Bharat Wire Ropes has commenced commercial production from its State of the Art Wire Rope manufacturing facility at Chalisgaon, Maharashtra on March 22, 2017.

Bharat Wire Ropes is engaged in manufacturing and sales of wire ropes, structural strands, slings and wires which find its application in general engineering, fishing, elevators, cranes, material handling, power transmission, suspension bridges, onshore / offshore oil exploration, ports and shipping, mining, defence, railways etc. It is also engaged in the business of trading of the steel related products.

Shares of the company declined Rs 3.10, or 3.65%, to trade at Rs 82.00. The total volume of shares traded was 161,910 at the BSE (1.30 p.m., Wednesday).