Nexxus Petro Industries Ltd

History of Nexxus Petro Industries Ltd

Nexxus Petro Industries Limited was originally incorporated as 'Nexxus Petro Industries Private Limited' as a private limited company, dated October 05, 2021 issued by the Assistant Registrar of Companies, Central Registration Center. Thereafter, Company converted into a Public Limited Company under the name, 'Nexxus Petro Industries Limited' and a fresh Certificate of Incorporation dated July 18, 2023 was issued by Registrar of Companies, Ahmedabad. Company is a rapidly growing provider of Bitumen (Asphalt) solutions in (Bharat) India. It manufactures, supplies, imports, and distributes high quality Bitumen, Bitumen Emulsions, and Special Bituminous Allied Products to infrastructure/construction companies, government, Road Authorities, and the Bitumen Industry in general. NEXXUS operates state-of-the-art, fully automated and computerized emulsion and modified bitumen plants, ensuring precision, efficiency, and consistent product quality. It manufacture various types of value-added bitumen products including Polymer Modified Bitumen (PMB) and Crumb Rubber Modified Bitumen (CRMB) and Emulsions. Presently, the Company procure bitumen via imports from Dubai as well as purchase from other domestic importers/sellers in India. It further processes the bitumen at processing units located at Mundra, Gujarat. Apart from sale of processed bitumen, it trade in bitumen by directly selling it to customers as per the requirement. On September 30, 2024, Company launched the IPO b ...y issuing 18,50,400 equity shares of Rs 10 each by raising Rs 19.43 crore through fresh issue.