Skip to content
Thursday, July 3
  • Business
  • Entertainment
  • National
  • Lifestyle
  • Education
  • Sports
  • Press Release
The Prime Media

The Prime Media

Just another WordPress site

The Prime Media

The Prime Media

Just another WordPress site

  • Business
  • Entertainment
  • National
  • Lifestyle
  • Education
  • Sports
  • Press Release
  • Business
  • Entertainment
  • National
  • Lifestyle
  • Education
  • Sports
  • Press Release
Trending Now
  • DEV IT Secures Major ₹4.4 Cr IT Deal with Alivus Lifesciences
  • DEV IT Secures Major ₹4.4 Cr IT Deal with Alivus Lifesciences
  • Active Clothing Co. Enters in Agreement with Ningbo Cixing Co. to Launch India’s First Futuristic Smart Knitting Factory
  • Inviting Esteemed Advisory Board Members for the Prestigious Dadasaheb Phalke International Film Festival
  • Stone Wood Hotels & Resorts Unveils Enticing Monsoon Packages Across India
  • Stone Wood Hotels & Resorts Unveils Enticing Monsoon Packages Across India
  • DEV IT Secures Major ₹4.4 Cr IT Deal with Alivus Lifesciences
  • DEV IT Secures Major ₹4.4 Cr IT Deal with Alivus Lifesciences
  • Active Clothing Co. Enters in Agreement with Ningbo Cixing Co. to Launch India’s First Futuristic Smart Knitting Factory
  • Inviting Esteemed Advisory Board Members for the Prestigious Dadasaheb Phalke International Film Festival
  • Stone Wood Hotels & Resorts Unveils Enticing Monsoon Packages Across India
  • Stone Wood Hotels & Resorts Unveils Enticing Monsoon Packages Across India
Home>>Press Release>>Kataria Industries Limited acquired Wire Manufacturing Division of Ratlam Wires for Rs 30.6 cr
Press Release

Kataria Industries Limited acquired Wire Manufacturing Division of Ratlam Wires for Rs 30.6 cr

October 25, 2024

Ratlam (Madhya Pradesh) [India] October 24: Kataria Industries Limited is pleased to announce the acquisition of the Wire Division of Ratlam Wires Pvt. Ltd. on a slump sale, going concern basis. This strategic acquisition is aligned with Kataria’s growth objectives, enabling the company to enhance its product portfolio and expand its presence in the steel wire industry.

The acquisition of the Wire Division of Ratlam Wires Pvt.Ltd. strengthens Kataria Industries’ position in the steel wiresector. Ratlam Wires manufactures a wide range of steel wireproducts, including Spring Steel Wires, PC Strand Wires and Galvanized and Ungalvanized Wires. Kataria Industries Limited will acquire the Wire Division for a total consideration of Rs 30.6 crore, compared to the Net Asset Value (Net Worth) of Rs 30.27 crore, as per the unaudited financials dated October 21, 2024.

Mr. Arun Kataria, MD, Kataria Industries Limited said, “We are excited about the acquisition of Ratlam Wires’ Wire Division, which is expected to enhance our Turnover and margins through the combined synergies of both businesses. This move is perfectly aligned with our long-term growth strategy and will enable us to better serve a wider range of industries.”

The synergy between the two companies will enable Kataria to cater to a broader spectrum of industries, includingAutomobile Industry and Railways. The Turnover of the Wire Division of Ratlam Wires during 01.04.24 to 21.10.24 was Rs 89.384 crore, Rs 151.987 crore in FY 2023-24 and Rs 136.418 crore in FY 2022-23. The acquisition is expected to generate an EBITDA margin of approximately 3.5% to 4.5%, enhancing both the topline and bottomline of Kataria Industries Limited.

If you have any objection to this press release content, kindly contact pr.error.rectification@gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.

Related tags : PNN

Previous Post

Delhi’s Preetika Pahwa Crowned MissAseatic India 2024

Next Post

ViralPe Presents 15th Indian Memory Championship and Squadron Leader Jayasimha Memory Awards 2024

Related Articles

Press Release

Sunlite Recycling Industries IPO To Open On 12th August, Sets Price Band at Rs 100 to Rs 105 Per Share

Press Release

The Healing Center Homeopathy: Leading the Way in Evidence-Based Homeopathy Across India

Press Release

Indian origin dancer and choreographer Tanishq Joshi becomes the first Indian talent to be signed by MSA Agency

Press Release

Be10x: Empowering Professionals to Lead in an AI World

Press Release

GenWorks Revolutionizing Women’s Wellness As the Real Freedom

Recent Posts

  • Inviting Esteemed Advisory Board Members for the Prestigious Dadasaheb Phalke International Film Festival
  • Stone Wood Hotels & Resorts Unveils Enticing Monsoon Packages Across India
  • Stone Wood Hotels & Resorts Unveils Enticing Monsoon Packages Across India
  • DEV IT Secures Major ₹4.4 Cr IT Deal with Alivus Lifesciences
  • DEV IT Secures Major ₹4.4 Cr IT Deal with Alivus Lifesciences

Recent Comments

    © 2025 The Prime Media | WordPress Theme Ultra News
    • Business
    • Entertainment
    • National
    • Lifestyle
    • Education
    • Sports
    • Press Release