Baroda Rayon Corporation Ltd
NSE: BARODARAYN BSE: 500270
₹123
(3.36%)
Fri, 09 Oct 2026, 10:32 pm
Market Cap (in Cr)274.94
PE Ratio8.39
Dividend0
Process Industries
Textiles
24.5KCompany 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.
