New Delhi: Kataria Industries has announced its acquisition of Ratlam Wires’ wire manufacturing business for ₹30.6 crore, executed through a slump sale. The deal is a strategic move aimed at expanding Kataria’s foothold in the steel wire industry, particularly in sectors requiring specialized products like spring steel wires, PC strand wires, and both galvanized and ungalvanized wires. This acquisition bolsters Kataria’s production capacity, aligning with the company’s plans to cater to the increasing demand for steel wires in infrastructure and construction sectors.
Kataria Industries’ Managing Director stated, “This acquisition aligns with our vision to strengthen our product portfolio and enhance our capacity to serve the growing demands of steel wires across multiple industries.”
The purchase provides Kataria Industries access to Ratlam Wires’ state-of-the-art manufacturing facilities, positioning the company for further growth. The deal reflects a broader trend of consolidation in India’s steel sector as companies focus on boosting efficiencies and expanding market share.
This acquisition is expected to drive competitive pricing and innovative product offerings, making Kataria a stronger player in the Indian steel wire market
