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Bedmutha Industries Ltd.

BSE: 533270 Sector: Metals & Mining
NSE: BEDMUTHA ISIN Code: INE844K01012
BSE 00:00 | 10 May 25.15 1.00
(4.14%)
OPEN

24.95

HIGH

26.40

LOW

23.80

NSE 00:00 | 10 May 25.20 1.15
(4.78%)
OPEN

25.40

HIGH

26.45

LOW

23.50

OPEN 24.95
PREVIOUS CLOSE 24.15
VOLUME 17653
52-Week high 29.05
52-Week low 10.14
P/E
Mkt Cap.(Rs cr) 81
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 24.95
CLOSE 24.15
VOLUME 17653
52-Week high 29.05
52-Week low 10.14
P/E
Mkt Cap.(Rs cr) 81
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Bedmutha Industries Ltd. (BEDMUTHA) - Company History

Bedmutha Industries Ltd is one of the leading steel wire manufacturers in Western India. The company offers a range of steel wire products to domestic manufacturers and dealers. They manufacture wide range of products in the wire industry from MS wires to Grade 3 Spring wires both coated and uncoated.The company's products include Galvanized wires Cable Armour Wires ACSR Wires Wire Nails Earth Wires Stay Wires Spring Steel Wires Barbed Wires etc. Their products are used in various areas such as roads bridges flyovers power automobile engineering agriculture railways and defence.The company's has their four manufacturing facility at Sinnar Nashik. Two of their plants namely Plant 1 manufacturing galvanized wires and Plant 2 manufacturing Binding Wire PC Wire and Spring Steel Wire are certified under ISO 9001 from Bureau Veritas Certification (India) Pvt Ltd. The company has been a leading supplier to a large number of leading Corporate Houses Railway Defence and other Govt. undertakings.The company has a well established dealer network and selling agents to service the agriculture sector requirement spread across the grape and vegetable growing areas namely Nashik Sangli Solapur Bijapur Pune Bangalore and Hyderabad. They are also utilizing offices of few of their group companies for marketing at various locations all over India which includes Mumbai Nashik Pune Nagpur Ahmedabad Baroda Bangalore Lucknow Haridwar Gwalior New Delhi Indore and Angul (Orissa). Bedmutha Industries Ltd was incorporated on August 23 1990 as a private limited company with the name Bedmutha Wire Company Pvt Ltd. In the year 1992 the company started commercial production by setting up their first Galvanized Wire plant at Nashik with an installed capacity of 3600 MTPA. In the year 1994 they increased their installed capacity from 3600 MTPA to 6100 MTPA by de-bottling of galvanized plant.In the year 1997 the company set up their second galvanizing plant with an installed capacity of 5400 MTPA which increased their total installed capacity from 6100 MTPA to 11500 MTPA. In September 23 1997 the company was converted into a public limited company and the name of the company was changed to Bedmutha Wire Company Ltd. In the year 1998 the company made backward integration by acquiring the Wire Drawing Capacity with a capacity of 16800 MTPA from Kamal Wire a proprietary concern as a going concern along with all their assets and liabilities for consideration of Rs 401.74 lakh.In March 31 2000 the company acquired Testing Engineers & Associates a proprietary concern as a going concern along with all their assets and liabilities for the lump sum consideration of Rs 5.00 lakh. In the year 2001 they acquired Deemed Export Order from Rajasthan State Electricity Board (RSEB) under World Bank Tender.In the year 2003 the company set up their third galvanizing plant at Nashik with the increased installed capacity of 5300 MTPA. In the year 2004 they obtained ISO 9001:2000 Certification. In the year 2005 the company increased the production capacity of Wire Drawing from 16800 MTPA to 18000 MTPA. In the year 2007 the company set up their fourth galvanizing plant taking the total galvanizing from 16800 to 25300 MTPA. They also installed wind power turbine during the year 2007. Also entered into MOU with Tejsri developers (P) Limited for operations and maintenance of wind mill. In February 2007 the company promoted Kamalasha Infrastructure & Engineering Pvt Ltd as a subsidiary for implementation of turnkey contracts for infrastructure namely in power roads railways etc. In the year 2008 the company expanded the Wire & Wire Products Capacity from 18000 MTPA to 42100 MTPA. They also installed Wire Nails Capacity of 1800 MTPA and stranding Capacity of 2400 MTPA. The company set up a Wind Mill in Karnataka with power generation Capacity of 225 KW. Also they increased the production capacity of Wire Drawing from 42100 to 60000 MTPA. During the year the company invested 49% in Ashoka Pre-con Pvt Ltd along with Ashoka Buildcon Ltd to manufacture pre stress concrete products such as cement poles RCC pipes Cement Piles railway sleepers etc. In July 01 2008 the Consultancy Division K.R. Bedmutha & Techno Associates was spinned off into a separate entity named as 'K.R. Bedmutha Techno Associates Pvt Ltd'. In August 2008 Ajay Wire Products Pvt Ltd Kamdhenu Wire Pvt Ltd and Shriram Wire Pvt Ltd were amalgamated with the company. In the year 2009 the company acquired 51% stake in Kamlasha infrastructure and Engineering Pvt. Ltd for implementation of turnkey contract of electrification. In November 18 2009 the name of the company was changed from Bedmutha Wire Company Ltd to Bedmutha Industries Ltd. In May 2010 the company entered into an MoU with Maharashtra Government for the manufacturing of LRPC wires Spring steel wires GI wires and SS wires. The cost of investment is estimated to be Rs 152.90 crore. The company plans to set up a 36000 tonnes per annum (tpa) manufacturing facility for low relaxation pre-stress concrete (LRPC) wire and spring steel wire with installed capacity of 18000 tpa on 12 acres at Nashik in Maharashtra. They also plan to set up a hi-tech galvanizing plant of 48000 tpa and manufacturing of aluminium rods and conductors with capacity of about 42000 tpa.

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