Binani Industries Ltd Share Price

Summary

The Braj Binani Group made a humble beginning in the metals business in 1872, when Seth Pragdas Binani, a trader in metal utensils started an enterprise with his son Seth Mathuradas to import and export ferrous and non-ferrous metals. This enterprise grew stronger and bigger when Seth Mathuradas son Seth Govardhandas took a bold step to move from trading to manufacturing. Binani Metal Works was founded in the year 1941 with a full-fledged manufacturing plant at Howrah. The genius he was, Binani Group entered the global market in early 1950s.Taking inspiration from his fathers entrepreneurial skills, Ghanshyam Binani, the son of Govardhandas Binani anticipated the vast potential and set up a pioneer zinc manufacturing facility in Southern India. While the prime focus was on manufacturing, the companys inherent attributes of continual improvement helped shift focus towards R&D, thus modernising and expanding its capacity. Continuing the visionary leadership and business, Braj Binani, the son of Ghanshyam Binani put the Binani Groups business on diversification and fast track. With Braj Binani as its Chairman, the Company truly began to aggressively explore new horizons like the Groups entry into Cement and Glass Fibre businesses, which grew very rapidly.Binani Industries Limited was incorporated in year 1962. The Company was promoted by Binani Metals in technical and financial collaboration with Cominco, Canada with the name Cominco Binani Zinc. In May 1991, when Cominco disinv
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