Precision Wires India Share Price

Precision Wires India Limited incorporated in Nov 1989 and promoted by Mr. Mahendra Mehta, the Company manufactures Winding Wires of Enamelled Copper. Presently, it 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.The Company set up a plant to manufacture enamelled copper winding wires, which was funded by way of a public issue in Mar.92. Commercial production commenced in Dec.92. Enamelled copper winding wires are used in transformers and motors in a number of electrical devices like fans, television sets, audio equipment, refrigeration and airconditioners, machine tools, irrigation, industrial pumps, etc. The wires are produced to specifications conforming to ISS, BSS, DIN, NEMA and JIS.In 19992000, Company amalgamated with Atlas Wires and accordingly the Scheme was approved effective from 1st April 2000. The first phase of modernisation cum expansion project inititated at PWIL in late 1999 was implemented within projected cost. Silvassa Unit commenced its first phase of modernisation. As a result of Expansion Modernisation Diversification at Silvassa Units new units (Unit III) was set up.During the 200405, the Company has increased its installed capacity of Enamelled Round Copper Winding Wires Rectangular Strips Covered /noncovered by 700 MT. With this expansion the total installed capacity of Enamelled Round Copper Winding Wires Rectangular Strips Covered /nonconvered has increased upto 15950 MT.The Company completed diversification, modernization capacity expansion at Silvassa Units which was operational in 200607. All all indigenous and some imported equipments were commissioned for Unit 5 Expansion, and accordingly, the production commenced after completion of civil works in 201819.