Finolex Cables shines on adding RPVC conduits to its repository

Finolex Cables Limited has informed about adding conduit & fittings to its repository. The conduits are manufactured at its state-of-the-art manufacturing facility located in Goa, from specially formulated µPVC to meet the most stringent Indian and international standards. These are made up of high impact resistance materials, which make them safe to use across varied environmental conditions. 

The conduits are available in 19"-32" diameters in light, medium & heavy stress specifications. Along with conduits, Finolex also offers commonly used fittings such as junction boxes, bends, inspection bends, etc. 

The company has been steadily expanding into the electrical segment with a product range that includes electric water heaters, fans, switchgear, switches, and lighting products. Its residential range of electrical switches, lights, fans & water heaters have been well-accepted and are also, gaining traction in the market. 

This conduit business would be a wonderful opportunity for the company to start a business relationship with the Project Developer at the initial stage itself, after which, wires, MCBs, switches, lighting will be required to complete the electrical requirements of a project/home. Also, the government's 'Power for All' mission, higher infrastructure spends and growth in affordable housing projects will lead to an increase in the overall market size. 

During December 2020 quarter, the revenue from the electrical cables segment of the company grew by 29 per cent QoQ. The management informed that post unlocking, volumes are nearing the pre-COVID levels. 

On Wednesday, at 2.42 pm, the stock of Finolex Cables was trading 2.5 per cent higher at Rs 389 from its previous close of Rs 379.35 on BSE.  Later, it got closed at Rs 385.20.