Penny stock remains in focus after ₹10 crore order win from Adani Group

Stock Market today: Penny stock, Ultracab India Ltd remains in focus after it has secured ₹10 crore order win from Adani Group.

Ultracab India announced on Wednesday that Company received annual rate Contract of worth ₹9.70 Crore from Adani Electricity, Mumbai . Ultracab India is a wires and cables manufacturer

Ultracab India order details

Ultracab India in its release on the exchanges on 26 March 2025, said that the company has received a significant Rate Contract from Adani Electricity Mumbai Limited for Supply of LT PVC Cables.

Specifying the nature and items of contract Ultracab India said that the order is for supply of LT PVC Cables of various sizes

LT PVC Power Cable is the backbone of Low Voltage Power Distribution.

Also informing about the time period by which the order or contract is to be Executed, Ultracab India Ltd said that the supply will be completed on or before March 2026. The Broad consideration or size of the order or contract is ₹9,70,42,144/-

This significant order from Adani Electricity, Mumbai underscores Ultracab India Limited's strong market presence and the trust reposed in its quality products, highlighted the company in is press release. It said that it is confident that this order will contribute positively to the company's revenue and profitability in the coming periods.

With a presence in the industry for more than 22 years, Ultracab India Ltd. is a producer and supplier of electric wires and cables. Ultracab said that it has been growing well since inception. Promoter of Ultracab has been working in this domain for more than 26 years.

The production facility for Ultracab India is situated in Shapar, Rajkot, Gujarat, India.

When comparing Q3 FY25 to Q3 FY24 earnings performance, the company's net profit increased around 65% to ₹2.70 crore, while sales increased almost 160% to ₹57.24 crore.

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