Ultracab (India) zooms on bagging order from MSEDCL
Ultracab (India) is currently trading at Rs. 16.54, up by 1.55 points or 10.34% from its previous closing of Rs. 14.99 on the BSE.
The scrip opened at Rs. 15.00 and has touched a high and low of Rs. 17.52 and Rs. 14.97 respectively. So far 1196677 shares were traded on the counter.
The BSE group 'X' stock of face value Rs. 2 has touched a 52 week high of Rs. 20.48 on 08-Feb-2024 and a 52 week low of Rs. 11.99 on 28-Mar-2024.
Last one week high and low of the scrip stood at Rs. 17.52 and Rs. 14.81 respectively. The current market cap of the company is Rs. 213.61 crore.
The promoters holding in the company stood at 27.90%, while Non-Institutions held 72.10% stake in the company.
Ultracab (India) has bagged order from Maharashtra State Electricity Distribution Company (MSEDCL) of around Rs 51.06 crore for Supply of LT XLPE Cables. Supply will be completed on or before June 2025.
MSEDCL provides electricity throughout the State of Maharashtra and in few suburbs of Mumbai city and is one of the largest power distribution Company of India in terms of number of consumers and electricity supplied whereby it serves more than 2.70 crore consumers. Ultracab have a very strong presence in product segment and have prestigious corporate buyers like TATA Group, Adani Group, Jindal Group, Vedanta group, Different departments of Indian Railways and other PSU companies like EIL, PGCIL, Railways, SAIL, BPCL, MRPL, NPCIL, BHEL and many more.
Ultracab (India) is exporting, manufacturing and supplying of cables, cable accessories, cable conductors, round flexible cable, round cable, 3core round flexible cable etc.
