Mumbai, Nov. 10 -- The approval entitles the company to a Turnover Linked Incentive of 1.32% (as a percentage of Eligible Fixed Capital Investment - EFCI), along with Electricity Duty Exemption for seven years and 25% stamp duty reimbursement.

The company stated that the Bhiwadi facility is expected to become a major growth driver for the company, strengthening Ram Ratna Wires manufacturing capabilities and enabling us to serve high-demand markets more efficiently. With an approved Eligible Fixed Capital Investment (EFCI) of Rs 186.77 crore under RIPS-2024, the plant will benefit from fiscal incentives that enhance operational efficiency and cost competitiveness, contributing to profitability and reinforcing our leadership position in th...