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Delton Cables Ltd.

BSE: 504240 Sector: Engineering
NSE: N.A. ISIN Code: INE872E01016
BSE 00:00 | 20 Feb 42.00 -0.25
(-0.59%)
OPEN

41.85

HIGH

43.35

LOW

40.15

NSE 05:30 | 01 Jan Delton Cables Ltd
OPEN 41.85
PREVIOUS CLOSE 42.25
VOLUME 4224
52-Week high 50.65
52-Week low 12.40
P/E 2.29
Mkt Cap.(Rs cr) 36
Buy Price 41.15
Buy Qty 5.00
Sell Price 42.00
Sell Qty 100.00
OPEN 41.85
CLOSE 42.25
VOLUME 4224
52-Week high 50.65
52-Week low 12.40
P/E 2.29
Mkt Cap.(Rs cr) 36
Buy Price 41.15
Buy Qty 5.00
Sell Price 42.00
Sell Qty 100.00

Delton Cables Ltd. (DELTONCABLES) - Company History

Incorporated in Sept.'64 as a private limited company under the name Delton Cable Industries Pvt. Ltd., was converted into a public limited company in Jun'81, and the name was changed to Delton Cables Ltd. It was promoted by R.K. Gupta. Manufacture of wires and cables, power cables, radio high frequency cables and PVC compound. In 1981-82, the Company completed modernisation programme at its Faridabad factory at a cost of Rs.74 lakhs. ICICI sanctioned a term loan of Rs.35 lakhs for this programme and the balance was met from internal resources. Early in 1983-84, manufature of jelly filled cables was taken up in the dxisting plant by the addition of some balancing equipment. During 1988-89, the Company implemented a project to manufacture jelly filled cables at Dharuhera with an installed capacity of 500 million core metres per annum, at a cost of Rs.22 crores. manufacture of jelly filled cables in the new unit commenced during 1989-90. During 1987-88, the Company was granted an industrial licence for the manufacture of 50,000 lines of Electronic Private Automatic Branch Exchanges (EPANX) and allied equipments per annum in the state of Haryana. The project was undertaken in a joint venture Company "Delta Systems Pvt. Ltd." co- promoted by the Company along with ATEA, Belgium and Siemens Ltd. The estimated cost of the project was Rs.16.5 crores of which a sum of Rs.4 crores was to be raised by way of equity capital. The Company ATEA and Siemens Ltd. were to participate to the extent of 25%, 15% and 49% respectively in the equity capital of the joint venture. The balance 11% was to be raised from other associates. The company had developed Switchboard Cables and Polythene Insulated Jelly Filled Cables during 2000-2001.