- Business
- International Conveyors Limited (INTLCONV.BO), founded in 1973 and headquartered in Kolkata, India, manufactures and markets solid woven fabric reinforced polyvinyl chloride (PVC) impregnated and PVC covered fire retardant, anti-static conveyor belting for underground and above-ground mining and bulk material handling applications; the company produces high-performance PVC fire- and ozone-resistant antistatic solid-woven conveyor belts suitable for conveying coal, potash, phosphate, fertilizer, clay, gypsum, and salt, with strengths up to 3150 kN/m and widths from 600 mm to 1800 mm; it also trades steel cord conveyor belts, fasteners, and fittings; generates wind power through five windmills located in Gujarat, Maharashtra, Karnataka, and Andhra Pradesh; and maintains a treasury segment focused on investments in equity instruments, inter-corporate deposits, and mutual funds. ISO 9001:2015-certified, International Conveyors Limited operates production facilities in Aurangabad, Maharashtra, and Falta, West Bengal, with an annual installed capacity exceeding 1.1 million meters, serving domestic and international markets including Europe, Russia, South Africa, Canada, Australia, and the USA. The company targets mining, power, and bulk transportation sectors as India's only listed player in PVC conveyor belting. Recent developments include the acquisition of 121,540 equity shares in Ganesha Ecosphere Ltd for Rs 11.28 crore on November 26, 2025, as part of its investment diversification strategy; purchase of 138,856 equity shares in Sterling and Wilson Renewable Energy Ltd (SW Solar) valued at Rs 3.49 crore on February 27, 2025; and acquisition of 60,814 equity shares in Natco Pharma Ltd for Rs 5.27 crore; additionally, NSE granted in-principle approval on November 20, 2025, for listing up to 3,375,000 equity shares under the ICL Employee Stock Option Plan 2020.