The Hindu Business Line : Traco Cable on revival path

The State-owned Traco Cable Company, which came out of the purview of the Board for Industrial and Financial Reconstruction in 2003-04, is on the path to revival.

The company has bagged an order worth about Rs 55 crore from the Kerala State Electricity Board for power conductors. The order would enable the company to turn profitable in the current year, according to Mr G. Mohandas, Managing Director.

The company is now focussing on the manufacture of power conductors, owing to the drop in demand for jelly-filled telephone cables (JFTC) in the country. Accordingly, the management has decided to modify the existing JFTC lines to produce power cables.

Traco executed orders for power conductors worth Rs 37 crore in 2005-06 as against Rs 19 crore in 2003-04. With the KSEB order, the company is set to make a profit of Rs 5 crore in the current year, Mr Mohandas said.

As part of the revival scheme put up by the company, the State Government has converted its loan and guarantee commission, amounting to Rs 10.68 crore, into equity.

The company has undertaken expansion and modernisation projects, which would double the overall production capacity for power conductors. This would help substantially improve its profitability in the coming years, he said.

More Stories on : Sick Units | Electrical Goods | Kerala

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
ONGC to assist Army in IT upgrade

ONGC not considering stock split now

SAFA draws up a/c standards for SMEs

Radico Khaitan to raise $100 m

Petronet LNG to raise $100 m; Q4 net jumps

Suprajit Engg to buy UK co Carclo's cable biz

IOC nets Rs 3,225 cr by diluting stake in ONGC

OVL sees 9 mt from overseas oil fields by 2010

Tata Toyo contract workers strike work; production hit

ONGC invites Petrobras to invest in refining ventures

Viva Brazil!

Unions to seek CSR rating of cos

Traco Cable on revival path

Glenmark's asthma drug enters phase II trials