Bombay Wire Ropes Share Price

Bombay Wire Ropes Limited was incorporated on July 24, 1986. The Company is engaged in manufacturing and sales of wire ropes, structural strands, slings and wires which find its application in general engineering, fishing, elevators, cranes, material handling, power transmission, suspension bridges, onshore / offshore oil exploration, ports and shipping, mining, defence, railways etc. It is engaged in the business of trading of the steel related products. The Companys existing steel wire ropes manufacturing facility with an installed capacity of 12,000 MTPA is located at Atgaon. It has a Pyrolysis Plant with an installed capacity of 1,260 MTPA at Chalisgaon, Maharashtra for production of oil, which is used as fuel in the current manufacturing process.In 2013, Company closed down its wire rope factory situated at Kolshet Road, Thane. The plant and machinery as well as stocks at wire rope factory were also disposed off. The Company discontinued its activity of manufacturing wooden furniture.The Companys erstwhile manufacturing facility and its furniture business remain discontinued during the year 2014.With no manufacturing or trading operations, the Companys principal assets comprise office premises and fixed deposits placed with banks. During the year 2026, the Companys office premises admeasuring 1,340 sq. ft. at Jolly Bhavan No. 1, New Marine Lines, Mumbai has been sold to the New Great Eastern Spinning and Weaving Company Limited. Following completion of the approved sale of office premises, Companys liquid resources are expected to increase further.