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Rajratan Global Wire Ltd. Company History and Annual Growth Details
The Company was incorporated on September 9, 1988 with 400/o NRI investment to put up a steel wire drawing unit in the centrally declared backward area of Pithampur (Dist. Dhar), near Indore. The project was conceived in late 1989 and the Land at Pithampur was acquired from Madhya Pradesh Audyogik Kendra Vikas Nigam in April 1990 only. The Plant & machinery to manufacture High Carbon (H.C.) wires was acquired by January 1991 and the commercial production commenced in March 1991.
On seeing the demand for high carbon Prestressed Concrete (PC) wires, the promoters decided to put up a unit to manufacture different types of PC wires and strands.The total cost of the PC Wire Project was Rs. 178 lacs which was financed by M.P.A.V.N. and M.P.F.C. There have been no labour disputes/litigations/defaults etc. in the company since its incorporation.
The Company has been able to establish its presence in the highly competitive steel wire market in the last 3 years.
PAST F]INANCIAL PERFORMANCE The financial performance of the Company in the past 4 years is as under
- Rajratan Global Wire Ltd has approved the appointment of Mr. Deepesh Trivedi as additional and Executive Director of the Company w.e.f. January 21, 2008.
-Rajratan Global Wire Ltd has informed that Madhya Pradesh Stock Exchange Ltd (MPSE) has approved delisting of shares of the Company vide their letter dated May 28, 2008.