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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 FINANCIAL PERFORMANCE

The financial performance of the Company in the past 4 years is as under

2004
-Rajratan Gustav recommends 18% dividend

2005
-Rajratan Gustav recommends 18% dividend

2006
-Rajratan Gustav has recommended a Dividend of 15%

2007
-Rajratan Global Wire Ltd has designated E-mail ID for registering investor complaint is investor-cell@rgwl.co.in

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.
-Rajratan Global has recommended a Dividend of 10%

2009
-Rajratan Global has recommended a Dividend of 10%

2010
-Rajratan Global has recommended a Dividend of 15%

2011
-Rajratan Global has recommended a Dividend of 15%

2012
-Rajratan Global has recommended a Dividend of 12%

2013
- The Company has recommended a Dividend of Rs. 1.00 per share (10%) on the equity shares.

2014
- The company has recommended a Dividend of Rs. 1.00 per share (10%) on the equity shares.

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