Ratnaveer gets ECMS approval for ₹338 Cr Copper Clad Laminates project
Ratnaveer Precision Engineering Limited received ECMS approval for its Copper Clad Laminates project. The company plans to invest ₹338 Crore over three years, establishing a manufacturing facility in Vadodara, Gujarat. Commercial operations are anticipated by November 2026, aiming for import substitution in electronics.
The investment of ₹338 Crore in a new manufacturing facility represents a substantial expansion and diversification for the company, with potential to significantly impact its future revenue and market position, as well as contributing to national self-reliance in electronics.
The company has received approval for a significant investment in a new manufacturing project, which is a positive development for its growth and contribution to national manufacturing goals.
Ratnaveer Precision Engineering Limited has received approval under the Electronics Component Manufacturing Scheme (ECMS) for its Copper Clad Laminates (CCL) Project. The company will invest approximately ₹338 Crore over the next three years to establish one of India’s first fully integrated Copper Clad Laminates manufacturing facilities in Vadodara, Gujarat. Commercial operations are expected to commence by November 2026. This initiative aligns with the national vision of import substitution and positioning India as a global manufacturing hub for electronics. Mr. Vijay Sanghavi, Managing Director, stated that this marks a significant step in advanced electronic materials manufacturing and contributes to India’s self-reliance in critical electronic components.
The project is supported by policy frameworks from both Central and State Governments, including the ECMS by the Ministry of Electronics & IT and the Gujarat Electronics Policy (2022–2028). Ratnaveer Precision Engineering Limited, known for its stainless steel products, is strategically diversifying into the Copper Clad Laminates sector.
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