Binani Inds
NSE
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With a market cap of ₹18.90L Cr.
Binani Industries, a Braj Binani Group company, was established on February 25,1941.The business portfolio of Binani Industries includes sectors like cement, zinc, glass-fiber and downstream composite products.The company was re-christened as Binani Industries Limited in 1996, reflecting its status as a multi-divisional, multi-product and multi-locational company driven by technology and professionalism.
The Braj Binani Group is a well-diversified industrial house with a 138-year history behind it. The group is actively working in the core sectors of Cement, Zinc, Glass Fibre and Downstream Composite Products. Working in complete synergy across verticals, across the world. By understanding the needs of an evolving world, the Braj Binani Group is charting a path to the future
Binani’ is now consolidating on its enviable track record, with over one and a quarter century of success behind it.
It was in the turbulent times of 1872 when the ancestors of Binani, Seth Pragdas and Seth Mathuradas Binani, ventured into the trading of non-ferrous metals. Later on, the son of Seth Mathuradas, Seth Govardhandas, a man of profound vision, saw great potential in manufacturing rather than just trading in non-ferrous metals.
Binani Metal Works Limited, in collaboration with Multicore Solders, UK, came into being in 1941. The plant was set up in Howrah, West Bengal to produce non-ferrous alloys, cad, castings, powders and solder wires.
Trading operations, the forte of Binani, was also growing stronger. An Antimony Smelter joint venture in Bombay was set up under the name of Binani Metal Works Ltd.
It was in the early 50s that Binani ventured into the international market by establishing a trading and indenting house for non-ferrous metals in London.
Binani Metal Works Limited went public for the first time in 1953. In 1962 Binani entered into a collaboration with the world leaders in the field of non-ferrous metals, Cominco Limited Canada, to form Cominco Binani Zinc Ltd., thus becoming the first producer of primary zinc in India.
In 1967, ‘Binani’ crossed a milestone in the world zinc industry by pioneering the manufacture of high-grade electrolytic zinc in India. The reigns of this expanding business was held by Late Ghanshyam Binani, the only son of Seth Govardhandas Binani. His individual expertise and time-honed skills steered the organisation towards many more milestones.
In the span of 1970s-80s Cominco Binani Zinc Ltd. upgraded its technology to be at par with the latest in the world. It also became the first plant in the country to commence production of special high-grade electrolytic zinc with 99.995% purity.
In 1983 Binani Metals Ltd. was formed merging Binani Metal Works.
By 1991, the company, having surged to a production capacity of 38,000 tonnes per annum of zinc and zinc based products, was re-christened as Binani Zinc Ltd. In 1997, the company diversified into the manufacture of cement by establishing Binani Cement Ltd. This pivotal move laid the foundation for the company’s most successful decade. One that also saw the company diversify into the manufacture of glass fibre. The mantle of responsibility passed on to Braj Binani, who following the footsteps of his father, Late Ghanshyam Binani, has successfully carried forward the family tradition of growth and excellence, and is today heading the ‘Binani – Braj Binani Group’.
The group has come a long way from trading to production of zinc to the manufacture of glass fibre and cement, taking on new challenges and preparing itself to make the most of global opportunities.
The company has different subsidiaries:
Product portfolio of the company includes:
Non-ferrous alloys, Cad, Castings, powders and solder wires, Leasing, investments in stocks and securities and Real estate investment, Cement, Glass, Zinc, Fibre.
Milestones achieved:
1940s
1950s
1950s
1960s
1970s
1980s
1990s
Cominco Limited carted off its financial support from its operations in alignment with their world policy. Cominco Binani Zinc was re-christened as Binani Zinc Limited on 3rd
March 1991
2000-01
Binani Zinc Limited has adopted the '5s' housekeeping management practice and tagged it with the international accreditation ISO 14001:1996. In April 2001, voluntary commitment to quality was demonstrated by getting the international accreditation on quality ISO 9001:2000. Leveraging people potential, Binani Zinc Limited became the first company in the manufacturing sector to go for international accreditation.
2009
ITC CII Sustainability Award 2009.
Greentech Environment Excellence Gold Award 2009
Indian Institute of Metals - Non-Ferrous Best Performance Award, 2009.
2010
National Safety Award (Runner-up) 2010
2011
The prestigious National Safety Council (I) Safety Awards-2011
2012
National ASSOCHAM CSR Excellence Award 2012.