RCI Industries & Technologies Limited Announces Default in Payment Obligations

RCI Industries & Technologies Limited is an India-based colossal manufacturing company. The Company has production plants in Baddi and Nalagarh, and warehousing facilities in Delhi, Maharashtra and Rajasthan. Its product range has round and flat rolled copper and copper alloys. The Company’s comprehensive range of products is used for variegated electrical and industrial applications in different industries, such as automobile, engineering, defense, construction, electronics, among others. Its copper includes copper wires, bunch wires and tin solder bars/wires/strips. Its strips include sheets, strips and foils of copper alloys like electrolytic tough pitch (ETP)/ deoxidized high phosphorus (DHP)/ tertiary butyl catechol (TBC); brass, phosphor bronze, nickel silver, nickel brass, cupro nickel and aluminum bronze; and stainless-steel foils and aluminum foils. Its manufactory in Baddi, Himachal Pradesh, India, spanning approximately 27,000 square meters.