Ultracab Shares Surge 8.9% After Securing Rs.10.23 Crore Orders from Multiple Clients

Summary:

 Ultracab (India) Limited has secured orders from Western Railway, Jain Irrigation Systems Ltd, Jindal Stainless Limited, Jindal Coke Limited, Jindal Ferrous Limited, and GK Energy Marketers Private Limited for the supply of LT XLPE/PVC cables. The total order value stands at Rs.10.23 crore.

Stock Performance:
  • The stock surged 8.9% intraday, reaching a high of Rs.11.98 following the announcement.
  • Market Cap: Rs.145.58 Cr.

Key Data Points:
  • Company: Ultracab (India) Limited
  • Order Value: Rs.10.23 crore
  • Clients:
  • Western Railway
  • Jain Irrigation Systems Ltd
  • Jindal Stainless Limited
  • Jindal Coke Limited
  • Jindal Ferrous Limited
  • GK Energy Marketers Private Limited
  • Product Supplied: LT XLPE/PVC Cables
About the Company:

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

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