Precision Wires India has commenced trial production of copper cathodes at its copper refining and recycling plant located at Zaroli, Gujarat. According to reports from Business Standard, the company informed that trials of some important equipment are still underway at the facility. The commercial production is expected to start shortly in Q3 FY 2026-27, subject to receipt of all final regulatory approvals, sanctions and permissions.
As reported by Business Standard, Precision Wires India is engaged in the manufacturing of enamelled round and rectangular copper winding wires, continuously transposed conductors (CTC) and paper/mica/nomex insulated copper conductors (PICC). These products are primarily used in the electrical and electronics industries. The company's expansion into copper cathode production represents a strategic diversification of its product portfolio.
According to Business Standard, the company reported strong financial results in Q1 FY27, with net profit rising 71.47% to ₹46.45 crore on a 60.40% increase in revenue to ₹1,770.48 crore compared with Q1 FY26. This significant growth demonstrates the company's operational strength and market position in the electrical and electronics sector.
As reported by Business Standard, the company's stock price rose 0.75% to currently trade at ₹443.50 on the BSE following the announcement. The positive market reaction reflects investor confidence in the company's expansion plans and strong financial performance in the recent quarter.
