Rashtriya Metal Industries Ltd.

What Rashtriya Metal Industries Ltd. does

Rashtriya Metal Industries Ltd. (RMIL) is an Indian non-ferrous metal manufacturer founded in 1946, with commercial operations commencing on 15 August 1947. The company specializes in specialty cold-rolled copper and copper alloy strips, foils, sheets, cups, and blanks produced through an integrated process chain including horizontal continuous casting, cold rolling (down to 0.03mm thickness), 100% hydrogen annealing, pickling, slitting, electroplating (65-meter line), and a dedicated cupping press shop for ammunition components. Its alloy range spans Cu-ETP, Cu-DHP, Cu-TBC, brass (CuZn40 to CuZn05), nickel silver, and cupro-nickel, with multiple temper grades and thicknesses from 0.030mm to 4mm.

RMIL operates a single integrated 18,000 MTPA manufacturing facility in Sarigam, Gujarat (commissioned 2010, full migration 2015), with its registered office in Andheri East, Mumbai. The company sells directly to industrial B2B customers across automotive (connectors, wiring harnesses, EV power-train components), electrical & switchgear, defence & ammunition (Indian Ordnance Factories since 1980, case cups since 1992), power cable, coinage (Indian government since 2002), locks & keys, horological, and decorative segments. Approximately 40% of revenue is generated from exports to UAE, USA, Thailand, Sri Lanka, Kenya, Indonesia, Oman, and Saudi Arabia, with claimed reach across 25+ countries. FY25 revenue was Rs 910 crore (~USD 108M) with Rs 60 crore EBITDA; FY26 is expected at Rs 1,100 crore. The company holds ISO 9001, IATF 16949, ISO 14001, ISO 45001, and ISO 50001 certifications, and serves 150+ customers globally. In March 2026, Gravita India Limited acquired a 98.95% equity stake for Rs 559.08 crore (EV ~Rs 800 crore), making RMIL a subsidiary of the publicly listed recycling major and providing access to its global copper recycling and distribution network.

Name

Rashtriya Metal Industries Ltd.

Legal name

Rashtriya Metal Industries Ltd.

Website

https://rashtriyametal.com

Company type

Private

Founded year

1947

Operating status

Operating

Headcount range

101–250 employees

Short description

Rashtriya Metal Industries Ltd. (RMIL) is an Indian manufacturer, founded 1947, of specialty cold-rolled copper and copper alloy strips, foils, sheets, and ammunition cups, serving automotive, electrical, defence, and coinage customers across 25+ countries from its integrated 18,000 MTPA Sarigam, Gujarat facility.

Ownership category

akta.pro rank

Headquarters

HQ city

Bombay

HQ country

India

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Infrastructure, Personnel, Marketing or Sales, Technology or R&D

Revenue model

1. Copper and Copper Alloy Products: Manufacture and sale of specialty cold rolled copper and copper alloy strips, foils, sheets, cups and blanks. Revenue is generated through direct B2B sales to industrial customers in domestic and export markets. The company generates approximately Rs 910 crore in turnover (FY25) with approximately 40% of revenue from exports.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

Rashtriya Metal Industries Ltd. (RMIL) manufactures specialty cold rolled copper and copper alloy strips, foils, sheets, cups and blanks at an integrated facility in Sarigam, Gujarat. The company produces ETP copper, DHP copper, tin-bearing copper, brass (CuZn40 to CuZn05), nickel silver, cupro-nickel, and electroplated brass products, alongside cartridge case cups and bullet jacket cups for small arms ammunition. Output is supplied to industrial customers across automotive, electrical & switchgear, defence, coinage, power cable, locks, horological, and decorative applications in India and 25+ export markets.

Product overview

Rashtriya Metal Industries Ltd. (RMIL) is a manufacturer of specialty cold rolled strips in copper and copper alloys. The company offers a diversified product portfolio comprising Copper Strips/Foils/Sheets (Cu-ETP, Cu-DHP, Cu-TBC), Brass Strips/Foils/Sheets (multiple alloy compositions), Nickel-Based Alloys (Nickel Silver, Ni-Brass, Cu-Nickel), Electroplated Brass products, and Case Cups/Bullet Jacket Cups for defense applications. The products serve automotive, electrical & switchgear, electronics, communications, defense, ammunition, coinage, locks & keys, and architectural industries globally.

