BHAGYANAGAR INDIA LIMITED is the flagship company of “Surana Group” promoted by Sri G.M. Surana, Sri Narender Surana, and Sri Devendra Surana leading Industrialists of Andhra Pradesh. The promoters are professionally qualified with vast experience in running the industries. The Company is engaged in manufacturing of Telephone Cables, Copper rods, Copper allied products and also substantial investment in real estate business and infrastructure business. During the year 2006-07, the company has forayed into wind power generation segment with the installation of 7 Wind Turbine Generators with a total capacity of 9 MW at Kapatguda, Karnataka.

The Company was incorporated in 02.09.1985 and over the years, it spread its activities by acquisition, merger, diversification etc. The company has record of uninterrupted profit since its inception and is continuously paying dividend.

The Company made Initial Public Offer on 26.11.1985 for an issue of 3,19,000 Equity Shares ( 19,000 Equity Shares on firm allotment basis and the balance 3,00,000 for public subscription) at a offer price of Rs. 10/- each for cash at par.

CAPITAL STRUCTURE :

Authorised Share Capital : Rs. 25,00,00,000 /- divided into 12,50,00,000 Equity Shares of Rs. 2/- each

Paid up Share Capital : Rs. 14,90,00,000/- divided into 7,45,00,000 Equity Shares of Rs. 2/- each

BUSINESS ACTIVITIES

One of the core area of the company’s business is manufacture of Copper products. Copper division of the Company caters to the needs of various Original Equipment Manufacturers (OEMs) and auto component industry. The company has an installed capacity of 15000 MT in the copper product division.

The Company is presently engaged in the manufacture of copper rods, copper foils, copper pipes, copper Sheets, annealed bare copper Strips, paper insulated copper conductors and insulated copper coils (Field Coils). The products of the company are mainly used in telecommunication, power and distribution, transformer, heat exchangers, switchgear and low range transformers, solar Panels and auto ancillary. The company is major supplier to Lucas TVS, MICO and many other leading OEMs.

The Company during the year 2006-07, has added two more copper products Copper Solar Fin’s & Copper Bus Bars in its copper products range. Copper Solar Fin’s are used in Solar Water heaters. Copper Bus Bars are utilized in Electrical industry.

The company started this division in the year 1993-94 and it set up the plant for the first time in the country without any foreign collaboration. The company has manufacturing facility at Goa and manufactures cables from the range of 5 pairs to 800 pairs. The latest technology and testing facilities have led to the units being recognized and approved by the BSNL, MTNL, Indian Railways (IR) and other private Telecom Service providers.

In the year 2002 anticipating the boom in Real Estate & Infrastructure sector the company started to invest the surplus liquidity from its core business in acquiring real estate properties and infrastructure related projects including Construction of IT Parks and Housing Projects with a long-term view to become an infrastructure player.

During the year 2006-07, the Company has forayed into the non conventional energy sector with a wind power project with an installed capacity of 9 MW at Kapatigudda, Karnataka State. The phase-I of the project was commissioned in Sep’06 and the phase-II of the project was commissioned in Mar’06. This project is eligible foe carbon credits and also for taxation benefits under Sec. 80I(A) of Income Tax Act.