RCI Industries & Technologies to enter Hi GROWTH Defence Sector

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01 May, 17 13:40
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Udaipur: BSE listed RCI Industries & Technologies Ltd engaged in the manufacture of Copper & Brass Handicrafts, Annealed & Bunched Copper Wire, Wires ropes and ingots used in electrical and industrial applications having its state of art, ultra modern manufacturing unit at Himachal Pradesh having latest machinery and equipments is planning major Expansion plans whereby it will replace existing old machinery and also will install new plant & machinery to enhance the capacity from 3000 MT to 24000 MT P.A. at a Capex of Rs. 50 cr.
RCI is planning Foray into Defence and the Mint with New high value products for supply to Defence and Mint segments and and also will focus on Value-Added Products whereby it will manufacture flatrolls which have better margins. The company plans to manufacture import substitute a unique tape (copper and stainlesssteel) at Baddi plant which will improve the turnover and profitability.
According to a recent survey, the global demand for copper is rising by 40% due to the increasing consumption in transportation, consumer goods, infrastructure, etc., whereby RCI Industries would be benefited to a great extent.
The company currently exports its products to Middle East and African Countries and is also planing to enter new International markets.
RCI Industries having ultra modern R&D lab and testing facilities has bluechip customers include Havell's India Ltd, Indo Asian Fusegears Ltd, etc.
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