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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 0.31
P/E
Mkt Cap.(Rs cr) 1
Buy Price 0.39
Buy Qty 1000.00
Sell Price 0.00
Sell Qty 0.00
OPEN 0.37
CLOSE 0.37
VOLUME 1370
52-Week high 0.37
52-Week low 0.31
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

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.