Banco Products (India) Ltd Share Price

Banco Products India Limited has evolved into one of India's leading manufacturers of engine cooling, thermal management and sealing solutions for automotive and industrial applications. With more than six decades of engineering excellence, the Company serves OEMs, aftermarket customers and global markets through innovative, application-focused products and technologies. Established on March 16, 1961, the Company produces gaskets and radiators that have applications in automobiles, oil engines, compressors and locomotives. It has 4 modern manufacturing plants based at Baroda (Vadodara), Mumbai, with state-of-the-art facilities for Production, Design & Development and Quality Assurance. Apart from these, the Company offer over 12,000 varieties of gaskets in multi-layered steel, graphite, fiber steel and copper designs for automotive, agricultural vehicles, and diesel commercial vehicles; radiators for cars and pickups, industrial radiators, air-to-air intercoolers, custom-designed intercoolers, intercoolers cores for various commercial vehicles and off-road industrial applications; and compressed jointing sheets using non asbestos raw materials which are environmentally friendly. The Company is an original equipment supplier to Indian automobile majors including Telco, Ashok Leyland, Mahindra & Mahindra, Premier Auto, Hindustan Motors and Maruti Udyog. It exports its products to Australia, Germany, Singapore and the UK. The Company's R&D Centre at Vadodara is recognized as by the Department of Science, Government of India. During the year 1991-1992, the company increased installed capacity of Radiators from 80000 Nos to 130000 Nos. During the year 2000-2001, the company developed of Non Asbestos Jointing sheets as helped auto industry to contribute towards pollution free environment. The company got the rare distinction as suppliers to foreign OEMs in the field of radiators and in the same year, the company developed considerable manufacture of multiplayer steel gaskets and rubber-coasted steel. During the year 2001-2002, the company eveloped Aluminium Radiator and commenced commercial production. During the year, the company increased the installed capacity of Radiators from 275,000 Nos to 375,000 Nos. During the year 2005-06, the company increased installed capacity of Radiators from 375,000 Nos to 762,000 Nos. During the year 2007-2008, the Company commissioned Assembly Plant for Radiator at Jamshedpur and in the same year, it implemented Clean Development Mechanism Project, which mitigates Greenhouse Gas Emission and may earn Carbon Credits for future. In 2010, the Company acquired of 100% Equity shareholding of NEDERLANDSE RADIATEURN FABRIEK B.V. - Netherlands. Thereafter, it also commenced manufacturing unit at Rudrapur. In 2011, the Company acquired 20% Equity Shares of Kilimanjaro Biochem Limited & Kilimanjaro Biochem Limited became Wholly Owned Subsidiary of the Company. It started commercial production of Radiators. In 2012, the Company started SEZ Plant with capacity to produce 1 million unit p.a. for exports; new Aluminium Radiator Plant was launched for domestic OEM & After- market. In 2012-13, the Gasket Divisions of the Company was transferred to its wholly owned subsidiary, Banco Gaskets (India) Limited w.e.f. 31.03.2012. A wholly Owned subsidiary viz Lake Mineral (Mauritius) Limited was incorporated during the Year ended on 31.03.2012. To address emerging needs in EVs and alternative fuel vehicles, the Company had incorporated a wholly owned subsidiary, Banco New Energy Cooling Systems Limited (BNCL) in FY23. Commercial production of heat exchangers for locomotives at BNCL's new plant in Anki, Gujarat commenced on 12th October 2023. The Company has commenced supply of specialized cooling systems, gaskets, and sealing solutions to selected EV and clean energy customers, both in India and international markets in FY26.