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Polycab India incorporates subsidiary company in India

11 Nov 2021 Evaluate

Polycab India has incorporated a subsidiary company in India namely ‘Steel Matrix’ (SMPL) on November 11, 2021. The Company has incorporated SMPL with an objective of securing dependable supply of quality packing materials, improving control over the supply chain and increase the overall operating efficiencies. SMPL will also help to strengthen the backward integration of the Company’s manufacturing process.

Polycab India is the largest cables & wires manufacturer. It is also the fastest growing company in the Indian cable industry with consistent growth. The company also in the business segment of EPC, Cables.

Peers
Company Name CMP
Polycab India 8139.00
KEI Industries 4465.00
RR Kabel Ltd. 2525.30
Finolex Cables 1436.25
Precision Wire India 501.35
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