Shares of Ultracab India Limited gained 2.65% to ₹13.56 in Tuesday’s session after the company announced that it has received prestigious approval from Larsen & Toubro (L&T), allowing it to supply electrical wires and cables for L&T’s projects across multiple sectors.
Key highlights of the approval:
- Larsen & Toubro (L&T) is a leading Indian multinational with operations spanning engineering, construction, technology, power, manufacturing, IT, and financial services.
- The approval enables Ultracab to provide electrical wires and cables for projects in sectors such as:
- Defence Installations
- Digital Energy Solutions
- Power Transmission & Distribution
- Metros & Smart City Infrastructure
- Renewable Energy Projects
- Nuclear Plants & Hydel Projects
- Transportation & Underground Structures
Ultracab’s market presence:
- Ultracab India is a leading manufacturer and exporter of electrical wires and cables, supplying to major corporate clients including:
- TATA Group, Adani Group, Jindal Group, Vedanta Group
- PSUs such as Railways, PGCIL, BPCL, MRPL, NPCIL, BHEL, and EIL
- The company has been steadily expanding since its inception, backed by 26 years of industry expertise and state-of-the-art manufacturing facilities.
Stock performance:
- Current price: ₹13.56 (+2.65%)
- Previous close: ₹13.21
- Day’s range: ₹13.35 – ₹13.60
- Market cap: ₹176 crore
- 52-week range: ₹11.99 – ₹19.07
This approval from L&T is expected to boost Ultracab’s growth prospects and strengthen its market position in high-value infrastructure projects.
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