Bharat Wire Ropes has bagged an order worth around Rs 25 crore which is to be executed by the company from its existing plant situated at Atgaon and from its on-going project at Chalisgaon, Maharashtra for both international and domestic markets. Earlier, the company had raised equity of Rs 70 crore through Initial Public Offering (IPO) in the month of March 2016 for its on-going project at Chalisgaon, Maharashtra.
Beside, the company has bidded for various projects (both international and domestic markets) and outstanding bids are around Rs 50 crore, which are at various stages of execution.
Bharat Wire Ropes 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 also engaged in the business of trading of the steel related products.
