Dynamic Cables receives order worth Rs. 95.91 Crs from Northern Railways

Dynamic Cables Limited (DCL), today announced that it has received Letter of Acceptance from Northern Railway for supply of PVC Insulated Armored Unscreened Underground, Railway Signaling Copper Conductor Cables worth Rs. 95.91 Crores (including GST). The delivery of the said order is scheduled to be within six months.

This order marks a significant stepping stone for Dynamic Cables in its railway signaling business segment, reaffirming our position as a trusted partner in providing power cables for critical railway infrastructure. This order underscores our commitment to deliver high-quality solutions, maintaining long-term partnerships, and contributing to the advancement of the nation's transportation sector.

Commenting on the order win, Mr. Ashish Mangal, Managing Director of Dynamic Cables Limited commented: "We are delighted to strengthen our relationship with Northern Railways, with whom we endeavor to develop a valued partnership and a long-term collaboration. This order reaffirms our dedication to deliver innovative solutions that meet the needs of our customers. We believe this is a testament to the trust that company has built in last 37 years to provide reliable and cutting-edge solutions. We look forward to work closely with Northern Railways to ensure the successful execution of this project and to contribute to the efficient and sustainable operation of the railways network."

Shares of Dynamic Cables Ltd was last trading in BSE at Rs. 457.15 as compared to the previous close of Rs. 435.40. The total number of shares traded during the day was 11246 in over 422 trades.

The stock hit an intraday high of Rs. 457.15 and intraday low of 436.00. The net turnover during the day was Rs. 5088283.00.

Source : Equity Bulls

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