Bansal Wire Industries Limited, a leading manufacturer of steel wires, has officially started production of its new specialty wire vertical. The new product range includes Bead Wire, Hose Wire, and Steel Tyre Cord, which are now being produced at the company’s Dadri manufacturing plant. This marks a significant milestone in the company’s expansion and product diversification strategy.
The company has developed a pilot project with a capacity of 50,000 tons per annum, contributing to the growing demand in the specialty wire sector. The overall market size for these products is estimated at 450,000 tons annually, positioning Bansal Wire to capture a significant market share with its new offerings.
With this new production capability, Bansal Wire Industries is poised to strengthen its presence in the market and deliver high-quality products to meet customer needs.
In the meantime, Bansal Wire shares opened at 466.95 today, hitting a high of 496.95 and closing at 489.00. The stock reached its 52-week high of 496.95, with a 52-week low of 325.10.
