Ram Ratna Wires Ltd. bags approval under Rajasthan Investment Promotion Scheme for Bhiwadi Plant

Ram Ratna Wires Ltd., a leading manufacturer of super enameled copper winding wires in India has announced that its Bhiwadi plant has been approved under the Rajasthan Investment Promotion Scheme (RIPS-2024). This approval entitles the company to receive Turnover Linked Incentive of 1.32% (in % of EFCI), along with Electricity Duty Exemption for 7 years and 25% Stamp Duty Reimbursement.

The Bhiwadi facility is expected to become a major growth driver for the company, strengthening Ram Ratna Wires Ltd.'s manufacturing capabilities and enabling us to serve high-demand markets more efficiently. With an approved Eligible Fixed Capital Investment (EFCI) of ₹186.77 crore under RIPS-2024, the plant will benefit from fiscal incentives that enhance operational efficiency and cost competitiveness, contributing to profitability and reinforcing our leadership position in the industry.

Speaking at the occasion Shri Mahendrakumar Kabra, Managing Director at Ram Ratna Wires Ltd., said - "We are delighted to receive this approval under RIPS-2024 for our Bhiwadi plant. The incentives under the scheme will help us optimize costs and reinvest in technology and capacity expansion. The plant is well positioned to capitalize on the copper tube segment, which plays a crucial role in India's rapidly growing air conditioning industry and offers significant growth opportunities. We are expecting considerable incremental revenue from the Bhiwadi plant starting this financial year, which will contribute meaningfully to profitability and strengthen the company's growth trajectory."

Shares of RAM RATNA WIRES LTD. was last trading in BSE at Rs. 612.25 as compared to the previous close of Rs. 617.40. The total number of shares traded during the day was 246 in over 51 trades.

The stock hit an intraday high of Rs. 620.30 and intraday low of 610.10. The net turnover during the day was Rs. 151284.00.

Source : Equity Bulls

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RAMRATNAWIRES INE207E01023 Approval RIPS2025