Auro Impex & Chemicals Ltd

Auro Impex & Chemicals Ltd

Auro Impex & Chemicals Limited was originally incorporated as Auro Impex & Chemicals Private Limited on January 20 1994 as Private Limited Company with Registrar of Companies Kolkata West Bengal. Subsequently Company converted into a Public Limited Company and its name was changed to Auro Impex & Chemicals Limited. A fresh Certificate of Incorporation consequent upon conversion to a Public Limited Company was issued by the Registrar of Companies Kolkata West Bengal on September 30 2022. The Company specializes in manufacturing of Collecting Electrode Discharge Electrode Plate steel structures and other internal components of an Electrostatic Precipitator (ESPs) - a filtration device used to remove smoke and fine dust particles from flowing gas used in various heavy industries such as Steel Plants Sponge Iron industry Cement Plants Thermal Energy Plants and any other plant where the coal is burnt as a measure to control Air Pollution. The Company commenced operations in the year 1989 under a proprietorship concern 'Auro Enterprises' which was led under the leadership of Promoter Mr. Madhusudan Goenka. In 1995 the Company started business as a trading concern of foundry flex ferrous and non- ferrous alloys and established a channel network over the years. With the growing demand to minimize air pollution as well as increased awareness amongst the public and the government initiatives to reduce air pollution in year 2011 the Company had set up a Manufacturing facility for manufacturing of Electrostatic precipitator internals for both American and European designs in West Bengal with all the requisite machines and equipment of becoming one of the top producers of ESP Internals (Collecting Electrode Discharge Electrode Electro- magnetic rapper Tank Fabrication and Duct Fabrication and ESP Internal spare parts etc). It has been providing production services like design/detailing manufacturing and project execution to Original Equipment manufacturers and service providers for whom it manufactured the internal parts of Electrostatic Precipitators (ESPs).After that the Promoter Mr. Madhusudan Goenka established Auro Industries Ltd. which took over the trading business of Auro Enterprises and steadily expanded into importing of Electrostatic precipitator hollow bushings manufacturing of batteries for the battery industry under the brand name Auro which launched in year 2017. In FY 2022 the Manufacturing Facility had a total installed capacity of 15500 M.T. and a total actual output of 12252 M.T.The Company is planning to come out with an Initial Public Offer by raising capital of Rs 20 crore Equity Shares through Fresh Issue and by issuing 550000 Equity Shares through Offer for Sale.