BWL Share Price

Incorporated as a public limited company in Jun.'71 at Gwalior, Madhya Pradesh, Bhilai Wires was promoted by H P Khetawat. The name of the company has been changed form Bhilai Wires Limited to BWL Limited w.e.f 10.05.96. The company manufactures a wide range of high-carbon wires, mild steel wires, special wires and strands with an installed capacity of 24,000 tpa at Bhilai, Madhya Pradesh. In Sep.'94, the company came out with a rights-cum-public issue to set up a project for the manufacture of optic fibre cables (OFC) with an installed capacity of 4000 ckm in Shogi, Himachal Pradesh. The company has a technical collaboration with Rosendahl, Austria (of the Alcatel group), to manufacture optic fibre cables. The OFC unit commenced production in Jul.'95. Optic fibre cables find application in telecommunications, railway traffic, power, Defence and several industrial sectors. The installed capacity of optical fibre cables is 108000 FKM. During 1998-99, the Steel Wire Division of the Company has obtained the IS/ISO 9002 Certificate issued by the Bureau of Indian Standards. The company has applied to the Hon'ble High Court for demerger of Optical Fibre Cable Division. The company has referred to Hon'ble BIFR under sick industrial companies and appointed IDBI as an operating agency.