Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us    
Google
Web www.equitybulls.com
Stock Report

| More

Finolex Cables - Launches Industrial Switchgears

Posted On: 2020-01-03 12:00:27

India's leading and fast growing electrical company - Finolex Cables announce their entry in the MCCB product category to strengthen its presence in the Domestic and Industrial Switchgear Market. 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 MCCB launch will further strengthen the switchgear basket of the company and will give Finolex cables access to the enormous and robust Industrial switchgear market to serve its retail and panel builder clients.

Speaking at the occasion, Mr. Deepak K. Chhabria, Executive Chairman, Finolex Cables Ltd. said "As a leader in India's Electrical industry, Finolex is committed to develop technologically advanced products and solutions that meet industry needs, through technical innovation. The introduction of MCCBs is our latest step in delivering quality products to the industry. With our comprehensive product portfolio and its diverse applications, we continue to meet the requirements of a wide range of customers."

The MCCBs have been developed for use in applications like LT Panels, Control Panels etc. The MCCBs come with different breaking capacities along with required frame sizes. The low voltage switchgears provide centralized control and protection of low voltage power equipment and circuits in industrial, commercial and utility installations involving transformers, generators, motors etc.

Speaking on the new product launch, Mr. Amit Mathur, Head - Sales & Marketing, Finolex Cables Ltd. said, "The Industrial and OEM segment has been a stronghold of the company, we at Finolex have been servicing industrial/OEM clients for long time across product categories like Flexible cables, Communication Cable, Auto Cable, Solar Cable, LT/HT cables etc. Now with the introduction of Industrial Switchgear we shall further leverage upon our relationships with Industrial clients. Importantly, the launch of MCCB will help us in getting into the Rs 2000 crore strong Industrial Switchgear market. In which we are aiming to be an important player by offering quality products for the targeted Panel Builder & Retail Outlet community."

Finolex Cables has been steadily expanding into the Electrical segment with a product range that includes Electric Water Heaters, Fans, Miniature Circuit Breakers (MCBs), Switches and Lighting products. Its home products such as electrical switches, lights, fans and water heaters have been well-accepted, and are gaining traction in the market. Finolex Cables remains focused on growing this consumer-focused range steadily and continues to leverage their brand equity with the aim of becoming a complete electrical products company and a strong B2C player. The investments made by the company will be a source of competitive advantage, enabling them to capitalize on the unfolding opportunities and expand its business growth.

Shares of FINOLEX CABLES LTD. was last trading in BSE at Rs.403 as compared to the previous close of Rs. 384.7. The total number of shares traded during the day was 5754 in over 771 trades.

The stock hit an intraday high of Rs. 406.25 and intraday low of 388.25. The net turnover during the day was Rs. 2304413.


Source: Equity Bulls

Click here to send ur comments or to feedback@equitybulls.com





Other Headlines:

IIFL Wealth Management Ltd board declares interim dividend of Rs. 10 for FY 2019-20

IIFL Wealth Management Ltd consolidated Q3 net profit at Rs. 74.15 crore

Piramal Enterprises Limited Rights Issue Over-Subscribed ~1.14 Times

Syngene appoints Jonathan Hunt as Managing Director and Chief Executive Officer

Clarifications on Demand Notice received from DoT on AGRDues

Cipla Ltd updates on USFDA inspection at Goa facility

Cignex Datamatics and Relevance Lab deal not approved by DGSL shareholders; revised terms in discussions

Ujjivan Small Finance Bank Ltd reports Q3 FY2019-20 financial performance

CEAT EBITDA rises in Q3 FY19-20, stands at INR 188 crore

IndiGrid Q3 EBITDA up by 102% YoY

L&T announces Q3 FY2019-20 results

AU Small Finance Bank Ltd Q3 PAT climbs to Rs. 190.19 crore

AXISCADES Engineering Technologies Ltd consolidated net profit at Rs. 8.02 crore in Q3

PRO FIN Capital Services Ltd Q3 consolidated PAT at Rs. 0.82 crore

Raymond Ltd consolidated Q3 PAT at Rs. 195.28 crore

Ozone World Ltd Q3 net profit at Rs. 0.11 crore

Syngene International Ltd reports consolidated Q3 PAT of Rs. 91.8 crore

Victory Paper & Boards India Ltd posts loss in Q3 FY20

Agro Tech Foods Ltd Q3 consolidated net profit declines to Rs. 7.50 crore

Supreme Petrochem Ltd reports net profit of Rs. 2.07 crore in Q3

Cigniti Technologies Ltd Q3 consolidated net profit slips to Rs. 28.11 crore

AXIS Bank Ltd posts Q3 FY20 consolidated PAT of Rs. 1884 crores

CreditAccess Grameen Ltd reports net profit of Rs. 107.99 crore in Q3

Genus Power Infrastructures Ltd consolidated net profit drops to Rs. 16.83 crore in Q3

Ashirwad Capital Ltd Q3 FY20 net profit at Rs. 0.0632 crore

RBL Bank Ltd reports consolidated net profit of Rs. 66.49 crore in Q3

TATA Communications Ltd Q3 consolidated net profit drops YoY

CEAT Ltd consolidated Q3 net profit up at Rs. 52.79 crore

SBI Life Insurance Company Ltd posts Rs. 389.77 crore PAT in Q3

Jindal Drilling & Industries Ltd commences operation rig 'VIRTUE 1'

Solitaire Machine Tools Ltd allotted plot by GIDC

Sharda Cropchem Ltd Board declares Interim Dividend of Rs. 2 for 2019-20

Ashiana Housing Ltd obtains RERA registration for Phase 1 of 'Ashiana Amantran'

HUDCO updates on business in 2019-20

Frontline Corporation Ltd executes target letter of Rs. 26 crores with Bosch Ltd

Motilal Oswal Financial Services Ltd board declares interim dividend of Rs. 4

Ind-Ra affirms Cipla's long-term issuer rating

Man lnfraconstruction Ltd receives LoA for work worth Rs. 78.83 Crore from Indian Port Rail & Ropeway Corporation Limited

Businesses Face a Digital Ceiling in their Transformation Progress, Infosys Digital Radar Reveals

C Vijayakumar, CEO, HCL Technologies Named Chairman of World Economic Forum's IT Governors Community

TCS Consolidates its Growth and Transformation Brand Leadership

Edelweiss Finance & Investments Limited announces Public Issue of Secured Redeemable NCDs amounting to Rs 250 crores

HKG Ltd launches www.funkymobile.in

Sharda Cropchem Ltd Q3 consolidated PAT at Rs. 5.85 crore

VST Industries Ltd posts PAT of Rs. 81.48 crores in Q3

Motilal Oswal Financial Services Ltd Q3 consolidated net profit jumps to Rs. 165.44 crore

Alchemist Corporation Ltd Q3 net profit at Rs. 0.07 crore

Alembic Pharmaceuticals Ltd Q3 consolidated PAT at Rs. 234.19 crore

Asian Paints Ltd consolidated Q3 net profit drops QoQ

Gateway Distriparks Ltd consolidated Q3 net profit at Rs. 16.51 crore







Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2019