company Secretary of the Company.

The Board of Directors has recommended payment of dividend (including arrears) @ 0.01% on the Preference capital of the Company.

"Shri K.M. Jayarao has been appointed as the Nominee Director of ICICI Bank Ltd. on the Board of the Company.

Joint Venture Agreement with Vini Iron & Steel Udyog Ltd for captive mining of coal block in the State of Jharkhand as per the letter for allocation of coal block issued by Government of India, Ministry of Coal.

Shri Amit Yadav has been appointed as the Director of the Company.

Mukand Bekaert Wire Industries Pvt. Ltd. was formed as a 50:50 Joint Venture of Mukand Ltd. and NV Bekaert SA.

"Formation of Joint Venture with Sumitomo Corporation, Japan & sale of Cold Finished Bars & Wires Business to subsidiary, Technosys Metal Processing Ltd."

Mukand has announced Rights in the Ratio of 1:1.

Mukand Ltd has partnered with Sumitomo Corporation, Japan (SC) to engage in the business of rolling and finishing of alloy steel.

Mukand Limited Signed PDA For 43.75 MW AC Group Captive Solar Plant With Tata Power Renewable Energy Limited.