Prime Cable Industries Secures Two-Year Rate Contract Worth ₹14.55 Crore for Power and Control Cables
Prime Cable Industries Limited, formerly known as Prime Cable Industries Pvt. Ltd., has secured a significant two-year rate contract valued at ₹14,55,77,244.94. The contract involves the supply of various sizes of LT Power and control cable to a joint venture entity backed by Tata Power and the Government of Odisha.The contract details confirm that Prime Cable Industries will be supplying these cables under domestic terms over two years, with the execution period set to end on July 20, 2028.
Prime Cable Industries has no promoter group interest in the awarding entity, nor does the contract fall under related party transactions.
Key details regarding the newly awarded order are summarized below:
| Particulars | Details |
|---|---|
| Entity Awarding Contract | A Joint Venture of Tata Power and Government of Odisha |
| Nature of Order | Supply of various sizes of LT Power & control Cable |
| Total Contract Value | ₹14,55,77,244.94 (inclusive of GST) |
| Contract Duration | 2 years |
| Execution Deadline | July 20, 2028 |
PRIMECAB Stock Price Movement
Prime Cable Industries Limited surges by 1.77%, gaining ₹3.40 and trading at ₹195.40 as of 2:02 PM, with the stock hitting its 52-week high in this bullish session. The equity commands high investor interest, reflecting a dynamic market environment amid 19,200 shares traded so far today.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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