Prime Cable Industries Secures Contract for Manufacture and Supply of 11 KV HT Cable
Prime Cable Industries Limited, which manufactures wires and cables, has secured a contract from a private entity for the manufacture and supply of 11 KV HT Cable. The contract has a broad consideration of ₹ 8,30,13,000, inclusive of GST.The details concerning the newly awarded contract were structured as follows:
| Particulars | Details |
|---|---|
| Name of Entity Awarding the Contract | Private Entity |
| Nature of Order | Manufacture & Supply of 11 KV HT Cable |
| Domestic/International Status | Domestic |
| Broad Consideration or Size of Contract | ₹ 8,30,13,000 (inclusive of GST) |
| Execution Timeline | Within 30 days or as per schedule requirement from MFC issued by the Private Entity |
The contract involves the manufacture and supply of 11 KV HT Cable and is categorized as a domestic transaction with the private entity. The company noted that there are no related party transactions, nor do the company's promoters or promoter groups have any interest in the entity that awarded the contract.
PRIMECAB Stock Price Movement
On Friday, Prime Cable Industries Limited shares edged higher to close at ₹111.65, marking a gain of 0.95% for the session. The stock saw 32,000 shares traded, finding support between the day's low of ₹109 and the day's high of ₹114.4.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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