Bansal Wire Industries Limited, a Delhi-based steel wire manufacturer, has informed stock exchanges about the reaffirmation of its credit ratings by CRISIL Ratings Limited.
The company, listed on both BSE and NSE, disclosed that CRISIL has maintained its rating of A+/Stable for long-term facilities valued at Rs. 805 crore, while also reaffirming the A1 rating for short-term credit facilities.
Sumit Gupta, Company Secretary and Compliance Officer, communicated the rating reaffirmation to both BSE Limited and the National Stock Exchange of India Limited. The company trades under the scrip code 544209 on BSE and the symbol BANSALWIRE on NSE.
Bansal Wire Industries Limited was incorporated in 1985, though its origins trace back to 1938 when the Bansal Group began operations as a wire-trading house under founder Shri Shyam Sunder Gupta. The company has developed into a steel wire manufacturer with significant market presence in India.
The company holds the position of second-largest steel wire producer by volume in India and operates as the largest manufacturer of stainless steel wire by volume. Bansal Wire Industries currently maintains a production capacity of 350,000 metric tonnes per annum (MTPA).
The company's operations span three primary segments: high carbon steel wire, mild steel wire (low carbon steel wire), and stainless steel wire. Its product portfolio includes carbon and stainless steel wires, galvanized wires, copper coated wires, aluminium alloy wires, ropes, and bars. The company produces over 3,000 varieties of wire products.
As the flagship entity of the Bansal Group, Bansal Wire Industries Limited serves various industrial sectors through its diversified wire product range. The company maintains its registered office in Shastri Nagar, Delhi, and its shares are listed on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).