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Bhuruka Gases Limited
Sector:Others Others - Miscella - Others
Market Lot: 1Face Value: 3ISIN Demat: INE880D01029
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Business Profile
Bhuruka Gases (BHOGASES), formerly known as Karnataka Oxygen, was established in 1974. It has been in operation since then as a manufacturer of industrial gases with its manufacturing facilities in Bangalore and a branch in Chennai.

The company has installed a 120 TPD air separation plant imported from Linde AG, Germany which enables BHOGASES to produce cryogenic products and argon. Argon is produced by the latest Linde rectification process without the conventional use of hydrogen. BHOGASES produces mainly three types of gases, namely special gases, general gases and calibration gases.

The product range of the company includes argon, hydrogen, nitrogen, argon oxygen mixture (AOM), argon carbon dioxide mixture (ACM), ethane, air-zero grade ethylene, xenon, helium. These gases are used by organizations like HAL, ISRO, Widia, Tagutec, ..etc. BHOGASES also takes up projects such as air-separation plant installation, commissioning, troubleshooting and maintenance; high-pressure gas pipelines; Cu/SS/carbon steel with cylinder-handling manifolds.

The client list of the company includes Ispat, Isro, ITI, BOC, HAL, Widia, Inox India, ..etc.

Bhuruka Gases posted a net profit of Rs 41.6 million for the year ended Mar. 31, 2007 on sales of Rs 349.6 million. Total income for the year stood at Rs 349.6 million. During the year, the company posted an EPS of Rs 2.96.

Future Plans
The company is proposing to expand its activities to power generation through windmills. Source of energy power generation will be distributed for business/commercial purposes. The capacity upto 12 MW with a total project outlay of Rs 550 million has been proposed. This will reduce the power cost by Rs 2 to Rs 3 per unit over the years making the final product cost more competitive to withstand future market conditions.

In Brief

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