Company Profile

POLYCAB INDIA LTD.

NSE : POLYCABBSE : 542652ISIN CODE : INE455K01017Industry : CableHouse : MNC
BSE682.3532.45 (+4.99 % )
PREV CLOSE (Rs.) 649.90
OPEN PRICE (Rs.) 657.00
BID PRICE (QTY) 682.35 (956 )
OFFER PRICE (QTY) 0.00 (0 )
VOLUME 14563
TODAY'S LOW / HIGH (Rs.)651.10 682.35
52 WK LOW / HIGH (Rs.)525.05 1180
NSE679.40 29.6 (+4.56 % )
PREV CLOSE(Rs.) 649.80
OPEN PRICE (Rs.) 651.10
BID PRICE (QTY) 679.40 (5117 )
OFFER PRICE (QTY) 0.00 (0 )
VOLUME 552891
TODAY'S LOW / HIGH(Rs.) 651.00 682.25
52 WK LOW / HIGH (Rs.)525.15 1182

Company News

Date Heading Details
16-May-2020 Polycab India recommences operations at Roorkee manufacturing plant <P align=justify>Polycab India has recommenced its operations at its manufacturing plant situated at Roorkee in Uttarakhand with effect from May 15, 2020 after obtaining the requisite approvals, as applicable, from the concerned Government Authorities.<P align=justify>The scope of operations of the plant is on the basis of current requirements which may undergo a change on the basis of prevailing conditions on ground. The company will continue to ensure health and safety of its workforce while remaining compliant with all the directives of competent authorities issued time to time. <P align=justify>Polycab India is the largest cables &amp; wires manufacturer. It is also the fastest growing company in the Indian cable industry with consistent growth. The company also in the business segment of EPC, Cables.
04-May-2020 Polycab inks pact with Trafigura to acquire 50% stake in Ryker Base <p align="justify">Polycab India (PIL) has signed an agreement with Trafigura Pte, Singapore (Trafigura) to acquire 50% stake in Ryker Base (Ryker) thereby terminating the existing joint venture (JV). PIL had entered into a 50:50 JV with Trafigura in 2016 to incorporate Ryker with an aim to strengthen backward integration of its operations and improve quality of its key input i.e., copper. </p><p align="justify">Post Trafigura's global strategic decision to exit from value-add manufacturing businesses in India where it is a JV partner, PIL decided to acquire balance 50% stake in Ryker from Trafigura making Ryker a wholly owned subsidiary of PIL. The purchase consideration is likely to be around $ 4 Million (Rs 300 million). As of March 31, 2020, Ryker had Rs 1.97 billion of external commercial borrowing availed earlier for funding the cost of the plant which will now be fully consolidated in PIL. The transaction is subject to fulfilment of certain conditions by both parties.</p><p align="justify">Polycab India is the largest cables &amp; wires manufacturer. It is also the fastest growing company in the Indian cable industry with consistent growth. The company also in the business segment of EPC, Cables.<br></p>
04-May-2020 Polycab India, HG Infra Engineering and ITC to see some action today <p align="justify"><strong>Polycab India</strong> (PIL) has signed an agreement with Trafigura Pte, Singapore (Trafigura) to acquire 50% stake in Ryker Base (Ryker) thereby terminating the existing joint venture (JV). PIL had entered into a 50:50 JV with Trafigura in 2016 to incorporate Ryker with an aim to strengthen backward integration of its operations and improve quality of its key input i.e., copper. Post Trafigura's global strategic decision to exit from value-add manufacturing businesses in India where it is a JV partner, PIL decided to acquire balance 50% stake in Ryker from Trafigura making Ryker a wholly owned subsidiary of PIL. </p><p align="justify"><strong>HG Infra Engineering</strong> has incorporated a wholly owned subsidiary (WOS) company namely ‘H.G. Rewari Bypass' on May 01, 2020, as Special Purpose Vehicle (SPV).The Company has incorporated a wholly owned subsidiary company as Special Purpose Vehicle for carrying out business of construction of proposed Rewari Bypass (NH-11) as feeder route in Rewari district in the state of Haryana (Design length -14.40 KM) on Hybrid Annuity Mode (HAM).</p><p align="justify"><strong>ITC</strong> has ramped up personal care production to meet the demand for sanitisers. The company which retails Savlon range of sanitisers, has stepped up production at the facility in Himachal Pradesh to produce an additional 1.25 lakh litres.The company also has slashed prices of Savlon sanitisers and working overnight to make sure the new stocks reached the market. It has also been working closely with government authorities and local administration to ensure manufacturing and distribution of essential commodities continue uninterrupted.&nbsp; </p><p align="justify"><strong>Asian Paints</strong> has forayed into the hand sanitizer category with the launch of the Viroprotek range of Hand and Surface Sanitizers. The company has entered into this category to support the Government in its various measures towards COVID-19 relief and address the huge need of hand and surface sanitization in these testing times.</p><p align="justify"><strong>VA Tech Wabag</strong> has incorporated new subsidiary company namely ‘Digha STP Projects' in Tamil Nadu. The said incorporation is to carry out the sewage treatment plants in Digha and Kankarbagh zones of Patna, Bihar including operation and maintenance and to carry out all associated infrastructure facilities, under Hybrid Annuity Model, in connection with the project agreement signed between National Mission for Clean Ganga (NMCG), Bihar Urban Infrastructure Development Corporation (BUIDCO) and WABAG SPV viz., DK Sewage Project (DKSPPL).</p><p align="justify"><strong>Bank of Baroda</strong> (BoB) is taking various steps, including a Rs 2,300-crore financial support, to help the sector hit hard by the coronavirus-induced lockdown. The bank launched an emergency credit line to provide funds to its existing MSME and corporate borrowers in the last week of March, soon after the lockdown was announced. </p><p align="justify"><strong>GE Power India</strong> has resumed its manufacturing operations at its Durgapur plant in West Bengal, to the extent permitted by the local administration/competent authority. The company is taking all precautions, safety and social distancing measures and implementing all applicable guidelines issued by the authorities across its operations and offices for prevention and containment of COVID-19. <br></p>
