Ultracab India Gains 3.2% on Rs.9.7 Cr Order from Adani Electricity.

 Summary:

Ultracab India Limited has secured a significant Rate Contract from Adani Electricity Mumbai Limited for the supply of LT PVC Cables. This contract further strengthens Ultracab’s position in the power and infrastructure sector.

Stock Performance:

  • Following the announcement, Ultracab India’s stock rose 3.2% to an intraday high of Rs.11.35.
  • Market Cap: Rs. 138.57 Cr.

Key Highlights:

  • Company: Ultracab India Limited
  • Order Value: Rs.9,70,42,144 (Rs.9.7 Cr approx.)
  • Client: Adani Electricity Mumbai Limited
  • Product Supplied: LT PVC Cables
About the Company:

Incorporated in 2007, Ultracab India Ltd manufactures and exports electric wires and cables.

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