Rajratan Global Wire Limited , a prominent player in the wire manufacturing industry, has received a significant boost in its operations through government support. The company recently announced the receipt of Rs 3.27 crore as the latest tranche of Investment Promotion Assistance (IPA) from MP Industrial Development Corporation Limited, a government undertaking of Madhya Pradesh.

Investment Promotion Assistance Details

The IPA is part of the Madhya Pradesh Nivesh Protsahayan Yojana, 2014, a scheme designed to promote industrial investment in the state. Here are the key details of the assistance:

This recent disbursement represents the latest installment of the government's commitment to supporting Rajratan Global Wire's growth and operations in Madhya Pradesh.

Significance of the Assistance

The Investment Promotion Assistance scheme is a strategic initiative by the Madhya Pradesh government to foster industrial growth and attract investments in the state. For Rajratan Global Wire Limited, this financial support may contribute to various aspects of its business, such as:

1. Expansion of production capabilities
2. Investment in research and development
3. Enhancement of infrastructure
4. Improvement of operational efficiency

Company's Disclosure

In line with regulatory requirements, Rajratan Global Wire Limited has duly informed the stock exchanges about this development. The company's disclosure, made through its Company Secretary and Compliance Officer, Shubham Jain, ensures transparency and keeps investors and stakeholders informed about significant financial events.

The consistent support through the IPA scheme underscores the government's commitment to nurturing industrial growth in Madhya Pradesh, while also highlighting Rajratan Global Wire's ongoing expansion and investment in the state.

As the company continues to benefit from this assistance over the sanctioned period, it remains to be seen how this support may translate into tangible growth and performance improvements for Rajratan Global Wire Limited in the coming years.

Rajratan Global Wire Limited , a leading manufacturer of bead wire, has announced growth projections for the fiscal year 2026 (FY26), highlighting improvements across its operations.

Volume Growth and Revenue Projections

The company expects a 15% consolidated volume growth in FY26, underpinned by performance across its facilities. For the first half of FY26, Rajratan Global Wire projects a 16% year-on-year increase in revenue, targeting ₹540.00 crore. This growth is expected to be accompanied by EBITDA margins of around 13%.

Chennai Plant Profitability

A key highlight of the company's recent performance is the turnaround of its Chennai plant. The facility has achieved profitability at 60% utilization, marking a milestone in its operational efficiency. This development demonstrates the plant's ability to contribute positively to the company's bottom line before reaching full capacity.

Thailand Operations

Rajratan's Thailand operations continue to show strong performance, maintaining a utilization rate of 91%. This indicates efficient capacity management and robust demand in the international market.

Strategic Initiatives

The company's growth strategy includes:

1. Capacity Expansion: Rajratan Global Wire is expanding its total capacity to 1.2 lakh tonnes per annum (TPA) across its India and Thailand operations.
2. Export Mix Improvement: The company is focusing on enhancing its export mix, which is expected to contribute to revenue growth and margin improvement.
3. Market Share Gains: With increased capacity and improved operational efficiency, Rajratan aims to capture a larger share of the bead wire market.

Financial Outlook

The projected growth and operational improvements are expected to result in:

• Higher operating leverage
• Improved profitability
• Strengthened market position

Investor Presentation Highlights

According to the recent investor presentation for Q2 FY2025-26:

• The company achieved its highest ever quarterly consolidated volumes, exceeding 32,000 MT.
• Bead wire volumes reached a record 29,003 MT across all plants.
• EBITDA touched ₹40.00 crore, the highest in 13 quarters.
• The Chennai plant turned profitable within 12 months of commissioning.
• Thailand subsidiary operations remained growing and profitable, despite Chinese competition.

Management Commentary

Sunil Chordia, Chairman and Managing Director, stated, "The game-changer in the company's performance was the decisive turnaround in its new Chennai plant. This plant turned profitable within 12 months of being commissioned - achieving 60% capacity utilisation in the latter half of Q2 FY26."

He further added, "As the Chennai plant increases capacity utilisation, the growth impact on the company's financials could become more evident and sustainable."

Rajratan Global Wire's projections and recent performance indicate a positive outlook for the company, with strategic expansions and operational efficiencies driving growth in the coming fiscal year.