Precision Wires India Ltd Share Price Non Ferrous Metals
₹ 457.05 +14.45 (3.26%)

Incorporated in the year 1989 and Promoted by Atlas Wires, Precision Wires India manufactures Winding Wires of Enamelled Copper. The Company remains as a market Leader The Company set up a plant to manufacture enamelled copper winding wires, which was funded by way of a public issue in Mar.'92.Commerical 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 air-conditioners, machine tools, irrigation, industrial pumps, etc. The wires are produced to specifications conforming to ISS, BSS, DIN, NEMA and JIS. In 1999-2000, the directors of the company have decided to amalgamate Atlas Wires with the company. The amalgamation was approved with effect from 1st April 2000. The first phase of modernisation cum expansion project inititated at PWIL in late 1999 has been implemented within projected cost. Silvassa Unit commenced its first phase of modernisation programme. As a result of Expansion & Modernisation & Diversification at Silvassa Units new units (Unit III) is being set up. During the 2004-05, the Company has increased its installed capacity of Enamelled Round Copper Winding Wires & Rectangular Strips - Covered /non-convered by 700 MT. With this expansion the total installed capacity of Enamelled Round Copper Winding Wires & Rectangular Strips- Covered /non-convered has increased upto 15950 MT.