The Bathwal Group of Companies is a privately held organization with Penguin Trading & Agencies Limited being the flagship of the group. The company has enjoyed a strong presence in various facets of business such as Iron & Steel Manufacturing, Real Estate development, Financing, Fashion and, the latest feather in the cap is Chemicals. The company is a 100% export company dealing in made man fabrics and made ups. Besides the company is a mines owner of Iron Ore at Raikela, Koira Sector of Sundergarh district of Odisha. The captive iron ore mine is located in one of the most mineral rich states of the country and has estimated reserves of 33 million tons of Iron Ore. Over time the company has built a brand for its products and now enjoys the benefits of such an image in the industry. The total turnover of the company from these activities approximately amounts to $60 million. Moreover, the company has always benefited from the nature of the industries it has a presence in as most of them are high margin industries.
Penguin Trading & Agencies Limited is a developing company. Since last year the company is dealing in real estate also and company is always on the look out to purchase completely built properties with credible multi national companies as tenants. The financial position of the company is very strong. The company has zero borrowing and the free reserve of the company is near about Rs. 90 crores ($18 Million). The company is an active investor in the countries stock exchange as well and the volume of investments is near about Rs 30 crores ($6 Million). The company is very aggressive and is an emerging one. To build up industry in the sector of mining is the future planning of the company. Here on, the company plans to expand in a major way in the Iron & Steel sector as it has already been a part of it since 1985 when the company first started operations at its iron ore mine in Orissa, India.
Bathwal Plastics Limited another group company is a 100% export company dealing in made man fabrics and made ups. Total Turn over of the company during the 2008-2009 is near about Rs.30 Crores ($6 Million). The financial position of the company is very strong. The company has zero borrowing
and the free reserve of the company is near about Rs 5 crores ($1 Million) and another Rs.10 crores ($2 Million) as investments in the stock exchanges of the country.
In November of 2007, the company took over a sponge iron-manufacturing unit, Seven Star Steels Limited, in the state of Orissa. This unit was a strategic takeover, which helped add value to the iron ore division of the company. Today it is the most profitable manufacturing units in its industry with an annual sponge iron manufacturing capacity of 60,000 tons per annum. The company has applied for a brown field expansion of the
Current manufacturing unit from its existing capacities to manufacture .25 million metric tons of finished steel for structural and construction purposes. The existing manufacturing unit is spread over a total area of 100 acres, which is adequate for future expansions as well. The group entered the Chemical industry on 25th June, 2011 by entering into a joint venture with Star Loyal a privately held company registered in Hong Kong having
Fluorspar operations in Fujian province of China. The company has under operation two fluorspar mines which suffice the needs of a manufacturing facility capable of producing 5,000 MT per month of acid grade fluorspar, primarily used in the manufacturing of organic and inorganic chemicals for use in major industries such a aluminum etc. The operations being located in the eastern southern part of China is advantageous to the facility as it is for most part unaffected during peak winter season when most of the major
Fluorspar producing parts of northern China become non-operational. Moreover, being within close vicinity to world-class ports, logistical advantages have helped streamline the best of our services to the customers.