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Balaji Amines Ltd.

BSE: 530999 Sector: Industrials
NSE: BALAMINES ISIN Code: INE050E01027
BSE 10:03 | 23 Apr 1980.95 99.60
(5.29%)
OPEN

1899.00

 HIGH

1983.90

 LOW

1895.00
NSE 09:54 | 23 Apr 1938.00 54.60
(2.90%)
OPEN

1898.00

 HIGH

1956.00

 LOW

1888.05
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OPEN 1899.00
PREVIOUS CLOSE 1881.35
VOLUME 6039
52-Week high 2048.00
52-Week low 320.50
P/E 34.73
Mkt Cap.(Rs cr) 6,418
Buy Price 1978.30
Buy Qty 20.00
Sell Price 1980.95
Sell Qty 5.00
OPEN 1899.00
CLOSE 1881.35
VOLUME 6039
52-Week high 2048.00
52-Week low 320.50
P/E 34.73
Mkt Cap.(Rs cr) 6,418
Buy Price 1978.30
Buy Qty 20.00
Sell Price 1980.95
Sell Qty 5.00

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 ChlorideDMAE-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.

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