Cables

While input costs have eased, lower volumes could impact margins

The Rs 500-crore initial share-sale of DCX Systems, manufacturer of cables and wire harness assemblies, will open for public subscription on October 31. The three-day Initial Public Offering (IPO) would close on November 2, according to the Red Herring Prospectus (RHP). The company has cut the size of its fresh issue of equity shares to Rs 400 crore from Rs 500 crore planned earlier. Apart from fresh issue, the IPO comprises an offer for sale of equity shares to the tune of up to Rs 100 crore by promoters -- NCBG Holdings Inc and VNG Technology. The company proposes to utilise the net proceeds from the fresh issue towards debt payment, funding working capital requirements, investment in its wholly-owned subsidiary Raneal Advanced Systems to fund its capital expenditure expenses and general corporate purposes. The Bengaluru-based company is primarily engaged in system integration and manufacturing a comprehensive array of cables and wire harness assemblies, and are also involved in

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Nitya Electro Controls Group on Sunday said production has started at its wires and cables manufacturing plant at Greater Noida in Uttar Pradesh. The company also announced roping in Bollywood actor Nawazuddin Siddiqui as its brand ambassador. The company will manufacture German technology-based house wires, multicore cables, specialty cables, LT Power cables at the plant. We are happy to launch the state of art wires and cables manufacturing plant and We are always committed to providing our consumers with the best, safe and advanced technology wires and cables. We are coming up with German technology advanced products for Indian consumers to ensure the best quality and safety," Nitya Group CMD Prashant Srivastava said in a statement. The company had earlier announced plans to invest Rs 200 crore over a five-year period. Srivastava further said that the company has signed Nawazuddin Siddiqui for wires and cables division to showcase the perfection and safety in all range of cons

To lure customers, companies in the sector have started focusing on customised services to provide complete electrical solutions

Supply of signalling cables & quad cables to railways contributed 45% to CMI's revenues in 2016-17