Shares of Bansal Wire Industries Ltd surged over 3% in morning trade following the inauguration of its state-of-the-art manufacturing facility in Dadri, Uttar Pradesh. With an initial production capacity of 3.6 lakh metric tonnes per annum (MTPA), the plant is set to expand to 4.2 lakh MTPA by the first half of FY 2025-26, with scalability up to 6 lakh MTPA, positioning the company for future growth in the wire manufacturing sector.
The new facility targets high-demand sectors such as automotive, agriculture, construction, power and transmission, and general engineering. It emphasizes sustainable manufacturing, incorporating solar energy, rainwater harvesting, energy-efficient equipment, and an acid-free wire cleaning process. An Effluent Treatment Plant (ETP) and green landscaping further support its eco-conscious operations.
Bansal Wire’s Dadri unit also features a dedicated R&D centre focused on innovation in specialized wire products like Induction Tempered Wire, Oil Tempered Wire, LRPC Wire, and Brass Coated Reinforced Wires, catering to diverse industrial needs.
The facility meets global benchmarks in automation, safety, and compliance, currently holding ISO 9001 and IATF 16949 certifications, with ISO 14001 and ISO 45001 in the pipeline.
Bansal Wire shares opened at ₹349.00 today, reaching a high of ₹353.00 and a low of ₹345.30. The stock remains volatile, trading closer to its 52-week low of ₹323.15, far below its 52-week high of ₹503.95.
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