Precision Wires India Limited has approved a significant project worth INR 188 crore for recycling copper waste and scrap at Zaroli, Gujarat.
Mar 24, 2025
Precision Wires India Limited, a leading manufacturer of copper wire and wire products specializing in enameled and winding wires for various applications, has approved a significant project for recycling copper waste and scrap at Zaroli, Gujarat. The estimated investment for this project is INR 188 crore, excluding the cost of land.
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The company’s Board has successfully secured a term loan and other banking arrangements to support the project. Additionally, the necessary regulatory approvals from the Gujarat Pollution Control Board have been obtained, ensuring compliance with environmental standards.
Following the announcement, the company’s shares saw a surge of up to 17%, raising its market capitalization to INR 2,513.72 crore.
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This strategic investment highlights Precision Wires India’s commitment to sustainable practices and resource optimization, contributing to both environmental conservation and economic growth.
