Ram Ratna Wires Ltd Acquires 60% Stake in Tefabo Product Pvt Ltd, Aims to Enter Fabricated Components and Assemblies Manufacturing

Ram Ratna Wires Ltd, a leading manufacturer of super enameled copper winding wires, has acquired a 60% stake in Tefabo Product Pvt Ltd. Tefabo is engaged in the business of manufacturing fabricated components and assemblies and has a strong presence in the renewable energy sector with multiple multinational corporations as clients. The turnover of Tefabo for the financial year ended 31st March, 2024, was Rs. 7,815.18 lakhs. This acquisition is expected to be earnings accretive to the shareholders of Ram Ratna Wires Ltd. The company aims to enter the manufacturing of fabricated components and assemblies to strengthen its position in the rapidly growing sectors of renewable energy and railways, aligning with India's renewable energy targets and infrastructure initiatives.