Key Highlights

• Net sales of the company increased by 48% to Rs 211.74 crore.
• Electrical cables contributed 51% of company’s revenue and Communication cables contributed 42%.
• Net profit of the company has increased by 68% to Rs 22.56 crore.
• The Company has recently launched Modular Electrical Switches in the classic range category.
• The Company is planning to launch Compact Fluorescent Lamps in August 2006.
• The Company plans to invest up to Rs 200 crore in the State of Uttaranchal (near Roorkee city) to set up a green field manufacturing facility for light duty electrical cables, certain types of communication cables and modular electrical switches.
• The Investment is expected to occur in two stages. The first stage manufacturing is planned to go on stream before end of the current financial year 2006-07.
• The company expects to increase its presence in northern and eastern India through its new plant at in Uttaranchal.
• The company’s raw material cost has increased significantly due to volatility in metals prices. The copper procuring price of the company has increased by 30%
• The company has been keeping inventor of 21-30 days.
• Owing to the slow down in demand for jelly-filled telecom cables in favour of mobile telephony and optical fibre network, the company has got into restructuring of its Pune plant to manufacture light duty electric cables for the domestic market.
• The new plant is expected to generate Rs 400 crore of revenue.
• The company has planned to be Rs 10000 crore company in next three years and Rs 15000 crore company in 5 years.
• The company has a market share of about 22-25%.
• The company is planning to foray into new businesses into high voltage power cables.