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Rasi Electrodes has informed the exchanges that it has successfully diversified into development of wire drawing business for various industrial applications. Further, the company has completed supply of the first trial order for 20 tonnes of wire drawn in its plant and successfully completed the requisite trials and tests carried out by clients in their shopfloors. Besides, the company has also taken up the plan to expand its wire drawing facilities and decided to import a dedicated plant from Henan Xigong Mechanical & Electronical Equipment Company Ltd, Zhengzhou, China. Shares of Rasi Electrodes edged up 2.7 per cent at ₹13.80 on the BSE.
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