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History of
BTW Industries Ltd.
BTW Industries Limited has been promoted by Mr Chandra Prakash Bhalotia a graduate, who started his career in the business of timber trade in the year 1973, largely dealing in local timber. The Government of India, meanwhile liberalised the import of timber to conserve the local forest by including timber in OGL. In 1988 he promoted Bhalotia Timber Works Private Limited [now BTW Industries Limiteds] to take over his rapidly expanding business as well as to start import of timber.
Mr Bhalotia launched his career in Industrial activity in 1990, when he took over a sick unit of speciality plywood & another ancilliary unit to manufacture veneer located at Raipur in Madhya Pradesh. The two Companies are now styled Bhalotia Plywood and Industries Limited [BPILs]_ & Bhalotia Veneers Private Limited [BVPLs]. The operations of these units have considerably improved since takeover.
After having consolidiated the gains in existing lines of activity, Mr Bhalotia is embarking upon oriented activities to take advantage of policy now being pursued by Government, which is export oriented.
As the first part of diversification, Mr Bhalotia has undertaken setting up a 100% EOU of granite project in Jeypore, District - Koraput, Orissa of which 1st Phase has been duly commissioned & commercial production started. The 2nd phase of Granite Unit is scheduled to be completed by end 1992. Yet another venture of Mr Bhalotia, a 100% EOU for manufacture of international grade Activiated Carbon from Coconut shells, is also under implementation in technical collaboration with PLEQ Plant and Equipment Engineering GmbH, Germany at an estimated capital outlay of Rs 3000 lakhs. Though the Activated Carbon Project shall be a division of company, the proceeds from the present issuere not intended to be spent on the Activiated Carbon project.
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