Solar Cable Manufacturing Company Has Received Manufacturer Approval from CG Power and Industrial Solutions Limited, Nashik
The stock is up by 21 per cent from its 52-week low of Rs 89 per share and gave multibagger returns of over 500 per cent in 3 years.
Relicab Cable Manufacturing Limited has achieved a significant milestone by securing Manufacturer Approval from CG Power and Industrial Solutions Limited, Nashik. This approval grants Relicab the ability to supply Interconnecting Control Cables for POWERGRID projects up to a massive 765kV capacity. The approval is a testament to Relicab's commitment to quality, as it recognizes their compliance with stringent POWERGRID specifications and rigorous project requirements. This validation is valid until November 13th, 2025.
This achievement underscores Relicab's dedication to continuous improvement. As per the approval letter, Relicab pledges to adhere to various quality initiatives, including Six Sigma, Kaizen, and 5S methodologies. Additionally, they will implement advanced IT systems to streamline inventory management, billing, and product traceability. This commitment to excellence positions Relicab as a trusted supplier within the industry, ensuring clients receive reliable and high-quality products.
Earlier, the company has been awarded a contract by one of the largest multinational technology conglomerates for the supply of 7C4 sq. mm, PVC Cable, FRLS Unarmoured, 471.5 sq. mm, PVC Cable, FRLS, Unarmo, and Std Cable 7G1,5 PUR/ Screen/ Outdoors. This domestic order, valued at approximately Rs 84 lakhs (excluding tax), requires the cables to be delivered within 30 days.
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Established in 1992, Relicab Cable Manufacturing Ltd has a strong track record in the wire and cable industry. Their product portfolio extends beyond cables to include wire harnesses and various PVC compounds. With a state-of-the-art manufacturing facility in Daman, India, the company caters to both domestic and international markets, including Russia, Uganda, and the UAE. Relicab Cable Manufacturing Limited is a leading "Make in India" company specializing in the production of a wide range of cables, including power, control, instrumentation, and specialty cables. With over two decades of experience, the company's Daman unit is well-equipped to manufacture PVC and XLPE insulated cables, flexible cables, solar cables, and more.
The company have a market cap of over Rs 100 crore with a 3-year stock price CAGR of 111 per cent. The stock is up by 21 per cent from its 52-week low of Rs 89 per share and gave multibagger returns of over 500 per cent in 3 years. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.