Ram Ratna Wires Secures RIPS-2024 Approval For Bhiwadi Plant Expansion

Strategic Expansion Gains Policy Backing In Rajasthan

Ram Ratna Wires Ltd, a leading manufacturer of copper winding wires and electrical conductors, has announced that its proposed plant in Bhiwadi, Rajasthan, has been approved under the state’s RIPS-2024 policy framework. The scheme is designed to attract industrial investments by offering a range of benefits including capital subsidies, tax reimbursements, and infrastructure support.

The Bhiwadi facility is expected to enhance the company’s production capacity and cater to rising demand from the power, automotive, and appliance sectors. With this strategic expansion, Ram Ratna aims to strengthen its supply chain footprint in northern India and improve delivery timelines for key clients.

The RIPS-2024 approval is seen as a significant milestone that will accelerate project execution and improve cost competitiveness through state-backed incentives.

Key Developments  

• Bhiwadi plant approved under Rajasthan’s RIPS-2024 scheme  
• Project to boost capacity in copper wire and conductor manufacturing  
• Eligible for fiscal incentives and infrastructure support  
• Expansion to support demand from power and industrial sectors  
• Strengthens presence in northern India  

Sources: BSE Corporate Filings, Rajasthan Government RIPS-2024 Policy Brief, Economic Times, Business Standard, Ram Ratna Wires Ltd Investor Updates