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Shri Bhagavati Bright Bars > Company History > Steel - Medium / Small > Company History of Shri Bhagavati Bright Bars - BSE: 530913, NSE: N.A
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Shri Bhagavati Bright Bars
BSE: 530913|SECTOR: Steel - Medium / Small
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Shri Bhagavati Bright Bars is not traded in the last 30 days
Shri Bhagavati Bright Bars is not listed on NSE
Company History - Shri Bhagavati Bright Bars
M/s Shri Bhagavati Bright Bars Limited (SBBL) was incorporated as a
 Private Limited Company on 13th December, 1991 with Registrar of
 Companies, Ahmedabad having registration No. 04-16786 of 1991-92, and
 subsequently was converted into a Public Limited Company on 7th
 September, 1994 with an increased Authorised Share Capital of Rs.
 500.00 lacs.  The Company is the Flagship Company of the BHAGAVATI
 group based at Rajkot and is engaged in the activities of
 manufacturing and trading of Steel, Bars, Fasteners, etc.
 
 The Company has initially set up a project for manufacturing of
 Bright Bars with the help of term finance from GIIC, Ahmedabad having
 installed capacity of 12000 MT of Bright Bars per annum.  The said
 project commenced its commercial production from 27th June, 1993.  In
 order to
 maintained growth and with a view of integration, the Company now
 proposes to expand its capacity and go in for Backward Integration by
 installing Semi-automatic Rolling Mill.  The proposed scheme is being
 undertaken with a view of value addition, resulting in better
 efficiency and higher profitability.
 
 The Company was incorporated in December, 1991 and commercial
 production commenced on 27-6-1993.  During this intervening period,
 the Company implemented the project to manufacture bright bars with
 an installed capacity of 12000 MTPA.  The Company acquired land in
 31-3-1992.  During this period procedure for converting this land
 into non-agriculture was under progress.  The second plot was
 purchased in 12-8-1992.  The term finance was sanctioned by GIIC on
 28-1-1993.  Thereafter, the entire project was implemented within a
 period of six months.  Thus, the project was implemented within a
 normal lead time.  
 
 FINANCIAL HIGHLIGHTS OF THE COMPANY
 
 The highlights of the financial pertormance of the Company are
 summarised below.
Source : Dion Global Solutions Limited
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