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2025-10-14 12:50:37 pm | Source: Accord Fintech
JD Cables gains on entering into Agreement for Sale with Star Battery
JD Cables gains on entering into Agreement for Sale with Star Battery

JD Cables is currently trading at Rs 154.50, up by 1.70 points or 1.11% from its previous closing of Rs 152.80 on the BSE.

The scrip opened at Rs 155.00 and has touched a high and low of Rs 157.90 and Rs 153.75 respectively. So far 114400 shares were traded on the counter.

The BSE group 'M' stock of face value Rs 10 has touched a 52-week high of Rs 160.50 on 26-Sep-2025 and a 52-week low of Rs 132.75 on 01-Oct-2025.

Last one week high and low of the scrip stood at Rs 157.90 and Rs 136.00 respectively. The current market cap of the company is Rs 347.40 crore.

The promoters holding in the company stood at 70.00%, while Institutions and Non-Institutions held 13.60% and 16.40% respectively.

JD Cables has entered into an Agreement for Sale (without possession) on October 13, 2025, with Star Battery for the purchase of land and building admeasuring approximately 164.29 Cottah (equivalent to about 1,18,288 Sq. Ft.), situated at Mouza - Dankunibill, J.L. No. 83, District-Hooghly, P.S. - Dankuni, Block - Chanditala -II, for a total consideration of Rs 10.45 crore.

The said property is equipped with existing sheds and building structures, making it suitable for immediate industrial utilization. The acquisition is a strategic step toward expanding the company’s manufacturing infrastructure and scaling up its production capacity to meet the growing market demand for its range of cables and conductors. As per the terms of the Agreement, the Conveyance Deed shall be executed within two months from the date of the Agreement for sale, upon payment of the entire sale consideration. 

In conjunction with the expansion, the Company has also placed orders for advanced machinery worth Rs 5.72 crore for its Conductor Division, which will be installed at the newly acquired facility. This investment will enhance operational efficiency, product quality, and overall output, strengthening JD Cables’ ability to serve its customers with superior-quality products. These initiatives are in line with the company’s long-term growth vision to enhance capacity, modernize manufacturing operations, and drive sustainable revenue growth through continuous innovation and expansion. 

JD Cables is engaged in the business of manufacturing of Wires, Cables and Conductors.

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