Bhansali Engineering Polymers Share Price

Bhansali Engineering Polymers Limited (BEPL) was initially incorporated on 9 April, 1984 as Bhansali Steels Limited. It commenced business on 16 May 1984. The name of the Company was changed to Bhansali Engineering Polymers Limited on 4 January, 1986 by setting up a project for manufacture of acrylonitrile butadiene styrene (ABS) resins. At present, Company is engaged in manufacturing of ABS and SAN resins which is classified under the category of Highly Specialized Engineering Thermoplastics and is presently having manufacturing facilities at Abu Road, Rajasthan and Satnoor, Madhya Pradesh.BEPL has been promoted by B M Bhansali and Jayesh B Bhansali in association with the Madhya Pradesh Audyogik Vikas Nigam (MPAVN), an industrial development corporation of the state government of Madhya Pradesh.In May 89, the company came out with a public issue of 36 lac equity shares at par aggregating Rs 3.6 cr. The proceeds of the issue were utilised to partfinance a Rs 25.25cr project to manufacture 6000 tpa of ABS resin in technical collaboration with Sumitomo Chemical Engineering Company, Japan The plant is located in the Chindwara district of Madhya Pradesh.Companys product is well established in the international market confident that will achieved higher export growth in coming years. Company has received ISO 9002 Quality Standard Certificate from KPMG for manufacture marketing of Acrylonitrile Butadiene Styrene (ABS) ploymers and Compounds. During 19992000, the company has entered into an agreement with M/s Polychem Ltd, for acquiring their ABS/SAN unit at Vadodara as a going concern. The company installed new FBC boiler and commissioned it. The capacity of ABS/SAN was expanded from 27000 TPA to 30000 TPA. As part of the expansion in production capacity of ABS Resins, the installed capacity was increased from 30000 TPA to 48000 TPA during 200304 .The Company commissioned the compounding capacity expansion project at its Abu Road plant from existing 100 KTPA to 137 KTPA in 201819. It incorporated a Joint Venture Company, Bhansali Nippon AL Private Limited in 202021. In 2023, it enhanced the capacity of both ABS Production plants resulting an increase in the Overall ABS production from 65,000 TPA to 75,000 TPA which became effective from 1st April, 2022.Further, the Company had appointed Toyo Engineering India Private Limited (TOYO) as Engineering consultant for Front End Engineering Design (FEED) and CAPEX Cost Estimation for enhancing ABS production capacity from 75000 TPA to 200000 TPA at Companys existing plants at Abu Road and Satnoor in FY 202425.The capacity of ABS resin has been expanded from the existing 75,000 TPA to 1,00,000 TPA in FY 2026.