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Rajratan Global Wire > Company History > Auto Ancillaries > Company History of Rajratan Global Wire - BSE: 517522, NSE: N.A
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Rajratan Global Wire

BSE: 517522|ISIN: INE451D01011|SECTOR: Auto Ancillaries
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Rajratan Global Wire is not listed on NSE
Company History - Rajratan Global Wire
The Company was incorporated on September 9, 1988 with 400/o NRI
 investment to put up a steel wire drawing unit in the centrally
 declared backward area of Pithampur (Dist. Dhar), near Indore.  The
 project was conceived in late 1989 and the Land at Pithampur was
 acquired from Madhya Pradesh Audyogik Kendra Vikas Nigam in April
 1990 only.  The Plant & machinery to manufacture High Carbon (H.C.)
 wires was acquired by January 1991 and the commercial production
 commenced in March 1991.  
 
 On seeing the demand for high carbon Prestressed Concrete (PC) wires,
 the promoters decided to put up a unit to manufacture different types
 of PC wires and strands.The
 total cost of the PC Wire Project was Rs.  178 lacs which was
 financed by M.P.A.V.N. and M.P.F.C. There have been no labour
 disputes/litigations/defaults etc. in the company
 since its incorporation.  
 
 The Company has been able to establish its presence in the highly
 competitive steel wire market in the last 3 years.
 
 PAST FINANCIAL PERFORMANCE
 
 The financial performance of the Company in the past 4 years is as
 under
 
 2004
 -Rajratan Gustav recommends 18% dividend
 
 2005
 -Rajratan Gustav recommends 18% dividend
 
 2006
 -Rajratan Gustav has recommended a Dividend of 15%
 
 2007
 -Rajratan Global Wire Ltd has designated E-mail ID for registering
 investor complaint is investor-cell@rgwl.co.in
 
 2008
 -Rajratan Global Wire Ltd has informed that Madhya Pradesh Stock
 Exchange Ltd (MPSE) has approved delisting of shares of the Company
 vide their letter dated May 28, 2008.
 -Rajratan Global has recommended a Dividend of 10%
 
 2009
 -Rajratan Global has recommended a Dividend of 10%
 
 2010
 -Rajratan Global has recommended a Dividend of 15%
 
 2011
 -Rajratan Global has recommended a Dividend of 15%
 
 2012
 -Rajratan Global has recommended a Dividend of 12%
 
 2013
 - The Company has recommended a Dividend of Rs. 1.00 per share (10%)
 on the equity shares.
 
 2014
 - The company has recommended a Dividend of Rs. 1.00 per share (10%)
 on the equity shares.
 
Source : Dion Global Solutions Limited
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