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.