Bharat Wire Ropes Limited was incorporated as 'Bharat Ropes Private Limited' on July 24, 1986, at Mumbai, Maharashtra. The status of the Company got changed into a Public Limited Company and the name of the Company was changed to Bharat Ropes Limited on June 10, 1992 and again to Bharat Wire Ropes Limited w.e.f. July 5, 1996.
Company is one of the largest manufacturers of Wire, Wire Ropes, Stranded Wires and Slings in India, with an increasing global presence, catering more than 50 countries globally. The company exports its varied products to USA, Singapore, Australia, South Africa, Kuwait, New Zealand, Vietnam, Bangladesh and Nepal. The existing steel wire ropes manufacturing facility with an installed capacity of 72,000 MTPA is located at Atgaon. 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 into the current manufacturing process.
The Company is engaged in the business of production of Wire, Wire Ropes, Strands, and Slings. It 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 wire ropes, Slings, Spiral Strands are used in general engineering, fishing, elevators, cranes, material handling, power transmission, suspension bridges, onshore / offshore oil exploration, ports and shipping, mining, defence, railways and allied industries. The C ...ompany caters to a rich mix of clients ranging from Overseas Consumers, Private Players, Government and Semi - Government Organizations.
Until year 2010, the Company was owned, managed and controlled by the Shah Group. Subsequently, in 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.
The Company raised capital by issuing 1,55,55,555 Equity Shares through Public Issue aggregating Rs 70 Crore in March, 2016.
In 2016, the Company started project for expansion of wire ropes manufacturing facilities 66,000 MTPA at Chalisgaon, in Dist. Jalgaon of Maharashtra, with estimated cost of Rs. 507.17 Crores.
In 2022-23, the Company acquired 26.72% stake in MITCON Solar Alliance Limited (MSAL) and resulting the acquisition, MSAL became an Associate of the Company.
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FAQs on Bharat Wire Ropes Ltd
1. Can I buy Bharat Wire Ropes Ltd from PL Capital? ›
Yes, you can invest in Bharat Wire Ropes Ltd shares directly through PL Capital. Our platform provides a seamless and secure way to buy, hold, and track Bharat Wire Ropes Ltd stock along with other leading companies listed on the NSE and BSE. Simply open a Demat and trading account with PL Capital, and you’ll be able to trade Bharat Wire Ropes Ltd as well as diversify your portfolio across equities, mutual funds, IPOs, and more.
2. Does Bharat Wire Ropes Ltd pay dividends? ›
Bharat Wire Ropes Ltd does not currently pay dividends. Investors in this case primarily benefit from capital appreciation, where the value of the stock may rise over time depending on business growth and market conditions.
3. What is the current share price of Bharat Wire Ropes Ltd ? ›
As of
01-Jan-1980 , 00:00:00 the share price for Bharat Wire Ropes Ltd. is ₹ 176.51 on the NSE (Note: Prices are dynamic and update frequently during market hours).
4. What is the 52-week high and low of Bharat Wire Ropes Ltd ? ›
The 52-week high and low of Bharat Wire Ropes Ltd share price is ₹ - ₹ as of
01-Jan-1980 , 00:00:00 .
