Ram Ratna Wires Secures RIPS-2024 Approval for Bhiwadi Plant
ECONOMY & POLICY

Ram Ratna Wires Secures RIPS-2024 Approval for Bhiwadi Plant

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.”

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.”

Related Stories

Gold Stories

Next Story
Infrastructure Urban

KONE Opens India's First Digital Experience Centre in Pune

KONE, a global elevator and escalator manufacturer, has inaugurated its first Digital Experience Centre (DEC) in India, located in Pune. The facility aims to showcase how artificial intelligence (AI), connectivity and data-driven technologies can enhance customer experiences and improve building operations.The centre was inaugurated by Jussi Herlin, Executive Vice Chair, KONE Corporation; Philippe Delorme, President and CEO, KONE; and Nandan Nilekani, Co-founder and Chairman of the Board, Infosys.Designed as an interactive customer environment, the facility demonstrates digital solutions cover..

Next Story
Infrastructure Urban

CII GreenCo Launches Circularity Guidelines for Indian Industry

The Confederation of Indian Industry (CII) GreenCo Council has launched the CII GreenCo Circularity Guidelines – Pilot Version at the 17th CII GreenCo Waste & Resource Management Summit 2026 in Chennai. The initiative aims to strengthen resource efficiency, waste reduction and circular economy practices across Indian manufacturing and process industries.The guidelines introduce a structured framework with circularity indices covering raw materials, consumables, packaging and other resource inputs. These indicators will help industries assess existing practices, identify opportunities to ..

Next Story
Infrastructure Energy

Global Electronics Association Launches IPC-1783-CO2E Standard

The Global Electronics Association has introduced IPC-1783-CO2E, a new international standard aimed at improving consistency, transparency and comparability in product carbon footprint reporting across the electronics manufacturing industry.The standard, titled International Standard for Data Collection and Reporting of CO2 Equivalent (CO2e) Emissions for the Electronics Manufacturing Supply Chain, provides industry-specific guidance for collecting, estimating and reporting carbon emissions data.With increasing regulatory requirements and customer expectations, electronics manufacturers face c..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code