Company Profile

FINOLEX CABLES LTD.

NSE : FINCABLESBSE : 500144ISIN CODE : INE235A01022Industry : CableHouse : Finolex
BSE307.7514.55 (+4.96 % )
PREV CLOSE (Rs.) 293.20
OPEN PRICE (Rs.) 294.80
BID PRICE (QTY) 0.00 (0 )
OFFER PRICE (QTY) 0.00 (0 )
VOLUME 23002
TODAY'S LOW / HIGH (Rs.)293.30 311.75
52 WK LOW / HIGH (Rs.)165 433
NSE307.10 13.9 (+4.74 % )
PREV CLOSE(Rs.) 293.20
OPEN PRICE (Rs.) 294.90
BID PRICE (QTY) 0.00 (0 )
OFFER PRICE (QTY) 307.10 (1934 )
VOLUME 501781
TODAY'S LOW / HIGH(Rs.) 293.20 312.45
52 WK LOW / HIGH (Rs.)162.4 433.7

Company News

Date Heading Details
03-Jul-2020 Finolex Cables informs about disclosure of material impact of covid-19 <P align=justify>Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Finolex Cables has informed about disclosure of material impact of CoVID-19 pandemic on the Company. Attached scanned copy of letter Ref. No.FCL:SEC:SE:2020: dated June 27, 2020.<P align=justify>The above information is a part of company's filings submitted to BSE.
29-Jun-2020 Finolex Cables informs about newspapers cutting <P align=justify>Finolex Cables has informed that it has attached copy of newspapers cutting of standalone and consolidated Audited Financial Results of the Company for the quarter and financial year ended 31st March, 2020 published on 28th June, 2020 in all editions of 'Financial Express' (English newspaper) and 'Loksatta' Pune edition (Marathi newspaper).<BR><P align=justify>The above information is a part of company's filings submitted to BSE.<BR>
18-May-2020 Finolex Cables informs about compliance certificate <P align=justify>Pursuant to Regulation 40 of Securities and Exchange Board of India (‘SEBI') (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘Listing Regulations'), Finolex Cables has informed that it has enclosed a copy of Certificate for the half year ended 31st March 2020 as received from Jog Limaye &amp; Associates Practicing Company Secretaries, Pune.<P align=justify>The above information is a part of company's filings submitted to BSE.<P><BR>
31-Jan-2020 Finolex Cables informs about board meeting <P align=justify>Pursuant to Regulation 29(1) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Finolex Cables has informed that a meeting of the Board of Directors of the Company is scheduled to be held on Friday, 14th February, 2020, to consider and take on record the Company's standalone and consolidated Unaudited Financial Results for the quarter/period ended 31st December, 2019 (Financial Year 2019-20) and to approve the text of the advertisement to be released in this regard. <BR><P align=justify>The above information is a part of company's filings submitted to BSE.<BR>
03-Jan-2020 Finolex Cables launches Industrial Switchgears <p align="justify">Finolex Cables has launched Industrial Switchgears, which is manufactured with the latest technology, these will be available in differential ratings, ranging from 63 to 800 Amps in various pole configurations. The switchgears have been introduced in 5 different frame sizes across the country. The company has entered into the MCCB product category to strengthen its presence in the domestic and industrial switchgear market.<br></p><p align="justify">The MCCB launch will further strengthen the switchgear basket of the company and will give the company access to the enormous and robust Industrial switchgear market to serve its retail and panel builder clients.<br></p><p align="justify">Finolex Cables is India's largest and leading manufacturer of electrical and telecommunication cables.</p><p align="justify"><br></p>
03-Jan-2020 Finolex Cables shines on launching Industrial Switchgears <p align="justify">Finolex Cables is currently trading at Rs. 408.30, up by 8.45 points or 2.11% from its previous closing of Rs. 399.85 on the BSE.<br></p><p align="justify">The scrip opened at Rs. 403.00 and has touched a high and low of Rs. 410.05 and Rs. 403.00 respectively. So far 2649 shares were traded on the counter.<br></p><p align="justify">The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 506.75 on 20-Mar-2019 and a 52 week low of Rs. 334.95 on 15-Oct-2019.<br></p><p align="justify">Last one week high and low of the scrip stood at Rs. 410.05 and Rs. 357.50 respectively. The current market cap of the company is Rs. 6245.28 crore.<br></p><p align="justify">The promoters holding in the company stood at 35.92%, while Institutions and Non-Institutions held 27.12% and 36.96% respectively.<br></p><p align="justify">Finolex Cables has launched Industrial Switchgears, which is manufactured with the latest technology, these will be available in differential ratings, ranging from 63 to 800 Amps in various pole configurations. The switchgears have been introduced in 5 different frame sizes across the country. The company has entered into the MCCB product category to strengthen its presence in the domestic and industrial switchgear market.</p><p align="justify">The MCCB launch will further strengthen the switchgear basket of the company and will give the company access to the enormous and robust Industrial switchgear market to serve its retail and panel builder clients.</p><p align="justify">Finolex Cables is India's largest and leading manufacturer of electrical and telecommunication cables.<br></p>
