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Universal Cables Ltd.

BSE: 504212 Sector: Engineering
NSE: UNIVCABLES ISIN Code: INE279A01012
BSE 00:00 | 03 Mar 140.95 3.60
(2.62%)
OPEN

139.70

HIGH

141.35

LOW

134.00

NSE 00:00 | 03 Mar 140.35 3.00
(2.18%)
OPEN

139.60

HIGH

141.15

LOW

133.50

OPEN 139.70
PREVIOUS CLOSE 137.35
VOLUME 16575
52-Week high 175.60
52-Week low 68.00
P/E 30.18
Mkt Cap.(Rs cr) 489
Buy Price 138.50
Buy Qty 100.00
Sell Price 140.95
Sell Qty 1000.00
OPEN 139.70
CLOSE 137.35
VOLUME 16575
52-Week high 175.60
52-Week low 68.00
P/E 30.18
Mkt Cap.(Rs cr) 489
Buy Price 138.50
Buy Qty 100.00
Sell Price 140.95
Sell Qty 1000.00

Universal Cables Ltd. (UNIVCABLES) - Company History

Incorporated as Hindustan Woollen Mills and promoted by M P Birla in 1945 the company was renamed Universal Cables (UCL) in 1961. It manufactures and markets electric cables wires and conductors. It also co-promoted Vindhya Telelinks which manufactures jelly-filled telephone cables. Along with Vindhya Telelinks and Ericsson Cables Sweden Universal Cables promoted a new company Birla Ericsson Opticals to manufacture fibre optic cables. UCL tied up with BICC UK world's largest cable producer for production of paper-insulated power cables. The company has since expanded to produce bare overhead conductors copper alloy trolley wires and catenaries for electric traction thermoplastic cables upto and including 11 kV elastomeric cable upto 35 KV continuous cast and rolled aluminium aluminium alloy rods etc.Its capacitor division tied-up with Toshiba Japan and General Electric US to manufacture paper-insulated power capacitors. The cable division in collaboration with Asea Kabel Sweden manufactures polythene power cables upto 33 kV which was extended to extra-high tension cables upto 145 kV and fluoroplastic cables. UCL has developed several new products for the Defence sector as well as electronic equipment and has also embarked on collaborative research in specific hi-tech areas in association with BARC and IIT.The company is planning to diversify its product range and enter into manufacture of Telecommunication Cables. It also came out with Rights Issue in April 1999 at a premium of Rs 10 per shares. Vindhya Telelinks Ltd and Birla Ericsson Optical Ltd promoted by the company have shown improved results.During the year 2000-01 the company's turnover increased about 26% inspite of trying times due to the company's strategy to diversify into Polythene Insulated Jelly Filled (PIJF) Telephone Cables. The company along with Vindhya Telelinks Ltd. and Birla Ericsson Optical Ltd. has promoted a new company called Optic Fibre Goa Ltd. for the manufacture of Optical Fibre which is under implementation and is scheduled to go into production in the coming year.

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