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Vindhya Telelinks advances on receiving nod for expansion plan at Rewa

Vindhya Telelinks Ltd. | Telecom-Infrastructure | Telecom | BSE: 517015 | NSE: VINDHYATEL

16 May 2017 Evaluate

Vindhya Telelinks is currently trading at Rs. 720.00, up by 33.60 points or 4.90% from its previous closing of Rs. 686.40 on the BSE.

The scrip opened at Rs. 717.95 and has touched a high and low of Rs. 720.45 and Rs. 712.90 respectively. So far 3701 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 766.85 on 30-Oct-2016 and a 52 week low of Rs. 510.65 on 29-Sep-2016.

Last one week high and low of the scrip stood at Rs. 720.45 and Rs. 677.45 respectively. The current market cap of the company is Rs. 853.26 crore.

The promoters holding in the company stood at 43.52%, while Institutions and Non-Institutions held 13.06% and 43.42% respectively.

Vindhya Telelinks has received an approval for substantial expansion-cum-diversification of the company’s existing Copper Cable facility at Rewa, to be executed in stages, for manufacturing of Electron Beam Irradiated Cross-linked Cables including installation of Electron Beam Accelerator(s) of appropriate rated capacity, with an estimated capital outlay of Rs 32.75 crore, to be funded by a mix of internal accruals and debt. The board of directors at its meeting held on May 15, 2017 has approved for the same. The substantial expansion-cum-diversification project is likely to be operational in two stages by December, 2017.

The company is presently engaged in the manufacturing of a wide variety of Cables and it has been decided to expand its products portfolio by diversification into the high end market of specialized electrical cables and electron beam irradiated cross-linked cables. The market for such cables is rapidly expanding due to the exacting technical requirements of new applications and the gradual transition from the conventional cables to the new genre of Electron Beam Irradiated Cables particularly in the market segment of Solar Energy (DC Solar Cables), Railways, Ship Building, etc.

Vindhya Telelinks is engaged in the manufacture of cables and engineering, procurement and construction (EPC). The company is engaged in the business of manufacturing and sale of telecommunication cables, other types of wires and cables, fiber reinforced plastic (FRP) rods/glass rovings and connectorized cable products.

Vindhya Telelinks Share Price

1376.60 24.45 (1.81%)

17-Apr-2026 16:59 View Price Chart

Peers

Company Name	CMP
Vindhya Telelinks	1376.60
HFCL	95.45
Pace Digitek	177.15
Bondada Engineering	359.85
GTL Infrastructure	1.26
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Vindhya Telelinks advances on receiving nod for expansion plan at Rewa

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