Ram Ratna Wires Ltd. (RRWL), a leading manufacturer of super enameled copper winding wires, announced its approval under the Production Linked Incentive (PLI) scheme for white goods. The company has committed an investment of ₹253 crore for manufacturing copper tubes and aluminum stock for foils and fins used in heat exchangers.
Key Highlights:
- Investment & Scope:
- Total investment of ₹253 crore focused on manufacturing copper tubes and aluminum components for air conditioners.
- This initiative aligns with India’s “Make in India” and “Aatmanirbhar Bharat” campaigns, strengthening the domestic manufacturing ecosystem.
- PLI Benefits:
- Incentives of 6% to 4% on incremental sales over five years, post a one-year gestation period.
- Expected domestic value addition growth from the current 15-20% to 75-80%.
- Strategic Opportunities:
- The copper tube segment is crucial for India’s growing air conditioning industry.
- Exploring aluminum stock for foils and fins presents additional growth in energy-efficient applications.
Management Commentary:
Shri Mahendrakumar Kabra, Managing Director of Ram Ratna Wires Ltd., stated:
“We are proud to be selected under the PLI scheme, a testament to our commitment to enhancing India’s manufacturing capabilities. This investment will help us expand capacity and position ourselves as leaders in the competitive white goods sector.”
About Ram Ratna Wires Ltd.:
Founded in 1992, Ram Ratna Wires is part of RR Global, specializing in electrical and copper products. Under its renowned brand, RR Shramik, the company manufactures a wide range of products, including copper and aluminum wires, copper tubes, and energy-efficient motors.
This development is expected to strengthen RRWL’s position in the global supply chain while contributing to India’s economic growth.
Disclaimer: This article is for informational purposes only. Please consult financial advisors before making investment decisions.
