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Baroda Rayon Corporation Ltd.

BSE: 500270 Sector: Industrials
BSE 05:30 | 01 Jan Baroda Rayon Corporation Ltd
NSE 05:30 | 01 Jan Baroda Rayon Corporation Ltd

Baroda Rayon Corporation Ltd. (BARODARAYN) - Company History

Incorporated in 1958 and promoted by Sangramsinh Gaekwad (formerly the Maharaja of Baroda) Baroda Rayon Corporation (BRCL) is a well-established and diversified company engaged in the manufacture of viscose filament rayon yarn sulphuric acid carbon di-sulphide anhydrous sodium sulphate nylon yarn (sold under the brand name Snialon) etc.In 1973 Gujarat Polymers was merged with the company and as a result it acquired the nylon yarn plant. A technical collaboration agreement was entered into with Unitika Japan to manufacture nylon tyre cord. In 1981 the company made a beginning in the supply of technical know-how and basic engineering for setting up plants with a capacity of 13 tpa for carbon bi-sulphide.During 1988-89 BRCL increased the nylon tyre cord capacity from 2000 tpa to 4000 tpa. The capacity of polyester filament yarn (PFY) was expanded from 1777 tpa to 10797 tpa in 1990-91 in technical collaboration with Samsung Company South Korea.In Apr.'95 it expanded the partially oriented yarn (POY) plant capacity to 15000 tpa. It is implementing a backward integration project of setting up a polycondensation plant to produce polyester chips. It is also putting up a solid waste recovery plant. To finance these projects it came out with a rights issue of Rs 15.87 cr at a premium in Feb.'97.