Precision Wires India Limited has informed the Exchange regarding 'Intimation regarding receipt of BIS Certification for manufacture of Copper Wire Rods in accordance with IS 12444.'.
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Precision Wires India has received BIS (Bureau of Indian Standards) certification to manufacture Copper Wire Rods conforming to IS 12444 standard at its Valvada, Valsad (Gujarat) plant. The company is still awaiting the formal BIS certificate copy. Commercial production and dispatch of the new copper wire rods is expected to begin shortly, before the end of the current financial year. Importantly, these copper wire rods will be used for captive consumption within the company, meaning they will feed into the company's own production rather than being sold externally. No financial details or revenue impact figures were disclosed in the filing.
This is a modest positive development for shareholders, as BIS certification enables the company to produce copper wire rods in-house, which should reduce dependence on external suppliers and support supply chain integration. The captive use nature means limited direct revenue upside, but it may help improve margins and operational efficiency over time.