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

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.