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Balaji Amines Ltd.

BSE: 530999 Sector: Industrials
NSE: BALAMINES ISIN Code: INE050E01027
BSE LIVE 15:52 | 22 Sep 350.35 -19.60
(-5.30%)
OPEN

365.15

HIGH

365.15

LOW

348.25

NSE 15:31 | 22 Sep 352.50 -19.50
(-5.24%)
OPEN

372.00

HIGH

372.00

LOW

349.70

OPEN 365.15
PREVIOUS CLOSE 369.95
VOLUME 3847
52-Week high 401.10
52-Week low 271.10
P/E 13.94
Mkt Cap.(Rs cr) 1,135
Buy Price 350.35
Buy Qty 197.00
Sell Price 0.00
Sell Qty 0.00
OPEN 365.15
CLOSE 369.95
VOLUME 3847
52-Week high 401.10
52-Week low 271.10
P/E 13.94
Mkt Cap.(Rs cr) 1,135
Buy Price 350.35
Buy Qty 197.00
Sell Price 0.00
Sell Qty 0.00

Balaji Amines Ltd. (BALAMINES) - Company History

Promoted by the KPR group, Balaji Amines (BAL) was incorporated in 1988. It is presently managed by M R Krishnaih, Chairman of the company. On May '95, it came out with a public issue of 9.63 lac equity shares (premium : Rs 30), aggregating Rs 3.85 cr to part-finance expansion plans for ethylamines and forward integration for the manufacture of derivatives of methyl and ethyl amines, totalling to Rs 10 cr. The company is a leading manufacturer of ethyl and methyl amines which have various applications in chemical industries. Apart from this, it has now diversified into producing derivatives of methyl and ethyl amines, namely, dimethyl amine hydrochloride, choline chloride, dimethyl acetamide, etc. At present, BAL suppliers to various blue chip companies like IDI, Hoechst, Rallis, Ion Exchange, Cheminor Drugs, TTK Pharma, etc. In 1997-98, the company has successfully commenced the commercial operation of its main plant (Ethyl Amines) from June, 1997. Expansion programme has been taken up for value-added products like Choline Chloride,DMAE-HCI and other intermediates at a cost of Rs.500 lacs.The project has been appraised by State Bank of Hyderabad and Bank of India for a term loan of Rs.290 lacs and Rs.100 lacs respectively.The balance would be met out by the internal accruals of the company.The project would be implemented on phases and the first phase is likely to be commissioned during the current year 2001-2002.