Shares of Delton Cables Ltd rallied 5% on 4 June after the company announced securing an order worth Rs 177.83 crore from Top EPC Companies under the Revamped Distribution Sector Scheme (RDSS Scheme). 

As per the latest regulatory filings on the BSE, Delton Cable was given an order by Top EPC Companies under the Revamped Distribution Sector Scheme (RDSS Scheme) for the provision of electricity cables valued at Rs. 177.83 crore. 

The order is for the supply of power cabled and has to be completed over a period of 2 years. 

Aiming for an OPEX strategy rather than a CAPEX-heavy one, Delton Cables expects to boost asset utilisation in the near future by sweating assets and focusing on placing top-notch equipment in leased facilities for increased production.

Delton Cables Limited was established in 1948, with the primary focus being on the manufacturing and marketing of wires, cables, switchgear, and other enterprises, including trading. It is a significant supplier to the domestic and foreign mining, steel, communications, electricity, and railway sectors.

As one of India’s top cable and wire companies and a pioneer in low-voltage and telecom cables, the company is now evolving into a specialised, branded supplier to rapidly expanding industries like telecom, EPC, and railroads.

At 2:10 pm, the shares of Delton Cables were trading 0.775 higher at Rs 410 on NSE.