Bajaj Steel Industries Ltd Share Price

Description

• Bajaj Steel Industries Ltd, a significant part of Bajaj Group of Industries, is an India-based company. The company is engaged in the in the manufacture and sale of machinery for cotton ginning and pressing used for preparing textile fabrics in India and internationally. The company is the only company in the world producing machineries for all cotton ginning technologies. The company operates in two business segments: steel division and plastics division. The products manufactured by the company include ginning machine, cotton ball opener, cotton baling press, cotton pre-cleaner, lint cleaner, auto feeder, cotton seed delinting machine, decorticator, hull beater, cotton seed cleaner and linter cleaner. In addition, they also offer humidification systems, various components, parts and turnkey projects for cotton ginning and pressing plants, and parts manufacturing for automobile and ordinance factories. The company is having world class engineering setup in their various plants situated in and around Nagpur. The cotton ginning automation and cotton pressing machineries are manufactured in collaboration with Central Institute of Research on Cotton Technology, Govt. of India. The company exports their products to various countries including Bangladesh, Kenya, Madagascar, Malaysia, Myanmar, Nigeria, Sri Lanka, Uganda etc. Bajaj Steel Industries Ltd was incorporated on February 14, 1961 as a private limited company. The company was promoted by Hargovind Bajaj. They started into industrial activity as steel re-rollers. In the year 1965, they developed a double roller cotton gin for separating cotton from seed. In October 4, 1985, the company was converted into a public limited company. During the year 1995-96, the company increased the production capacity of Sacks/ Fabrics by 1000 MT to 6400 MT. During the year, 1996-97, they further increased the production capacity of Sacks/ Fabrics by 2550 MT to 8950 MT During the year 2001-02, the company increased the production capacity of Master Batches from 5136 MT to 6000 MT. During the year 2006-07, the company closed down the woven sack / fabric unit situated at Sausar Dist, Chhindwara in Madhya Pradesh as the unit was incurring continuous losses. During the year 2008-09, the company received fifteenth Lalit Doshi Memorial award 2008-09 from SICOM Ltd, at the award function held at Mumbai on August 4, 2009 as best SICOM assisted unit. The company was exploring the possibility to sale/ dispose/ transfer of their undertaking/ division namely `Superpack Division` with all liabilities & assets of such division to any prospective Buyer/ Acquirer whether Individual or Body Corporate as the division had been incurring continuous losses. The company entered into technical collaboration for manufacturing of saw gin, rotobar gin and other equipments earlier manufactured by Continental Eagle Corporation, USA to manufacture them in India.

• Bajaj Steel Industries Ltd, a significant part of Bajaj Group of Industries, is an India-based company. The company is engaged in the in the manufacture and sale of machinery for cotton ginning and pressing used for preparing textile fabrics in India and internationally. The company is the only company in the world producing machineries for all cotton ginning technologies. The company operates in two business segments: steel division and plastics division. The products manufactured by the company include ginning machine, cotton ball opener, cotton baling press, cotton pre-cleaner, lint cleaner, auto feeder, cotton seed delinting machine, decorticator, hull beater, cotton seed cleaner and linter cleaner. In addition, they also offer humidification systems, various components, parts and turnkey projects for cotton ginning and pressing plants, and parts manufacturing for automobile and ordinance factories. The company is having world class engineering setup in their various plants situated in and around Nagpur. The cotton ginning automation and cotton pressing machineries are manufactured in collaboration with Central Institute of Research on Cotton Technology, Govt. of India. The company exports their products to various countries including Bangladesh, Kenya, Madagascar, Malaysia, Myanmar, Nigeria, Sri Lanka, Uganda etc. Bajaj Steel Industries Ltd was incorporated on February 14, 1961 as a private limited company. The company was promoted by Hargovind Bajaj. They started into industrial activity as steel re-rollers. In the year 1965, they developed a double roller cotton gin for separating cotton from seed. In October 4, 1985, the company was converted into a public limited company. During the year 1995-96, the company increased the production capacity of Sacks/ Fabrics by 1000 MT to 6400 MT. During the year, 1996-97, they further increased the production capacity of Sacks/ Fabrics by 2550 MT to 8950 MT During the year 2001-02, the company increased the production capacity of Master Batches from 5136 MT to 6000 MT. During the year 2006-07, the company closed down the woven sack / fabric unit situated at Sausar Dist, Chhindwara in Madhya Pradesh as the unit was incurring continuous losses. During the year 2008-09, the company received fifteenth Lalit Doshi Memorial award 2008-09 from SICOM Ltd, at the award function held at Mumbai on August 4, 2009 as best SICOM assisted unit. The company was exploring the possibility to sale/ dispose/ transfer of their undertaking/ division namely `Superpack Division` with all liabilities & assets of such division to any prospective Buyer/ Acquirer whether Individual or Body Corporate as the division had been incurring continuous losses. The company entered into technical collaboration for manufacturing of saw gin, rotobar gin and other equipments earlier manufactured by Continental Eagle Corporation, USA to manufacture them in India.