Cable penny stock receives an order of Rs 6,90,77,720 from Central PSU

Prime Cable Industries Limited is pleased to announce the receipt of a domestic purchase order from a Central PSU, valued at Rs 69,077,720 (inclusive of GST). The contract involves the supply of Low Voltage (LV) PVC Insulated Copper Conductor Armoured Control Cables, a critical component for industrial electrical infrastructure. This significant domestic award underscores the company’s capability to meet the stringent technical requirements of major public sector undertakings and reinforces its position in the power equipment manufacturing sector.

Earlier, the company announced the successful acquisition of a domestic purchase order from Siemens Energy for the supply of low-voltage (LV) cables. Valued at Rs 68,533,898.50 (inclusive of GST), the contract entails providing essential cabling infrastructure for the 220kV GIS (NEA) projects located in Leknath and Damauli, Nepal. This domestic award focuses strictly on the procurement and delivery of the specified materials required for these international substation installations.

About the Company

Prime Cable Industries Limited, established in 1997, is an Indian manufacturer specialising in a wide product portfolio of wires and cables, including LT PVC/XLPE Power and Control Cables, as well as Aerial Bunch (AB) Cables and Instrumentation Cables. The company offers its products, which also include Housing/Building Wires, under its proprietary brands “PRIMECAB” and “RENUFO”.

In FY25, the company reported net sales of Rs 141 crore and net profit of Rs 8 crore. The company has a market cap of Rs 150 crore with a PE of 20x, an ROE of 69 per cent and an ROCE of 31 per cent. The stock has a 52-week high of Rs 123.65 per share and has a 52-week low of Rs 70.70 per share. The stock is up by 18.2 per cent from its 52-week low of Rs 70.70 per share.

Disclaimer: The article is for informational purposes only and not investment advice.