Business Update14 May 2024, 07:15 pm
RAM RATNA WIRES LTD.: Board Approves New Line of Business for Bhiwadi Expansion, Expects Production Start by Q2 2024-25
AI Summary
RAM RATNA WIRES LTD. has announced that its Board of Directors approved the production of DHP Copper Tube and related products at its upcoming new facility in Bhiwadi, Rajasthan. The company is set to start production in the second quarter of the current financial year 2024-25. The estimated investment for this expansion is Rs. 200 Crores, and it is expected to bring benefits from the growing demand for electronic goods and potential import substitution.
Key Highlights
- Board approves new line of business for production of DHP Copper Tube and related products
- Production expected to begin in Q2 2024-25
- Investment estimated at Rs. 200 Crores
- Expansion to bring benefits from electronic goods demand and import substitution