Ram Ratna Wires Ltd, a leading manufacturer of super-enameled copper winding wires in India, has received approval for its Bhiwadi plant under the Rajasthan Investment Promotion Scheme (RIPS-2024).

The approval grants the company a Turnover Linked Incentive of 1.32 per cent of the Eligible Fixed Capital Investment (EFCI), along with a seven-year Electricity Duty Exemption and 25 per cent Stamp Duty Reimbursement.

With an approved EFCI of Rs 1867.7 million, the Bhiwadi facility is set to become a key growth driver for Ram Ratna Wires Ltd., enhancing its manufacturing capacity and competitiveness. The incentives are expected to strengthen operational efficiency, improve cost management, and support the company’s expansion in high-demand markets.

The RIPS-2024 approval underscores the company’s commitment to investing in advanced infrastructure and reinforces its leadership in India’s copper wire manufacturing industry.

Speaking at the occasion Mahendrakumar Kabra, Managing Director.Ram Ratna Wires, said “We are delighted to receive this approval under RIPS-2024 for our Bhiwadi plant. The incentives under the scheme will help us optimise costs and reinvest in technology and capacity expansion. The plant is well positioned to capitalise 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.”