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Banco Products Ltd share price today (on 16 April 2024).

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BSE: 500039 | NSE: BANCOINDIA | ISIN: INE213C01025 Market Cap: [Rs.Cr.] 418 | Face Value: [Rs.] 2 Industry: Auto Ancillaries

Banco Products India Ltd is a supplier of high quality engine cooling components and engine sealing gaskets to the automotive industry for over four decades. The company offers a complete line of radiators, intercoolers, oil-coolers and all types of engine gaskets. BANCO supplies radiators; intercoolers and engine gaskets that are designed to meet or even exceed original equipment (OE) engineering specifications. Banco Products India Ltd was incorporated in March 16, 1961. The company produces gaskets and radiators that have applications in automobiles, oil engines, compressors and locomotives. The company has four modern manufacturing plants based at Baroda (Vadodara), Mumbai, with state-of-the-art facilities for Production, Design & Development and Quality Assurance.
The company offers over 12,000 varieties of gaskets in multi-layered steel, graphite, fiber steel and copper designs for automotive, agricultural vehicles, and diesel commercial vehicles; radiators for cars and pickups, industrial radiators, air-to-air intercoolers, custom-designed intercoolers, intercoolers cores for various commercial vehicles and off-road industrial applications; and compressed jointing sheets using non asbestos raw materials which are environmentally friendly. The company is an original equipment supplier to Indian automobile majors including Telco, Ashok Leyland, Mahindra & Mahindra, Premier Auto, Hindustan Motors and Maruti Udyog. It exports its products to Australia, Germany, Singapore and the UK. During the year 1991-1992, the company increased installed capacity of Radiators from 80000 Nos to 130000 Nos.
During the year 2000-2001, the company developed of Non Asbestos Jointing sheets as helped auto industry to contribute towards pollution free environment. The company got the rare distinction as suppliers to foreign OEMs in the field of radiators and in the same year, the company developed considerable manufacture of multiplayer steel gaskets and rubber-coasted steel. During the year 2001-2002, the company successfully developed Aluminium Radiator and commenced commercial production. During the year, the company increased the installed capacity of Radiators from 275,000 Nos to 375,000 Nos. During the year 2002-2003, the company installed number of high precision production equipment for higher and better production. During the year 2003-2004, the company's aluminium radiator division produced various aluminium heat exchange products such as oil- coolers, charged air coolers etc.
The company announced that it quality system successfully certified as confirming to TS 16949 by UL, USA. During the year 2004-2005, the company added more names in the list of foreign customer. During the year 2005-2006, the company successfully commissioned the 100 % Export Oriented Units (EOU) and in the same year, the company successfully obtained renewal of TS-16949 certification. During the year 2006-2007, the company increased installed capacity of Radiators from 375,000 Nos to 762,000 Nos.
During the year 2007-2008, the company successfully commissioned Assembly Plant for Radiator at Jamshedpur and in the same year, it successfully implementing Clean Development Mechanism Project, which mitigates Greenhouse Gas Emission and may earn Carbon Credits for future. During the year, the company increased installed capacity of Radiators from 762,000 Nos to 792,000 Nos.

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