Ram Ratna Wires Ltd updates on expansion project

Ram Ratna Wires Ltd (RRWL) had earlier announced the setting up of new manufacturing facility / plant at Industrial Area, Salarpur, Bhiwadi, Distt - Alwar, Rajasthan. The company has been allotted industrial land, admeasuring 39,680 square meters at Industrial Area, Salarpur, Bhiwadi, Distt. - Alwar, Rajasthan, on long term lease for 99 years by Rajasthan State Industrial Development & Investment Corporation Limited (RIICO), and RRWL has taken possession of the said industrial land today, i.e., on 16th June, 2023, vide the possession letter dated 16th June, 2023.

Also, Epavo Electricals Private Limited ("Epavo"), a joint venture subsidiary company, of RRWL has also been allotted industrial land, admeasuring 20,000 square meters for setting up of manufacturing facility / plant at Industrial Area, Salarpur, Bhiwadi, Distt - Alwar, Rajasthan, on long term lease for 99 years by RIICO and Epavo has also taken possession of the aforementioned industrial land today, i.e. on 16th June, 2023, vide its possession letter dated 16th June, 2023.

Shares of RAM RATNA WIRES LTD. was last trading in BSE at Rs. 278.65 as compared to the previous close of Rs. 281.95. The total number of shares traded during the day was 6107 in over 250 trades.

The stock hit an intraday high of Rs. 284.90 and intraday low of 278.00. The net turnover during the day was Rs. 1709558.00.

Source : Equity Bulls

Keywords

RAMRATNAWIRES INE207E01023 ExpansionProject LandAllotment