Ram Ratna Wires Ltd. Gains RIPS-2024 Approval for Bhiwadi Plant
Filing Summary
Ram Ratna Wires Ltd. has received approval under the Rajasthan Investment Promotion Scheme (RIPS-2024) for its Bhiwadi plant. This approval provides the company with a Turnover Linked Incentive of 1.32%, a 7-year Electricity Duty Exemption, and a 25% Stamp Duty Reimbursement. The plant has an approved Eligible Fixed Capital Investment of ₹186 crore. The incentives are designed to enhance operational efficiency and cost competitiveness. The Bhiwadi facility is expected to contribute to the company’s profitability and reinforce its position in the industry.
Ram Ratna Wires Ltd. has announced the approval of its Bhiwadi plant under the Rajasthan Investment Promotion Scheme (RIPS-2024). This approval was disclosed in a press release submitted to the BSE under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The approval entitles the company to receive several fiscal incentives aimed at enhancing its operational capabilities.
The financial terms of the approval include a Turnover Linked Incentive of 1.32% based on the Eligible Fixed Capital Investment (EFCI). Additionally, the company will benefit from a 7-year Electricity Duty Exemption and a 25% Stamp Duty Reimbursement. The Bhiwadi plant has an approved EFCI of ₹186 crore under the RIPS-2024 scheme. These incentives are structured to improve the plant’s cost efficiency and operational competitiveness.
The scope of the Bhiwadi plant includes the manufacturing of super enameled copper winding wires. The facility is expected to play a significant role in meeting high-demand markets more efficiently. The incentives provided under RIPS-2024 are intended to optimize costs and support reinvestment in technology and capacity expansion. The plant is positioned to serve the copper tube segment, which is integral to India’s air conditioning industry.
The market context for this development is significant, as the copper tube segment is crucial for the air conditioning industry in India. The Bhiwadi plant’s operations are expected to contribute to the company’s profitability and reinforce its leadership position in the industry. The approval under RIPS-2024 is a strategic move to enhance the company’s manufacturing capabilities and market reach.
The timeline for the implementation of the incentives and the operational commencement of the Bhiwadi plant was not specified in the filing. However, the company has indicated that the plant is expected to generate incremental revenue starting this financial year. The approval was officially announced on November 7, 2025, and the details are available on the company’s website.
Ram Ratna Wires Ltd., founded in 1992, is a prominent part of RR Global, a conglomerate in the electrical and copper industry. The company is a leading manufacturer of super enameled copper winding wires in India, offering a wide range of products under the brand RR Shramik. The company is expanding its portfolio to include copper tubes and pipes, as well as venturing into BLDC motors, hub motors, HVLS fans, and wind tower fabrication through its subsidiaries and joint ventures.