- Business
- D.P. Wires Limited manufactures and supplies steel wires, plastic pipes, plastic films and geomembrane sheets for applications in industries including oil and gas, power, environment, civil engineering, energy, automobile and infrastructure; its core products encompass low relaxation prestressed concrete (LRPC) strands, induction-tempered wire, spring steel wire, stranded wires, ungalvanized wires and plastic film sheets. The company operates through four segments: Wire Division, which produces steel wires; Plastic Division, focused on plastic film sheets; Wind Mill Division, generating electric energy via windmills in Jodhpur and Okhamadi villages in Gujarat; and Trading Division, dealing in steel wire rods, galvanized iron wire and plastic granules. Founded in 1971 and headquartered at 16-18A, Industrial Estate, Ratlam, Madhya Pradesh, India, D.P. Wires Limited maintains manufacturing facilities in Ratlam with an annual steel wire production capacity of 50,000 metric tons, which it plans to expand to 70,000 metric tons, and serves domestic markets while foraying into exports to Bangladesh, the USA and Europe. Recent developments include migration from the NSE SME platform to the mainboard on January 17, 2020; capacity expansions to 84,000 metric tons in the Wire Division and 10,000 metric tons in the Plastic Division; entry into public markets in fiscal 2018; and surpassing gross turnover of Rs 100 crore, alongside commencement of LRPC strand production and wind farm operations in Jamnagar. The company targets prestressed concrete, automotive, infrastructure, railways and nuclear project sectors, employing 53 people and reporting trailing twelve-month revenue of INR 5.64 billion.