### **Overview** Bajaj Steel Industries Limited (BSIL), established in **1961** and headquartered in **Nagpur, India**, has evolved from a niche cotton ginning machinery manufacturer into a diversified, multi-product engineering conglomerate with a robust global footprint. The company operates across **five core divisions** — **Cotton Processing Machinery, Infrastructure (PEBs), Electrical Panels, Heavy Engineering, and Other Products** — serving over **60 countries** through 14 manufacturing units, four global subsidiaries, and a highly skilled workforce of **over 2,000 employees**, including 200+ specialized engineers. BSIL is listed on the **BSE since 1986** and holds an estimated **35–40% global market share in cotton processing machinery**, making it the **world’s only manufacturer capable of producing all four major cotton ginning technologies**: - Single Roller Gin - Double Roller Gin - Saw Gin - Roto-Bar Gin The company is also the **only global entity offering all pressing technologies** — Down, Up, and Horizontal packing — under one roof. --- ### **Corporate Evolution & Strategic Diversification** - **1961**: Founded, initially manufacturing Single and Double Roller Cotton Ginning Machines for India and East Africa. - **1996**: Began exporting, marking the start of international expansion. - **2006**: Expanded cotton processing plant capacity; recognized by the Union Textile Minister as India’s **largest & most modern cotton ginning machinery manufacturer**. - **2011**: Entered into technical collaboration with **CIRCOT-ICAR**, a premier cotton research institute under the Government of India, to drive R&D and innovation. - **2012**: Acquired **Continental Eagle Corporation (USA)**, integrating Saw and Roto-Bar Ginning technologies and establishing **Bajaj Coneagle LLC** in the U.S., cementing its status as a **global market leader** in cotton ginning. - **2015**: Established **Bajaj Steel Industries (U) Ltd.** in Uganda to strengthen African market presence. - **2020s**: Launched new divisions — **Electrical Panels (2021–2023), Heavy Engineering (2023), and expanded Infrastructure (PEBs)** — transforming into a **multi-product, technology-driven engineering enterprise**. - **2024–2025**: Commissioned a **new 4-acre manufacturing facility** in Nagpur, increasing PEB capacity by **25,000 MTPA** to **35,000 MTPA total**. - **2025**: Incorporated two subsidiaries in **Brazil (Bajaj Continental LTDA & Bajaj Services LTDA)**, marking strategic entry into **South America** and enhancing global project execution. --- ### **Divisional Business Highlights (as of Nov 2025)** #### **1. Cotton Processing Machinery (Core Legacy Business)** - **Global leader** in cotton ginning machinery with **35–40% market share globally, 50% domestic share**. - **Exports >50% of total revenue**, with presence in USA, Australia, Europe, Africa, Central Asia, and Latin America. - Manufactures **custom-built ginning systems** with **up to 200 bales/hour capacity** (highest in the world). - Key brands: **Bajaj DR Gin, Bajaj Continental Saw Gin, IMPCO Delinting Equipment**. - Ongoing R&D with **CIRCOT-ICAR** on moisture management, cotton classification, and **wood-fired cotton seed dryers** to improve oil and cake quality. - Appointed as **channel partner for ABB (2023)** and **Schneider Electric (2025)** — enhancing electrical integration in ginning plants. - **Order book (Cotton): ₹471 crore (Mar 2025)**, with significant demand from emerging markets like Brazil, Mexico, and Uzbekistan. #### **2. Infrastructure Division (Pre-Engineered Buildings - PEBs)** - Designs, fabricates, and erects **industrial sheds, warehouses, solar mounting structures, K-houses**, and **turnkey EPC projects**. - **Production capacity: 35,000 MTPA**, supported by **31,000 sq. m facility** and advanced software (TEKLA, STAAD Pro, AutoCAD). - Structures comply with **IS (India) and AISC (USA)** standards for seismic and wind loads. - **600+ projects** executed for **Indian Oil, Maha Metro, Nuclear Fuel Complex (Hyderabad, 2022), Maharashtra Warehousing Corporation**. - Delivered **150,000 sq. ft. PEB for logistics park in Nagpur (2023)**. - **Order book: ₹70 crore (Sept 2025)**, EBITDA margin: **12–14%**, asset turnover: **3.0–4.0x**. - Revenue (H1 FY26): **19% of total**, expected to **triple in 2–3 years**. - **Capex: ₹100–110 crore** planned over next 2–3 years to scale PEB capacity and meet rising demand for **fast, cost-effective industrial buildings**. #### **3. Electrical Panels Division** - Manufacturer of **intelligent electrical solutions**: - Power & Motor Control Centers (PCC/MCC/IMCC) - APFC, LT/HT Panels - PLC & SCADA Systems - Bus Trunking & SVGR (Harmonic Control) Systems - Certified under **IEC 61439, UL, and IS 8623** — enabling exports to developed markets. - **Channel partner for ABB, Schneider Electric, and Mitsubishi (HVAC)** — expanding OEM and system integrator capabilities. - Serves key industries: steel, cement, textiles, food processing, and utilities. - **Order book: ₹19 crore (Sept 2025)**, EBITDA margin: **16–18%**, asset turnover: **3.0–4.0x**. - Contribution to revenue: **10% in H1 FY26**. - **Capex: ₹60–80 crore** to scale production and leverage global partnerships. #### **4. Heavy Engineering Division** - Designs and fabricates **custom industrial structures and equipment** for: - Steel plants (e.g., molten steel transfer cars for Primetals) - Cement, mining, power, and biomass sectors - Torrefaction and **biomass pellet plants** - Global partnerships with **TSI (USA), 3D Bukaka (Indonesia), Adelte (Spain)** - **Key innovation: Asia’s longest Passenger Boarding Bridge (Aerobridge)** supplied in 2024. - **57 aerobridges delivered** (as of Dec 2024) to airports in India and abroad. - **Manufacturing capacity: 12,000 MT**, EBITDA margin: **15–17%**, asset turnover: **3.0–4.0x**. - **Order book: ₹17 crore (Mar 2025)** - Revenue contribution: **7% in H1 FY26** - **Capex: ₹100–110 crore** to focus on **high-growth niche areas** — aerobridges, torrefaction, and steel plant equipment. #### **5. Other Products Division (Ancillary & Niche Segments)** - Diversified product portfolio includes: - **Firefighting systems** (hydrants, sprinklers, extinguishers) - **Steel & fire-resistant doors** - **HVAC systems** (via Mitsubishi partnership) - **Specialty conveyors, ducting, industrial fans, hydraulic systems** - **Modular office furniture (Oce Furniture)** - Revenue contribution: **1%**, but with **high-margin, scalable potential** in regulated sectors. - **Capex: ₹30–40 crore** to scale niche offerings in domestic and export markets. --- ### **Recent Strategic Developments (2024–2025)** - **New 100,000 sq. ft. expansion** in Infrastructure Division (2024). - **Launch of ‘Rapid’ Rotobar Gin (2025)** — high-speed (2–3 bales/hour), digital-controlled, energy-efficient. - **Development of automated systems** — Leather Washer Removal, Seed Compacting Machines, microwave bale moisture sensor, data communicator. - **Entry into biomass and biofuel** value chain — manufacturing torrefaction plant components and pellet plant structures. - **Strong government tailwinds**: Alignment with **Make in India, Atmanirbhar Bharat, Digital India**, and infrastructure push. --- ### **Global Presence & Operations** - **Headquarters & Manufacturing Hub**: Nagpur, India — **42-acre facility, 50,000+ sq. m built-up area**. - **Subsidiaries**: - **Bajaj Coneagle LLC (USA)** - **Bajaj Steel Industries (U) Ltd. (Uganda)** - **Bajaj Continental LTDA & Bajaj Services LTDA (Brazil)** - **Sales offices** in **Brazil, Peru, Paraguay, Argentina, Australia, West & East Africa, CIS, GCC**. - **Exports**: >50% of revenue from **60+ countries**. - **Key International Clients**: TSI (USA), Beumer (India), Prodesa (Spain), Metso (Finland), SMS (Germany), Danelli. --- ### **Technology & Innovation** - Led by **Dr. M.K. Sharma (Whole Time Director & CEO)**. - Ongoing R&D on: - Cotton seed dryers, moisture control, fiber classification - Air management systems, smart burners, contamination detection - Automation and digital integration (Modbus, WiFi, HMI systems) - Collaborates with **CIRCOT (ICAR)** and leverages **Continental Eagle's U.S. technology**. - Focus on **sustainability**, **fuel efficiency**, and **value-added by-products** (oil, cake).