Promoted by G R Reddy and Associates G R Cables set up facilities to manufacture Jelly-Filled Telephone Cables (15 lac CKM) part-financed by the par issue made on Jan.'95.Mainly used for inter-city networks the demand for JFTCs depends mainly on the investment / outlay for adding new direct exchange lines. In a business where demand outstrips supply cost-competitiveness will determine the quantum of orders from the DoT and MTNL. Since the project cost/CKM is among the lowest in the industry the company is expected to bid competitively for tenders floated by the DOT and MTNL. The experience of the main promoter G R Reddy and Chairman S M Prasad (former CMD of MTNL) in this field will help the company.The company has a collaboration with the Essex Group US (which also has agreements with Sterlite Finolex Cables and T N Telecommunications).The company introduced new types of Switch Board Cables during 2001-02.During 2002-03 the sales were dipped due to non acceptance of the orders from various customers. This was due to price reduction and un-remunerative sales prices offered by BSNL/MTNL. |
G R Cables Ltd.
BSE: 517564 | Sector: Engineering |
NSE: N.A. | ISIN Code: INE769B01010 |
BSE 00:00 | 04 Mar | G R Cables Ltd |
NSE 05:30 | 01 Jan | G R Cables Ltd |
OPEN | 0.37 |
PREVIOUS CLOSE | 0.37 |
VOLUME | 1370 |
52-Week high | 0.37 |
52-Week low | 0.00 |
P/E | |
Mkt Cap.(Rs cr) | 1 |
Buy Price | 0.39 |
Buy Qty | 1000.00 |
Sell Price | 0.00 |
Sell Qty | 0.00 |
G R Cables Ltd. (GRCABLES) - Company History
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