Ultracab (India) Ltd has procured an annual rate contract valued at approximately Rs 7.17 Crore from Maharashtra State Electricity Transmission Company Limited (MSETCL). This contract involves supplying 1.1 KV PVC FRLS Control Cables to different EHV PCC O&M Zones within MSETCL’s network. MSETCL, which is tasked with transmitting electricity throughout Maharashtra, manages a vast grid with 51,518 Circuit KM of transmission lines and 742 EHV Substations.
This is a domestic order, and Ultracab is obliged by contract to fulfill the supply by or before October 2025. This notable accomplishment highlights Ultracab’s stature as a prominent manufacturer and exporter of electric wires and cables in India, a reputation built on over 26 years of industry experience, and a dedication to utilizing the latest technology and advanced manufacturing methods to produce high-quality products.
Ultracab stands as India’s leading manufacturer and exporter of electric wires and cables, achieving significant growth since its inception. The company has been operating in this sector for over 24 years, employing cutting-edge technology and sophisticated machinery to manufacture technically superior products. Ultracab maintains a strong market presence and serves esteemed corporate clients like the TATA Group, Adani Group, Jindal Group, Vedanta Group, Indian Railways, and other public sector undertakings (PSUs) such as EIL, PGCIL, Railways, SAIL, BPCL, MRPL, NPCIL, BHEL, among many others.
Ultracab (India) Limited has a market capitalization exceeding Rs 150 crore. According to the September 2024 shareholding pattern, the promoters hold a 27.89 percent stake, while the remaining 72.11 percent is owned by the general public. The stock has risen by 37.6 percent from its 52-week low of Rs 12.32 per share.
Disclaimer: This article is provided for informational purposes only and should not be considered investment advice.
