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Galada Power & Telecommunication Ltd.

BSE: 504697 Sector: Metals & Mining
NSE: GALPOWTEL ISIN Code: INE255C01018
BSE LIVE 11:03 | 18 Oct 7.73 -0.40
(-4.92%)
OPEN

7.73

HIGH

7.73

LOW

7.73

NSE 05:30 | 01 Jan Stock Is Not Traded.
OPEN 7.73
PREVIOUS CLOSE 8.13
VOLUME 100
52-Week high 12.97
52-Week low 6.55
P/E
Mkt Cap.(Rs cr) 6
Buy Price 0.00
Buy Qty 0.00
Sell Price 7.73
Sell Qty 200.00
OPEN 7.73
CLOSE 8.13
VOLUME 100
52-Week high 12.97
52-Week low 6.55
P/E
Mkt Cap.(Rs cr) 6
Buy Price 0.00
Buy Qty 0.00
Sell Price 7.73
Sell Qty 200.00

Galada Power & Telecommunication Ltd. (GALPOWTEL) - Company History

Previously known as Galada Continuous Castings, Galada Power & Telecommunication manufactures a wide range of aluminium / aluminium alloy products -- all-aluminium alloy conductors (AAAC), speciality wires, rolled products, castings and alloy ingots. After running into losses in 1981-82 due to reduction in import duty on aluminium, it turned around after the implementation of a BIFR-approved rehabilitation package. AAACs offer several advantages over aluminium conductors steel reinforced, the conventionally used medium in power conduction, as they reduce transmission losses, have longer service life, need simple erection and jointing and are theft-proof. Recoginising these advantages, the Central Electricity Authority and the Rural Electricity Corporation have recommended that SEBs use AAACs in place of aluminium conductors steel reinforced. Galada received a Rs 20-cr order to supply AAACs to Power Grid Corporation for a 400-V transmission line, thereby making a significant entry into the power transmission sector. GPTL expanded the capacity of its AAAC plant. It has also ventured into marketing optical fibres for overhead communication lines and energy-efficient hardware fittings. An agreement has been entered into with a UK company to market its products in India. It is also making significant inroads into line contracts and allied activities. The company also commissioned successfully both the 220 KV sub-stations at Yerandahalli and Doddaballapur and is qualified to quote for line contract works upto 220 KV sub-stations on its own. The company has been referred to BIFR due to their accumulated losses and the Board has appointed IDBI as the Operating Agency.