Bhansali Engineering Polymers Ltd Share Price

History of Bhansali Engineering Polymers Ltd

Bhansali Engineering Polymers Limited (BEPL) was incorporated on 9 April, 1984 as Bhansali Steels Limited. It commenced business on 16 May 1984. The name was changed to Bhansali Engineering Polymers Limited on 4 January, 1986 by setting up a project for manufacture of acrylonitrile butadiene styrene (ABS) resins. A fresh certificate of incorporation was issued on 23 January, 1986. At present, Company is engaged in manufacturing of ABS and SAN resins which is classified under the category of Highly Specialized Engineering Thermoplastics and is presently having manufacturing facilities at Abu Road, Rajasthan and Satnoor, Madhya Pradesh. BEPL has been promoted by B M Bhansali and Jayesh B Bhansali in association with the Madhya Pradesh Audyogik Vikas Nigam (MPAVN), an industrial developme ...nt corporation of the state government of Madhya Pradesh. In May '89, the company came out with a public issue of 36 lac equity shares at par aggregating Rs 3.6 cr. The proceeds of the issue were utilised to part-finance a Rs 25.25-cr project to manufacture 6000 tpa of ABS resin in technical collaboration with Sumitomo Chemical Engineering Company, Japan The plant is located in the Chindwara district of Madhya Pradesh. Company's product is well established in the international market & confident that will achieved higher export growth in coming years. Company has received ISO 9002 Quality Standard Certificate from KPMG for manufacture & marketing of Acrylonitrile Butadiene Styrene (ABS) ploymers and Compounds. During 1999-2000, the company has entered into an agreement with M/s Polychem Ltd, for acquiring their ABS/SAN unit at Vadodara as a going concern. The company installed new FBC boiler and commissioned it. The capacity of ABS/SAN was expanded from 27000 TPA to 30000 TPA. As part of the expansion in production capacity of ABS Resins, the installed capacity was increased from 30000 TPA to 48000 TPA during 2003-04 . The Company commissioned the compounding capacity expansion project at its Abu Road plant from existing 100 KTPA to 137 KTPA in 2018-19. It incorporated a Joint Venture Company, Bhansali Nippon A&L Private Limited in 2020-21. In 2023, it enhanced the capacity of both ABS Production plants resulting an increase in the Overall ABS production from 65,000 TPA to 75,000 TPA which became effective from 1st April, 2022. Further, the Company had appointed Toyo Engineering India Private Limited (TOYO') as Engineering consultant for Front End Engineering Design (FEED) and CAPEX Cost Estimation for enhancing ABS production capacity from 75000 TPA to 200000 TPA at Company's existing plants at Abu Road and Satnoor in FY 2024-25.