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Baroda Rayon Corporation Ltd logo

Baroda Rayon Corporation Ltd

NSE: BARODARAYN BSE: 500270

₹103.80

(0.19%)

Wed, 11 Mar 2026, 02:50 pm

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Company History

1958

  • The Company was incorporated on 30th May at Mumbai.

1973

  • Consequent upon the merger of Gujarat Polyamides Ltd., the Company acquired their nylon yarn plant.
  • A letter of intent was received for the manufacture of 2,000 tonnes per annum of nylon tyre cord.
  • Gujarat Polyamides Ltd., was amalgamated with the company.

1977

  • Equity shares allotted at par on conversion of loans.

1978

  • The polycondensation plant for conversion of DMT into polyester chips was commissioned.

1979

  • The Company received a letter of intent from Govt. permitting it to manufacture 1,700 tonnes per year of nylon tyre fabric.
  • Government approved the Company's application under Technical Development Fund Scheme for the recovery of caprolactum.

1980

  • As part of its diversification plan, the company made an application for the manufacture of 10,000 tonnes per annum of synthetic detergent.
  • 1,20,000-11% Pref. shares issued at par to the public.

1981

  • The nylon tyre cord plant was commissioned in early October.
  • The Company took steps to increase the conversion capacity of nylon tyre yarn into nylon tyre fabric.
  • The Company made a beginning in the supply of technical know-how and basic engineering for setting up a plant.

1982

  • The licensed capacity of polyester filament yarn was enhanced.
  • The Company undertook to set up a plant to recover mono ethylene glycol.
  • A letter of intent was received to increase the nylon filament yarn capacity.
  • An application was made for a letter of intent to set up a portland cement project.

1983

  • The equipment and machinery for the nylon tyre cord fabric section's expansion was commissioned.
  • The Caprolactum recovery plant was put into operation.
  • Industrial licence was received to increase the nylon tyre cord fabric capacity.

1984

  • The Company received a letter of intent to set up a newsprint plant with an annual capacity of 50,000 tonnes.
  • The Company proposed to set up a joint venture company in Thailand.

1985

  • Industrial licence was received for the manufacture of polyester filament yarn.
  • The Company proposed to double its capacity of caprolactum recovery plant.

1986

  • The Mono Ethylene Glycol recovery plant was commissioned in October.

1987

  • Government approved the Company's application under the Board Banding Scheme to cover nylon filament yarn, polyester filament yarn and nylon tyre cord.
  • The contract for supply of foreign equipment was executed with Samsung Company Limited of Korea.

1989

  • Out of 812 No. of equity shares pending, 163 shares were allotted.

1990

  • The working was adversely affected mainly due to severe excise duty imports, political disturbances and increase in the cost of inputs.
  • 12,91,000-14% secured redeemable non-convertible debentures of Rs 100 each were offered on rights basis.
  • 8,98,431 bonus shares issued in prop. 1:2.

1991

  • The additional boiler was commissioned in March.
  • The Company proposed to install polyester polycondensation plant to meet the requirements of polyester chips with a capacity of 45 TPD.

1992

  • The company proposed to install two additional spinning machines to raise the capacity of POY plant to 15,000 tpa.
  • 4,00,000-16% secured fully convertible debentures of Rs 500 each were offered on Rights basis.
  • 595-11% Pref. shares forfeited.
  • 49,999 No. of equity shares allotted at a prem. of Rs 40 per share to financial institutions.

1993

  • The Company maintained high production levels in Rayon, Nylon and POY plant.
  • The Company proposed to embark upon major expansion programme of polyester spinning and poly condensation capacity of 25,000 tonnes per annum.
  • The Expansion/Modernisation of rayon plant was also under consideration.

1994

  • Performance of the company affected due to high input cost coupled with the continuous rise in the cost of power and labour.
  • 7,193 No. of equity shares issued on conversion of 16% debentures.

1995

  • The margin in Rayon division were affected due to increase in prices of raw materials.
  • The performance of Nylon division was adversely affected due to rising raw material cost and lower sales realisation.
  • The Company had planned projects for expansion of POY capacity to 15,000 tonnes per annum.
  • The Company proposed to issue right shares at a price of Rs 150 per share.

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Pocketful Fintech Capital Private Limited (CIN U65999DL2021PTC390548) | The SEBI Registration No. allotted to us is INZ000313732. NSE Member Code: 90326 | BSE Member Code: 6808 | MCX Member Code: 57120 DP | CDSL: 12099800