|The Company was incorporated on 16th June,1988. West Bengal Industrial Development Corporation Limited and Birla Eastern Limited entered into joint sector agreement dated 5th Feb. 1988 to implement a project for the manufacture of 2000 tonnes per annum of Biaxcially Oriented Polypropylene at Haldia in West Bengal. Pursuant to this agreement a joint sector company was incorporated on 16th June 1988, as a Public Limited company under the name Biax Packaging Limited and certificate
of commencement of Business was obtained by it on 10th October 1988.
The name of the company was changed to Biax Limited and a Fresh certificate of incorporation consequent upon change of name was obtained on 17th September 1990.
The main object of the company is to set up a new industrial undertaking having a capacity of 3,900 tpa of BOPP Films.
The company has entered into a technical collaboration agreement dated 18th Oct. 1988 and supplementary agreement dated 19th Dec. 1989 valid for a period of 7 years with courtaulds films packaging (Holding) Ltd., U.K. (FPL) Which counters transfer of process know-how and latest State of art technology for manufacture of BOPP Films and Continued support for technical and process upgradation.
-Xpro India divested its Solapur spinning unit to CLC Global
-Xpro India Board approves Bonus Issue