|Brief History of the Company.
BALAJI AMINES LIMITED was promoted by the KPR Group in 1988
at Solapur, Maharashtra for the manufacture of speciality
Chemicals Products, viz. Methyl Amines and Ethyl Amines.
This venture marked their entry into a high technology area
and these products were being manufactured with
indigenously developed technology for the first time in
India. The plant was successfully commissioned and the
Company has declared dividends from the first full year of
operations. The Company was assisted by IFCI by say of
equity assistance of Rs. 20.00 lakhs and term loan of
Rs.235.50 lakhs. The Company started Commercial production
from 1-3-1991, initially with the manufacture of Methyl
Amines alone. The manufacture of Ethyl Amines was started
BHAGYANAGAR CHEMICALS LTD :
This company was setup to manufacture 3 cynopyridine and 4 cynopyridine. The project cost is around Rs. 200.00lakhs. IDBI has invested Rs.80.00lakhs in this unit under venture capital scheme. The unit has recently started production.
BHAGYANAGAR WOODPLAST LTD:
This company was setup to manufacture and suply woodplast (extruded synthetic structural foam panels and profiles) and other products such as PVC sheets pipes etc.
-Balaji Amines acquires Bhagyanagar Chemicals.
-The Company has issued Bonus Shares in the Ratio of 1:1.