Credit rating agency, CARE has reaffirmed ‘A-’ rating to Precision Wires’ long term bank facilities worth Rs 40.66 crore and ‘A1’ rating to company’s Short term Bank Facilities worth Rs 316 crore. The company has received the said rating on the back of its established track record in manufacturing copper winding wires, favorable business risk profile with established and reputed clientele and strong distribution network.
Precision Wires India (PWIL) is the largest manufacturer of Enameled Copper Winding Wires in India. The company’s products include Round wire, Rectangular wire, Continuously Transposed Cables and Paper Insulated Copper Conductors.
