Universal Cables Ltd reported an 11.33% year-on-year (YoY) increase in consolidated net profit for the fourth quarter of FY26, while its board approved a Rs 73 crore modernisation plan for its extra high voltage (EHV) cable facility and a Rs 200 crore debt issuance programme. Consolidated net profit for Q4 FY26 stood at Rs 55.32…
Diamond Power Infrastructure Limited has commissioned its seventh medium voltage (MV) and extra high voltage (EHV) power cable production line at its manufacturing facility in Vadodara, Gujarat. The newly operational line uses Continuous Catenary Vulcanisation (CCV) technology for the production of MV and EHV cross-linked polyethylene (XLPE) power cables. According to the company, the commissioning…
KEI Industries Ltd’s board of directors has approved a proposal to raise Rs 20 billion through a qualified institutional placement (QIP). The funds will be raised via the issuance of equity shares or other eligible securities, subject to shareholder and regulatory approvals. A “Fund Raising Committee” has been formed to finalize the QIP’s terms and…