Adani Energy To Launch Underground Section Of Mumbai HVDC Power Link By 2026

Ram Ratna Wires Limited, a leading manufacturer of copper winding wires, has received approval under the Rajasthan Investment Promotion Scheme (RIPS) 2024 for its new facility at Bhiwadi. The investment, valued at ₹186.77 crore in Eligible Fixed Capital Investment (EFCI), is expected to accelerate the company’s expansion strategy while improving operational efficiency and cost competitiveness.

The approval grants Ram Ratna Wires access to fiscal incentives designed to encourage industrial investment in Rajasthan. These include tax reimbursements, electricity duty exemptions, and infrastructure support—measures that will strengthen the state’s position as a manufacturing hub while helping the company optimise production and expand its market footprint. Industry analysts note that the expansion aligns with India’s growing demand for copper-based products driven by the renewable energy, automotive, and air conditioning sectors. “Rajasthan’s investment policy framework is increasingly attracting industrial projects that are both technologically advanced and resource efficient,” said an official familiar with the scheme. “Such investments promote local job creation and regional industrial resilience.”

The Bhiwadi plant is expected to focus on the copper tube segment, which is gaining traction amid India’s surging air conditioning and electrical equipment manufacturing industries. By expanding its production base, the company aims to enhance domestic supply chains and reduce import dependence for specialised copper products. According to company representatives, the RIPS incentives will enable reinvestment in automation and sustainability upgrades, ensuring cleaner production methods and long-term cost savings. Industry experts suggest that energy-efficient processes and material recycling are becoming critical competitiveness factors in copper manufacturing.

The move is also in line with India’s broader push toward climate-friendly industrial growth. Copper, a key material in electric mobility, green power systems, and energy-efficient appliances, plays a vital role in supporting the country’s transition toward net zero. Ram Ratna Wires’ expansion underscores how industrial investment can align with sustainability goals when backed by progressive state policies. With the Bhiwadi plant expected to become operational in the coming years, the facility will contribute to Rajasthan’s goal of strengthening its industrial ecosystem while enabling manufacturers to adopt cleaner, more efficient technologies. The investment not only reinforces Ram Ratna Wires’ position in the market but also demonstrates how policy-driven incentives can spur sustainable industrial development in India’s emerging cities.

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