Precision Wires India Limited (PWIL), a leading player in the wire manufacturing industry, has reached a significant milestone in its export journey. The company announced on September 15, 2025, that it has been awarded the prestigious 'Three Star Export House' status by the Directorate General of Foreign Trade (DGFT), Ministry of Commerce & Industry, Government of India.

Recognition of Export Excellence

The Three Star Export House certification is a testament to PWIL's strong export performance and its growing presence in international markets. This recognition is granted to companies that have demonstrated consistent export growth and have made substantial contributions to India's foreign trade.

Implications and Benefits

Achieving the Three Star Export House status brings several advantages to Precision Wires India Limited:

1. Enhanced Credibility: The certification serves as a mark of excellence, potentially boosting the company's reputation among international clients.
2. Trade Facilitation: PWIL may enjoy simplified procedures for various foreign trade-related activities.
3. Financial Benefits: The status could lead to improved access to export-related financial instruments and incentives.
4. Market Access: It may open doors to new markets and strengthen the company's position in existing ones.

Official Announcement

In compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Precision Wires India Limited promptly informed the stock exchanges about this development. The company's Company Secretary and Compliance Officer, Deepika Pandey, officially communicated the news to both the BSE Limited and the National Stock Exchange of India Limited.

Looking Ahead

This certification is expected to bolster Precision Wires India Limited's export operations and potentially contribute to its growth strategy in the international market. As a Three Star Export House, the company is well-positioned to leverage this status for expanding its global footprint and enhancing its competitiveness in the wire manufacturing sector.

Investors and stakeholders will likely keep a close eye on how Precision Wires India Limited capitalizes on this new status to drive its export business and overall growth in the coming years.

Precision Wires India Limited, a leading manufacturer of copper wires, has reported strong quarterly performance and announced significant expansion plans totaling ₹70 crore across multiple projects.

Financial Performance

The company delivered robust financial results for the quarter:

Expansion Plans

Precision Wires India has approved several key expansion initiatives:

Copper Rod Manufacturing Expansion

An investment of ₹33 crore has been allocated for expanding copper rod manufacturing capacity:

• ₹28 crore for the Zaroli facility
• ₹5 crore for the Valvada facility

New Silvassa Project

A new expansion and modernization project at Silvassa is planned for 2026, with an estimated cost of ₹37 crore. This project is expected to:

• Increase capacity by approximately 4,400 MT per annum
• Boost the overall installed capacity to approximately 65,400 MT per year by Q4 FY27

These expansion plans demonstrate the company's commitment to growth and meeting increasing market demand for its products.

Corporate Governance

The financial results and expansion plans were approved by the Board of Directors after being reviewed by the Audit Committee, showcasing the company's adherence to good corporate governance practices.

Precision Wires India's strong financial performance and strategic expansion plans position the company for continued growth in the copper wire manufacturing sector.