India: Precision Wires sanctions INR 70 crore to boost copper production capacity

Precision Wires India’s board has sanctioned INR 70 crore to boost the company’s copper production capacity. It approved INR 33 crore for copper rod capacity expansion — INR 28 crore at Zaroli and INR 5 crore at Valvada — and cleared a INR 37 crore expansion and modernisation project at Silvassa, to be implemented in 2026, adding 4,400 tpa by Q4FY’27. Subsequently, the company’s installed capacity will rise to approximately 65,400 t annually.