Don’t miss the latest developments in business and finance.

Diamond Cables bags Rs 31 cr order from GEB

Image
Our Regional Bureau Vadodara
Last Updated : Feb 06 2013 | 7:52 AM IST
Vadodara-based Diamond Cables Ltd (DCL), manufacturers of cables and conductors, has bagged a Rs 31 crore contract from the Gujarat Electricity Board (GEB) to supply 14,000 km of conductors.
 
The state electricity board is buying conductors for its Jyoti Gram Yogna rural electrification project.
 
"We are aiming to complete the order before six months. The GEB order will make us enable to report sales of more than Rs 100 crore during the current financial year," said R K Dutta, manager, marketing, Diamond Cables.
 
Meanwhile, the company is planning to double the share of exports in its total sales.
 
"We want to increase our focus more on our exports to take the turnover up. We have already bided for projects overseas to supply cables and conductors. We have adequate production capacities to meet the prospective orders," said Dutta.
 
Diamond Cables is focusing on Middle East and SAARC countries for its future export destination where it had supplied its products.
 
Diamond Cables has two manufacturing units at Vadodara with 30,000 mt tonne per annum capacity and Silvasa.
 
Dimond Cables is supplying cables to various state electricity boards and companies such as ABB and Larsen & Toubro.
 
The company had reported sales of Rs 86 crore in last fiscal, including about a 15 per cent share of exports.
 
The company, incorporated in 1970, is at present Asia's largest manufacturer of All-Aluminum-Alloy conductors.
 
Mideast Metals Consulting, based at Middlesex, has assessed the integrated capacity of the ISO 9002 company at 18,000 tonne of aluminium alloy wire rods and 30,000 tonne of alloy conductors.
 
The unit can manufacture extra high voltage conductors suitable of transmitting 400 kv and kv power.

 
 

Also Read

First Published: Jan 25 2005 | 12:00 AM IST

Next Story