SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Precision Wires India gets nod for capacity enhancement at Silvassa unit

13 Jun 2022 Evaluate

Precision Wires India has received approval for additional capacity enhancement/modernization capital expenditure of Rs 25 crore which will result in further capacity enhancement of about 3000 MT/year at Silvassa unit. The board of director at their meeting held on June 11 has approved the same.

Earlier, the company had started taking effective steps for implementation of capacity expansion and modernization. Consequently increase in effective capacity of certain type of winding wire will be approximately 5000MT/annum at Silvassa unit at the total cost of Rs 40 crore.

As a result of the above the total proposed capacity enhancement of Winding Wires will be above 5000 MT/year plus 3000 MT/year about approximately 8000 MT/year at a projected cost of approximately of Rs 65 crore.

Precision Wires India is engaged in manufacturing of Enamelled Round and Rectangular Copper Winding Wires, Continuously Transposed Conductor (CTC) and Paper/Mica/Nomex Insulated Copper Conductor (PICC) which are used by the electrical/electronics industries.

Precision Wire India Share Price

377.20 10.10 (2.75%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Polycab India 8184.95
KEI Industries 4841.10
RR Kabel Ltd. 1475.45
Finolex Cables 943.60
Precision Wire India 377.20
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×