The company is engaged in Manufacturing of C.R. Strips, CR/MS Flat Wire, and Galvanized Wire. These products are used by wide range of user industries such as Auto Component, Power Transmission Equipment, White Goods and Electrical Equipments etc. The company supplies the goods to many reputed companies in the domestic industry covering Havells India, Delton Cables, Skytone Electricals (India) Ltd., Hindustan Vidyut Products Ltd., Talbros Automotive Components, Maharaja Appliances, Precision Stamping, Avon Tubetech, R. R. Autotech, Neolite Industries, Satyam Auto, Orient Paper and Industries etc.
Industry Outlook
The product of the Company are used predominantly in the Auto Components, white goods and in Power Transmission (Cables) industries. With the Indian economy growing rapidly, huge investments in the power sector is expected and consequently a good demand for power cables is expected, which in turn will steer the Galvanised Wire/strips sales of the Company. Besides Power Cables, the company caters to the automotive components and the white goods sectors, both of which have a promising growth potential. The rural penetration of white goods continues to be extremely low in India inspite of a surge in the purchasing power in the rural economy. As power availability improves, the demand for white goods in the rural economy shall drive the demand for the same in the country thereby leading to a demand for the products of the Company.