Rajratan Global Wire receives new IPA tranche from Madhya Pradesh government

Rajratan Global Wire Limited (RGWL) announced the receipt of an Investment Promotion Assistance (IPA) payment. The company confirmed it has received Rs. 3.27 Crore, representing the next tranche of the IPA from the MP Industrial Development Corporation Limited, a government of Madhya Pradesh undertaking.

The total sanctioned IPA to Rajratan Global Wire Limited amounts to Rs. 22.92 Crores under the Madhya Pradesh Nivesh Protsahayan Yojana, 2014. This assistance is spread over an eligibility period of seven years, with a yearly sanctioned amount of Rs. 3.27 Crores.

This announcement was disseminated to both the BSE Limited and the National Stock Exchange of India Limited by Shubham Jain, company secretary and compliance officer of Rajratan Global Wire Limited.