Shares of Ultracab India are likely to be in focus today, March 26, after the company announced a significant annual rate contract worth ₹9.70 crore from Adani Electricity Mumbai Limited. The contract involves the supply of LT PVC Cables of various sizes, further strengthening Ultracab’s relationship with one of India’s largest private power distribution companies.
As of 10:53 am the shares were trading 2.55% higher at ₹11.27 post announcement of order on exchanges.
According to the filing with BSE under Regulation 30 of SEBI LODR Regulations, 2015, the supply will be executed on or before March 2026. Adani Electricity is a wholly owned subsidiary of Adani Transmission and caters to over 12 million consumers across Mumbai and its suburbs.
Ultracab, a prominent wire and cable manufacturer with over 26 years of industry experience, stated that this order underlines the strong market presence and quality trust the company has built over time. The company added that the contract is expected to positively contribute to its revenues and profitability in the upcoming quarters.
There is no related party transaction involved, and the promoters do not have any direct interest in the awarding entity. The company plans to complete the order supply within the stipulated timeline as per the terms of the contract.
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