Ram Ratna Wires Secures RIPS-2024 Approval for Bhiwadi Plant

12 Nov 2025 CW Team

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.”

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..