Ram Ratna Wires Limited — Updates, 21-01-2025: Press Release

Ram Ratna Wires Ltd. has bagged approval under the Production Linked Incentive (PLI) Scheme for White Goods, committing an investment of approximately ₹253 crore. This initiative focuses on manufacturing Copper Tubes and Aluminum Stock for heat exchangers, aligning with the 'Make in India' and 'Aatmanirbhar Bharat' initiatives aimed at enhancing local manufacturing capabilities and integrating India into the global supply chain.

The PLI scheme offers incentives ranging from 6% to 4% on incremental sales over five years, following a gestation period. With domestic value addition projected to increase from 15-20% to 75-80%, the move positions Ram Ratna as a major player in the air conditioning components market. Managing Director Shri Mahendrakumar Kabra emphasized the focus on innovation and production efficiency, indicating a strong growth trajectory in the evolving energy sector. This strategic push not only signals potential growth but also enhances the company's competitive stance. Investors should maintain a positive outlook as this development reflects substantial growth opportunities in India's manufacturing landscape.