Ultracab Secures Rs. 9.70 Crore Order From Adani Electricity Mumbai

Ultracab (India) Limited, a manufacturer of electric cables from Gujarat, has received a Rs. 9.70 crore order from Adani Electricity Mumbai. The order, which strengthens Ultracab's market position, is for LT PVC cables and is to be completed by March next year. This follows other substantial orders and rising revenues.

Rajkot-based Ultracab (India) Limited, a prominent player in the electric wires and cables industry, has announced a major order acquisition worth Rs. 9.70 crore from Adani Electricity Mumbai Limited. This deal, set for completion by March next year, involves the supply of LT PVC cables in various sizes.

Nitesh Vaghasiya, Ultracab's Chairman and Managing Director, expressed confidence in fulfilling the contract punctually, highlighting the trust and market presence their products have earned. He emphasized the positive impact this order is projected to have on the company's financial performance.

Ultracab's momentum continues as this order joins a series of recent contracts, including significant agreements with Western Railway and Jain Irrigation Systems. Established in 2007, Ultracab operates a state-of-the-art production facility and serves a global clientele that includes notable names like the Tata Group and the Vedanta Group.

(With inputs from agencies.)