Balaji Industrial Corporation was incorporated on Mar. 13 1984, in the name of Arun Ingots. It was promoted by Lalitha Sankar, S.B. Sankar Sankaranarayanan, and G.S. Venkataraman & S.P. Swamy. The Company became public on January 22, 1992. However in the year 1994 the name of the Company was changed to Balaji Industrial Corporation. Balaji Industrial Corporation is based at Nellore, India.
Prabha Engineering Company and Sai Engineering Works are the associates of the company.
The company is engaged in Indian Made Foreign Liquor , contract manufacturing and steel products. It is one of the largest producers of liquor in Andhra Pradesh. It has a distillery in Hyderabad of 24, 00,000 cases per annum capacity. The company has a steel plant to produce ingots and structural steel from mild scrap and a re-rolling plant.
History of the company:-
1984-The company was incorporated on 13March in the name of Arun Ingots Pvt. Ltd. The Company was promoted by Lalitha Sankar,S.B. Sankar Sankaranarayanan, and G.S. Venkataraman & S.P. Swamy. The Company was converted into a Public Limited Company on January 22, 1992. 1992:-
The name of the Company has been changed to Balaji SteelCorporationLimited on 30th March.
The installed capacity of 49,500 tonnes of tursteel and steel sections were to be increased in a phased manner to 34,650 tonnes and 44,500 tonnes during the first year and 3rd year respectively.
The Company has closed down its shipping division by selling its Ship `Balaji Diplomat` in the year 2000. In February, 2000, Balaji Industrial Corporation becomes Sick Industrial Company under SICA.