BWL Limited
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BSE Code:
504643
NSE Code:
Business Profile
Business Profile
BWL (BWLLTD), incorporated as a public limited company on Jun. 22, 1971, manufactures a wide range of high-carbon, mild steel and special wires and strands. Earlier known as Bhilai Wires, it got its present name on Mar. 30, 1996.
The steel wire division of the company is located in the Bhilai district of Chhattisgarh with an installed capacity of 24,000 MTPA steel wires. The company is under the perusal of the Board of Industrial and Financial Reconstruction (BIFR) as a sick industrial unit.
The registered office is located at Industrial Estate, Bhilai-490026, Chattisgarh.
Financials
BWL registered a loss of Rs 3.12 million for the quarter ended March 2008.
Net sales declined 73.66% to Rs 8.38 million for the quarter ended March 2008 from Rs 31.81 million for the quarter ended March 2007.
Total income dipped 73.79% to Rs 8.4 million for the quarter ended March 2008 from Rs 32.05 million for the quarter ended March 2007.
The loss per share of the company stood at Rs 0.45 for the quarter ended March 2008.
Recent Developments
06-FEB-08
Appellate Authority for Industrial and Financial Reconstruction (AAIFR), vide its order dated Jun. 20, 2007 set aside the impugned direction dated Jun. 17, 2002 and Aug. 08, 2002 of BIFR and directed the company to file draft rehabilitation scheme (DRS) within a period of eight weeks from the date of the order to enable BIFR to take further steps in accordance with the law. The company has submitted the draft rehabilitation scheme to BIFR. The next hearing date before Bench III has been fixed on Feb. 05, 2008.