Ultracab (India) stock gains 1.5% as it expects Rs35-40 crore business from Indian Railways

17 Feb 2022 , 09:28 AM

Ultracab (India) Ltd stocks rally in the market on Thursday as the company announced that they are registered vendor with Indian Railway. and participated in tender of Indian railways of amount Rs800 crore and company expected Rs35 to 40 crore business from “Indian Railway” a body of Government of India in upcoming financial year.

At around 9:29 AM, Ultracab (India) was trading at Rs212.60 per piece higher by 1.5% on the BSE.

Ultracab (India) Ltd is a leading name in Wires & Cable manufacturers in India. The Company is located in Shapar -Veraval, District Rajkot.It was incorporated in 2007 by young and dynamic entrepreneur. The Company has been growing in leaps and bounds since Inception.

As one of the leading manufacturers and exporters of electric wires and cables in India, they are working in this domain from more than 22 years. As the leading manufacturers and exporters of electric wires and cables in Gujarat (India), our specialization in Instrumentation Cables, Elevator Cables, High Temperature Automotive Cables, and UL Approved Cable, said company.

The Company’s esteemed customers are Power Grid (PGCIL), BHEL, Indian Railways, BPCL, IOCL, HPCL, Gujarat State Road Transport (GSRTC) etc and many more. The esteemed corporate clients include Reliance Industries, Adani Group, Hindustan Zinc Ltd, Vedanta Limited, Aditya Birla Group, Wipro, Sanghi, Jindal Steel and Power etc and many renowned Indian Companies.