Prime Cable Industries Lands Major Order for ₹ 37.85 Crore Worth of Cables from Reputed EPC
Prime Cable Industries Limited, formerly known as Prime Cable Industries Pvt. Ltd., has secured a significant purchase order from a reputed Engineering, Procurement, and Construction (EPC) contractor. The contract involves the supply of High Tension (HT) Cables, Low Tension (LT) AB Cables, and Covered Conductors for deployment with a State Electricity Board (SEB) in India.The total value of the order is reported as ₹ 37,85,31,728/- (inclusive of GST). This material contract positions Prime Cable Industries to supply critical electrical infrastructure components to the power sector.
The key details regarding the contract are as follows:
| Particulars | Details |
|---|---|
| Awarding Entity | Reputed EPC |
| Nature of Order | Supply of HT Cables, LT AB Cables and Covered Conductors as per specified technical requirements. |
| End User | State Electricity Board (SEB) in India |
| Market Scope | Domestic |
| Order Value | ₹ 37,85,31,728/- (inclusive of GST) |
| Execution Timeline | 6 months |
| Related Party Status | Not a related party transaction |
The purchase order confirms that the contract includes standard commercial terms, covering delivery timelines, inspection, warranty, and quality assurance measures. The supply of the cables is required for an end user, the State Electricity Board, further cementing the company's role in India's power transmission and distribution infrastructure.
PRIMECAB Stock Price Movement
Today, Prime Cable Industries Limited shares rallied, closing up 2.33% for the session at ₹101.00. The stock saw robust intraday interest, settling the day with a total traded volume of 76,800 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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