Bedmutha wins mega project status from Govt of Maharashtra

Bedmutha Industries Limited one of the biggest player engaged in manufacturer of wire and wire products, have been awarded a mega project status for its expansion plan by government of Maharashtra.

The project was originally awarded for setting up the plant in Dhulia district but after considering the overall project viability it was decided to put up a plant in Nasik. Bedmutha has acquired 52 acres of land in Nasik district for this purpose. The application for change in location is submitted.

Under this expansion, company has planned to put up the project of Rs.307.42 cr for manufacturing of LRPC wire, spring steel wire, galvanized wire, Aluminum rods which will cater to   all infrastructure segments such as Roads, Rails, Metro, Flyovers, and Power etc.

Manufacturing Capacities:
1 LRPC Wires 36000MT
2 Spring Steel Wire 18000MT
3 Galvanised Wire 49000MT
4 Aluminum Rod 42000MT

The project is appraised by Punjab National Bank. It is expected to be fully implemented by March, 2012 and the commercial production will start by April, 2012. The projected turnover with full capacity utilization will be approximately Rs. 1450 cr by March 2014.

Commenting on the Mega Project status Mr. Vijay Vedmutha, MD, Bedmutha Industries Ltd said “We are extremely happy with the trust that government of Maharastra has shown in us. The Mega project status will enable the company to avail tax incentive to the extent of 100% of capital   expenditure”.

About Bedmutha Industries Ltd:
Located in Nashik, Bedmutha Industries Ltd. (BIL) is one of the leading steel wire manufacturers in western India. The company started its commercial production in the year 1992 by setting up its first Galvanized Wire Plant at Nashik with an installed capacity of 3600 MTPA. Over the years, BIL has enhanced capacities from 3,600 MTPA to 26,050 MTPA by setting up three more Galvanizing lines at the existing location while Wire Drawing capacities has increased from 16,800 MTPA to 60,000 MTPA. The company operates four manufacturing units in and around Nashik and they are strategically located in proximity to the source of raw materials and markets ensuring cost savings and logistics benefits. BIL has been granted status of “Mega Project” under the package scheme of incentives by the Government. of Maharashtra.