Delton Cables Share Price

Incorporated in Sept.64 as a private limited company under the name Delton Cable Industries Pvt. Ltd., was converted into a public limited company in Jun81, and the name was changed to Delton Cables Ltd. The Company has pioneered the development of Indias electrical industry. Shri Ram Kumar Gupta founded the Company. Delton is a prime supplier to the Power, Telecommunication, Railways, Steel and Mining sectors in India and in the International market also. It is engaged in manufacturing and supplying of wires, cables and switchgears and ancillary activities including trading.In 198182, the Company completed modernisation programme at its Faridabad factory at a cost of Rs.74 lakhs. ICICI sanctioned a term loan of Rs.35 lakhs for this programme and the balance was met from internal resources. Early in 198384, manufature of jelly filled cables was taken up in the dxisting plant by the addition of some balancing equipment.During 198889, the Company implemented a project to manufacture jelly filled cables at Dharuhera with an installed capacity of 500 million core metres per annum, at a cost of Rs.22 crores. manufacture of jelly filled cables in the new unit commenced during 198990.During 198788, the Company was granted an industrial licence for the manufacture of 50,000 lines of Electronic Private Automatic Branch Exchanges (EPANX) and allied equipments per annum in the state of Haryana. The project was undertaken in a joint venture Company Delta Systems Pvt. Ltd. co promoted by the Company along with ATEA, Belgium and Siemens Ltd. The estimated cost of the project was Rs.16.5 crores of which a sum of Rs.4 crores was to be raised by way of equity capital. The Company ATEA and Siemens Ltd. were to participate to the extent of 25%, 15% and 49% respectively in the equity capital of the joint venture. The balance 11% was to be raised from other associates.The Company developed Switchboard Cables and Polythene Insulated Jelly Filled Cables during 20002001. It started commercial production of Switchgear products in November 2007 at new unit in Noida.