Bharat Wire Ropes Ltd Share Price

Description

• Bharat Wire Ropes Limited is one of the largest manufacturers of Wire, Wire Ropes, Stranded Wires and Slings in India, with an increasing global presence, catering more than 30 countries globally. The company exports its varied products to USA, Singapore, Australia, South Africa, Kuwait, New Zealand, Vietnam, Bangladesh and Nepal. The company has a diverse product mix which includes General Purpose Ropes, Fishing Ropes, Crane Ropes, Structural Ropes, Elevator Ropes, Mining Ropes, Oil & Gas Ropes & Shipping Ropes. The company caters to a rich mix of clients ranging from Overseas Consumers, Private Players, the entire Indian Defense Segment and Government and Semi - Government Organizations. Providing service to a variety of clients has helped the company develop versatility which makes it better equipped to handle diverse/heterogeneous kinds of enquiries. The company also has a Pyrolysis plant with an installed capacity of 1,260 MTPA at Chalisgaon, Maharashtra for production of oil, which is used as fuel in its current manufacturing process. Bharat Wire Ropes has a well-diversified customer base of more than 500 large and medium size customers across the globe and country from different industries including oil & gas, mining, fishing, ports & marine, elevator, power transmission, railways, construction, infrastructure, defense, crane manufacturers, among others. Bharat Wire Ropes Ltd was incorporated as Bharat Ropes Private Limited on July 24, 1986. Subsequently, the company became a public limited company on June 10 1992. The name of the company was changed to Bharat Wire Ropes Ltd on July 5, 1996. Until the year 2010, the company was owned, managed and controlled by the Shah Group. Subsequently, in the year 2010, one of the corporate Promoter - Gaji Mercantile Private Limited purchased 1,06,75,490 equity shares of the company and accordingly, the management of the company changed. Bharat wire is an ISO 9001:2008 certified company. It also holds product approvals from RDSO, CORE, DGMS, PGCIL, IRS etc. for various ropes and wire products. Bharat Wire Ropes raised capital by issuing 1,55,55,555 Equity Shares of Rs. 10/- each per shares for a premium of Rs. 35/- per share to the public at the end of the financial year 2015-16 and got listed on National Stock Exchange of India Limited and BSE Limited on 1 April 2016. The company commenced commercial production on 22 March 2017 at its Chalisgaon, Maharashtra factory which has an installed capacity of 66,000 MTPA which is further enhancing its capacity to manufacture wire ropes, structural strands and slings. During the financial year ended 31 March 2018, Bharat Wire Ropes entered into understanding and arrangement with Bridon Bekaert Ropes Group Limited(Bridon) for 5 years, wherein Bridon shall be sourcing ropes of various configuration from Bharat Wire Ropes for its global requirements and Bharat Wire Ropes will be representing Bridon in Indian markets for special ropes which are not present in the manufacturing range of Bharat Wire Ropes Limited. Both the companies will explore jointly all avenues of quantum increase in business share in the respective domain by exchanging expertise and knowledge wherever necessary.

• Bharat Wire Ropes Limited is one of the largest manufacturers of Wire, Wire Ropes, Stranded Wires and Slings in India, with an increasing global presence, catering more than 30 countries globally. The company exports its varied products to USA, Singapore, Australia, South Africa, Kuwait, New Zealand, Vietnam, Bangladesh and Nepal. The company has a diverse product mix which includes General Purpose Ropes, Fishing Ropes, Crane Ropes, Structural Ropes, Elevator Ropes, Mining Ropes, Oil & Gas Ropes & Shipping Ropes. The company caters to a rich mix of clients ranging from Overseas Consumers, Private Players, the entire Indian Defense Segment and Government and Semi - Government Organizations. Providing service to a variety of clients has helped the company develop versatility which makes it better equipped to handle diverse/heterogeneous kinds of enquiries. The company also has a Pyrolysis plant with an installed capacity of 1,260 MTPA at Chalisgaon, Maharashtra for production of oil, which is used as fuel in its current manufacturing process. Bharat Wire Ropes has a well-diversified customer base of more than 500 large and medium size customers across the globe and country from different industries including oil & gas, mining, fishing, ports & marine, elevator, power transmission, railways, construction, infrastructure, defense, crane manufacturers, among others. Bharat Wire Ropes Ltd was incorporated as Bharat Ropes Private Limited on July 24, 1986. Subsequently, the company became a public limited company on June 10 1992. The name of the company was changed to Bharat Wire Ropes Ltd on July 5, 1996. Until the year 2010, the company was owned, managed and controlled by the Shah Group. Subsequently, in the year 2010, one of the corporate Promoter - Gaji Mercantile Private Limited purchased 1,06,75,490 equity shares of the company and accordingly, the management of the company changed. Bharat wire is an ISO 9001:2008 certified company. It also holds product approvals from RDSO, CORE, DGMS, PGCIL, IRS etc. for various ropes and wire products. Bharat Wire Ropes raised capital by issuing 1,55,55,555 Equity Shares of Rs. 10/- each per shares for a premium of Rs. 35/- per share to the public at the end of the financial year 2015-16 and got listed on National Stock Exchange of India Limited and BSE Limited on 1 April 2016. The company commenced commercial production on 22 March 2017 at its Chalisgaon, Maharashtra factory which has an installed capacity of 66,000 MTPA which is further enhancing its capacity to manufacture wire ropes, structural strands and slings. During the financial year ended 31 March 2018, Bharat Wire Ropes entered into understanding and arrangement with Bridon Bekaert Ropes Group Limited(Bridon) for 5 years, wherein Bridon shall be sourcing ropes of various configuration from Bharat Wire Ropes for its global requirements and Bharat Wire Ropes will be representing Bridon in Indian markets for special ropes which are not present in the manufacturing range of Bharat Wire Ropes Limited. Both the companies will explore jointly all avenues of quantum increase in business share in the respective domain by exchanging expertise and knowledge wherever necessary.