Aditya Infotech and Orient Cables Incorporate Joint Venture for Cable Manufacturing
Aditya Infotech Limited (AIL) and Orient Cables (India) Limited have successfully incorporated a new joint venture entity aimed at manufacturing electric cables and allied products. The company has been established under the name of Corelink Cable Technology Private Limited, effective June 10, 2026.The incorporation marks the formalization of a strategic partnership between AIL and Orient Cables to operate in the industrial products sector. The joint venture is structured as a 50:50 collaboration, with both AIL and Orient sharing equal stakes in Corelink Cable Technology Private Limited.
Corelink Cable Technology Private Limited will primarily focus on manufacturing a range of specialized products, including electric cables, LAN cables, CCTV cables, terminated assemblies, connectors, and associated allied products.
The initial capital structure for the joint venture is defined by cash consideration contributions from both parent companies. The proposed paid-up share capital stands at ₹2,00,00,000/-. AIL will subscribe to ₹1,00,00,000/-, accounting for 50% of the total shares (1,00,000 equity shares of ₹10/- each). Orient Cables is also contributing ₹1,00,00,000/- corresponding to 50% shareholding.
Key details regarding the new venture are summarized below:
| Particulars | Details |
|---|---|
| Name of Entity | Corelink Cable Technology Private Limited |
| Date of Incorporation | June 10, 2026 |
| Industry | Industrial Products |
| Primary Business Focus | Manufacturing electric cables, LAN cables, CCTV cables, terminated assemblies, and connectors. |
| Total Paid-up Share Capital | ₹2,00,00,000/- |
| AIL Contribution | ₹1,00,00,000/- (50%) |
| Orient Cables Contribution | ₹1,00,00,000/- (50%) |
CPPLUS Stock Price Movement
Shares of Aditya Infotech Limited shed 1.5% in trading today, closing the session at ₹3437 after seeing a decline of ₹52.20. Throughout the day, the stock traded within a range of ₹3425 and ₹3545 on a total volume of 186,996 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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