### **Overview** Ram Ratna Wires Limited (RRWL), founded in 1992, is a leading Indian manufacturer of **super enameled copper winding wires** under the flagship brand **RR Shramik**. It is a core entity of the **RR Global conglomerate**, a major player in India’s electrical and copper industries with diversified interests including RR Kabel, RR Parkon, and RR Busduct. RRWL has evolved from a specialized winding wire manufacturer into a **vertically integrated, diversified electrical solutions platform**, expanding into copper tubes, BLDC motors, HVLS fans, wind turbine fabrication, and value-added winding products through strategic joint ventures, acquisitions, and in-house capacity expansion. --- ### **Core Business & Product Portfolio** #### **1. Windings & Insulated Wires (Dominant Segment)** - **Flagship Products:** Enamelled Copper Wire (ECW), Enamelled Aluminium Wire (EAW), Enamelled Copper Strips (ECS), Submersible Winding Wires (SWW), Paper-Insulated Strips (PCS), Litz wire, braided wire, self-bonding wire, and bondable wire. - **Market Leadership:** - India’s **only manufacturer** offering the widest range of wire diameters: **0.016 mm to 5.000 mm**. - **Second-largest winding wire manufacturer in South Asia by volume**. - 70–75% of sales to **large OEMs**, including Schneider, Siemens, L&T, Havells, CG Power, and Pricol. - **Specialty Growth Segments:** - **Bondable wire (101% YoY growth in FY24).** - **MCB Coils (190% YoY growth)** due to demand in modern electrical infrastructure. - **Litz & braided wires (64% YoY growth)** for high-frequency and EV applications. #### **2. Copper Tubes & Pipes (Strategic Expansion)** - Formerly produced by **Global Copper Pvt. Ltd. (GCPL)**, now **fully merged** into RRWL (effective April 1, 2024). - **Current Capacity:** 7,200 MTPA (existing), with **planned expansion to 36,000 MTPA by FY26** — 24,000 MTPA at Bhiwadi and 12,000 MTPA through GCPL. - **Applications:** HVAC&R (air conditioners, refrigeration), solar water heating, plumbing, medical gas pipeline systems (MGPS), BLDC motors, electric two-wheelers. - **Technology Edge:** - **India’s only producer** of **Level Wound Coils (LWC)** using advanced **Cast & Roll technology**. - Fully integrated, automated facility with **100% online Eddy Current Testing** for quality assurance. - Supports **"Make in India"** by **substituting 70% of imported copper tubes**. - **Clients:** Daikin, LG, Panasonic, Johnson Controls Hitachi. --- ### **Diversification & Strategic Ventures** #### **1. Epavo Electricals Pvt. Ltd. (50:50 JV with Epack Durable Ltd.)** - Established in 2020 to manufacture **energy-efficient BLDC/PMSM motors** and **HVLS fans**. - **Products:** - BLDC Motors (15W–45W) for ceiling fans, ACs, EVs (hub motors), generators. - HVLS Fans for industrial, commercial, and transportation infrastructure. - **Growth Drivers:** - PLI Scheme (White Goods) enrollment aligns with **Aatmanirbhar Bharat** objectives. - Reducing India’s dependence on imported motor components (>85% currently imported). - **Commercial Production:** Started in 2022, initial capacity of 1,500 motors/month; **planned up to 10,000/month**. - **Validated by:** Voltas Ltd., one of India’s largest AC OEMs. #### **2. Tefabo Product Pvt. Ltd. (64% Stake Acquired in 2024)** - Specializes in **fabricated components** for renewable and industrial sectors. - **Key Products:** - Tower internals for **wind turbines** (30–40% market share in segment). - Industrial tanks, machine parts, structural & precision fabrication. - **Manufacturing:** - Existing facility in **Bengaluru (40 towers/month)**. - **New facility in Vadodara** expected to add **30–40 towers/month by FY26**. - Total capacity: **70–80 towers/month by FY26**. - **Clients:** Siemens, GRI, and major Indian wind OEMs. - Strategic alignment with India’s **30 GW wind energy target by 2030**. --- ### **Manufacturing & Capacity** #### **Key Facilities:** 1. **Dadra & Nagar Haveli / Daman & Diu:** - Core winding wires production. - Installed capacity: **41,400 MTPA** (copper & aluminium wires/strips). - Utilization: 85–90%. 2. **Bhiwadi, Rajasthan (New Expansion):** - **Investment:** ₹700 crores over 3 years. - **24,000 MTPA copper tube plant **(commissioned Q1 FY25-26). - Proximity to northern markets and export gateways. - Focused on high-margin products: fine enameled wires, Litz wires, MCB coils, copper braids. #### **Technology & Quality:** - **Cast & Roll** process enhances efficiency and product consistency. - Full automation, Industry 4.0 integration, PLC/ERP systems. - Certifications: **IATF 16949:2016**, compliance with IS, IEC, NEMA, ASTM standards. --- ### **Market Position & Financial Performance** #### **Demand Trends & Outlook (FY2026):** - **Q3 FY26 expected to see strong demand** due to: - Seasonal surge in AC manufacturing. - Commissioning of new Bhiwadi plant. - Government push via **anti-subsidy duties** and **PLI schemes**. - **Export Opportunities:** North America (Schneider), ASEAN (CV Beka, Indonesia), MENA, Europe. #### **Financial Highlights:** - **Revenue CAGR (FY20–FY24):** **20%**. - **Profit After Tax (PAT) CAGR (FY20–FY24):** **37%**. - **ROCE (Recent):** **21.5%** – indicating strong capital efficiency. - **Revenue (FY24):** ₹2,983 crore. - **Foreign Exchange Earnings (FY24):** ₹2,170 crore (up from ₹1,354 crore in FY23). --- ### **Strategic Vision & Growth Drivers** RRWL is transitioning from a commodity wire producer to a **technology-driven, integrated electrical solutions provider**, focusing on: 1. **Import Substitution:** Especially in copper tubes (70% currently imported). 2. **Energy Efficiency:** Through BLDC motors and HVLS fans. 3. **Sustainability & Renewables:** Wind energy fabrication via Tefabo. 4. **Electrification of Mobility:** EV components (hub motors, charging systems). 5. **Global Expansion:** Export growth in Asia, Middle East, US, and Europe. --- ### **Leadership & Governance** - **Promoter Family:** Founded by **Rameshwarlal Kabra** (50+ years in industry). - **Second-Gen:** **Mahendra Kabra** leads operations. - **Third-Gen:** **Hemant Kabra** involved, ensuring leadership continuity. - Multi-generational stewardship strengthens long-term vision. ---