Binani Industries Ltd

Key Stats

Day's Price Range
52-Week Price Range

Company Financials

  • Quarterly
  • Annual
Value in ₹ crore

Peer Comparsion

Rank 1
Rank 3
Rank 104
Dividend Yield
Rank 24
Rank 136
Price To Book Ratio
Rank 63
Debt To Asset
Rank 4

Company Information

Binani Industries Ltd is a holding company which operates through their subsidiaries. The companys subsidiaries include Binani Cement Ltd BCL Binani Zinc Ltd BZL Goa Glass Fibre Ltd GGFL BT Composites Ltd BTCL and Wada Industrial Estate Ltd WIEL.Binani Industries Ltd was incorporated in the year 1962. The company was promoted by Binani Metals in technical and financial collaboration with Cominco Canada with the name Cominco Binani Zinc. In May 1991 when Cominco disinvested their holding the company was renamed as Binani Zinc. And in the year 1996 they got their present name Binani Industries Ltd.In the beginning the company manufactures zinc and its byproducts sulphuric acid and cadmium. And latter they diversified into cement and glass fibre manufacture. They set up a stateoftheart glass fibre plant at Colvale Goa with technical assistance from Bishop Technology US which is the single largest glass fibre manufacturing plant in the country. The cement division of the company was hived off and transferred to their wholly owned subsidiary Binani Cement Ltd with effect from November 1 1997. As a part of restructuring and refocusing the company transfered their glass fibre division to a wholly owned subsidiary Vishakha Enterprises India Ltd which was renamed as Goa Glass Fibre Ltd.The Zinc division of the company was hived off and transferred to Binani Zinc Ltd with effect form April 1 2002. In July 2003 Munga Holdings Ltd was amalgamated with Binani Cement Ltd. The paid up capital of Binani Cement Ltd has increased to Rs 4229.10 million from Rs 4000.10 million and Binani Cement Ltd has ceased to be a wholly owned subsidiary of the company with effect from July 3 2003 but continues to be a subsidiary of the company.During the year 200607 the moulding division of the company was hived off and transferred to their wholly owned subsidiary company BT Composites Ltd. Consequently the company ceased to have any manufacturing activity.
OrganisationBinani Industries Ltd