04-May-2020 Substantial Acquisition of Shares Inter alia, has approved the acquisition of 2,60,10,000 (Two Crore Sixty Lakhs Ten Thousand) (i.e. balance 50% equity shares) of face value of Rs.10/- each held by Trafigura Pte Ltd., Singapore (?Trafigura?) in Ryker Base Private Limited. Ryker Base Private Limited would become a wholly-owned Subsidiary Company after acquisition of the said equity shares from Trafigura
02-May-2020 Polycab India informs about outcome of board meeting <p align="justify">Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Polycab India has informed that the Board of Directors of the Company at its meeting held on 2nd May 2020 has approved the acquisition of 2,60,10,000 (balance 50% equity shares) of face value of Rs 10 each held by Trafigura Pte , Singapore (‘Trafigura') in Ryker Base. Ryker Base would become a wholly-owned Subsidiary Company after acquisition of the said equity shares from Trafigura. The details as required under Regulation 30 of the SEBI Listing Regulations read with SEBI circular No. CIR/CFD/CMD/4/2015 dated September 9, 2015 is attached herewith as Annexure A. The Board Meeting commenced at 9.20 am and concluded at 10.28 am.<p align="justify">The above information is a part of company's filings submitted to BSE.<p align="justify">&nbsp;</p>
22-Apr-2020 Polycab India recommences operations at Halol, Daman manufacturing plants <P align=justify>Polycab India has recommenced their operations at its manufacturing plants situated at Halol and Daman with the effect from April 21, 2020 after obtaining the requisite approvals, as applicable, from the concerned Government Authorities.<P align=justify>The scope of operations of these plants is on the basis of current requirements which may undergo a change on the basis of prevailing conditions on ground. The company will continue to ensure health and safety of its workforce while remaining compliant with all the directives of competent authorities issued time to time.&nbsp; <P align=justify>Polycab India is the largest cables &amp; wires manufacturer. It is also the fastest growing company in the Indian cable industry with consistent growth. The company also in the business segment of EPC, Cables.
20-Mar-2020 Polycab India informs about allotment of equity shares under ESOP schemes <P align=justify>Polycab India has informed that the Nomination and Remuneration Committee vide its circular resolution passed on 19th March 2020, had allotted in aggregate 31,900 equity shares of face value of Rs 10 each to the employees who had exercised their options under the ESOP Schemes of the Company: Polycab Employee Stock Option Performance Scheme 2018 and Polycab Employee Stock Option Privilege Scheme 2018.<P>The above information is a part of company's filings submitted to BSE.<P><BR>
11-Mar-2020 Polycab India informs about analyst meeting <p align="justify">Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, Polycab India&nbsp;has informed about the schedule of calls/ meetings with the Institutional Investors / Analysts as on 11th March 2020 with Tokio Marine Asset Management International Pte and JM Financial Services. The above calls /meetings are one to one / group meetings arranged with the said Investors / Analysts wherein earnings presentation as hosted on its website and other publicly available information will only be shared.</p><p align="justify">The above information is a part of company's filings submitted to BSE.<br></p>
06-Mar-2020 Polycab India launches Experience Centre & Branch Office in kerala <p align="justify">Polycab India has launched Polycab Experience Centre &amp; Branch Office at Trivandrum, the capital of Kerala State. Polycab Experience Centre showcases entire range of high quality, premium as well as value for money offerings. In Wires &amp; Cables, the company has the widest range of power cables, control cables, instrumentation, building wires and industrial cables. </p><p align="justify">The Experience Centre also showcases the company's wide array of FMEG product portfolio consisting of Fan, Lighting, Switches, Switchgears, Conduit Pipes, Pumps, Geysers, Solar etc. Polycab's FMEG R&amp;D activities will be focused on developing new products to capitalize on industry trends, including the move towards home automation and green or environmentally friendly products that consume less power.</p><p align="justify">Polycab India is the largest cables &amp; wires manufacturer. It is also the fastest growing company in the Indian cable industry with consistent growth. The company also in the business segment of EPC, Cables.<br></p>
03-Mar-2020 Polycab India informs about schedule of analyst meeting <P align=justify>Pursuant&nbsp; to&nbsp; Regulation&nbsp; 30&nbsp; of&nbsp; the&nbsp; Securities&nbsp; and&nbsp; Exchange&nbsp; Board&nbsp; of&nbsp; India&nbsp; (Listing&nbsp; Obligations&nbsp; and Disclosure Requirements) Regulations, 2015, Polycab India has informed about the schedule of calls/ meetings with the Institutional Investors/ Analysts.<P align=justify>The above information is a part of company's filings submitted to BSE.