Shares of Ultracab (India) Ltd surged 4.74%, trading at Rs 15.70 in early session today, after the company announced a major order worth Rs 51.06 crore from Maharashtra State Electricity Distribution Company Limited (MSEDCL) for the supply of LT XLPE cables. The contract highlights Ultracab’s strong position within India’s expanding power distribution and infrastructure sector, leveraging its expertise in high-quality cable manufacturing.
The supply of cables is scheduled for completion by June 2025, further enhancing the company’s reputation among prominent corporate clients, including TATA Group, Adani Group, and Indian Railways.
Ultracab’s shares rose to Rs 15.70, up from the previous close of Rs 14.99. The stock saw a day’s trading range between Rs 14.97 and Rs 16.20, with a market capitalization of Rs 204 crore. The stock’s 52-week range spans between Rs 11.99 and Rs 20.48, reflecting the potential upside investors see in the company.
The company’s growth is supported by over 26 years of industry experience and a strong order book from major PSU clients, ensuring sustained revenue growth.
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