22-Nov-2019 Finolex Cables surges on introducing fast-moving range of electrical wire accessories <p align="justify">Finolex Cables is currently trading at Rs. 361.75, up by 6.15 points or 1.73% from its previous closing of Rs. 355.60 on the BSE.<br></p><p align="justify">The scrip opened at Rs. 359.00 and has touched a high and low of Rs. 367.00 and Rs. 359.00 respectively. <br></p><p align="justify">The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 506.75 on 20-Mar-2019 and a 52 week low of Rs. 334.95 on 15-Oct-2019.<br></p><p align="justify">Last one week high and low of the scrip stood at Rs. 367.00 and Rs. 353.00 respectively. The current market cap of the company is Rs. 5438.52 crore.<br></p><p align="justify">The promoters holding in the company stood at 35.92%, while Institutions and Non-Institutions held 27.12% and 36.96% respectively.<br></p><p align="justify">Finolex Cable has introduced a fast-moving range of electrical wire accessories like door bell, extension box, spike guard, angle holders, batten holders, etc. to satisfy the growing demand for quality electrical products. The company has been steadily expanding into the electrical segment with a product range that includes electric water heaters, fans, miniature circuit breakers, switches and lighting products. The company's rapid and industry-leading growth has been the outcome of a well-formulated strategy for setting up modern, well-equipped plants and regular capacity expansion in alignment with market requirements.</p><p align="justify">Finolex Cables is India's largest and leading manufacturer of electrical and telecommunication cables.<br></p>
22-Nov-2019 Laurus Labs, Lakshmi Electrical and Finolex Cable to see some action today <p align="justify"><strong>Laurus Labs</strong> has completed the USFDA, pre-approval inspection (PAI) for an API manufactured at its Units 1&amp;3, located at J N Pharma City, Parawada, Visakhapatnam in the state of Andhra Pradesh, with three observations, which are procedural in nature and no data integrity issues were observed in the inspection. The inspection was carried out from November 18, 2019 to November 21, 2019.<br></p><p align="justify"><strong>Lakshmi Electrical Control Systems</strong> is going to adopt no-production days for upto 8 days in a month of November 2019 at production facility of Arasur in Coimbatore. This step is to align production in line with the company's sales requirements.<br></p><p align="justify"><strong>Finolex Cable</strong> has introduced a fast-moving range of electrical wire accessories like door bell, extension box, spike guard, angle holders, batten holders, etc to satisfy the growing demand for quality electrical products. The company has been steadily expanding into the electrical segment with a product range that includes electric water heaters, fans, miniature circuit breakers, switches and lighting products. The company's rapid and industry-leading growth has been the outcome of a well-formulated strategy for setting up modern, well-equipped plants and regular capacity expansion in alignment with market requirements.<br></p><p align="justify"><strong>Andhra Bank</strong> has received a communication from Ministry of Finance, Government of India stating that the Alternative Mechanism (AM) has accorded in-principle approval to the proposed amalgamation of Andhra Bank and Corporation Bank into Union Bank of India with Union Bank of India as the transferee Bank and Andhra Bank and Corporation Bank as transferor Banks.<br></p><strong></strong><p align="justify"><strong>Power Finance Corporation</strong>'s (PFC) wholly owned subsidiary -- PFC Consulting has incorporated two wholly owned subsidiaries namely Koppal-Narendra Transmission and Karur Transmission. <br></p><strong></strong><p align="justify"><strong>Infosys</strong>' subsidiary-- EdgeVerve Systems has entered into partnership with WM Promus, a leading software services provider, to develop and deliver innovative automation solutions. Together, they will assist enterprises across industries such as airlines, financial services, manufacturing, and retail to help improve enterprise-wide productivity and efficiency.<br></p><p align="justify"><strong>KIOCL</strong> has received approval for setting up of forward and backward integration projects to the Blast Furnace Unit (BFU) at Mangalore with a total outlay of Rs 836.90 crore of which Rs 276.17 crore will be met through Reserves of the company and reminder through debt. <br></p>
21-Nov-2019 Finolex Cables introduces fast-moving range of electrical wire accessories <p align="justify">Finolex Cable has introduced a fast-moving range of electrical wire accessories like door bell, extension box, spike guard, angle holders, batten holders, etc to satisfy the growing demand for quality electrical products. The company has been steadily expanding into the electrical segment with a product range that includes electric water heaters, fans, miniature circuit breakers, switches and lighting products. The company's rapid and industry-leading growth has been the outcome of a well-formulated strategy for setting up modern, well-equipped plants and regular capacity expansion in alignment with market requirements.<br></p><p align="justify">Finolex Cables is India's largest and leading manufacturer of electrical and telecommunication cables.<br></p>
19-Nov-2019 Finolex Cables informs about presentation <P align=justify>In reference to the earlier letter Ref.No. FCL:SEC:SE:19:233 dated 18th November, 2019, Finolex Cables has informed that it has&nbsp;enclosed a copy of presentation of the Company in which its representatives were D K Chhabria, Executive Chairman and Mahesh Viswanathan. Conference Call organized for 19th November, 2019.<BR><P align=justify>The above information is a part of company's filings submitted to BSE.<P align=justify><BR><P align=justify><BR>