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.