Rajratan Global Wire Limited has announced that its Board of Directors has approved the procurement of machinery for a new value-added product line, Wire Rope, at its Pithampur Plant.

This initiative aims to convert the existing 12,000 TPA capacity of Black Wire into 10,000 TPA of Wire Rope, thereby enhancing the company's product range.

The investment, approximately Rs. 50 crore, will be financed through a combination of debt and internal accruals. According to the company's disclosure to stock exchanges, the Pithampur plant's current Black Wire capacity is operating at 95-100% utilization, making this value addition timely and strategic.

The company also released its audited financial results for the fiscal year ended March 31, 2025. RGWL reported consolidated net revenue from operations of Rs. 93,525 lakhs, an increase from Rs. 89,045 lakhs in the previous fiscal year. The net profit for the period stood at Rs. 5,880 lakhs compared to Rs. 7,184 lakhs in FY 2023-24.

The Board has recommended a final dividend of 100% (Rs. 2 per equity share) for FY 2024-25, subject to approval by shareholders at the upcoming Annual General Meeting. The date for the AGM will be announced later.