On 2nd April 2022, Rajratan Global Wire performed ground breaking ceremony at its coming facility near Chennai.
The land development and civil work is scheduled to commence before 15th April 2022.
The company plans to set up tyre bead wire manufacturing plant with an investment of Rs 300 crore in SIPCOT Industrial Park, Vallam Vadagal (Phase-II) in Kancheepuram district of Tamil Nadu.
The proposed plant will spread over 25 acre of land which has been allotted by State Industries Promotion Corpn. of Tamil Nadu (SIPCOT).