Ram Ratna Wires Limited (RRWL) has announced its approval of investment of INR 253 crore under the Production Linked Incentive (PLI) scheme. The investment will be utilized for the manufacturing of copper tubes and aluminium components for air conditioners.
Jan 21, 2025
Ram Ratna Wires Limited (RRWL), a manufacturer of super enamelled copper winding wires, has announced its approval under the Production Linked Incentive (PLI) scheme for white goods.
The total investment of INR 253 crore focused on manufacturing copper tubes and aluminium components for air conditioners. This initiative aligns with India’s ‘Make in India’ and ‘Aatmanirbhar Bharat’ campaigns, strengthening the domestic manufacturing ecosystem.
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The PLI benefits received by the company include incentives of 6% to 4% on incremental sales over five years, post a one-year gestation period. The company expects the domestic production growth from the current 15-20% to 75-80%.
Talking about the new development, Shri Mahendrakumar Kabra, Managing Director of Ram Ratna Wires Limited, said “We are proud to be selected under the PLI scheme, a testament to our commitment to enhancing India’s manufacturing capabilities. This investment will help us expand capacity and position ourselves as leaders in the competitive white goods sector.”
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The copper tube segment is crucial for India’s growing air conditioning industry, and exploring aluminium stock for foils and fins presents additional growth in energy-efficient applications.
