BACKGROUND
-Part of multi faceted Torrent group which includes Torrent Pharma,Torrent Power
-Cables market can be broadly classified into telecommunication cables,house wire and cables and power cables.Power cables is mainly used for conveying electricity in power transmission and distribution network.
-Torrent cables is One of the market leaders in HT(HIGH TENSION OR HIGH VOLTAGE) POWER CABLE SEGMENT with manufacturing capabilty of upto 132 KV XLPE (Cross linked polythene)CABLES
Low tension,High Tension and PVC cables
-Clients include State Electricity Boards,Private Sector,Corporate companies etc
-Products includes HT,LT,EHV ower cables and control cables.
75% of company revenues come from High tension Cables and 25% of revenues come from Low Tension cables
Positives/Opportunies
-Future outlook looks bright with all time high order book as on 31st march,2015
-Launch Of deen dayal gram jyoti yojana of 43000 crores for rural areas augmention the transmission and sub transmission distribution infrastructure
-Approval of IPDS (Integrated power development scheme) of 32000 crores for urban areas involving strengthning of sub transmission and distribution infra.
-Identification of Power sector as a key sector and Power for all initiative
Recommended at current market price of 158
-Part of multi faceted Torrent group which includes Torrent Pharma,Torrent Power
-Cables market can be broadly classified into telecommunication cables,house wire and cables and power cables.Power cables is mainly used for conveying electricity in power transmission and distribution network.
-Torrent cables is One of the market leaders in HT(HIGH TENSION OR HIGH VOLTAGE) POWER CABLE SEGMENT with manufacturing capabilty of upto 132 KV XLPE (Cross linked polythene)CABLES
Low tension,High Tension and PVC cables
-Clients include State Electricity Boards,Private Sector,Corporate companies etc
-Products includes HT,LT,EHV ower cables and control cables.
75% of company revenues come from High tension Cables and 25% of revenues come from Low Tension cables
Positives/Opportunies
-Future outlook looks bright with all time high order book as on 31st march,2015
-Launch Of deen dayal gram jyoti yojana of 43000 crores for rural areas augmention the transmission and sub transmission distribution infrastructure
-Approval of IPDS (Integrated power development scheme) of 32000 crores for urban areas involving strengthning of sub transmission and distribution infra.
-Identification of Power sector as a key sector and Power for all initiative
Recommended at current market price of 158
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