Finolex Cables PAT grew 13% in 2011-12

wirecableJune 8, 2012June 11, 2012

June 8, 2012June 11, 2012

May 3, 2012 Finolex Cables Ltd net sales for the quarter ended March 31, 2012 were Rs. 5967.3 million as against Rs. 5319 million for the corresponding period in year 2010-11. Net sales in the current quarter shows an increase of 12% compared to the corresponding period of the previous......

Usha Martin Ltd net drops 97% in 2011-12

wirecableJune 8, 2012June 11, 2012

June 8, 2012June 11, 2012

May 11, 2012 Usha Martin Ltd reported nearly 60 per cent drop in net profit to Rs 15 crore in the January-March quarter. The lower profit came on the back of 11 per cent sales growth to Rs 954 crore, during the period. “We could not pass on the impact......

KEC International’s Net Sales increases by 29.9%

wirecableJune 8, 2012June 11, 2012

June 8, 2012June 11, 2012

May 3, 2012 KEC International Ltd. (KEC), an RPG Group company, announced its audited results for the financial year (FY) 2011-12 and unaudited results for the fourth quarter (Q4) ended March 31, 2012. For the FY 2011-12, Net Sales increased by 29.9% to Rs. 5814.7 crore and Net Profit increased......

CCI bags order for 110kV cable from Power Grid Corporation of India

wirecableJune 8, 2012June 11, 2012

June 8, 2012June 11, 2012

March 21, 2012 Cable Corporation of India Ltd (CCI) has bagged a cable supply order for a 110 kV EHV cable turnkey project valued at Rs. 29 crore from Power Grid Corporation of India. The total turnkey contract envisages a supply of 110 kV under-ground power cable & fibre optic......

General Cable Corporation to Acquire Alcan Cable

wirecableJune 8, 2012June 11, 2012

June 8, 2012June 11, 2012

May 21, 2012 General Cable Corporation announced that it has agreed to acquire Alcan Cable, the wire and cable business of Rio Tinto plc. The purchase price is $185 million in cash, subject to customary adjustments primarily related to working capital levels at closing as provided in the definitive purchase......

Fagerholm new CEO at Maillefer

wirecableJune 8, 2012September 13, 2012

June 8, 2012September 13, 2012

April 30, 2012 Mr. Lars Fagerholm, was appointed CEO of the Maillefer group, as of April 12, 2012. He succeeds Peter Roos, who stays on until the end of June 2012 and then leaves Maillefer for personal reasons. To the end of June, Mr Roos will continue in the company......

Assomac gets a major order from UAE

wirecableJune 8, 2012September 13, 2012

June 8, 2012September 13, 2012

May 18, 2012 Assomac Group, one of India’s leading names in the field of wire drawing machines, wire cutting machinery, wire making and other allied machinery, stays ahead of time by supplying very latest technology and the best equipments, supported by a team of highly qualified and well-trained personnel. In......

Cords Cable Industries gets International approval

wirecableJune 8, 2012September 13, 2012

June 8, 2012September 13, 2012

May 23, 2012 Cords Cable Industries Ltd has got an international approval for its main stream cable products – Instrumentation Cable, Control Cable, Signalling Cable, Thermocouple Cable, Communication Cable and LT Power Cable from its prestigious new customer Tatweer Petroleum, Kingdom of Bahrain. With investments of billions of dollars envisaged......

Government likely to insist on 100 percent domestic sourcing for telecom projects worth Rs 36,000 crores

wirecableJune 8, 2012September 13, 2012

June 8, 2012September 13, 2012

April 18, 2012 The government is likely to insist on 100% domestic sourcing for three major telecom projects worth nearly Rs 36,000 crores shutting off foreign vendors who were hoping to bag a chunk of these contracts. Citing security concerns, the telecoms ministry has decided to approach the Union Cabinet......

KEC International secures orders worth Rs.1,416 crore

wirecableJune 8, 2012September 13, 2012

June 8, 2012September 13, 2012

April 20, 2012 KEC International Ltd. (KEC) has secured new orders worth Rs. 1,416 crore spread across its various businesses, geographies and customers. Transmission Business In this business, the company has secured orders from India, Bangladesh, DR Congo and Americas. India: The order is for design, supply and construction of......