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NSE: BALAMINESISIN: INE050E01027
Market Cap: [Rs.Cr.] 143
Face Value: [Rs.] 2
Industry: Chemicals
Balaji Amines Limited (BAL), one of the leading manufacturers of Aliphatic Amines in India was set up in the year 1988 to cater to the growing requirements of value based Specialty Chemicals. BAL commenced manufacture of Methyl Amines in the year 1989 and subsequently added facilities for manufacture of Ethyl Amines and other derivatives of Methyl Amines and Ethyl Amines.
BAL has been consistently adding capacities and fine tuning process to provide quality products at lowest cost to the customers. World over, Amine technology is a closely guarded process with only a few handful companies having access to such technology. BAL for the first time in India tested on an indigenously developed technology and developed it further over a period of time. Today, BAL's products are accepted in international markets and have gained the distinct export quality status, which makes it one of the few companies in India having the potential to match the stringent international quality standards for which we have been awarded ISO-9001: 2000 Certification apart from appreciation and continuous orders from global majors for our product range.
BAL`s state-of-the-art manufacturing facility is located at Tamalwadi Village, near Solapur (Maharashtra State, India) The facilityis fully equipped with latest technology like digital computerized controlled systems, which facilitates the control of operations from the control room in addition, BAL possesses an excellent R&D facilities and laboratory, which helps in conducting basic research and also to fine tune the process.
Promoted by the KPR group, Balaji Amines (BAL) was incorporated in 1988. It is presently managed by M R Krishnaih, Chairman of the company. On May '95, it came out with a public issue of 9.63 lac equity shares (premium : Rs. 30), aggregating Rs. 3.85 cr to part-finance expansion plans for ethylamines and forward integration for the manufacture of derivatives of methyl and ethyl amines, totalling to Rs. 10 cr. The company is a leading manufacturer of ethyl and methyl amines which have various applications in chemical industries.
Apart from this, it has now diversified into producing derivatives of methyl and ethyl amines, namely, dimethyl amine hydrochloride, choline chloride, dimethyl acetamide, etc. At present, BAL suppliers to various blue chip companies like IDI, Hoechst, Rallis, Ion Exchange, Cheminor Drugs, TTK Pharma, etc. In 1997-98, the company has successfully commenced the commercial operation of its main plant (Ethyl Amines) from June, 1997. Expansion programme has been taken up for value-added products like Choline Chloride,DMAE-HCI and other intermediates at a cost of Rs. 500 lacs.The project has been appraised by State Bank of Hyderabad and Bank of India for a term loan of Rs. 290 lacs and Rs. 100 lacs respectively.The balance would be met out by the internal accruals of the company.The project would be implemented on phases and the first phase is likely to be commissioned during the current year 2001-2002.
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