Rajnandini Metal Ltd is a manufacturer that turns refined copper into the high-conductivity wires and rods that carry electricity through the modern world - from power grids to electric vehicles. Incorporated in 2010 and listed on the NSE Main Board since 2020, the company has built its business around a single manufacturing campus in Bawal, Haryana, where it runs sophisticated, imported machinery to produce copper continuous casting rods, winding wires, and fine wires. The recurring approach is simple: buy copper, process it into forms that electrical manufacturers cannot do without, and sell to a widening base of industrial customers whose own growth - in renewables, metros, and electrification - pulls demand along with it.
Business segments
A single engine - copper rod and wire manufacturing - that supplies the electrical industry with the one non-precious metal that conducts electricity better than anything else.
1. Copper rods and wires: the conductive backbone for electrification
The company takes copper and turns it into continuous casting rods, winding wires, and fine wires - the essential starting materials for every cable, motor, transformer, and generator in an electrifying economy.
- Copper continuous casting rods are the flagship - these rods are engineered for uniform, high electrical conductivity, which means they maximise efficiency when transmitting power or signals, making them the preferred raw material for cable manufacturers across the power and telecom sectors.
- Winding wires feed every motor and transformer - the company also makes winding wires and strips, which are the principal inputs for electrical machines and electronic equipment; a dedicated plant for winding wire and fine copper wires began operations in October 2021, adding a layer of value-added processing on top of the rod business.
- Demand rides on electrification tailwinds - its customers are building out renewable power generation, upgrading transmission and distribution grids, investing in metro railways, and modernising railway infrastructure, all of which consume large quantities of copper conductors; the adoption of electric vehicles adds a further pull, since an EV needs substantially more copper rod than a conventional vehicle.
- A single-site operation with imported technology - the entire manufacturing operation runs from a 2-acre plot in IMT Bawal, Rewari, using highly sophisticated imported machinery and operating under ISO 9001:2015 and ISO 14001:2015 certifications with fully installed anti-pollution systems.
- Copper price is the ever-present risk - the business is exposed to the highly fluctuating price of copper, its principal raw material, which remains a serious concern for margins; the company values its inventory on a first-in-first-out basis at the lower of cost or net realisable value to manage that exposure.
Group structure and partners
RML is a standalone company with no subsidiaries or joint ventures, run by a six-member board and connected through common key personnel to a small circle of related enterprises.
- The company has no subsidiary, joint venture, or associate company - it operates entirely as a standalone entity.
- Related parties include Viraj Technology India Limited and HMS Metal Private Limited, enterprises where key managerial personnel or their relatives exercise significant influence; Viraj Technology was also a named customer receiving supply orders during FY22.
- The board comprises three executive directors - Managing Director Het Ram, Executive Director & CFO Manoj Kumar Jangir, and Executive Director Ashok Kalra - alongside three independent directors, with Yogender Kumar Sharma serving as Company Secretary and Compliance Officer.
- The company shares production, finance, and marketing experience with other group companies through daily business meetings held at all group locations, creating an informal knowledge-sharing network despite the standalone legal structure.