Differentiator

Problem solved

Functional benefit

Products and services

• Copper Strips, Foils & Sheets Cold rolled copper and copper alloy strips, foils and sheets in grades Cu-ETP (Electrolytic Tough Pitch Copper), Cu-DHP (Deoxidized High Residual Phosphorus Copper), and Cu-TBC (Tin Bearing Copper). Thickness range 0.030mm to 3.00mm. Used as base material by industrial manufacturers of electrical components, connectors, power cables, and electronic parts.
• Brass Strips, Foils & Sheets Cold rolled brass strips, foils and sheets in compositions including CuZn40, CuZn37, CuZn36, CuZn35, CuZn33, CuZn30, CuZn15, CuZn10, and CuZn05, offered in soft, half-hard, hard, and spring-hard tempers. Supplied to automotive, electrical, plumbing, locks and keys, horological, decorative, and ammunition sectors.
• Nickel-Based Alloys Nickel-based alloy strips and sheets including Nickel Silver (NS-10), Ni-Brass (NS-12), and Copper-Nickel (NS-15) with corrosion resistance and high-temperature strength. Used in coin blanks, electrical components, and industrial applications requiring tarnish and wear resistance.
• Electroplated Brass Brass strip with in-house applied coatings of tin matte, tin bright, copper, or nickel (with reflow capability). Plating thickness range 0.3 to 7 micrometres on material width 6-100mm and thickness 0.1-2mm. Supplied to connector and electrical component manufacturers.
• Case Cups and Bullet Jacket Cups Cartridge case cups and bullet jacket cups for small arms ammunition in calibres including 9mm, 10mm, 5.56mm, 7.62mm, 12.7mm (0.5 cal) and custom calibres, produced via double-action blanking and cupping operations. Supplied to Indian Ordnance Factories and global defence ammunition manufacturers.
• High-Performance Alloys High-performance copper alloys designed for demanding electrical applications, with tailored combinations of formability, mechanical strength, and electrical conductivity for specialised connector and switchgear uses.

Quantifiable outcome

• Revenue nearly doubled from Rs 500 crore (FY21) to Rs 1,100 crore expected (FY26)
• +3 more outcomes

Named customers3 records

Segments8 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Scale indicators6 records

Recent moves5 records

Expansion highlights5 records

Broad incumbents

• Aurubis AG: Aurubis is Europe's largest integrated copper producer spanning smelting, refining, and rolling of strip products. Comparable to RMIL via its rolled products segment, though it operates on a much larger vertically integrated scale.
• Jiangxi Copper Corporation: Jiangxi Copper is China's largest integrated copper producer spanning mining, smelting, and fabricated products including strips. Comparable to RMIL via its rolled copper strip portfolio, though at a much larger vertical scale.

Regional players

• Hindustan Copper Limited: Hindustan Copper is India's government-owned integrated copper miner and producer of copper cathodes and wire rods. A regional peer sharing the Indian market, though operating at a different point in the value chain (more upstream) than RMIL.

Direct peers

• Poongsan Corporation: Poongsan is Korea's leading manufacturer of copper and copper alloy rolled products, including ammunition components. Directly comparable to RMIL given its overlapping portfolio of copper/brass strips and ordnance-related copper components.
• KME Group: KME is a European leader in copper and copper alloy semi-finished products including strips, sheets, tubes, and rods. Directly comparable to RMIL in the segment of rolled copper/brass products for industrial applications.
• Diehl Metall: Diehl Metall is a German manufacturer of semi-finished copper and brass products including strips, foils, and rods. Directly comparable to RMIL's cold rolled copper and brass strip business for electrical and industrial customers.
• Wieland Group: Wieland is the world's leading manufacturer of semi-finished copper and copper alloy products (strips, sheets, rods, sections). Directly comparable to RMIL's core business of cold rolled copper and brass strips and foils serving automotive, electrical, and industrial customers globally.
• Mitsubishi Shindoh: Mitsubishi Shindoh (a Mitsubishi Materials subsidiary) is a major Japanese manufacturer of copper and copper alloy strips and tubes. Directly comparable to RMIL's core rolled copper/brass strip business for electrical, automotive, and industrial uses.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

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Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Rashtriya Metal Industries Ltd.