Mumbai, June 19 -- The agency has assigned '[ICRA] A1' rating to the short-term bank facilities of the company.

ICRA stated that the assigned ratings factor in Rajratan Global Wire Limited's (RGWL) established market position in the tyre bead wire (TBW) segment, supported by its strong relationships with leading domestic and global tyre manufacturers, high entry barriers in the business and a demonstrated ability to scale volumes across geographies.

The company continues to be a market leader in India with a 42-43% market share, while its Thailand subsidiary has a significant regional presence as the country's sole TBW manufacturing unit, along with high utilisation and acceptance among global original equipment manufacturers (OEMs).

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